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2023 Annual Report

RiverSource of New York Variable Annuity Account

This wrapper contains financial statements provided for owners of:

•

RiverSource^® Retirement Advisor Advantage Variable Annuity

•

RiverSource^® Retirement Advisor Select Variable Annuity

•

RiverSource^® Retirement Advisor Variable Annuity

•

RiverSource^® Flexible Portfolio Annuity

This Annual Report contains financial information for all the subaccounts of RiverSource of New York Variable Annuity Account. Not all subaccounts of RiverSource of New York Variable Annuity Account apply to your specific contract.

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ANN9124_12_C01_(05/24)

Issued by: RiverSource Life Insurance Co. of New York

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

TO THE BOARD OF DIRECTORS OF RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK AND

THE CONTRACT OWNERS OF RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Opinions on the Financial Statements

We have audited the accompanying statements of assets and liabilities of each of the divisions of RiverSource of New York Variable Annuity Account, as indicated in Note 1, as of December 31, 2023, and the related statements of operations and of changes in net assets for each of the periods indicated in Note 1, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the divisions of RiverSource of New York Variable Annuity Account as of December 31, 2023, and the results of each of their operations and the changes in each of their net assets for each of the periods indicated in Note 1 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinions

These financial statements are the responsibility of the RiverSource Life Insurance Co. of New York management. Our responsibility is to express an opinion on the financial statements of each of the divisions of the RiverSource of New York Variable Annuity Account 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 each of the divisions of the RiverSource of New York Variable Annuity 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 of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our 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. Our procedures included confirmation of investments owned as of December 31, 2023 by correspondence with the transfer agents of the investee mutual funds. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

April 22, 2024

We have served as the auditor of one or more of the divisions of RiverSource of New York Variable Annuity Account since 2010.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			1

Statement of Assets and Liabilities


December 31, 2023	AB VPS Dyn Asset Alloc, Cl B		AB VPS Intl Val, Cl B		AB VPS Lg Cap Gro, Cl B		AB VPS Relative Val, Cl B		AB VPS Sus Gbl Thematic, Cl B
Assets
Investments, at fair value^(1),(2)	$	714,329	$	3,634,482	$	10,229,156	$	4,743,634	$	447,989
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		5,427		—		193		—
Receivable for share redemptions		667		2,513		9,352		3,316		328
Total assets		714,996		3,642,422		10,238,508		4,747,143		448,317

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		667		2,512		8,736		3,316		328
Contract terminations		—		1		616		—		—
Payable for investments purchased		—		5,427		—		193		—
Total liabilities		667		7,940		9,352		3,509		328
Net assets applicable to contracts in accumulation period		712,821		3,628,605		10,203,346		4,741,868		446,305
Net assets applicable to contracts in payment period		—		5,877		21,074		—		—
Net assets applicable to seed money		1,508		—		4,736		1,766		1,684
Total net assets	$	714,329	$	3,634,482	$	10,229,156	$	4,743,634	$	447,989
⁽¹⁾ Investment shares		80,262		247,076		152,765		164,824		14,428
⁽²⁾ Investments, at cost	$	848,252	$	3,629,814	$	9,558,626	$	4,309,346	$	382,855

December 31, 2023 (continued)	Allspg VT Index Asset Alloc, Cl 2		Allspg VT Intl Eq, Cl 2		Allspg VT Opp, Cl 2		Allspg VT Sm Cap Gro, Cl 2		ALPS Alerian Engy Infr, Class III
Assets
Investments, at fair value^(1),(2)	$	2,385,922	$	894,141	$	2,553,302	$	4,170,139	$	2,021,816
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		37		62		167		738		10
Receivable for share redemptions		1,595		645		2,125		3,238		1,696
Total assets		2,387,554		894,848		2,555,594		4,174,115		2,023,522

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,595		645		1,939		3,235		1,696
Contract terminations		—		—		186		3		—
Payable for investments purchased		37		62		167		738		10
Total liabilities		1,632		707		2,292		3,976		1,706
Net assets applicable to contracts in accumulation period		2,385,922		878,986		2,468,064		4,168,673		2,019,486
Net assets applicable to contracts in payment period		—		14,988		82,610		—		—
Net assets applicable to seed money		—		167		2,628		1,466		2,330
Total net assets	$	2,385,922	$	894,141	$	2,553,302	$	4,170,139	$	2,021,816
⁽¹⁾ Investment shares		127,726		456,195		98,242		530,552		186,859
⁽²⁾ Investments, at cost	$	2,171,592	$	1,255,057	$	2,302,283	$	5,324,776	$	1,651,089

See accompanying notes to financial statements.



2		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	AC VP Intl, Cl I		AC VP Intl, Cl II		AC VP Mid Cap Val, Cl II		AC VP Ultra, Cl II		AC VP Val, Cl I
Assets
Investments, at fair value^(1),(2)	$	160,766	$	739,039	$	2,522,206	$	2,825,091	$	495,836
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		447		—		—
Receivable for share redemptions		130		509		2,000		2,439		335
Total assets		160,896		739,548		2,524,653		2,827,530		496,171

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		130		509		1,971		2,121		335
Contract terminations		—		—		29		318		—
Payable for investments purchased		—		—		447		—		—
Total liabilities		130		509		2,447		2,439		335
Net assets applicable to contracts in accumulation period		160,766		734,830		2,521,376		2,824,665		495,836
Net assets applicable to contracts in payment period		—		3,134		—		—		—
Net assets applicable to seed money		—		1,075		830		426		—
Total net assets	$	160,766	$	739,039	$	2,522,206	$	2,825,091	$	495,836
⁽¹⁾ Investment shares		15,195		69,985		129,543		114,562		40,676
⁽²⁾ Investments, at cost	$	140,364	$	676,579	$	2,424,631	$	2,219,614	$	353,241

December 31, 2023 (continued)	AC VP Val, Cl II		BlackRock Adv SMID Cap VI, Cl III		BlackRock Global Alloc, Cl III		BNY Mellon Sus US Eq, Serv		Calvert VP EAFE Intl Index, Cl F
Assets
Investments, at fair value^(1),(2)	$	13,591,683	$	293,185	$	6,170,764	$	64,422	$	352,347
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		452		—		275		—		—
Receivable for share redemptions		11,422		225		5,161		53		292
Total assets		13,603,557		293,410		6,176,200		64,475		352,639

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		11,035		225		5,077		53		292
Contract terminations		387		—		84		—		—
Payable for investments purchased		452		—		275		—		—
Total liabilities		11,874		225		5,436		53		292
Net assets applicable to contracts in accumulation period		13,555,555		292,215		6,087,626		61,581		346,910
Net assets applicable to contracts in payment period		34,495		—		82,134		—		—
Net assets applicable to seed money		1,633		970		1,004		2,841		5,437
Total net assets	$	13,591,683	$	293,185	$	6,170,764	$	64,422	$	352,347
⁽¹⁾ Investment shares		1,113,160		29,615		473,581		1,462		3,725
⁽²⁾ Investments, at cost	$	11,375,611	$	260,171	$	7,027,302	$	60,089	$	317,985

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			3

Statement of Assets and Liabilities


December 31, 2023 (continued)	Calvert VP Nasdaq 100 Index, Cl F		Calv VP Russ 2000 Sm Cap Ind, Cl F		Calvert VP SRI Bal, Cl F		Calvert VP SRI Bal, Cl I		CB Var Sm Cap Gro, Cl I
Assets
Investments, at fair value^(1),(2)	$	2,114,426	$	506,775	$	314,805	$	1,948,989	$	471,751
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		88
Receivable for share redemptions		1,606		426		236		1,239		335
Total assets		2,116,032		507,201		315,041		1,950,228		472,174

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,584		426		236		1,239		335
Contract terminations		22		—		—		—		—
Payable for investments purchased		—		—		—		—		88
Total liabilities		1,606		426		236		1,239		423
Net assets applicable to contracts in accumulation period		2,109,469		503,137		313,845		1,948,853		471,366
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		4,957		3,638		960		136		385
Total net assets	$	2,114,426	$	506,775	$	314,805	$	1,948,989	$	471,751
⁽¹⁾ Investment shares		15,140		6,426		133,960		822,358		17,249
⁽²⁾ Investments, at cost	$	1,672,503	$	470,079	$	291,996	$	1,734,859	$	448,120

December 31, 2023 (continued)	Col VP Bal, Cl 2		Col VP Bal, Cl 3		Col VP Commodity Strategy, Cl 2		Col VP Contrarian Core, Cl 2		Col VP Disciplined Core, Cl 2
Assets
Investments, at fair value^(1),(2)	$	12,875,516	$	49,684,729	$	658,204	$	6,034,466	$	3,181,537
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		115,757		7,612		—		—		133,794
Receivable for share redemptions		10,672		42,701		537		7,842		2,626
Total assets		13,001,945		49,735,042		658,741		6,042,308		3,317,957

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		10,672		42,579		537		5,128		2,626
Contract terminations		—		122		—		2,714		—
Payable for investments purchased		115,757		7,612		—		—		133,794
Total liabilities		126,429		50,313		537		7,842		136,420
Net assets applicable to contracts in accumulation period		12,875,331		49,543,746		656,149		6,033,959		3,180,456
Net assets applicable to contracts in payment period		—		140,620		—		—		—
Net assets applicable to seed money		185		363		2,055		507		1,081
Total net assets	$	12,875,516	$	49,684,729	$	658,204	$	6,034,466	$	3,181,537
⁽¹⁾ Investment shares		308,988		1,177,363		179,347		141,921		36,730
⁽²⁾ Investments, at cost	$	11,803,649	$	33,699,844	$	853,234	$	3,590,208	$	2,319,341

See accompanying notes to financial statements.



4		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	Col VP Disciplined Core, Cl 3		Col VP Divd Opp, Cl 2		Col VP Divd Opp, Cl 3		Col VP Emerg Mkts Bond, Cl 2		Col VP Emer Mkts, Cl 2
Assets
Investments, at fair value^(1),(2)	$	17,906,251	$	5,830,278	$	19,916,112	$	1,084,456	$	2,565,820
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		48		2,033		2		185
Receivable for share redemptions		16,317		5,079		15,634		877		2,130
Total assets		17,922,568		5,835,405		19,933,779		1,085,335		2,568,135

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		15,519		5,075		15,488		877		2,128
Contract terminations		798		4		146		—		2
Payable for investments purchased		—		48		2,033		2		185
Total liabilities		16,317		5,127		17,667		879		2,315
Net assets applicable to contracts in accumulation period		17,821,053		5,829,827		19,721,267		1,083,445		2,564,645
Net assets applicable to contracts in payment period		84,487		—		194,845		—		—
Net assets applicable to seed money		711		451		—		1,011		1,175
Total net assets	$	17,906,251	$	5,830,278	$	19,916,112	$	1,084,456	$	2,565,820
⁽¹⁾ Investment shares		203,388		153,833		516,497		138,147		266,717
⁽²⁾ Investments, at cost	$	5,458,910	$	4,697,533	$	7,506,280	$	1,282,531	$	3,857,472

December 31, 2023 (continued)	Col VP Emer Mkts, Cl 3		Col VP Global Strategic Inc, Cl 2		Col VP Global Strategic Inc, Cl 3		Col VP Govt Money Mkt, Cl 2		Col VP Govt Money Mkt, Cl 3
Assets
Investments, at fair value^(1),(2)	$	4,052,503	$	1,090,791	$	2,469,210	$	16,426,054	$	7,553,882
Dividends receivable		—		—		—		2,175		1,018
Accounts receivable from RiverSource Life of NY for contract purchase payments		3,692		—		320		12		38
Receivable for share redemptions		3,264		967		1,884		162,820		9,393
Total assets		4,059,459		1,091,758		2,471,414		16,591,061		7,564,331

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,251		967		1,884		12,820		5,773
Contract terminations		13		—		—		150,000		3,621
Payable for investments purchased		3,692		—		320		12		38
Total liabilities		6,956		967		2,204		162,832		9,432
Net assets applicable to contracts in accumulation period		4,010,346		1,089,753		2,461,424		16,407,591		7,540,556
Net assets applicable to contracts in payment period		42,157		—		7,692		—		14,342
Net assets applicable to seed money		—		1,038		94		20,638		1
Total net assets	$	4,052,503	$	1,090,791	$	2,469,210	$	16,428,229	$	7,554,899
⁽¹⁾ Investment shares		415,641		142,587		319,019		16,426,054		7,553,882
⁽²⁾ Investments, at cost	$	5,400,191	$	1,190,164	$	3,128,129	$	16,426,052	$	7,553,823

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			5

Statement of Assets and Liabilities


December 31, 2023 (continued)	Col VP Hi Yield Bond, Cl 2		Col VP Hi Yield Bond, Cl 3		Col VP Inc Opp, Cl 2		Col VP Inc Opp, Cl 3		Col VP Inter Bond, Cl 2
Assets
Investments, at fair value^(1),(2)	$	4,478,505	$	5,298,350	$	3,757,141	$	4,263,405	$	6,040,721
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		10		542		99		654		—
Receivable for share redemptions		3,736		4,215		3,139		3,212		5,034
Total assets		4,482,251		5,303,107		3,760,379		4,267,271		6,045,755

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,736		4,204		3,139		3,193		5,023
Contract terminations		—		11		—		19		11
Payable for investments purchased		10		542		99		654		—
Total liabilities		3,746		4,757		3,238		3,866		5,034
Net assets applicable to contracts in accumulation period		4,477,296		5,264,249		3,755,771		4,248,272		6,039,810
Net assets applicable to contracts in payment period		—		34,099		—		15,133		—
Net assets applicable to seed money		1,209		2		1,370		—		911
Total net assets	$	4,478,505	$	5,298,350	$	3,757,141	$	4,263,405	$	6,040,721
⁽¹⁾ Investment shares		742,704		870,008		596,372		666,157		706,517
⁽²⁾ Investments, at cost	$	4,695,778	$	5,713,450	$	4,209,314	$	5,238,478	$	6,912,313

December 31, 2023 (continued)	Col VP Inter Bond, Cl 3		Col VP Lg Cap Gro, Cl 2		Col VP Lg Cap Gro, Cl 3		Col VP Lg Cap Index, Cl 2		Col VP Lg Cap Index, Cl 3
Assets
Investments, at fair value^(1),(2)	$	10,923,998	$	7,517,940	$	4,309,905	$	20,353,028	$	73,880,087
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		1,283		18,000		412		—		1,375
Receivable for share redemptions		8,507		6,359		27,456		16,242		80,682
Total assets		10,933,788		7,542,299		4,337,773		20,369,270		73,962,144

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		8,451		6,359		2,975		16,103		58,724
Contract terminations		56		—		24,481		139		21,958
Payable for investments purchased		1,283		18,000		412		—		1,375
Total liabilities		9,790		24,359		27,868		16,242		82,057
Net assets applicable to contracts in accumulation period		10,880,641		7,517,401		4,309,568		20,352,893		73,879,703
Net assets applicable to contracts in payment period		43,356		—		—		—		—
Net assets applicable to seed money		1		539		337		135		384
Total net assets	$	10,923,998	$	7,517,940	$	4,309,905	$	20,353,028	$	73,880,087
⁽¹⁾ Investment shares		1,270,232		208,716		117,500		520,006		1,857,684
⁽²⁾ Investments, at cost	$	13,133,143	$	5,345,860	$	1,468,338	$	17,906,562	$	44,217,211

See accompanying notes to financial statements.



6		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	Col VP Limited Duration Cr, Cl 2		Col VP Long Govt/ Cr Bond, Cl 2		Col VP Overseas Core, Cl 2		Col VP Overseas Core, Cl 3		Col VP Select Lg Cap Eq, Cl 2
Assets
Investments, at fair value^(1),(2)	$	3,846,560	$	1,387,529	$	1,091,693	$	2,949,760	$	228,051
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		2,570		—		—		505		—
Receivable for share redemptions		3,081		1,063		947		2,534		100
Total assets		3,852,211		1,388,592		1,092,640		2,952,799		228,151

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,081		1,063		945		2,518		100
Contract terminations		—		—		2		16		—
Payable for investments purchased		2,570		—		—		505		—
Total liabilities		5,651		1,063		947		3,039		100
Net assets applicable to contracts in accumulation period		3,845,566		1,386,564		1,090,055		2,928,592		227,634
Net assets applicable to contracts in payment period		—		—		—		21,168		—
Net assets applicable to seed money		994		965		1,638		—		417
Total net assets	$	3,846,560	$	1,387,529	$	1,091,693	$	2,949,760	$	228,051
⁽¹⁾ Investment shares		407,907		176,082		82,579		221,786		12,208
⁽²⁾ Investments, at cost	$	3,908,912	$	1,626,681	$	1,097,901	$	2,761,193	$	220,003

December 31, 2023 (continued)	Col VP Select Lg Cap Val, Cl 2		Col VP Select Lg Cap Val, Cl 3		Col VP Select Mid Cap Gro, Cl 2		Col VP Select Mid Cap Gro, Cl 3		Col VP Select Mid Cap Val, Cl 2
Assets
Investments, at fair value^(1),(2)	$	3,905,366	$	793,494	$	2,408,592	$	3,329,147	$	2,768,446
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		7		—		12		1
Receivable for share redemptions		3,306		692		2,099		2,993		2,366
Total assets		3,908,672		794,193		2,410,691		3,332,152		2,770,813

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,306		619		2,096		2,940		2,363
Contract terminations		—		73		3		53		3
Payable for investments purchased		—		7		—		12		1
Total liabilities		3,306		699		2,099		3,005		2,367
Net assets applicable to contracts in accumulation period		3,904,920		793,036		2,408,083		3,298,512		2,767,878
Net assets applicable to contracts in payment period		—		—		—		30,150		—
Net assets applicable to seed money		446		458		509		485		568
Total net assets	$	3,905,366	$	793,494	$	2,408,592	$	3,329,147	$	2,768,446
⁽¹⁾ Investment shares		104,310		20,865		54,853		74,594		77,548
⁽²⁾ Investments, at cost	$	3,277,524	$	496,674	$	2,040,642	$	1,323,399	$	2,204,625

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			7

Statement of Assets and Liabilities


December 31, 2023 (continued)	Col VP Select Mid Cap Val, Cl 3		Col VP Select Sm Cap Val, Cl 2		Col VP Select Sm Cap Val, Cl 3		Col VP Sel Gbl Tech, Cl 2		Col VP Sm Cap Val, Cl 2
Assets
Investments, at fair value^(1),(2)	$	1,705,627	$	1,392,463	$	1,419,055	$	536,914	$	30,030
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		744		—		—
Receivable for share redemptions		1,304		1,231		985		380		23
Total assets		1,706,931		1,393,694		1,420,784		537,294		30,053

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,268		1,217		957		380		23
Contract terminations		36		14		28		—		—
Payable for investments purchased		—		—		744		—		—
Total liabilities		1,304		1,231		1,729		380		23
Net assets applicable to contracts in accumulation period		1,705,582		1,391,917		1,417,215		535,188		28,677
Net assets applicable to contracts in payment period		—		—		1,635		—		—
Net assets applicable to seed money		45		546		205		1,726		1,353
Total net assets	$	1,705,627	$	1,392,463	$	1,419,055	$	536,914	$	30,030
⁽¹⁾ Investment shares		47,039		41,715		41,786		22,205		2,344
⁽²⁾ Investments, at cost	$	698,302	$	1,151,541	$	739,604	$	432,090	$	28,137

December 31, 2023 (continued)	Col VP Strategic Inc, Cl 2		Col VP US Govt Mtge, Cl 2		Col VP US Govt Mtge, Cl 3		CS Commodity Return, Cl 1		CTIVP AC Div Bond, Cl 2
Assets
Investments, at fair value^(1),(2)	$	4,011,703	$	1,369,764	$	2,161,063	$	440,387	$	1,580,880
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		778		439		793		—
Receivable for share redemptions		3,580		1,143		1,511		309		1,398
Total assets		4,015,283		1,371,685		2,163,013		441,489		1,582,278

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,580		1,143		1,511		309		1,398
Contract terminations		—		—		—		—		—
Payable for investments purchased		—		778		439		793		—
Total liabilities		3,580		1,921		1,950		1,102		1,398
Net assets applicable to contracts in accumulation period		4,010,659		1,368,663		2,161,063		440,387		1,579,646
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		1,044		1,101		—		—		1,234
Total net assets	$	4,011,703	$	1,369,764	$	2,161,063	$	440,387	$	1,580,880
⁽¹⁾ Investment shares		1,099,097		153,733		242,000		24,923		172,963
⁽²⁾ Investments, at cost	$	4,391,507	$	1,532,315	$	2,495,414	$	710,255	$	1,808,157

See accompanying notes to financial statements.



8		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	CTIVP BR Gl Infl Prot Sec, Cl 2		CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP CenterSquare Real Est, Cl 2		CTIVP MFS Val, Cl 2		CTIVP MS Adv, Cl 2
Assets
Investments, at fair value^(1),(2)	$	1,431,228	$	2,413,499	$	1,131,631	$	4,911,732	$	1,262,646
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		24		3,491		—		321		—
Receivable for share redemptions		1,204		1,782		1,001		4,019		1,065
Total assets		1,432,456		2,418,772		1,132,632		4,916,072		1,263,711

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,204		1,782		925		4,019		1,065
Contract terminations		—		—		76		—		—
Payable for investments purchased		24		3,491		—		321		—
Total liabilities		1,228		5,273		1,001		4,340		1,065
Net assets applicable to contracts in accumulation period		1,430,187		2,413,364		1,130,279		4,911,081		1,261,769
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		1,041		135		1,352		651		877
Total net assets	$	1,431,228	$	2,413,499	$	1,131,631	$	4,911,732	$	1,262,646
⁽¹⁾ Investment shares		326,764		539,933		180,196		132,178		28,216
⁽²⁾ Investments, at cost	$	1,797,585	$	3,380,131	$	1,432,261	$	3,682,546	$	1,216,589

December 31, 2023 (continued)	CTIVP Prin Blue Chip Gro, Cl 1		CTIVP Prin Blue Chip Gro, Cl 2		CTIVP T Rowe Price LgCap Val, Cl 2		CTIVP TCW Core Plus Bond, Cl 2		CTIVP Vty Sycamore Estb Val, Cl 2
Assets
Investments, at fair value^(1),(2)	$	5,252,785	$	2,611,800	$	4,162,716	$	2,224,510	$	6,128,825
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		18,000		—		—		34
Receivable for share redemptions		9,417		5,442		3,518		1,652		5,063
Total assets		5,262,202		2,635,242		4,166,234		2,226,162		6,133,922

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		3,958		2,261		3,518		1,652		5,063
Contract terminations		5,459		3,181		—		—		—
Payable for investments purchased		—		18,000		—		—		34
Total liabilities		9,417		23,442		3,518		1,652		5,097
Net assets applicable to contracts in accumulation period		5,252,757		2,610,237		4,162,122		2,223,546		6,128,271
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		28		1,563		594		964		554
Total net assets	$	5,252,785	$	2,611,800	$	4,162,716	$	2,224,510	$	6,128,825
⁽¹⁾ Investment shares		89,015		45,773		122,758		237,408		137,202
⁽²⁾ Investments, at cost	$	2,115,504	$	1,816,547	$	3,258,476	$	2,349,492	$	4,333,898

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			9

Statement of Assets and Liabilities


December 31, 2023 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP Westfield Mid Cap Gro, Cl 2		Del Ivy VIP Asset Strategy, Cl II		Del VIP for Inc, Serv Cl		Del VIP Intl, Serv Cl
Assets
Investments, at fair value^(1),(2)	$	1,055,484	$	1,272,171	$	573,972	$	95,660	$	66,404
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		—
Receivable for share redemptions		803		1,435		466		75		41
Total assets		1,056,287		1,273,606		574,438		95,735		66,445

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		803		1,046		466		75		41
Contract terminations		—		389		—		—		—
Payable for investments purchased		—		—		—		—		—
Total liabilities		803		1,435		466		75		41
Net assets applicable to contracts in accumulation period		1,053,510		1,271,601		572,648		94,458		65,193
Net assets applicable to contracts in payment period		1,419		—		—		—		—
Net assets applicable to seed money		555		570		1,324		1,202		1,211
Total net assets	$	1,055,484	$	1,272,171	$	573,972	$	95,660	$	66,404
⁽¹⁾ Investment shares		23,223		29,476		65,522		17,021		3,981
⁽²⁾ Investments, at cost	$	599,014	$	743,256	$	621,767	$	89,780	$	63,818

December 31, 2023 (continued)	DWS Alt Asset Alloc VIP, Cl B		EV VT Floating-Rate Inc, Init Cl		Fid VIP Contrafund, Serv Cl 2		Fid VIP Emer Mkts, Serv Cl 2		Fid VIP Energy, Serv Cl 2
Assets
Investments, at fair value^(1),(2)	$	838,122	$	5,119,367	$	42,053,541	$	46,491	$	425,857
Dividends receivable		—		36,011		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		130		85		—		—
Receivable for share redemptions		729		3,974		36,501		45		321
Total assets		838,851		5,159,482		42,090,127		46,536		426,178

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		729		3,952		34,124		45		321
Contract terminations		—		22		2,377		—		—
Payable for investments purchased		—		36,141		85		—		—
Total liabilities		729		40,115		36,586		45		321
Net assets applicable to contracts in accumulation period		836,874		5,098,931		42,051,426		45,426		424,585
Net assets applicable to contracts in payment period		—		4,775		—		—		—
Net assets applicable to seed money		1,248		15,661		2,115		1,065		1,272
Total net assets	$	838,122	$	5,119,367	$	42,053,541	$	46,491	$	425,857
⁽¹⁾Investment shares		65,890		591,834		898,004		4,394		17,318
⁽²⁾ Investments, at cost	$	875,523	$	5,267,846	$	34,314,209	$	42,993	$	443,222

See accompanying notes to financial statements.



10		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	Fid VIP Gro & Inc, Serv Cl		Fid VIP Gro & Inc, Serv Cl 2		Fid VIP Gro Opp, Serv Cl 2		Fid VIP Intl Cap Appr, Serv Cl 2		Fid VIP Invest Gr, Serv Cl 2
Assets
Investments, at fair value^(1),(2)	$	826,940	$	7,646,412	$	668,400	$	189,584	$	1,334,802
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		18,000		15,000		—
Receivable for share redemptions		567		5,640		501		137		952
Total assets		827,507		7,652,052		686,901		204,721		1,335,754

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		567		5,601		501		137		952
Contract terminations		—		39		—		—		—
Payable for investments purchased		—		—		18,000		15,000		—
Total liabilities		567		5,640		18,501		15,137		952
Net assets applicable to contracts in accumulation period		826,940		7,474,384		666,102		188,549		1,334,058
Net assets applicable to contracts in payment period		—		170,554		—		—		—
Net assets applicable to seed money		—		1,474		2,298		1,035		744
Total net assets	$	826,940	$	7,646,412	$	668,400	$	189,584	$	1,334,802
⁽¹⁾ Investment shares		30,983		292,742		11,526		9,054		123,364
⁽²⁾ Investments, at cost	$	582,690	$	5,421,352	$	557,266	$	166,850	$	1,311,603

December 31, 2023 (continued)	Fid VIP Mid Cap, Serv Cl		Fid VIP Mid Cap, Serv Cl 2		Fid VIP Overseas, Serv Cl		Fid VIP Overseas, Serv Cl 2		Fid VIP Strategic Inc, Serv Cl 2
Assets
Investments, at fair value^(1),(2)	$	1,625,242	$	24,436,367	$	209,014	$	2,332,892	$	9,249,799
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		8		—		48		293
Receivable for share redemptions		6,417		19,877		4,717		2,471		7,569
Total assets		1,631,659		24,456,252		213,731		2,335,411		9,257,661

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,126		18,828		146		1,678		7,564
Contract terminations		5,291		1,049		4,571		793		5
Payable for investments purchased		—		8		—		48		293
Total liabilities		6,417		19,885		4,717		2,519		7,862
Net assets applicable to contracts in accumulation period		1,625,242		24,386,693		209,014		2,332,703		9,248,955
Net assets applicable to contracts in payment period		—		47,870		—		65		—
Net assets applicable to seed money		—		1,804		—		124		844
Total net assets	$	1,625,242	$	24,436,367	$	209,014	$	2,332,892	$	9,249,799
⁽¹⁾ Investment shares		45,259		704,421		8,139		91,450		893,700
⁽²⁾ Investments, at cost	$	1,417,643	$	23,172,826	$	161,456	$	1,828,175	$	9,920,890

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			11

Statement of Assets and Liabilities


December 31, 2023 (continued)	Frank Global Real Est, Cl 2		Frank Inc, Cl 2		Frank Inc, Cl 4		Frank Mutual Gbl Dis, Cl 4		Frank Mutual Shares, Cl 2
Assets
Investments, at fair value^(1),(2)	$	2,066,562	$	4,573,952	$	715,860	$	31,285	$	7,816,731
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		16
Receivable for share redemptions		2,701		4,086		580		26		10,073
Total assets		2,069,263		4,578,038		716,440		31,311		7,826,820

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,430		4,043		580		26		6,228
Contract terminations		1,271		43		—		—		3,845
Payable for investments purchased		—		—		—		—		16
Total liabilities		2,701		4,086		580		26		10,089
Net assets applicable to contracts in accumulation period		2,010,087		4,572,856		715,014		29,919		7,815,485
Net assets applicable to contracts in payment period		56,475		—		—		—		—
Net assets applicable to seed money		—		1,096		846		1,366		1,246
Total net assets	$	2,066,562	$	4,573,952	$	715,860	$	31,285	$	7,816,731
⁽¹⁾ Investment shares		164,666		322,109		48,798		1,648		509,898
⁽²⁾ Investments, at cost	$	2,547,171	$	4,814,905	$	731,397	$	30,621	$	8,618,325

December 31, 2023 (continued)	Frank Sm Cap Val, Cl 2		Frank Sm Cap Val, Cl 4		GS VIT Mid Cap Val, Inst		GS VIT Multi-Strategy Alt, Advisor		GS VIT Multi-Strategy Alt, Serv
Assets
Investments, at fair value^(1),(2)	$	7,578,688	$	408,236	$	6,555,625	$	595,281	$	94,830
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		447		—		3		—		—
Receivable for share redemptions		6,162		378		7,059		515		79
Total assets		7,585,297		408,614		6,562,687		595,796		94,909

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		5,941		378		4,584		515		79
Contract terminations		221		—		2,475		—		—
Payable for investments purchased		447		—		3		—		—
Total liabilities		6,609		378		7,062		515		79
Net assets applicable to contracts in accumulation period		7,567,741		407,204		6,488,600		594,190		93,686
Net assets applicable to contracts in payment period		9,191		—		67,025		—		—
Net assets applicable to seed money		1,756		1,032		—		1,091		1,144
Total net assets	$	7,578,688	$	408,236	$	6,555,625	$	595,281	$	94,830
⁽¹⁾ Investment shares		571,114		29,412		409,471		67,340		10,667
⁽²⁾ Investments, at cost	$	8,377,036	$	381,558	$	6,392,694	$	623,912	$	97,097

See accompanying notes to financial statements.



12		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	GS VIT Sm Cap Eq Insights, Inst		GS VIT Sm Cap Eq Insights, Serv		GS VIT U.S. Eq Insights, Inst		Invesco VI Am Fran, Ser I		Invesco VI Am Fran, Ser II
Assets
Investments, at fair value^(1),(2)	$	163,587	$	119,190	$	3,692,790	$	252,388	$	1,850,566
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		—
Receivable for share redemptions		113		101		3,117		165		3,590
Total assets		163,700		119,291		3,695,907		252,553		1,854,156

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		113		96		2,711		165		1,324
Contract terminations		—		5		406		—		2,266
Payable for investments purchased		—		—		—		—		—
Total liabilities		113		101		3,117		165		3,590
Net assets applicable to contracts in accumulation period		163,587		118,232		3,673,342		252,388		1,848,537
Net assets applicable to contracts in payment period		—		—		19,344		—		—
Net assets applicable to seed money		—		958		104		—		2,029
Total net assets	$	163,587	$	119,190	$	3,692,790	$	252,388	$	1,850,566
⁽¹⁾ Investment shares		13,321		9,834		189,083		4,281		34,779
⁽²⁾ Investments, at cost	$	163,933	$	106,951	$	3,145,997	$	224,008	$	1,758,406

December 31, 2023 (continued)	Invesco VI Bal Risk Alloc, Ser II		Invesco VI Comstock, Ser II		Invesco VI Core Eq, Ser I		Invesco VI Core Plus Bond, Ser II		Invesco VI Dis Mid Cap Gro, Ser I
Assets
Investments, at fair value^(1),(2)	$	1,323,368	$	4,181,883	$	5,424,654	$	421,924	$	677,733
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		128		33		—		—		408
Receivable for share redemptions		1,188		3,108		5,560		374		438
Total assets		1,324,684		4,185,024		5,430,214		422,298		678,579

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,188		3,017		5,398		374		438
Contract terminations		—		91		162		—		—
Payable for investments purchased		128		33		—		—		408
Total liabilities		1,316		3,141		5,560		374		846
Net assets applicable to contracts in accumulation period		1,321,911		4,180,908		5,400,989		421,110		677,733
Net assets applicable to contracts in payment period		—		—		23,665		—		—
Net assets applicable to seed money		1,457		975		—		814		—
Total net assets	$	1,323,368	$	4,181,883	$	5,424,654	$	421,924	$	677,733
⁽¹⁾ Investment shares		156,058		213,579		185,205		74,413		10,790
⁽²⁾ Investments, at cost	$	1,527,580	$	3,359,666	$	5,134,396	$	411,129	$	807,057

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			13

Statement of Assets and Liabilities


December 31, 2023 (continued)	Invesco VI Dis Mid Cap Gro, Ser II		Invesco VI Div Divd, Ser I		Invesco VI Div Divd, Ser II		Invesco VI EQV Intl Eq, Ser II		Invesco VI Global, Ser II
Assets
Investments, at fair value^(1),(2)	$	419,232	$	706,637	$	283,441	$	1,945,782	$	7,898,973
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		—
Receivable for share redemptions		321		602		215		1,490		8,691
Total assets		419,553		707,239		283,656		1,947,272		7,907,664

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		321		543		215		1,411		6,389
Contract terminations		—		59		—		79		2,302
Payable for investments purchased		—		—		—		—		—
Total liabilities		321		602		215		1,490		8,691
Net assets applicable to contracts in accumulation period		418,492		706,637		283,441		1,935,112		7,896,281
Net assets applicable to contracts in payment period		—		—		—		10,280		—
Net assets applicable to seed money		740		—		—		390		2,692
Total net assets	$	419,232	$	706,637	$	283,441	$	1,945,782	$	7,898,973
⁽¹⁾ Investment shares		7,762		29,152		11,815		58,135		222,506
⁽²⁾Investments, at cost	$	521,913	$	650,928	$	267,713	$	1,871,984	$	8,198,844

December 31, 2023 (continued)	Invesco VI Gbl Strat Inc, Ser II		Invesco VI Hlth, Ser II		Invesco VI Main St, Ser II		Invesco VI Mn St Sm Cap, Ser II		Invesco VI Tech, Ser I
Assets
Investments, at fair value^(1),(2)	$	6,451,160	$	1,333,730	$	159,613	$	6,253,621	$	1,224,872
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		1,395		4,080		—		—		—
Receivable for share redemptions		4,874		1,037		120		6,858		1,246
Total assets		6,457,429		1,338,847		159,733		6,260,479		1,226,118

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		4,874		1,037		120		5,207		832
Contract terminations		—		—		—		1,651		414
Payable for investments purchased		1,395		4,080		—		—		—
Total liabilities		6,269		5,117		120		6,858		1,246
Net assets applicable to contracts in accumulation period		6,450,442		1,326,129		159,248		6,251,456		1,224,872
Net assets applicable to contracts in payment period		—		7,468		—		—		—
Net assets applicable to seed money		718		133		365		2,165		—
Total net assets	$	6,451,160	$	1,333,730	$	159,613	$	6,253,621	$	1,224,872
⁽¹⁾ Investment shares		1,459,538		56,086		8,982		237,780		66,209
⁽²⁾ Investments, at cost	$	7,487,205	$	1,438,963	$	203,199	$	5,529,434	$	1,275,106

See accompanying notes to financial statements.



14		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	Invesco VI Tech, Ser II		Janus Henderson VIT Bal, Serv		Janus Henderson VIT Enter, Serv		Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Forty, Serv
Assets
Investments, at fair value^(1),(2)	$	502,057	$	17,021,798	$	472,295	$	2,141,245	$	176,475
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		53		—		49		—
Receivable for share redemptions		324		15,456		6,625		1,783		134
Total assets		502,381		17,037,307		478,920		2,143,077		176,609

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		324		15,454		324		1,772		134
Contract terminations		—		2		6,301		11		—
Payable for investments purchased		—		53		—		49		—
Total liabilities		324		15,509		6,625		1,832		134
Net assets applicable to contracts in accumulation period		500,669		17,019,660		472,295		2,140,419		173,452
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		1,388		2,138		—		826		3,023
Total net assets	$	502,057	$	17,021,798	$	472,295	$	2,141,245	$	176,475
⁽¹⁾ Investment shares		31,656		354,252		6,908		191,868		4,153
⁽²⁾ Investments, at cost	$	422,164	$	15,385,924	$	369,604	$	2,333,794	$	154,390

December 31, 2023 (continued)	Janus Hend VIT Gbl Tech Innov, Srv		Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Res, Serv		Lazard Ret Emer Mkts Eq, Serv		Lazard Ret Global Dyn MA, Serv
Assets
Investments, at fair value^(1),(2)	$	1,216,945	$	1,132,782	$	3,112,243	$	14,356	$	1,044,602
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		15,000		—		—		—		—
Receivable for share redemptions		5,182		839		2,753		13		989
Total assets		1,237,127		1,133,621		3,114,996		14,369		1,045,591

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		790		773		2,528		13		989
Contract terminations		4,392		66		225		—		—
Payable for investments purchased		15,000		—		—		—		—
Total liabilities		20,182		839		2,753		13		989
Net assets applicable to contracts in accumulation period		1,216,199		1,130,861		3,108,444		12,590		1,042,993
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		746		1,921		3,799		1,766		1,609
Total net assets	$	1,216,945	$	1,132,782	$	3,112,243	$	14,356	$	1,044,602
⁽¹⁾ Investment shares		75,775		28,263		72,277		689		87,195
⁽²⁾ Investments, at cost	$	861,281	$	1,000,928	$	2,434,749	$	13,617	$	1,078,200

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			15

Statement of Assets and Liabilities


December 31, 2023 (continued)	Lord Abt Bond Debenture, Cl VC		Lord Abt Short Dur Inc, Cl VC		LVIP JPM US Eq, Serv Cl		MFS Gbl Real Est, Serv Cl		MFS Intl Gro, Serv Cl
Assets
Investments, at fair value^(1),(2)	$	558,757	$	370,014	$	179,554	$	121,787	$	127,633
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		—
Receivable for share redemptions		395		316		149		97		108
Total assets		559,152		370,330		179,703		121,884		127,741

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		395		311		149		97		106
Contract terminations		—		5		—		—		2
Payable for investments purchased		—		—		—		—		—
Total liabilities		395		316		149		97		108
Net assets applicable to contracts in accumulation period		557,856		369,025		177,911		120,719		126,490
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		901		989		1,643		1,068		1,143
Total net assets	$	558,757	$	370,014	$	179,554	$	121,787	$	127,633
⁽¹⁾ Investment shares		54,143		28,397		4,856		7,645		8,845
⁽²⁾ Investments, at cost	$	569,372	$	377,300	$	156,444	$	118,033	$	117,011

December 31, 2023 (continued)	MFS Mass Inv Gro Stock, Serv Cl		MFS New Dis, Serv Cl		MFS Research Intl, Serv Cl		MFS Utilities, Serv Cl		MS VIF Dis, Cl II
Assets
Investments, at fair value^(1),(2)	$	3,435,842	$	1,484,171	$	31,962	$	6,055,262	$	3,997,962
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		48		—		660		15,073
Receivable for share redemptions		2,666		12,882		24		4,871		7,510
Total assets		3,438,508		1,497,101		31,986		6,060,793		4,020,545

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		2,530		1,015		24		4,861		3,287
Contract terminations		136		11,867		—		10		4,223
Payable for investments purchased		—		48		—		660		15,073
Total liabilities		2,666		12,930		24		5,531		22,583
Net assets applicable to contracts in accumulation period		3,435,676		1,484,099		30,690		6,053,476		3,995,832
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		166		72		1,272		1,786		2,130
Total net assets	$	3,435,842	$	1,484,171	$	31,962	$	6,055,262	$	3,997,962
⁽¹⁾ Investment shares		155,468		146,948		1,922		191,987		987,151
⁽²⁾ Investments, at cost	$	3,064,810	$	2,038,271	$	30,652	$	6,167,300	$	8,195,541

See accompanying notes to financial statements.



16		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	MS VIF Global Real Est, Cl II		NB AMT Intl Eq, Cl S		NB AMT Sus Eq, Cl S		NB AMT US Eq Index PW Strat, Cl S		PIMCO VIT All Asset, Advisor Cl
Assets
Investments, at fair value^(1),(2)	$	507,847	$	550,678	$	1,302,515	$	231,355	$	3,146,876
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		463		—		—		756
Receivable for share redemptions		449		581		1,109		191		2,451
Total assets		508,296		551,722		1,303,624		231,546		3,150,083

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		370		414		1,109		191		2,451
Contract terminations		79		167		—		—		—
Payable for investments purchased		—		463		—		—		756
Total liabilities		449		1,044		1,109		191		3,207
Net assets applicable to contracts in accumulation period		507,793		550,523		1,299,155		229,706		3,145,669
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		54		155		3,360		1,649		1,207
Total net assets	$	507,847	$	550,678	$	1,302,515	$	231,355	$	3,146,876
⁽¹⁾ Investment shares		67,354		76,589		38,893		24,534		342,052
⁽²⁾ Investments, at cost	$	592,501	$	651,749	$	1,055,416	$	230,886	$	3,552,742

December 31, 2023 (continued)	PIMCO VIT Glb Man As Alloc, Adv Cl		PIMCO VIT Tot Return, Advisor Cl		Put VT Global Hlth Care, Cl IB		Put VT Intl Eq, Cl IB		Put VT Intl Val, Cl IB
Assets
Investments, at fair value^(1),(2)	$	271,830	$	7,368,876	$	1,336,019	$	448,092	$	30,571
Dividends receivable		—		20,527		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		882		—		—		—
Receivable for share redemptions		234		6,047		1,095		293		27
Total assets		272,064		7,396,332		1,337,114		448,385		30,598

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		234		6,048		975		293		27
Contract terminations		—		—		120		—		—
Payable for investments purchased		—		21,408		—		—		—
Total liabilities		234		27,456		1,095		293		27
Net assets applicable to contracts in accumulation period		270,113		7,347,013		1,335,124		444,381		29,266
Net assets applicable to contracts in payment period		—		—		—		3,410		—
Net assets applicable to seed money		1,717		21,863		895		301		1,305
Total net assets	$	271,830	$	7,368,876	$	1,336,019	$	448,092	$	30,571
⁽¹⁾ Investment shares		28,918		802,710		82,369		29,345		2,600
⁽²⁾ Investments, at cost	$	324,398	$	8,370,865	$	1,230,187	$	388,731	$	27,239

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			17

Statement of Assets and Liabilities


December 31, 2023 (continued)	Put VT Lg Cap Val, Cl IB		Put VT Sus Fut, Cl IB		Put VT Sus Leaders, Cl IA		Put VT Sus Leaders, Cl IB		Royce Micro-Cap, Invest Cl
Assets
Investments, at fair value^(1),(2)	$	598,026	$	11,551	$	6,689,508	$	930,242	$	319,083
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		—		—
Receivable for share redemptions		555		11		6,721		929		5,093
Total assets		598,581		11,562		6,696,229		931,171		324,176

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		550		11		6,652		633		231
Contract terminations		5		—		69		296		4,862
Payable for investments purchased		—		—		—		—		—
Total liabilities		555		11		6,721		929		5,093
Net assets applicable to contracts in accumulation period		596,363		10,248		6,645,166		927,679		319,083
Net assets applicable to contracts in payment period		—		—		44,342		—		—
Net assets applicable to seed money		1,663		1,303		—		2,563		—
Total net assets	$	598,026	$	11,551	$	6,689,508	$	930,242	$	319,083
⁽¹⁾ Investment shares		20,750		782		161,699		23,491		34,796
⁽²⁾ Investments, at cost	$	560,445	$	9,729	$	5,244,435	$	762,417	$	325,207

December 31, 2023 (continued)	Temp Global Bond, Cl 2		Third Ave VST Third Ave Value		VanEck VIP Global Gold, Cl S		VP Aggr, Cl 2		VP Aggr, Cl 4
Assets
Investments, at fair value^(1),(2)	$	1,290,008	$	534,916	$	948,227	$	38,376,466	$	36,000,457
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		380		—		12		3,584		400
Receivable for share redemptions		1,108		379		774		30,617		29,246
Total assets		1,291,496		535,295		949,013		38,410,667		36,030,103

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,108		379		774		30,587		26,480
Contract terminations		—		—		—		30		2,766
Payable for investments purchased		380		—		12		3,584		400
Total liabilities		1,488		379		786		34,201		29,646
Net assets applicable to contracts in accumulation period		1,289,168		534,916		946,326		38,376,148		36,000,457
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		840		—		1,901		318		—
Total net assets	$	1,290,008	$	534,916	$	948,227	$	38,376,466	$	36,000,457
⁽¹⁾ Investment shares		100,468		22,987		113,154		1,365,225		1,278,879
⁽²⁾ Investments, at cost	$	1,537,387	$	396,824	$	964,812	$	24,930,023	$	16,965,162

See accompanying notes to financial statements.



18		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	VP Conserv, Cl 2		VP Conserv, Cl 4		VP Man Risk, Cl 2		VP Man Risk US, Cl 2		VP Man Vol Conserv, Cl 2
Assets
Investments, at fair value^(1),(2)	$	25,119,876	$	20,855,447	$	9,266,349	$	31,479,853	$	39,367,773
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		1,438		400		—		—		—
Receivable for share redemptions		36,204		17,714		7,301		24,924		77,305
Total assets		25,157,518		20,873,561		9,273,650		31,504,777		39,445,078

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		20,930		16,805		7,301		24,868		32,406
Contract terminations		15,274		909		—		56		44,899
Payable for investments purchased		1,438		400		—		—		—
Total liabilities		37,642		18,114		7,301		24,924		77,305
Net assets applicable to contracts in accumulation period		25,119,164		20,855,364		9,265,926		31,479,410		39,367,502
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		712		83		423		443		271
Total net assets	$	25,119,876	$	20,855,447	$	9,266,349	$	31,479,853	$	39,367,773
⁽¹⁾ Investment shares		1,633,282		1,356,893		733,097		2,232,614		3,087,668
⁽²⁾ Investments, at cost	$	22,634,006	$	17,632,520	$	7,984,593	$	27,515,646	$	37,172,570

December 31, 2023 (continued)	VP Man Vol Conserv Gro, Cl 2		VP Man Vol Gro, Cl 2		VP Man Vol Mod Gro, Cl 2		VP Mod, Cl 2		VP Mod, Cl 4
Assets
Investments, at fair value^(1),(2)	$	74,787,741	$	584,260,375	$	828,768,870	$	409,453,401	$	320,952,269
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		—		4,182		5,717
Receivable for share redemptions		79,646		505,461		726,583		495,005		295,565
Total assets		74,867,387		584,765,836		829,495,453		409,952,588		321,253,551

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		62,023		462,151		675,252		333,513		243,196
Contract terminations		17,623		43,310		51,331		161,492		52,369
Payable for investments purchased		—		—		—		4,182		5,717
Total liabilities		79,646		505,461		726,583		499,187		301,282
Net assets applicable to contracts in accumulation period		74,787,427		584,260,122		828,768,722		409,244,957		320,952,269
Net assets applicable to contracts in payment period		—		—		—		208,213		—
Net assets applicable to seed money		314		253		148		231		—
Total net assets	$	74,787,741	$	584,260,375	$	828,768,870	$	409,453,401	$	320,952,269
⁽¹⁾ Investment shares		5,300,336		33,968,626		48,437,690		19,097,640		14,948,871
⁽²⁾ Investments, at cost	$	64,280,293	$	427,955,707	$	597,737,374	$	277,713,179	$	172,158,680

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			19

Statement of Assets and Liabilities


December 31, 2023 (continued)	VP Mod Aggr, Cl 2		VP Mod Aggr, Cl 4		VP Mod Conserv, Cl 2		VP Mod Conserv, Cl 4		VP Ptnrs Core Bond, Cl 2
Assets
Investments, at fair value^(1),(2)	$	149,960,178	$	90,878,217	$	64,998,263	$	53,039,228	$	1,434,137
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		3,355		105		1,025		75		—
Receivable for share redemptions		123,936		70,070		64,409		45,380		1,206
Total assets		150,087,469		90,948,392		65,063,697		53,084,683		1,435,343

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		120,723		68,626		53,822		40,919		1,206
Contract terminations		3,213		1,444		10,587		4,461		—
Payable for investments purchased		3,355		105		1,025		75		—
Total liabilities		127,291		70,175		65,434		45,455		1,206
Net assets applicable to contracts in accumulation period		149,869,642		90,878,165		64,809,489		53,039,203		1,432,754
Net assets applicable to contracts in payment period		90,284		—		188,175		—		—
Net assets applicable to seed money		252		52		599		25		1,383
Total net assets	$	149,960,178	$	90,878,217	$	64,998,263	$	53,039,228	$	1,434,137
⁽¹⁾ Investment shares		6,108,358		3,695,739		3,591,064		2,925,495		148,155
⁽²⁾ Investments, at cost	$	97,102,364	$	45,535,247	$	50,096,224	$	34,355,027	$	1,567,186

December 31, 2023 (continued)	VP Ptnrs Core Eq, Cl 2		VP Ptnrs Core Eq, Cl 3		VP Ptnrs Intl Core Eq, Cl 2		VP Ptnrs Intl Gro, Cl 2		VP Ptnrs Intl Val, Cl 2
Assets
Investments, at fair value^(1),(2)	$	682,618	$	1,209,453	$	1,289,954	$	2,301,567	$	1,703,497
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		18,000		—		—		273		92
Receivable for share redemptions		484		1,166		1,058		1,975		1,472
Total assets		701,102		1,210,619		1,291,012		2,303,815		1,705,061

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		484		906		1,057		1,975		1,472
Contract terminations		—		260		1		—		—
Payable for investments purchased		18,000		—		—		273		92
Total liabilities		18,484		1,166		1,058		2,248		1,564
Net assets applicable to contracts in accumulation period		682,075		1,209,366		1,288,498		2,300,171		1,702,171
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		543		87		1,456		1,396		1,326
Total net assets	$	682,618	$	1,209,453	$	1,289,954	$	2,301,567	$	1,703,497
⁽¹⁾ Investment shares		18,930		33,018		127,718		202,781		170,520
⁽²⁾ Investments, at cost	$	524,299	$	379,143	$	1,354,075	$	2,454,337	$	1,629,833

See accompanying notes to financial statements.



20		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Assets and Liabilities


December 31, 2023 (continued)	VP Ptnrs Sm Cap Gro, Cl 2		VP Ptnrs Sm Cap Val, Cl 2		VP Ptnrs Sm Cap Val, Cl 3		VP US Flex Conserv Gro, Cl 2		VP US Flex Gro, Cl 2
Assets
Investments, at fair value^(1),(2)	$	1,722,593	$	959,567	$	2,670,039	$	23,909,274	$	243,009,174
Dividends receivable		—		—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments		—		—		533		99		—
Receivable for share redemptions		1,512		806		1,995		19,871		204,343
Total assets		1,724,105		960,373		2,672,567		23,929,244		243,213,517

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee		1,460		806		1,902		19,871		193,308
Contract terminations		52		—		93		—		11,035
Payable for investments purchased		—		—		533		99		—
Total liabilities		1,512		806		2,528		19,970		204,343
Net assets applicable to contracts in accumulation period		1,722,135		958,877		2,669,991		23,908,929		243,008,846
Net assets applicable to contracts in payment period		—		—		—		—		—
Net assets applicable to seed money		458		690		48		345		328
Total net assets	$	1,722,593	$	959,567	$	2,670,039	$	23,909,274	$	243,009,174
⁽¹⁾Investment shares		61,368		27,276		74,645		1,800,397		14,936,028
⁽²⁾ Investments, at cost	$	1,532,485	$	784,545	$	1,279,306	$	21,850,804	$	197,642,495

December 31, 2023 (continued)			VP US Flex Mod Gro, Cl 2		Wanger Acorn		Wanger Intl		WA Var Global Hi Yd Bond, Cl II
Assets
Investments, at fair value^(1),(2)			$	136,106,697	$	8,405,680	$	5,634,252	$	529,750
Dividends receivable				—		—		—		—
Accounts receivable from RiverSource Life of NY for contract purchase payments				—		15,325		659		—
Receivable for share redemptions				117,249		5,981		8,015		467
Total assets				136,223,946		8,426,986		5,642,926		530,217

Liabilities
Payable to RiverSource Life of NY for:
Mortality and expense risk fee				110,486		5,837		3,970		444
Contract terminations				6,763		144		4,045		23
Payable for investments purchased				—		15,325		659		—
Total liabilities				117,249		21,306		8,674		467
Net assets applicable to contracts in accumulation period				136,106,360		8,380,218		5,618,420		528,549
Net assets applicable to contracts in payment period				—		24,907		15,102		—
Net assets applicable to seed money				337		555		730		1,201
Total net assets			$	136,106,697	$	8,405,680	$	5,634,252	$	529,750
⁽¹⁾ Investment shares				9,208,843		630,584		276,460		84,625
⁽²⁾ Investments, at cost			$	116,201,988	$	12,563,345	$	6,795,792	$	618,836

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			21

Statement of Operations


Year ended December 31, 2023	AB VPS Dyn Asset Alloc, Cl B			AB VPS Intl Val, Cl B			AB VPS Lg Cap Gro, Cl B			AB VPS Relative Val, Cl B			AB VPS Sus Gbl Thematic, Cl B
Investment income
Dividend income	$	4,211		$	24,740		$	—		$	59,973		$	126
Variable account expenses		10,773			31,626			92,185			41,172			4,021
Investment income (loss) — net		(6,562	)		(6,886	)		(92,185	)		18,801			(3,895	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		580,287			488,936			1,367,114			633,141			65,283
Cost of investments sold		600,641			512,038			1,351,108			597,643			55,640
Net realized gain (loss) on sales of investments		(20,354	)		(23,102	)		16,006			35,498			9,643
Distributions from capital gains		—			—			624,964			378,823			27,180
Net change in unrealized appreciation (depreciation) of investments		147,299			499,229			1,874,688			36,123			28,216
Net gain (loss) on investments		126,945			476,127			2,515,658			450,444			65,039
Net increase (decrease) in net assets resulting from operations	$	120,383		$	469,241		$	2,423,473		$	469,245		$	61,144

Year ended December 31, 2023 (continued)	Allspg VT Index Asset Alloc, Cl 2			Allspg VT Intl Eq, Cl 2			Allspg VT Opp, Cl 2			Allspg VT Sm Cap Gro, Cl 2			ALPS Alerian Engy Infr, Class III
Investment income
Dividend income	$	20,718		$	12,998		$	—		$	—		$	59,620
Variable account expenses		18,185			8,153			22,783			41,707			20,598
Investment income (loss) — net		2,533			4,845			(22,783	)		(41,707	)		39,022

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		106,665			172,695			208,952			516,883			334,290
Cost of investments sold		103,343			258,054			201,254			678,071			282,053
Net realized gain (loss) on sales of investments		3,322			(85,359	)		7,698			(161,188	)		52,237
Distributions from capital gains		67,118			—			205,641			—			21,356
Net change in unrealized appreciation (depreciation) of investments		244,747			204,361			343,605			333,580			125,529
Net gain (loss) on investments		315,187			119,002			556,944			172,392			199,122
Net increase (decrease) in net assets resulting from operations	$	317,720		$	123,847		$	534,161		$	130,685		$	238,144

Year ended December 31, 2023 (continued)	AC VP Intl, Cl I			AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl I
Investment income
Dividend income	$	2,698		$	8,642		$	50,248		$	—		$	13,485
Variable account expenses		1,693			6,024			22,368			23,247			4,680
Investment income (loss) — net		1,005			2,618			27,880			(23,247	)		8,805

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		47,003			116,541			178,018			355,761			143,430
Cost of investments sold		43,218			110,411			172,820			322,420			111,200
Net realized gain (loss) on sales of investments		3,785			6,130			5,198			33,341			32,230
Distributions from capital gains		—			—			244,080			176,389			45,814
Net change in unrealized appreciation (depreciation) of investments		15,721			70,088			(154,742	)		655,251			(50,028	)
Net gain (loss) on investments		19,506			76,218			94,536			864,981			28,016
Net increase (decrease) in net assets resulting from operations	$	20,511		$	78,836		$	122,416		$	841,734		$	36,821

See accompanying notes to financial statements.



22		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	AC VP Val, Cl II			BlackRock Adv SMID Cap VI, Cl III			BlackRock Global Alloc, Cl III			BNY Mellon Sus US Eq, Serv			Calvert VP EAFE Intl Index, Cl F
Investment income
Dividend income	$	292,403		$	5,162		$	149,392		$	16		$	9,496
Variable account expenses		132,812			1,844			60,343			276			2,910
Investment income (loss) — net		159,591			3,318			89,049			(260	)		6,586

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		1,470,968			3,497			798,221			1,584			13,966
Cost of investments sold		1,244,952			3,363			938,314			1,625			12,889
Net realized gain (loss) on sales of investments		226,016			134			(140,093	)		(41	)		1,077
Distributions from capital gains		1,012,555			—			—			347			—
Net change in unrealized appreciation (depreciation) of investments		(398,697	)		30,279			669,172			4,647			32,821
Net gain (loss) on investments		839,874			30,413			529,079			4,953			33,898
Net increase (decrease) in net assets resulting from operations	$	999,465		$	33,731		$	618,128		$	4,693		$	40,484

Year ended December 31, 2023 (continued)	Calvert VP Nasdaq 100 Index, Cl F			Calv VP Russ 2000 Sm Cap Ind, Cl F			Calvert VP SRI Bal, Cl F			Calvert VP SRI Bal, Cl I			CB Var Sm Cap Gro, Cl I
Investment income
Dividend income	$	5,438		$	3,930		$	4,373		$	25,901		$	—
Variable account expenses		12,862			4,045			1,989			12,391			4,011
Investment income (loss) — net		(7,424	)		(115	)		2,384			13,510			(4,011	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		107,481			13,962			5,651			78,276			30,151
Cost of investments sold		98,720			14,200			5,467			74,047			30,775
Net realized gain (loss) on sales of investments		8,761			(238	)		184			4,229			(624	)
Distributions from capital gains		—			250			1,048			6,205			—
Net change in unrealized appreciation (depreciation) of investments		498,642			57,714			27,263			210,821			37,849
Net gain (loss) on investments		507,403			57,726			28,495			221,255			37,225
Net increase (decrease) in net assets resulting from operations	$	499,979		$	57,611		$	30,879		$	234,765		$	33,214

Year ended December 31, 2023 (continued)	Col VP Bal, Cl 2			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 2
Investment income
Dividend income	$	—		$	—		$	139,652		$	—		$	—
Variable account expenses		111,562			495,708			6,757			54,805			28,152
Investment income (loss) — net		(111,562	)		(495,708	)		132,895			(54,805	)		(28,152	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		392,777			6,511,175			80,027			417,056			227,443
Cost of investments sold		390,290			4,789,967			97,843			296,941			179,193
Net realized gain (loss) on sales of investments		2,487			1,721,208			(17,816	)		120,115			48,250
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,982,784			7,080,798			(167,973	)		1,265,689			501,218
Net gain (loss) on investments		1,985,271			8,802,006			(185,789	)		1,385,804			549,468
Net increase (decrease) in net assets resulting from operations	$	1,873,709		$	8,306,298		$	(52,894	)	$	1,330,999		$	521,316

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			23

Statement of Operations


Year ended December 31, 2023 (continued)	Col VP Disciplined Core, Cl 3			Col VP Divd Opp, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	54,814		$	—
Variable account expenses		186,535			59,419			193,704			10,696			26,257
Investment income (loss) — net		(186,535	)		(59,419	)		(193,704	)		44,118			(26,257	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		2,074,675			614,190			2,053,454			143,330			295,781
Cost of investments sold		701,084			515,032			831,602			178,802			468,682
Net realized gain (loss) on sales of investments		1,373,591			99,158			1,221,852			(35,472	)		(172,901	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		2,312,109			182,549			(300,724	)		81,565			389,159
Net gain (loss) on investments		3,685,700			281,707			921,128			46,093			216,258
Net increase (decrease) in net assets resulting from operations	$	3,499,165		$	222,288		$	727,424		$	90,211		$	190,001

Year ended December 31, 2023 (continued)	Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 2			Col VP Global Strategic Inc, Cl 3			Col VP Govt Money Mkt, Cl 2			Col VP Govt Money Mkt, Cl 3
Investment income
Dividend income	$	—		$	30,858		$	80,650		$	649,012		$	345,550
Variable account expenses		40,340			11,462			23,911			146,185			73,867
Investment income (loss) — net		(40,340	)		19,396			56,739			502,827			271,683

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		505,495			48,254			349,298			4,846,613			1,964,644
Cost of investments sold		724,693			55,238			467,702			4,846,612			1,964,636
Net realized gain (loss) on sales of investments		(219,198	)		(6,984	)		(118,404	)		1			8
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		574,152			69,079			268,548			(1	)		(7	)
Net gain (loss) on investments		354,954			62,095			150,144			—			1
Net increase (decrease) in net assets resulting from operations	$	314,614		$	81,491		$	206,883		$	502,827		$	271,684

Year ended December 31, 2023 (continued)	Col VP Hi Yield Bond, Cl 2			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 2			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 2
Investment income
Dividend income	$	212,709		$	276,709		$	181,402		$	213,701		$	111,848
Variable account expenses		42,143			52,212			39,086			40,030			57,092
Investment income (loss) — net		170,566			224,497			142,316			173,671			54,756

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		619,032			696,869			956,621			559,250			548,357
Cost of investments sold		669,810			780,306			1,120,251			721,989			664,221
Net realized gain (loss) on sales of investments		(50,778	)		(83,437	)		(163,630	)		(162,739	)		(115,864	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		284,926			404,501			383,062			406,284			332,234
Net gain (loss) on investments		234,148			321,064			219,432			243,545			216,370
Net increase (decrease) in net assets resulting from operations	$	404,714		$	545,561		$	361,748		$	417,216		$	271,126

See accompanying notes to financial statements.



24		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 2			Col VP Lg Cap Gro, Cl 3			Col VP Lg Cap Index, Cl 2			Col VP Lg Cap Index, Cl 3
Investment income
Dividend income	$	244,482		$	—		$	—		$	—		$	—
Variable account expenses		107,467			67,262			34,007			148,875			659,629
Investment income (loss) — net		137,015			(67,262	)		(34,007	)		(148,875	)		(659,629	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		1,526,086			756,072			569,651			852,028			5,495,697
Cost of investments sold		1,905,162			608,004			199,624			837,651			3,500,188
Net realized gain (loss) on sales of investments		(379,076	)		148,068			370,027			14,377			1,995,509
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		786,735			2,058,514			1,005,228			3,361,629			12,945,606
Net gain (loss) on investments		407,659			2,206,582			1,375,255			3,376,006			14,941,115
Net increase (decrease) in net assets resulting from operations	$	544,674		$	2,139,320		$	1,341,248		$	3,227,131		$	14,281,486

Year ended December 31, 2023 (continued)	Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/ Cr Bond, Cl 2			Col VP Overseas Core, Cl 2			Col VP Overseas Core, Cl 3			Col VP Select Lg Cap Eq, Cl 2
Investment income
Dividend income	$	124,576		$	38,335		$	15,293		$	51,631		$	—
Variable account expenses		40,426			11,956			10,750			30,966			332
Investment income (loss) — net		84,150			26,379			4,543			20,665			(332	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		871,385			122,954			161,147			413,639			21,281
Cost of investments sold		912,168			164,524			171,056			416,468			19,292
Net realized gain (loss) on sales of investments		(40,783	)		(41,570	)		(9,909	)		(2,829	)		1,989
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		169,868			93,616			131,669			360,949			8,081
Net gain (loss) on investments		129,085			52,046			121,760			358,120			10,070
Net increase (decrease) in net assets resulting from operations	$	213,235		$	78,425		$	126,303		$	378,785		$	9,738

Year ended December 31, 2023 (continued)	Col VP Select Lg Cap Val, Cl 2			Col VP Select Lg Cap Val, Cl 3			Col VP Select Mid Cap Gro, Cl 2			Col VP Select Mid Cap Gro, Cl 3			Col VP Select Mid Cap Val, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		38,783			8,700			21,139			35,009			22,849
Investment income (loss) — net		(38,783	)		(8,700	)		(21,139	)		(35,009	)		(22,849	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		723,141			293,278			232,744			516,679			245,911
Cost of investments sold		673,757			207,157			203,645			232,760			197,785
Net realized gain (loss) on sales of investments		49,384			86,121			29,099			283,919			48,126
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		140,819			(42,468	)		439,476			424,136			233,349
Net gain (loss) on investments		190,203			43,653			468,575			708,055			281,475
Net increase (decrease) in net assets resulting from operations	$	151,420		$	34,953		$	447,436		$	673,046		$	258,626

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			25

Statement of Operations


Year ended December 31, 2023 (continued)	Col VP Select Mid Cap Val, Cl 3			Col VP Select Sm Cap Val, Cl 2			Col VP Select Sm Cap Val, Cl 3			Col VP Sel Gbl Tech, Cl 2			Col VP Sm Cap Val, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	62
Variable account expenses		15,513			13,882			12,315			3,046			191
Investment income (loss) — net		(15,513	)		(13,882	)		(12,315	)		(3,046	)		(129	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		252,637			269,707			193,187			4,611			2,794
Cost of investments sold		114,088			261,667			97,309			4,145			2,742
Net realized gain (loss) on sales of investments		138,549			8,040			95,878			466			52
Distributions from capital gains		—			—			—			18,982			1,062
Net change in unrealized appreciation (depreciation) of investments		23,964			149,495			71,395			107,837			2,401
Net gain (loss) on investments		162,513			157,535			167,273			127,285			3,515
Net increase (decrease) in net assets resulting from operations	$	147,000		$	143,653		$	154,958		$	124,239		$	3,386

Year ended December 31, 2023 (continued)	Col VP Strategic Inc, Cl 2			Col VP US Govt Mtge, Cl 2			Col VP US Govt Mtge, Cl 3			CS Commodity Return, Cl 1			CTIVP AC Div Bond, Cl 2
Investment income
Dividend income	$	121,817		$	39,480		$	56,292		$	107,739		$	46,671
Variable account expenses		39,572			15,898			18,683			4,443			16,584
Investment income (loss) — net		82,245			23,582			37,609			103,296			30,087

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		487,591			346,057			178,128			116,906			121,734
Cost of investments sold		563,890			421,407			212,337			180,667			145,328
Net realized gain (loss) on sales of investments		(76,299	)		(75,350	)		(34,209	)		(63,761	)		(23,594	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		273,873			99,206			93,371			(92,011	)		54,617
Net gain (loss) on investments		197,574			23,856			59,162			(155,772	)		31,023
Net increase (decrease) in net assets resulting from operations	$	279,819		$	47,438		$	96,771		$	(52,476	)	$	61,110

Year ended December 31, 2023 (continued)	CTIVP BR Gl Infl Prot Sec, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP CenterSquare Real Est, Cl 2			CTIVP MFS Val, Cl 2			CTIVP MS Adv, Cl 2
Investment income
Dividend income	$	127,906		$	223,277		$	18,569		$	—		$	—
Variable account expenses		15,857			23,323			10,504			48,723			12,361
Investment income (loss) — net		112,049			199,954			8,065			(48,723	)		(12,361	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		315,450			475,382			50,120			869,429			161,883
Cost of investments sold		387,209			669,310			68,904			655,159			187,186
Net realized gain (loss) on sales of investments		(71,759	)		(193,928	)		(18,784	)		214,270			(25,303	)
Distributions from capital gains		—			—			71,581			—			—
Net change in unrealized appreciation (depreciation) of investments		279			63,605			62,955			143,529			328,917
Net gain (loss) on investments		(71,480	)		(130,323	)		115,752			357,799			303,614
Net increase (decrease) in net assets resulting from operations	$	40,569		$	69,631		$	123,817		$	309,076		$	291,253

See accompanying notes to financial statements.



26		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	CTIVP Prin Blue Chip Gro, Cl 1			CTIVP Prin Blue Chip Gro, Cl 2			CTIVP T Rowe Price LgCap Val, Cl 2			CTIVP TCW Core Plus Bond, Cl 2			CTIVP Vty Sycamore Estb Val, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	46,160		$	—
Variable account expenses		46,344			24,351			40,774			18,972			58,146
Investment income (loss) — net		(46,344	)		(24,351	)		(40,774	)		27,188			(58,146	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		1,066,789			375,393			373,594			131,061			680,511
Cost of investments sold		508,180			303,733			309,256			150,037			497,406
Net realized gain (loss) on sales of investments		558,609			71,660			64,338			(18,976	)		183,105
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,084,078			660,594			285,769			84,506			340,293
Net gain (loss) on investments		1,642,687			732,254			350,107			65,530			523,398
Net increase (decrease) in net assets resulting from operations	$	1,596,343		$	707,903		$	309,333		$	92,718		$	465,252

Year ended December 31, 2023 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP Westfield Mid Cap Gro, Cl 2			Del Ivy VIP Asset Strategy, Cl II			Del VIP for Inc, Serv Cl			Del VIP Intl, Serv Cl
Investment income
Dividend income	$	—		$	—		$	11,693		$	2,532		$	15
Variable account expenses		9,844			11,855			5,743			644			82
Investment income (loss) — net		(9,844	)		(11,855	)		5,950			1,888			(67	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		115,665			122,219			56,780			1,181			1,800
Cost of investments sold		74,946			82,861			66,433			1,169			1,768
Net realized gain (loss) on sales of investments		40,719			39,358			(9,653	)		12			32
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		56,821			218,599			70,054			6,183			2,700
Net gain (loss) on investments		97,540			257,957			60,401			6,195			2,732
Net increase (decrease) in net assets resulting from operations	$	87,696		$	246,102		$	66,351		$	8,083		$	2,665

Year ended December 31, 2023 (continued)	DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2			Fid VIP Emer Mkts, Serv Cl 2			Fid VIP Energy, Serv Cl 2
Investment income
Dividend income	$	53,483		$	385,284		$	100,256		$	861		$	8,417
Variable account expenses		9,146			45,426			390,773			445			2,510
Investment income (loss) — net		44,337			339,858			(290,517	)		416			5,907

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		121,787			770,780			5,737,482			3,290			10,475
Cost of investments sold		131,072			815,069			5,109,996			2,829			9,655
Net realized gain (loss) on sales of investments		(9,285	)		(44,289	)		627,486			461			820
Distributions from capital gains		7,582			—			1,407,442			—			—
Net change in unrealized appreciation (depreciation) of investments		(7,199	)		157,733			8,626,495			1,762			(22,198	)
Net gain (loss) on investments		(8,902	)		113,444			10,661,423			2,223			(21,378	)
Net increase (decrease) in net assets resulting from operations	$	35,435		$	453,302		$	10,370,906		$	2,639		$	(15,471	)

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			27

Statement of Operations


Year ended December 31, 2023 (continued)	Fid VIP Gro & Inc, Serv Cl			Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Gro Opp, Serv Cl 2			Fid VIP Intl Cap Appr, Serv Cl 2			Fid VIP Invest Gr, Serv Cl 2
Investment income
Dividend income	$	12,273		$	107,230		$	—		$	251		$	26,255
Variable account expenses		7,087			63,354			3,278			934			5,258
Investment income (loss) — net		5,186			43,876			(3,278	)		(683	)		20,997

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		229,000			823,784			40,427			15,680			5,426
Cost of investments sold		160,842			570,103			37,572			14,596			5,435
Net realized gain (loss) on sales of investments		68,158			253,681			2,855			1,084			(9	)
Distributions from capital gains		29,642			280,264			—			—			—
Net change in unrealized appreciation (depreciation) of investments		27,096			537,913			112,859			21,953			24,567
Net gain (loss) on investments		124,896			1,071,858			115,714			23,037			24,558
Net increase (decrease) in net assets resulting from operations	$	130,082		$	1,115,734		$	112,436		$	22,354		$	45,555

Year ended December 31, 2023 (continued)	Fid VIP Mid Cap, Serv Cl			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2
Investment income
Dividend income	$	7,918		$	89,124		$	1,909		$	17,682		$	382,399
Variable account expenses		13,355			222,217			1,726			20,202			91,469
Investment income (loss) — net		(5,437	)		(133,093	)		183			(2,520	)		290,930

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		153,332			2,822,710			16,898			357,850			1,997,686
Cost of investments sold		144,561			2,869,991			13,935			304,419			2,202,995
Net realized gain (loss) on sales of investments		8,771			(47,281	)		2,963			53,431			(205,309	)
Distributions from capital gains		42,835			663,372			535			5,924			—
Net change in unrealized appreciation (depreciation) of investments		155,049			2,455,762			31,921			336,920			608,020
Net gain (loss) on investments		206,655			3,071,853			35,419			396,275			402,711
Net increase (decrease) in net assets resulting from operations	$	201,218		$	2,938,760		$	35,602		$	393,755		$	693,641

Year ended December 31, 2023 (continued)	Frank Global Real Est, Cl 2			Frank Inc, Cl 2			Frank Inc, Cl 4			Frank Mutual Gbl Dis, Cl 4			Frank Mutual Shares, Cl 2
Investment income
Dividend income	$	57,487		$	218,250		$	24,437		$	270		$	141,466
Variable account expenses		17,335			49,286			5,663			134			77,965
Investment income (loss) — net		40,152			168,964			18,774			136			63,501

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		238,932			669,767			36,058			144			1,307,759
Cost of investments sold		324,520			694,916			38,745			149			1,439,677
Net realized gain (loss) on sales of investments		(85,588	)		(25,149	)		(2,687	)		(5	)		(131,918	)
Distributions from capital gains		—			264,589			30,110			621			651,128
Net change in unrealized appreciation (depreciation) of investments		239,357			(90,216	)		(8,510	)		2,138			327,443
Net gain (loss) on investments		153,769			149,224			18,913			2,754			846,653
Net increase (decrease) in net assets resulting from operations	$	193,921		$	318,188		$	37,687		$	2,890		$	910,154

See accompanying notes to financial statements.



28		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	Frank Sm Cap Val, Cl 2			Frank Sm Cap Val, Cl 4			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor			GS VIT Multi-Strategy Alt, Serv
Investment income
Dividend income	$	37,503		$	668		$	63,336		$	37,335		$	6,043
Variable account expenses		71,325			2,328			54,617			6,263			453
Investment income (loss) — net		(33,822	)		(1,660	)		8,719			31,072			5,590

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		790,082			12,091			424,641			38,195			2,345
Cost of investments sold		950,487			11,589			436,050			39,046			2,389
Net realized gain (loss) on sales of investments		(160,405	)		502			(11,409	)		(851	)		(44	)
Distributions from capital gains		406,573			8,450			155,995			—			—
Net change in unrealized appreciation (depreciation) of investments		582,734			25,314			475,554			5,710			(1,682	)
Net gain (loss) on investments		828,902			34,266			620,140			4,859			(1,726	)
Net increase (decrease) in net assets resulting from operations	$	795,080		$	32,606		$	628,859		$	35,931		$	3,864

Year ended December 31, 2023 (continued)	GS VIT Sm Cap Eq Insights, Inst			GS VIT Sm Cap Eq Insights, Serv			GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser I			Invesco VI Am Fran, Ser II
Investment income
Dividend income	$	1,536		$	880		$	24,375		$	—		$	—
Variable account expenses		1,302			637			32,686			1,957			15,356
Investment income (loss) — net		234			243			(8,311	)		(1,957	)		(15,356	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		10,728			3,926			560,832			149,678			257,956
Cost of investments sold		11,422			3,901			522,403			162,730			284,598
Net realized gain (loss) on sales of investments		(694	)		25			38,429			(13,052	)		(26,642	)
Distributions from capital gains		—			—			—			4,991			40,602
Net change in unrealized appreciation (depreciation) of investments		26,428			13,509			703,530			96,872			551,630
Net gain (loss) on investments		25,734			13,534			741,959			88,811			565,590
Net increase (decrease) in net assets resulting from operations	$	25,968		$	13,777		$	733,648		$	86,854		$	550,234

Year ended December 31, 2023 (continued)	Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Core Eq, Ser I			Invesco VI Core Plus Bond, Ser II			Invesco VI Dis Mid Cap Gro, Ser I
Investment income
Dividend income	$	—		$	63,997		$	38,085		$	9,146		$	—
Variable account expenses		13,956			36,854			65,165			2,636			5,185
Investment income (loss) — net		(13,956	)		27,143			(27,080	)		6,510			(5,185	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		136,948			550,705			539,960			4,681			18,284
Cost of investments sold		168,907			419,137			549,929			4,737			23,443
Net realized gain (loss) on sales of investments		(31,959	)		131,568			(9,969	)		(56	)		(5,159	)
Distributions from capital gains		—			460,890			122,902			—			—
Net change in unrealized appreciation (depreciation) of investments		110,487			(182,222	)		931,919			12,193			84,557
Net gain (loss) on investments		78,528			410,236			1,044,852			12,137			79,398
Net increase (decrease) in net assets resulting from operations	$	64,572		$	437,379		$	1,017,772		$	18,647		$	74,213

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			29

Statement of Operations


Year ended December 31, 2023 (continued)	Invesco VI Dis Mid Cap Gro, Ser II			Invesco VI Div Divd, Ser I			Invesco VI Div Divd, Ser II			Invesco VI EQV Intl Eq, Ser II			Invesco VI Global, Ser II
Investment income
Dividend income	$	—		$	13,537		$	4,727		$	—		$	—
Variable account expenses		3,842			6,403			2,664			17,232			76,225
Investment income (loss) — net		(3,842	)		7,134			2,063			(17,232	)		(76,225	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		27,960			17,670			43,023			311,817			1,487,155
Cost of investments sold		38,063			16,401			39,077			329,747			1,600,783
Net realized gain (loss) on sales of investments		(10,103	)		1,269			3,946			(17,930	)		(113,628	)
Distributions from capital gains		—			55,749			22,454			1,402			857,611
Net change in unrealized appreciation (depreciation) of investments		58,439			(11,503	)		(7,923	)		323,453			1,440,402
Net gain (loss) on investments		48,336			45,515			18,477			306,925			2,184,385
Net increase (decrease) in net assets resulting from operations	$	44,494		$	52,649		$	20,540		$	289,693		$	2,108,160

Year ended December 31, 2023 (continued)	Invesco VI Gbl Strat Inc, Ser II			Invesco VI Hlth, Ser II			Invesco VI Main St, Ser II			Invesco VI Mn St Sm Cap, Ser II			Invesco VI Tech, Ser I
Investment income
Dividend income	$	—		$	—		$	732		$	53,750		$	—
Variable account expenses		60,941			13,139			1,451			58,372			9,002
Investment income (loss) — net		(60,941	)		(13,139	)		(719	)		(4,622	)		(9,002	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		685,924			217,172			21,670			498,367			87,087
Cost of investments sold		836,917			243,876			28,091			482,670			103,153
Net realized gain (loss) on sales of investments		(150,993	)		(26,704	)		(6,421	)		15,697			(16,066	)
Distributions from capital gains		—			—			10,459			—			—
Net change in unrealized appreciation (depreciation) of investments		679,215			61,374			27,416			866,147			415,368
Net gain (loss) on investments		528,222			34,670			31,454			881,844			399,302
Net increase (decrease) in net assets resulting from operations	$	467,281		$	21,531		$	30,735		$	877,222		$	390,300

Year ended December 31, 2023 (continued)	Invesco VI Tech, Ser II			Janus Henderson VIT Bal, Serv			Janus Henderson VIT Enter, Serv			Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Forty, Serv
Investment income
Dividend income	$	—		$	274,420		$	417		$	67,446		$	175
Variable account expenses		2,229			173,922			4,035			18,453			943
Investment income (loss) — net		(2,229	)		100,498			(3,618	)		48,993			(768	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		11,011			1,217,852			58,557			240,616			9,991
Cost of investments sold		9,754			1,157,301			50,509			272,108			9,298
Net realized gain (loss) on sales of investments		1,257			60,551			8,048			(31,492	)		693
Distributions from capital gains		—			—			36,536			—			—
Net change in unrealized appreciation (depreciation) of investments		89,369			1,773,574			30,586			64,531			23,744
Net gain (loss) on investments		90,626			1,834,125			75,170			33,039			24,437
Net increase (decrease) in net assets resulting from operations	$	88,397		$	1,934,623		$	71,552		$	82,032		$	23,669

See accompanying notes to financial statements.



30		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	Janus Hend VIT Gbl Tech Innov, Srv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv			Lazard Ret Emer Mkts Eq, Serv			Lazard Ret Global Dyn MA, Serv
Investment income
Dividend income	$	—		$	15,159		$	1,700		$	495		$	—
Variable account expenses		8,050			9,143			28,698			67			11,905
Investment income (loss) — net		(8,050	)		6,016			(26,998	)		428			(11,905	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		124,406			160,344			642,901			182			71,170
Cost of investments sold		107,817			143,451			565,408			189			76,220
Net realized gain (loss) on sales of investments		16,589			16,893			77,493			(7	)		(5,050	)
Distributions from capital gains		—			—			—			—			54,018
Net change in unrealized appreciation (depreciation) of investments		398,130			70,707			919,668			928			55,169
Net gain (loss) on investments		414,719			87,600			997,161			921			104,137
Net increase (decrease) in net assets resulting from operations	$	406,669		$	93,616		$	970,163		$	1,349		$	92,232

Year ended December 31, 2023 (continued)	Lord Abt Bond Debenture, Cl VC			Lord Abt Short Dur Inc, Cl VC			LVIP JPM US Eq, Serv Cl⁽¹⁾			MFS Gbl Real Est, Serv Cl			MFS Intl Gro, Serv Cl
Investment income
Dividend income	$	27,846		$	16,658		$	1,103		$	493		$	657
Variable account expenses		3,175			2,905			1,129			833			668
Investment income (loss) — net		24,671			13,753			(26	)		(340	)		(11	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		14,434			12,962			3,011			3,778			4,785
Cost of investments sold		14,784			12,849			2,855			3,733			4,184
Net realized gain (loss) on sales of investments		(350	)		113			156			45			601
Distributions from capital gains		—			—			789			6,280			2,305
Net change in unrealized appreciation (depreciation) of investments		(6,457	)		(2,329	)		23,110			4,388			8,527
Net gain (loss) on investments		(6,807	)		(2,216	)		24,055			10,713			11,433
Net increase (decrease) in net assets resulting from operations	$	17,864		$	11,537		$	24,029		$	10,373		$	11,422

⁽¹⁾For the period April 28, 2023 (commencement of operations) to December 31, 2023.

Year ended December 31, 2023 (continued)	MFS Mass Inv Gro Stock, Serv Cl			MFS New Dis, Serv Cl			MFS Research Intl, Serv Cl			MFS Utilities, Serv Cl			MS VIF Dis, Cl II
Investment income
Dividend income	$	1,545		$	—		$	233		$	195,258		$	—
Variable account expenses		29,617			12,479			169			58,690			34,438
Investment income (loss) — net		(28,072	)		(12,479	)		64			136,568			(34,438	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		334,602			263,964			304			807,202			531,066
Cost of investments sold		320,502			398,692			297			790,768			1,389,249
Net realized gain (loss) on sales of investments		14,100			(134,728	)		7			16,434			(858,183	)
Distributions from capital gains		167,077			—			—			327,518			—
Net change in unrealized appreciation (depreciation) of investments		500,477			326,050			1,212			(684,107	)		2,068,423
Net gain (loss) on investments		681,654			191,322			1,219			(340,155	)		1,210,240
Net increase (decrease) in net assets resulting from operations	$	653,582		$	178,843		$	1,283		$	(203,587	)	$	1,175,802

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			31

Statement of Operations


Year ended December 31, 2023 (continued)	MS VIF Global Real Est, Cl II			NB AMT Intl Eq, Cl S			NB AMT Sus Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			PIMCO VIT All Asset, Advisor Cl
Investment income
Dividend income	$	9,419		$	256		$	908		$	—		$	88,159
Variable account expenses		4,463			5,207			12,224			2,002			30,857
Investment income (loss) — net		4,956			(4,951	)		(11,316	)		(2,002	)		57,302

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		100,211			134,111			102,292			6,316			657,439
Cost of investments sold		124,729			169,521			89,765			6,591			776,401
Net realized gain (loss) on sales of investments		(24,518	)		(35,410	)		12,527			(275	)		(118,962	)
Distributions from capital gains		—			—			19,073			—			—
Net change in unrealized appreciation (depreciation) of investments		65,897			105,901			242,188			26,060			269,579
Net gain (loss) on investments		41,379			70,491			273,788			25,785			150,617
Net increase (decrease) in net assets resulting from operations	$	46,335		$	65,540		$	262,472		$	23,783		$	207,919

Year ended December 31, 2023 (continued)	PIMCO VIT Glb Man As Alloc, Adv Cl			PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB			Put VT Intl Eq, Cl IB			Put VT Intl Val, Cl IB
Investment income
Dividend income	$	5,642		$	226,905		$	3,503		$	150		$	244
Variable account expenses		2,838			68,698			11,071			3,471			232
Investment income (loss) — net		2,804			158,207			(7,568	)		(3,321	)		12

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		45,823			347,141			159,697			28,276			894
Cost of investments sold		56,334			405,671			156,580			26,218			833
Net realized gain (loss) on sales of investments		(10,511	)		(58,530	)		3,117			2,058			61
Distributions from capital gains		—			—			92,671			—			—
Net change in unrealized appreciation (depreciation) of investments		37,820			217,916			9,879			69,356			3,145
Net gain (loss) on investments		27,309			159,386			105,667			71,414			3,206
Net increase (decrease) in net assets resulting from operations	$	30,113		$	317,593		$	98,099		$	68,093		$	3,218

Year ended December 31, 2023 (continued)	Put VT Lg Cap Val, Cl IB			Put VT Sus Fut, Cl IB			Put VT Sus Leaders, Cl IA			Put VT Sus Leaders, Cl IB			Royce Micro-Cap, Invest Cl
Investment income
Dividend income	$	4,272		$	—		$	45,818		$	4,516		$	—
Variable account expenses		3,160			114			77,351			7,487			2,657
Investment income (loss) — net		1,112			(114	)		(31,533	)		(2,971	)		(2,657	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		7,825			481			883,078			111,877			21,637
Cost of investments sold		7,852			471			796,424			104,744			24,436
Net realized gain (loss) on sales of investments		(27	)		10			86,654			7,133			(2,799	)
Distributions from capital gains		11,975			—			187,574			27,679			—
Net change in unrealized appreciation (depreciation) of investments		38,215			2,521			1,132,083			159,338			55,134
Net gain (loss) on investments		50,163			2,531			1,406,311			194,150			52,335
Net increase (decrease) in net assets resulting from operations	$	51,275		$	2,417		$	1,374,778		$	191,179		$	49,678

See accompanying notes to financial statements.



32		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	Temp Global Bond, Cl 2			Third Ave VST Third Ave Value			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2			VP Aggr, Cl 4
Investment income
Dividend income	$	—		$	11,728		$	—		$	—		$	—
Variable account expenses		13,442			4,418			9,992			367,577			323,673
Investment income (loss) — net		(13,442	)		7,310			(9,992	)		(367,577	)		(323,673	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		126,149			22,298			284,851			7,860,009			3,502,572
Cost of investments sold		159,813			16,197			308,948			5,274,712			1,764,311
Net realized gain (loss) on sales of investments		(33,664	)		6,101			(24,097	)		2,585,297			1,738,261
Distributions from capital gains		—			32,629			—			—			—
Net change in unrealized appreciation (depreciation) of investments		69,493			43,900			108,803			3,135,240			3,773,024
Net gain (loss) on investments		35,829			82,630			84,706			5,720,537			5,511,285
Net increase (decrease) in net assets resulting from operations	$	22,387		$	89,940		$	74,714		$	5,352,960		$	5,187,612

Year ended December 31, 2023 (continued)	VP Conserv, Cl 2			VP Conserv, Cl 4			VP Man Risk, Cl 2			VP Man Risk US, Cl 2			VP Man Vol Conserv, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		267,353			213,224			89,817			296,425			421,930
Investment income (loss) — net		(267,353	)		(213,224	)		(89,817	)		(296,425	)		(421,930	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		5,092,321			3,092,286			935,675			2,276,836			8,787,931
Cost of investments sold		4,799,380			2,734,663			863,267			2,163,530			8,783,515
Net realized gain (loss) on sales of investments		292,941			357,623			72,408			113,306			4,416
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,781,396			1,361,291			968,847			3,965,056			2,969,022
Net gain (loss) on investments		2,074,337			1,718,914			1,041,255			4,078,362			2,973,438
Net increase (decrease) in net assets resulting from operations	$	1,806,984		$	1,505,690		$	951,438		$	3,781,937		$	2,551,508

Year ended December 31, 2023 (continued)	VP Man Vol Conserv Gro, Cl 2			VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2			VP Mod, Cl 4
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		815,310			5,599,402			8,425,392			4,100,682			3,055,934
Investment income (loss) — net		(815,310	)		(5,599,402	)		(8,425,392	)		(4,100,682	)		(3,055,934	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		18,452,872			52,081,715			105,372,097			51,403,562			45,100,233
Cost of investments sold		16,832,298			40,432,874			81,624,064			37,322,507			25,834,289
Net realized gain (loss) on sales of investments		1,620,574			11,648,841			23,748,033			14,081,055			19,265,944
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		5,774,272			64,974,582			71,066,648			34,631,169			19,597,995
Net gain (loss) on investments		7,394,846			76,623,423			94,814,681			48,712,224			38,863,939
Net increase (decrease) in net assets resulting from operations	$	6,579,536		$	71,024,021		$	86,389,289		$	44,611,542		$	35,808,005

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			33

Statement of Operations


Year ended December 31, 2023 (continued)	VP Mod Aggr, Cl 2			VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4			VP Ptnrs Core Bond, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	32,626
Variable account expenses		1,454,488			860,768			675,569			532,086			13,645
Investment income (loss) — net		(1,454,488	)		(860,768	)		(675,569	)		(532,086	)		18,981

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		22,563,726			15,750,188			9,304,072			10,100,106			83,344
Cost of investments sold		15,759,732			8,321,852			7,600,060			6,862,827			95,114
Net realized gain (loss) on sales of investments		6,803,994			7,428,336			1,704,012			3,237,279			(11,770	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		13,421,412			5,321,275			4,754,353			2,229,584			57,685
Net gain (loss) on investments		20,225,406			12,749,611			6,458,365			5,466,863			45,915
Net increase (decrease) in net assets resulting from operations	$	18,770,918		$	11,888,843		$	5,782,796		$	4,934,777		$	64,896

Year ended December 31, 2023 (continued)	VP Ptnrs Core Eq, Cl 2			VP Ptnrs Core Eq, Cl 3			VP Ptnrs Intl Core Eq, Cl 2			VP Ptnrs Intl Gro, Cl 2			VP Ptnrs Intl Val, Cl 2
Investment income
Dividend income	$	—		$	—		$	11,654		$	5,073		$	30,596
Variable account expenses		4,179			11,303			11,282			23,286			17,560
Investment income (loss) — net		(4,179	)		(11,303	)		372			(18,213	)		13,036

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		450,264			309,915			93,105			159,374			162,140
Cost of investments sold		408,445			110,147			106,251			175,736			163,321
Net realized gain (loss) on sales of investments		41,819			199,768			(13,146	)		(16,362	)		(1,181	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		70,989			62,678			168,214			302,211			217,643
Net gain (loss) on investments		112,808			262,446			155,068			285,849			216,462
Net increase (decrease) in net assets resulting from operations	$	108,629		$	251,143		$	155,440		$	267,636		$	229,498

Year ended December 31, 2023 (continued)	VP Ptnrs Sm Cap Gro, Cl 2			VP Ptnrs Sm Cap Val, Cl 2			VP Ptnrs Sm Cap Val, Cl 3			VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2
Investment income
Dividend income	$	—		$	—		$	—		$	—		$	—
Variable account expenses		16,686			8,612			23,101			241,094			2,283,256
Investment income (loss) — net		(16,686	)		(8,612	)		(23,101	)		(241,094	)		(2,283,256	)

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		148,567			64,879			331,758			2,237,222			18,235,958
Cost of investments sold		130,849			55,620			172,220			2,172,934			15,980,515
Net realized gain (loss) on sales of investments		17,718			9,259			159,538			64,288			2,255,443
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		93,525			86,856			118,903			2,396,718			33,295,469
Net gain (loss) on investments		111,243			96,115			278,441			2,461,006			35,550,912
Net increase (decrease) in net assets resulting from operations	$	94,557		$	87,503		$	255,340		$	2,219,912		$	33,267,656

See accompanying notes to financial statements.



34		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Operations


Year ended December 31, 2023 (continued)	VP US Flex Mod Gro, Cl 2			Wanger Acorn			Wanger Intl			WA Var Global Hi Yd Bond, Cl II
Investment income
Dividend income	$	—		$	—		$	17,045		$	26,363
Variable account expenses		1,306,654			70,552			47,936			5,621
Investment income (loss) — net		(1,306,654	)		(70,552	)		(30,891	)		20,742

Realized and unrealized gain (loss) on investments — net
Realized gain (loss) on sales of investments:
Proceeds from sales		12,422,466			1,101,695			739,090			122,132
Cost of investments sold		11,445,380			1,826,151			975,410			149,878
Net realized gain (loss) on sales of investments		977,086			(724,456	)		(236,320	)		(27,746	)
Distributions from capital gains		—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		15,464,347			2,306,153			1,072,364			49,736
Net gain (loss) on investments		16,441,433			1,581,697			836,044			21,990
Net increase (decrease) in net assets resulting from operations	$	15,134,779		$	1,511,145		$	805,153		$	42,732

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			35

Statement of Changes in Net Assets


Year ended December 31, 2023	AB VPS Dyn Asset Alloc, Cl B			AB VPS Intl Val, Cl B			AB VPS Lg Cap Gro, Cl B			AB VPS Relative Val, Cl B			AB VPS Sus Gbl Thematic, Cl B
Operations
Investment income (loss) — net	$	(6,562	)	$	(6,886)		$	(92,185)		$	18,801		$	(3,895)
Net realized gain (loss) on sales of investments		(20,354	)		(23,102	)		16,006			35,498			9,643
Distributions from capital gains		—			—			624,964			378,823			27,180
Net change in unrealized appreciation (depreciation) of investments		147,299			499,229			1,874,688			36,123			28,216
Net increase (decrease) in net assets resulting from operations		120,383			469,241			2,423,473			469,245			61,144

Contract transactions
Contract purchase payments		9,750			58,294			860,542			149,092			4,407
Net transfers⁽¹⁾		(517,190	)		(117,036	)		419,702			(251,869	)		149
Transfers for policy loans		(26,525	)		870			588			1,985			—
Adjustments to net assets allocated to contracts in payment period		—			(535	)		(9,512	)		—			—
Contract charges		(178	)		(4,518	)		(1,482	)		(2,311	)		(456	)
Contract terminations:
Surrender benefits		(23,299	)		(274,834	)		(304,507	)		(239,079	)		(49,973	)
Death benefits		—			(25,427	)		(112,842	)		(72,012	)		(9,192	)
Increase (decrease) from transactions		(557,442	)		(363,186	)		852,489			(414,194	)		(55,065	)
Net assets at beginning of year		1,151,388			3,528,427			6,953,194			4,688,583			441,910
Net assets at end of year	$	714,329		$	3,634,482		$	10,229,156		$	4,743,634		$	447,989

Accumulation unit activity
Units outstanding at beginning of year		984,003			2,384,574			1,675,100			1,407,365			167,551
Units purchased		8,021			42,303			252,229			44,765			1,929
Units redeemed		(443,222	)		(245,719	)		(102,907	)		(170,263	)		(20,863	)
Units outstanding at end of year		548,802			2,181,158			1,824,422			1,281,867			148,617

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



36		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Allspg VT Index Asset Alloc, Cl 2			Allspg VT Intl Eq, Cl 2			Allspg VT Opp, Cl 2			Allspg VT Sm Cap Gro, Cl 2			ALPS Alerian Engy Infr, Class III
Operations
Investment income (loss) — net	$	2,533		$	4,845		$	(22,783)		$	(41,707	)	$	39,022
Net realized gain (loss) on sales of investments		3,322			(85,359	)		7,698			(161,188	)		52,237
Distributions from capital gains		67,118			—			205,641			—			21,356
Net change in unrealized appreciation (depreciation) of investments		244,747			204,361			343,605			333,580			125,529
Net increase (decrease) in net assets resulting from operations		317,720			123,847			534,161			130,685			238,144

Contract transactions
Contract purchase payments		30,176			5,642			42,375			109,161			45,502
Net transfers⁽¹⁾		140,970			(63,888	)		(2,733	)		74,665			(49,130	)
Transfers for policy loans		11,545			—			444			667			248
Adjustments to net assets allocated to contracts in payment period		—			(1,062	)		(7,234	)		—			—
Contract charges		(1,315	)		(1,609	)		(813	)		(1,427	)		(493	)
Contract terminations:
Surrender benefits		(75,980	)		(87,629	)		(175,853	)		(278,118	)		(174,616	)
Death benefits		(14,816	)		(6,523	)		(1,050	)		(121,787	)		(969	)
Increase (decrease) from transactions		90,580			(155,069	)		(144,864	)		(216,839	)		(179,458	)
Net assets at beginning of year		1,977,622			925,363			2,164,005			4,256,293			1,963,130
Net assets at end of year	$	2,385,922		$	894,141		$	2,553,302		$	4,170,139		$	2,021,816

Accumulation unit activity
Units outstanding at beginning of year		642,004			627,326			532,934			1,113,287			1,766,625
Units purchased		56,108			3,669			9,941			62,550			68,834
Units redeemed		(28,041	)		(105,405	)		(40,907	)		(121,761	)		(218,212	)
Units outstanding at end of year		670,071			525,590			501,968			1,054,076			1,617,247

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			37

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	AC VP Intl, Cl I			AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl I
Operations
Investment income (loss) — net	$	1,005		$	2,618		$	27,880		$	(23,247	)	$	8,805
Net realized gain (loss) on sales of investments		3,785			6,130			5,198			33,341			32,230
Distributions from capital gains		—			—			244,080			176,389			45,814
Net change in unrealized appreciation (depreciation) of investments		15,721			70,088			(154,742	)		655,251			(50,028	)
Net increase (decrease) in net assets resulting from operations		20,511			78,836			122,416			841,734			36,821

Contract transactions
Contract purchase payments		—			48,262			417,787			7,074			11,254
Net transfers⁽¹⁾		172			30,494			10,142			193,787			21
Transfers for policy loans		179			—			(5,329	)		(3,269	)		—
Adjustments to net assets allocated to contracts in payment period		—			(190	)		—			—			—
Contract charges		(38	)		(246	)		(1,796	)		(1,708	)		(230	)
Contract terminations:
Surrender benefits		(45,259	)		(87,336	)		(115,812	)		(227,237	)		(138,006	)
Death benefits		—			(5,248	)		(1,657	)		(46,481	)		(432	)
Increase (decrease) from transactions		(44,946	)		(14,264	)		303,335			(77,834	)		(127,393	)
Net assets at beginning of year		185,201			674,467			2,096,455			2,061,191			586,408
Net assets at end of year	$	160,766		$	739,039		$	2,522,206		$	2,825,091		$	495,836

Accumulation unit activity
Units outstanding at beginning of year		121,930			317,677			644,040			494,381			115,231
Units purchased		105			50,089			139,966			41,962			2,178
Units redeemed		(26,538	)		(41,343	)		(44,539	)		(59,469	)		(26,903	)
Units outstanding at end of year		95,497			326,423			739,467			476,874			90,506

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



38		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	AC VP Val, Cl II			BlackRock Adv SMID Cap VI, Cl III			BlackRock Global Alloc, Cl III			BNY Mellon Sus US Eq, Serv			Calvert VP EAFE Intl Index, Cl F
Operations
Investment income (loss) — net	$	159,591		$	3,318		$	89,049		$	(260	)	$	6,586
Net realized gain (loss) on sales of investments		226,016			134			(140,093	)		(41	)		1,077
Distributions from capital gains		1,012,555			—			—			347			—
Net change in unrealized appreciation (depreciation) of investments		(398,697	)		30,279			669,172			4,647			32,821
Net increase (decrease) in net assets resulting from operations		999,465			33,731			618,128			4,693			40,484

Contract transactions
Contract purchase payments		656,811			113,405			175,223			58,397			88,512
Net transfers⁽¹⁾		104,469			16,405			220,966			(958	)		17,136
Transfers for policy loans		659			—			(1,428	)		—			(1,636	)
Adjustments to net assets allocated to contracts in payment period		(2,281	)		—			(13,654	)		—			—
Contract charges		(4,081	)		(10	)		(1,137	)		—			—
Contract terminations:
Surrender benefits		(886,789	)		(1,745	)		(309,872	)		(348	)		(3,544	)
Death benefits		(50,287	)		—			(59,405	)		—			—
Increase (decrease) from transactions		(181,499	)		128,055			10,693			57,091			100,468
Net assets at beginning of year		12,773,717			131,399			5,541,943			2,638			211,395
Net assets at end of year	$	13,591,683		$	293,185		$	6,170,764		$	64,422		$	352,347

Accumulation unit activity
Units outstanding at beginning of year		3,579,711			135,207			3,685,400			—			212,497
Units purchased		257,416			124,427			326,698			55,595			99,140
Units redeemed		(283,071	)		(1,480	)		(321,779	)		(946	)		(5,089	)
Units outstanding at end of year		3,554,056			258,154			3,690,319			54,649			306,548

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			39

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Calvert VP Nasdaq 100 Index, Cl F			Calv VP Russ 2000 Sm Cap Ind, Cl F			Calvert VP SRI Bal, Cl F			Calvert VP SRI Bal, Cl I			CB Var Sm Cap Gro, Cl I
Operations
Investment income (loss) — net	$	(7,424	)	$	(115)		$	2,384		$	13,510		$	(4,011)
Net realized gain (loss) on sales of investments		8,761			(238	)		184			4,229			(624	)
Distributions from capital gains		—			250			1,048			6,205			—
Net change in unrealized appreciation (depreciation) of investments		498,642			57,714			27,263			210,821			37,849
Net increase (decrease) in net assets resulting from operations		499,979			57,611			30,879			234,765			33,214

Contract transactions
Contract purchase payments		1,009,847			107,802			123,559			6,047			9,641
Net transfers⁽¹⁾		92,799			94,327			76,481			711,516			6,630
Transfers for policy loans		(11,954	)		(2,601	)		—			1,008			1,149
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(1,417	)		(5	)		(19	)		(651	)		(279	)
Contract terminations:
Surrender benefits		(5,378	)		(2,458	)		(3,071	)		(55,447	)		(15,425	)
Death benefits		(1,966	)		—			—			—			—
Increase (decrease) from transactions		1,081,931			197,065			196,950			662,473			1,716
Net assets at beginning of year		532,516			252,099			86,976			1,051,751			436,821
Net assets at end of year	$	2,114,426		$	506,775		$	314,805		$	1,948,989		$	471,751

Accumulation unit activity
Units outstanding at beginning of year		623,936			262,942			90,782			461,070			131,985
Units purchased		1,143,839			204,201			199,584			303,085			7,857
Units redeemed		(135,853	)		(5,123	)		(2,612	)		(22,386	)		(7,107	)
Units outstanding at end of year		1,631,922			462,020			287,754			741,769			132,735

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



40		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Bal, Cl 2			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 2
Operations
Investment income (loss) — net	$	(111,562	)	$	(495,708)		$	132,895		$	(54,805	)	$	(28,152)
Net realized gain (loss) on sales of investments		2,487			1,721,208			(17,816	)		120,115			48,250
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,982,784			7,080,798			(167,973	)		1,265,689			501,218
Net increase (decrease) in net assets resulting from operations		1,873,709			8,306,298			(52,894	)		1,330,999			521,316

Contract transactions
Contract purchase payments		2,232,727			995,533			48,123			97,116			459,820
Net transfers⁽¹⁾		695,062			1,402,745			71,843			504,776			166,913
Transfers for policy loans		(19,101	)		(45,337	)		—			602			(8,086	)
Adjustments to net assets allocated to contracts in payment period		—			(21,221	)		—			—			—
Contract charges		(39,799	)		(13,344	)		(144	)		(574	)		(2,043	)
Contract terminations:
Surrender benefits		(87,624	)		(3,028,327	)		(22,798	)		(114,682	)		(62,476	)
Death benefits		—			(630,616	)		(27,748	)		(88,882	)		(16,885	)
Increase (decrease) from transactions		2,781,265			(1,340,567	)		69,276			398,356			537,243
Net assets at beginning of year		8,220,542			42,718,998			641,822			4,305,111			2,122,978
Net assets at end of year	$	12,875,516		$	49,684,729		$	658,204		$	6,034,466		$	3,181,537

Accumulation unit activity
Units outstanding at beginning of year		9,421,453			16,872,592			782,111			1,733,968			555,644
Units purchased		3,121,681			1,181,528			166,648			209,207			147,194
Units redeemed		(235,037	)		(1,612,594	)		(78,417	)		(83,038	)		(24,687	)
Units outstanding at end of year		12,308,097			16,441,526			870,342			1,860,137			678,151

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			41

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Disciplined Core, Cl 3			Col VP Divd Opp, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 2
Operations
Investment income (loss) — net	$	(186,535	)	$	(59,419)		$	(193,704)		$	44,118		$	(26,257)
Net realized gain (loss) on sales of investments		1,373,591			99,158			1,221,852			(35,472	)		(172,901	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		2,312,109			182,549			(300,724	)		81,565			389,159
Net increase (decrease) in net assets resulting from operations		3,499,165			222,288			727,424			90,211			190,001

Contract transactions
Contract purchase payments		92,220			673,716			182,283			12,539			161,936
Net transfers⁽¹⁾		(199,701	)		36,569			103,784			(15,681	)		53,427
Transfers for policy loans		19,032			—			5,639			—			—
Adjustments to net assets allocated to contracts in payment period		(16,860	)		—			(835	)		—			—
Contract charges		(13,287	)		(6,422	)		(12,502	)		(91	)		(3,180	)
Contract terminations:
Surrender benefits		(1,112,225	)		(202,444	)		(1,285,544	)		(75,676	)		(97,999	)
Death benefits		(459,628	)		(22,731	)		(432,818	)		(2,985	)		(128,770	)
Increase (decrease) from transactions		(1,690,449	)		478,688			(1,439,993	)		(81,894	)		(14,586	)
Net assets at beginning of year		16,097,535			5,129,302			20,628,681			1,076,139			2,390,405
Net assets at end of year	$	17,906,251		$	5,830,278		$	19,916,112		$	1,084,456		$	2,565,820

Accumulation unit activity
Units outstanding at beginning of year		4,860,247			1,771,283			5,399,844			1,154,057			2,059,729
Units purchased		32,640			307,509			117,366			20,161			181,228
Units redeemed		(480,617	)		(135,410	)		(511,592	)		(106,089	)		(194,846	)
Units outstanding at end of year		4,412,270			1,943,382			5,005,618			1,068,129			2,046,111

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



42		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 2			Col VP Global Strategic Inc, Cl 3			Col VP Govt Money Mkt, Cl 2			Col VP Govt Money Mkt, Cl 3
Operations
Investment income (loss) — net	$	(40,340	)	$	19,396		$	56,739		$	502,827		$	271,683
Net realized gain (loss) on sales of investments		(219,198	)		(6,984	)		(118,404	)		1			8
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		574,152			69,079			268,548			(1	)		(7	)
Net increase (decrease) in net assets resulting from operations		314,614			81,491			206,883			502,827			271,684

Contract transactions
Contract purchase payments		56,912			70,050			16,430			2,588,150			162,866
Net transfers⁽¹⁾		32,433			15,342			15,695			1,711,135			167,399
Transfers for policy loans		2,054			—			1,700			(2,500	)		35,733
Adjustments to net assets allocated to contracts in payment period		(1,022	)		—			(64	)		—			(585	)
Contract charges		(4,732	)		(144	)		(5,173	)		(5,091	)		(6,650	)
Contract terminations:
Surrender benefits		(277,449	)		(13,706	)		(213,789	)		(2,058,998	)		(897,120	)
Death benefits		(46,886	)		(10,617	)		(89,065	)		(69,809	)		(162,359	)
Increase (decrease) from transactions		(238,690	)		60,925			(274,266	)		2,162,887			(700,716	)
Net assets at beginning of year		3,976,579			948,375			2,536,593			13,762,515			7,983,931
Net assets at end of year	$	4,052,503		$	1,090,791		$	2,469,210		$	16,428,229		$	7,554,899

Accumulation unit activity
Units outstanding at beginning of year		1,752,225			1,083,149			1,814,952			14,646,066			7,685,671
Units purchased		80,065			94,786			23,350			5,316,443			679,152
Units redeemed		(180,653	)		(27,453	)		(214,830	)		(3,016,395	)		(1,376,080	)
Units outstanding at end of year		1,651,637			1,150,482			1,623,472			16,946,114			6,988,743

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			43

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Hi Yield Bond, Cl 2			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 2			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 2
Operations
Investment income (loss) — net	$	170,566		$	224,497		$	142,316		$	173,671		$	54,756
Net realized gain (loss) on sales of investments		(50,778	)		(83,437	)		(163,630	)		(162,739	)		(115,864	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		284,926			404,501			383,062			406,284			332,234
Net increase (decrease) in net assets resulting from operations		404,714			545,561			361,748			417,216			271,126

Contract transactions
Contract purchase payments		795,255			28,936			463,180			29,683			725,567
Net transfers⁽¹⁾		(137,181	)		5,709			(731,334	)		12,461			479,001
Transfers for policy loans		(4,701	)		(652	)		334			(1,646	)		463
Adjustments to net assets allocated to contracts in payment period		—			(3,138	)		—			(1,541	)		—
Contract charges		(794	)		(2,418	)		(1,265	)		(7,136	)		(13,346	)
Contract terminations:
Surrender benefits		(108,689	)		(299,904	)		(151,184	)		(328,575	)		(328,795	)
Death benefits		(16,794	)		(273,271	)		(11,779	)		(73,103	)		(27,651	)
Increase (decrease) from transactions		527,096			(544,738	)		(432,048	)		(369,857	)		835,239
Net assets at beginning of year		3,546,695			5,297,527			3,827,441			4,216,046			4,934,356
Net assets at end of year	$	4,478,505		$	5,298,350		$	3,757,141		$	4,263,405		$	6,040,721

Accumulation unit activity
Units outstanding at beginning of year		2,193,725			1,917,573			2,387,625			1,953,865			4,303,201
Units purchased		545,271			29,410			279,368			45,715			1,089,459
Units redeemed		(215,034	)		(212,385	)		(543,002	)		(211,914	)		(372,720	)
Units outstanding at end of year		2,523,962			1,734,598			2,123,991			1,787,666			5,019,940

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



44		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 2			Col VP Lg Cap Gro, Cl 3			Col VP Lg Cap Index, Cl 2			Col VP Lg Cap Index, Cl 3
Operations
Investment income (loss) — net	$	137,015		$	(67,262)		$	(34,007)		$	(148,875	)	$	(659,629)
Net realized gain (loss) on sales of investments		(379,076	)		148,068			370,027			14,377			1,995,509
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		786,735			2,058,514			1,005,228			3,361,629			12,945,606
Net increase (decrease) in net assets resulting from operations		544,674			2,139,320			1,341,248			3,227,131			14,281,486

Contract transactions
Contract purchase payments		60,549			836,762			36,952			6,941,246			4,382,257
Net transfers⁽¹⁾		128,000			(24,866	)		35,422			402,569			3,412,596
Transfers for policy loans		1,741			31			—			(92,396	)		(141,172	)
Adjustments to net assets allocated to contracts in payment period		(5,455	)		—			—			—			—
Contract charges		(17,179	)		(12,355	)		(3,812	)		(38,938	)		(20,486	)
Contract terminations:
Surrender benefits		(856,921	)		(161,750	)		(387,803	)		(132,394	)		(3,032,154	)
Death benefits		(355,938	)		(111,532	)		(72,263	)		(49,790	)		(437,704	)
Increase (decrease) from transactions		(1,045,203	)		526,290			(391,504	)		7,030,297			4,163,337
Net assets at beginning of year		11,424,527			4,852,330			3,360,161			10,095,600			55,435,264
Net assets at end of year	$	10,923,998		$	7,517,940		$	4,309,905		$	20,353,028		$	73,880,087

Accumulation unit activity
Units outstanding at beginning of year		6,883,428			1,246,798			1,632,874			10,988,024			17,221,617
Units purchased		140,833			428,634			27,591			7,207,720			2,338,514
Units redeemed		(750,782	)		(210,385	)		(192,027	)		(401,867	)		(1,009,443	)
Units outstanding at end of year		6,273,479			1,465,047			1,468,438			17,793,877			18,550,688

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			45

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/ Cr Bond, Cl 2			Col VP Overseas Core, Cl 2			Col VP Overseas Core, Cl 3			Col VP Select Lg Cap Eq, Cl 2
Operations
Investment income (loss) — net	$	84,150		$	26,379		$	4,543		$	20,665		$	(332)
Net realized gain (loss) on sales of investments		(40,783	)		(41,570	)		(9,909	)		(2,829	)		1,989
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		169,868			93,616			131,669			360,949			8,081
Net increase (decrease) in net assets resulting from operations		213,235			78,425			126,303			378,785			9,738

Contract transactions
Contract purchase payments		173,493			53,931			227,666			26,912			204,498
Net transfers⁽¹⁾		107,784			116,461			(45,016	)		1,736			13,510
Transfers for policy loans		—			672			—			(765	)		—
Adjustments to net assets allocated to contracts in payment period		—			—			—			(2,797	)		—
Contract charges		(7,588	)		(276	)		(850	)		(1,320	)		—
Contract terminations:
Surrender benefits		(378,679	)		(37,563	)		(70,203	)		(200,248	)		(70	)
Death benefits		(291,432	)		(35,867	)		(959	)		(86,564	)		—
Increase (decrease) from transactions		(396,422	)		97,358			110,638			(263,046	)		217,938
Net assets at beginning of year		4,029,747			1,211,746			854,752			2,834,021			375
Net assets at end of year	$	3,846,560		$	1,387,529		$	1,091,693		$	2,949,760		$	228,051

Accumulation unit activity
Units outstanding at beginning of year		3,775,910			1,251,644			539,017			1,717,325			—
Units purchased		286,916			196,622			133,000			47,963			195,723
Units redeemed		(647,816	)		(89,415	)		(69,219	)		(193,931	)		—
Units outstanding at end of year		3,415,010			1,358,851			602,798			1,571,357			195,723

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



46		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Select Lg Cap Val, Cl 2			Col VP Select Lg Cap Val, Cl 3			Col VP Select Mid Cap Gro, Cl 2			Col VP Select Mid Cap Gro, Cl 3			Col VP Select Mid Cap Val, Cl 2
Operations
Investment income (loss) — net	$	(38,783	)	$	(8,700)		$	(21,139)		$	(35,009	)	$	(22,849)
Net realized gain (loss) on sales of investments		49,384			86,121			29,099			283,919			48,126
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		140,819			(42,468	)		439,476			424,136			233,349
Net increase (decrease) in net assets resulting from operations		151,420			34,953			447,436			673,046			258,626

Contract transactions
Contract purchase payments		331,872			16,567			526,087			56,494			550,131
Net transfers⁽¹⁾		(58,759	)		(54,540	)		(7,290	)		(126,282	)		160,649
Transfers for policy loans		—			—			—			978			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			(1,265	)		—
Contract charges		(12,494	)		(605	)		(5,444	)		(1,054	)		(4,224	)
Contract terminations:
Surrender benefits		(24,594	)		(145,534	)		(57,359	)		(80,914	)		(44,224	)
Death benefits		(17,522	)		(55,005	)		(76,632	)		(247,500	)		—
Increase (decrease) from transactions		218,503			(239,117	)		379,362			(399,543	)		662,332
Net assets at beginning of year		3,535,443			997,658			1,581,794			3,055,644			1,847,488
Net assets at end of year	$	3,905,366		$	793,494		$	2,408,592		$	3,329,147		$	2,768,446

Accumulation unit activity
Units outstanding at beginning of year		1,095,032			293,060			596,043			1,107,085			565,647
Units purchased		193,739			9,967			194,668			22,679			277,124
Units redeemed		(50,204	)		(79,019	)		(59,606	)		(156,057	)		(49,748	)
Units outstanding at end of year		1,238,567			224,008			731,105			973,707			793,023

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			47

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Select Mid Cap Val, Cl 3			Col VP Select Sm Cap Val, Cl 2			Col VP Select Sm Cap Val, Cl 3			Col VP Sel Gbl Tech, Cl 2			Col VP Sm Cap Val, Cl 2
Operations
Investment income (loss) — net	$	(15,513	)	$	(13,882)		$	(12,315)		$	(3,046	)	$	(129)
Net realized gain (loss) on sales of investments		138,549			8,040			95,878			466			52
Distributions from capital gains		—			—			—			18,982			1,062
Net change in unrealized appreciation (depreciation) of investments		23,964			149,495			71,395			107,837			2,401
Net increase (decrease) in net assets resulting from operations		147,000			143,653			154,958			124,239			3,386

Contract transactions
Contract purchase payments		23,352			135,061			26,795			273,562			9,015
Net transfers⁽¹⁾		(21,859	)		26,354			(72,356	)		56,219			6,371
Transfers for policy loans		747			—			553			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			(343	)		—			—
Contract charges		(1,279	)		(1,993	)		(736	)		—			(2	)
Contract terminations:
Surrender benefits		(145,466	)		(6,056	)		(105,061	)		(1,555	)		(2,475	)
Death benefits		(39,845	)		(8,354	)		—			—			—
Increase (decrease) from transactions		(184,350	)		145,012			(151,148	)		328,226			12,909
Net assets at beginning of year		1,742,977			1,103,798			1,415,245			84,449			13,735
Net assets at end of year	$	1,705,627		$	1,392,463		$	1,419,055		$	536,914		$	30,030

Accumulation unit activity
Units outstanding at beginning of year		513,999			453,661			422,912			96,845			12,735
Units purchased		10,157			68,697			9,866			455,581			13,763
Units redeemed		(63,974	)		(11,236	)		(54,052	)		(116,734	)		(2,279	)
Units outstanding at end of year		460,182			511,122			378,726			435,692			24,219

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



48		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Col VP Strategic Inc, Cl 2			Col VP US Govt Mtge, Cl 2			Col VP US Govt Mtge, Cl 3			CS Commodity Return, Cl 1			CTIVP AC Div Bond, Cl 2
Operations
Investment income (loss) — net	$	82,245		$	23,582		$	37,609		$	103,296		$	30,087
Net realized gain (loss) on sales of investments		(76,299	)		(75,350	)		(34,209	)		(63,761	)		(23,594	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		273,873			99,206			93,371			(92,011	)		54,617
Net increase (decrease) in net assets resulting from operations		279,819			47,438			96,771			(52,476	)		61,110

Contract transactions
Contract purchase payments		650,836			64,914			18,580			9,204			47,227
Net transfers⁽¹⁾		447,434			26,741			18,058			(36,102	)		119,468
Transfers for policy loans		—			—			(3,303	)		468			—
Adjustments to net assets allocated to contracts in payment period		—			—			(1,143	)		—			—
Contract charges		(415	)		(3,069	)		(1,866	)		(403	)		(6,274	)
Contract terminations:
Surrender benefits		(247,566	)		(60,539	)		(104,923	)		(46,132	)		(37,551	)
Death benefits		(69,270	)		(212,873	)		(28,966	)		(1,704	)		(27,540	)
Increase (decrease) from transactions		781,019			(184,826	)		(103,563	)		(74,669	)		95,330
Net assets at beginning of year		2,950,865			1,507,152			2,167,855			567,532			1,424,440
Net assets at end of year	$	4,011,703		$	1,369,764		$	2,161,063		$	440,387		$	1,580,880

Accumulation unit activity
Units outstanding at beginning of year		2,553,683			1,570,105			1,783,059			824,701			1,314,885
Units purchased		953,555			96,821			31,060			28,503			162,730
Units redeemed		(283,068	)		(302,360	)		(113,397	)		(143,935	)		(77,708	)
Units outstanding at end of year		3,224,170			1,364,566			1,700,722			709,269			1,399,907

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			49

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	CTIVP BR Gl Infl Prot Sec, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP CenterSquare Real Est, Cl 2			CTIVP MFS Val, Cl 2			CTIVP MS Adv, Cl 2
Operations
Investment income (loss) — net	$	112,049		$	199,954		$	8,065		$	(48,723	)	$	(12,361)
Net realized gain (loss) on sales of investments		(71,759	)		(193,928	)		(18,784	)		214,270			(25,303	)
Distributions from capital gains		—			—			71,581			—			—
Net change in unrealized appreciation (depreciation) of investments		279			63,605			62,955			143,529			328,917
Net increase (decrease) in net assets resulting from operations		40,569			69,631			123,817			309,076			291,253

Contract transactions
Contract purchase payments		11,768			7,428			44,942			527,536			42,168
Net transfers⁽¹⁾		(74,142	)		20,567			28,270			103,512			(44,372	)
Transfers for policy loans		—			(426	)		—			(194	)		122
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(148	)		(8,379	)		(108	)		(1,312	)		(1,100	)
Contract terminations:
Surrender benefits		(89,323	)		(268,143	)		(22,357	)		(145,889	)		(58,485	)
Death benefits		(60,106	)		(50,078	)		(2,191	)		(419,769	)		(3,580	)
Increase (decrease) from transactions		(211,951	)		(299,031	)		48,556			63,884			(65,247	)
Net assets at beginning of year		1,602,610			2,642,899			959,258			4,538,772			1,036,640
Net assets at end of year	$	1,431,228		$	2,413,499		$	1,131,631		$	4,911,732		$	1,262,646

Accumulation unit activity
Units outstanding at beginning of year		1,379,385			1,876,472			500,355			1,394,602			334,635
Units purchased		45,886			46,911			39,945			218,927			15,027
Units redeemed		(229,588	)		(258,220	)		(15,571	)		(205,491	)		(34,372	)
Units outstanding at end of year		1,195,683			1,665,163			524,729			1,408,038			315,290

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



50		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	CTIVP Prin Blue Chip Gro, Cl 1			CTIVP Prin Blue Chip Gro, Cl 2			CTIVP T Rowe Price LgCap Val, Cl 2			CTIVP TCW Core Plus Bond, Cl 2			CTIVP Vty Sycamore Estb Val, Cl 2
Operations
Investment income (loss) — net	$	(46,344	)	$	(24,351)		$	(40,774)		$	27,188		$	(58,146)
Net realized gain (loss) on sales of investments		558,609			71,660			64,338			(18,976	)		183,105
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,084,078			660,594			285,769			84,506			340,293
Net increase (decrease) in net assets resulting from operations		1,596,343			707,903			309,333			92,718			465,252

Contract transactions
Contract purchase payments		34,743			226,208			144,615			305,330			876,029
Net transfers⁽¹⁾		(267,352	)		241,767			163,261			(42,026	)		(67,511	)
Transfers for policy loans		848			371			500			—			(6,749	)
Adjustments to net assets allocated to contracts in payment period		—			—			1,556			—			1,363
Contract charges		(5,303	)		(1,058	)		(1,267	)		(5,881	)		(2,837	)
Contract terminations:
Surrender benefits		(624,226	)		(89,829	)		(142,757	)		(25,427	)		(146,226	)
Death benefits		(121,031	)		(106,293	)		(81,763	)		—			(130,510	)
Increase (decrease) from transactions		(982,321	)		271,166			84,145			231,996			523,559
Net assets at beginning of year		4,638,763			1,632,731			3,769,238			1,899,796			5,140,014
Net assets at end of year	$	5,252,785		$	2,611,800		$	4,162,716		$	2,224,510		$	6,128,825

Accumulation unit activity
Units outstanding at beginning of year		2,407,494			434,609			1,323,101			1,893,773			1,319,084
Units purchased		16,181			323,979			108,755			325,832			267,664
Units redeemed		(450,896	)		(165,337	)		(79,988	)		(102,203	)		(112,157	)
Units outstanding at end of year		1,972,779			593,251			1,351,868			2,117,402			1,474,591

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			51

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP Westfield Mid Cap Gro, Cl 2			Del Ivy VIP Asset Strategy, Cl II			Del VIP for Inc, Serv Cl			Del VIP Intl, Serv Cl
Operations
Investment income (loss) — net	$	(9,844	)	$	(11,855)		$	5,950		$	1,888		$	(67)
Net realized gain (loss) on sales of investments		40,719			39,358			(9,653	)		12			32
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		56,821			218,599			70,054			6,183			2,700
Net increase (decrease) in net assets resulting from operations		87,696			246,102			66,351			8,083			2,665

Contract transactions
Contract purchase payments		14,151			56,506			1,703			47,532			—
Net transfers⁽¹⁾		(15,148	)		41,325			(13,402	)		(390	)		64,293
Transfers for policy loans		1,141			—			—			—			—
Adjustments to net assets allocated to contracts in payment period		(1,473	)		—			—			—			—
Contract charges		(647	)		(866	)		(103	)		—			—
Contract terminations:
Surrender benefits		(56,704	)		(23,741	)		(17,000	)		(148	)		(1,709	)
Death benefits		(9,109	)		(75,518	)		(9,819	)		—			—
Increase (decrease) from transactions		(67,789	)		(2,294	)		(38,621	)		46,994			62,584
Net assets at beginning of year		1,035,577			1,028,363			546,242			40,583			1,155
Net assets at end of year	$	1,055,484		$	1,272,171		$	573,972		$	95,660		$	66,404

Accumulation unit activity
Units outstanding at beginning of year		250,243			322,876			402,712			41,256			—
Units purchased		4,755			29,809			1,201			47,750			65,165
Units redeemed		(19,831	)		(29,952	)		(28,953	)		(375	)		(1,630	)
Units outstanding at end of year		235,167			322,733			374,960			88,631			63,535

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



52		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2			Fid VIP Emer Mkts, Serv Cl 2			Fid VIP Energy, Serv Cl 2
Operations
Investment income (loss) — net	$	44,337		$	339,858		$	(290,517)		$	416		$	5,907
Net realized gain (loss) on sales of investments		(9,285	)		(44,289	)		627,486			461			820
Distributions from capital gains		7,582			—			1,407,442			—			—
Net change in unrealized appreciation (depreciation) of investments		(7,199	)		157,733			8,626,495			1,762			(22,198	)
Net increase (decrease) in net assets resulting from operations		35,435			453,302			10,370,906			2,639			(15,471	)

Contract transactions
Contract purchase payments		39,492			1,092,996			2,290,098			19,467			271,672
Net transfers⁽¹⁾		(13,586	)		(54,984	)		(898,806	)		2,132			57,391
Transfers for policy loans		—			(17,940	)		(20,320	)		—			—
Adjustments to net assets allocated to contracts in payment period		—			(493	)		(2,964	)		—			—
Contract charges		(134	)		(6,060	)		(15,342	)		—			(6	)
Contract terminations:
Surrender benefits		(64,316	)		(557,056	)		(2,337,468	)		(216	)		(504	)
Death benefits		—			(47,907	)		(498,534	)		—			(2,148	)
Increase (decrease) from transactions		(38,544	)		408,556			(1,483,336	)		21,383			326,405
Net assets at beginning of year		841,231			4,257,509			33,165,971			22,469			114,923
Net assets at end of year	$	838,122		$	5,119,367		$	42,053,541		$	46,491		$	425,857

Accumulation unit activity
Units outstanding at beginning of year		759,946			2,940,863			10,551,187			22,332			97,576
Units purchased		43,032			851,752			873,341			23,477			270,567
Units redeemed		(79,097	)		(539,360	)		(1,172,381	)		(1,750	)		(1,873	)
Units outstanding at end of year		723,881			3,253,255			10,252,147			44,059			366,270

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			53

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Fid VIP Gro & Inc, Serv Cl			Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Gro Opp, Serv Cl 2			Fid VIP Intl Cap Appr, Serv Cl 2			Fid VIP Invest Gr, Serv Cl 2
Operations
Investment income (loss) — net	$	5,186		$	43,876		$	(3,278)		$	(683	)	$	20,997
Net realized gain (loss) on sales of investments		68,158			253,681			2,855			1,084			(9	)
Distributions from capital gains		29,642			280,264			—			—			—
Net change in unrealized appreciation (depreciation) of investments		27,096			537,913			112,859			21,953			24,567
Net increase (decrease) in net assets resulting from operations		130,082			1,115,734			112,436			22,354			45,555

Contract transactions
Contract purchase payments		2,324			598,164			398,438			126,904			1,161,725
Net transfers⁽¹⁾		60,000			234,615			128,129			8,849			6,100
Transfers for policy loans		749			(33,564	)		—			(5,647	)		—
Adjustments to net assets allocated to contracts in payment period		—			(8,265	)		—			—			—
Contract charges		(219	)		(3,858	)		(52	)		—			(7	)
Contract terminations:
Surrender benefits		(111,840	)		(560,250	)		(1,552	)		(1,420	)		(502	)
Death benefits		(33,443	)		(128,358	)		—			—			—
Increase (decrease) from transactions		(82,429	)		98,484			524,963			128,686			1,167,316
Net assets at beginning of year		779,287			6,432,194			31,001			38,544			121,931
Net assets at end of year	$	826,940		$	7,646,412		$	668,400		$	189,584		$	1,334,802

Accumulation unit activity
Units outstanding at beginning of year		241,874			1,797,259			33,685			40,530			127,071
Units purchased		18,570			575,510			637,263			133,516			1,211,631
Units redeemed		(40,956	)		(200,258	)		(120,085	)		(12,005	)		(8	)
Units outstanding at end of year		219,488			2,172,511			550,863			162,041			1,338,694

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



54		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Fid VIP Mid Cap, Serv Cl			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2
Operations
Investment income (loss) — net	$	(5,437	)	$	(133,093)		$	183		$	(2,520	)	$	290,930
Net realized gain (loss) on sales of investments		8,771			(47,281	)		2,963			53,431			(205,309	)
Distributions from capital gains		42,835			663,372			535			5,924			—
Net change in unrealized appreciation (depreciation) of investments		155,049			2,455,762			31,921			336,920			608,020
Net increase (decrease) in net assets resulting from operations		201,218			2,938,760			35,602			393,755			693,641

Contract transactions
Contract purchase payments		17,529			1,096,086			2,330			33,381			1,238,333
Net transfers⁽¹⁾		60,525			228,998			983			25,022			(914,745	)
Transfers for policy loans		5,537			(41,580	)		—			(5,345	)		739
Adjustments to net assets allocated to contracts in payment period		—			20,529			—			(242	)		638
Contract charges		(474	)		(11,527	)		(35	)		(1,093	)		(3,644	)
Contract terminations:
Surrender benefits		(121,668	)		(1,480,953	)		(10,450	)		(248,101	)		(466,769	)
Death benefits		(1,952	)		(295,019	)		(4,698	)		(11,453	)		(114,167	)
Increase (decrease) from transactions		(40,503	)		(483,466	)		(11,870	)		(207,831	)		(259,615	)
Net assets at beginning of year		1,464,527			21,981,073			185,282			2,146,968			8,815,773
Net assets at end of year	$	1,625,242		$	24,436,367		$	209,014		$	2,332,892		$	9,249,799

Accumulation unit activity
Units outstanding at beginning of year		268,407			4,950,486			105,309			1,035,770			7,925,001
Units purchased		14,710			392,951			1,693			36,246			1,346,847
Units redeemed		(21,226	)		(442,569	)		(7,334	)		(139,713	)		(1,584,772	)
Units outstanding at end of year		261,891			4,900,868			99,668			932,303			7,687,076

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			55

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Frank Global Real Est, Cl 2			Frank Inc, Cl 2			Frank Inc, Cl 4			Frank Mutual Gbl Dis, Cl 4			Frank Mutual Shares, Cl 2
Operations
Investment income (loss) — net	$	40,152		$	168,964		$	18,774		$	136		$	63,501
Net realized gain (loss) on sales of investments		(85,588	)		(25,149	)		(2,687	)		(5	)		(131,918	)
Distributions from capital gains		—			264,589			30,110			621			651,128
Net change in unrealized appreciation (depreciation) of investments		239,357			(90,216	)		(8,510	)		2,138			327,443
Net increase (decrease) in net assets resulting from operations		193,921			318,188			37,687			2,890			910,154

Contract transactions
Contract purchase payments		30,852			14,842			230,536			17,642			121,064
Net transfers⁽¹⁾		14,215			344,550			125,124			(10	)		25,171
Transfers for policy loans		(296	)		(1,464	)		(1,654	)		—			(2,973	)
Adjustments to net assets allocated to contracts in payment period		(739	)		—			—			—			—
Contract charges		(1,642	)		(919	)		(55	)		—			(2,911	)
Contract terminations:
Surrender benefits		(176,852	)		(197,054	)		(14,940	)		—			(758,849	)
Death benefits		(7,644	)		(212,155	)		(6,729	)		—			(292,820	)
Increase (decrease) from transactions		(142,106	)		(52,200	)		332,282			17,632			(911,318	)
Net assets at beginning of year		2,014,747			4,307,964			345,891			10,763			7,817,895
Net assets at end of year	$	2,066,562		$	4,573,952		$	715,860		$	31,285		$	7,816,731

Accumulation unit activity
Units outstanding at beginning of year		974,000			2,970,774			357,261			9,717			3,453,108
Units purchased		28,594			303,635			453,698			15,730			89,503
Units redeemed		(104,342	)		(343,330	)		(121,974	)		—			(494,415	)
Units outstanding at end of year		898,252			2,931,079			688,985			25,447			3,048,196

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



56		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Frank Sm Cap Val, Cl 2			Frank Sm Cap Val, Cl 4			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor			GS VIT Multi-Strategy Alt, Serv
Operations
Investment income (loss) — net	$	(33,822	)	$	(1,660)		$	8,719		$	31,072		$	5,590
Net realized gain (loss) on sales of investments		(160,405	)		502			(11,409	)		(851	)		(44	)
Distributions from capital gains		406,573			8,450			155,995			—			—
Net change in unrealized appreciation (depreciation) of investments		582,734			25,314			475,554			5,710			(1,682	)
Net increase (decrease) in net assets resulting from operations		795,080			32,606			628,859			35,931			3,864

Contract transactions
Contract purchase payments		171,610			261,785			34,468			1,180			75,000
Net transfers⁽¹⁾		12,646			81,544			9,569			12,219			1,895
Transfers for policy loans		(9,828	)		—			2,237			—			—
Adjustments to net assets allocated to contracts in payment period		7,699			—			13,670			—			—
Contract charges		(3,002	)		—			(4,804	)		(59	)		(2	)
Contract terminations:
Surrender benefits		(318,315	)		(823	)		(304,876	)		(28,229	)		(145	)
Death benefits		(191,242	)		(3,798	)		(34,244	)		—			—
Increase (decrease) from transactions		(330,432	)		338,708			(283,980	)		(14,889	)		76,748
Net assets at beginning of year		7,114,040			36,922			6,210,746			574,239			14,218
Net assets at end of year	$	7,578,688		$	408,236		$	6,555,625		$	595,281		$	94,830

Accumulation unit activity
Units outstanding at beginning of year		1,755,754			36,203			989,057			613,639			13,553
Units purchased		76,619			339,370			10,256			15,897			79,786
Units redeemed		(163,940	)		(5,149	)		(55,558	)		(29,405	)		(1,773	)
Units outstanding at end of year		1,668,433			370,424			943,755			600,131			91,566

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			57

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	GS VIT Sm Cap Eq Insights, Inst			GS VIT Sm Cap Eq Insights, Serv			GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser I			Invesco VI Am Fran, Ser II
Operations
Investment income (loss) — net	$	234		$	243		$	(8,311)		$	(1,957	)	$	(15,356)
Net realized gain (loss) on sales of investments		(694	)		25			38,429			(13,052	)		(26,642	)
Distributions from capital gains		—			—			—			4,991			40,602
Net change in unrealized appreciation (depreciation) of investments		26,428			13,509			703,530			96,872			551,630
Net increase (decrease) in net assets resulting from operations		25,968			13,777			733,648			86,854			550,234

Contract transactions
Contract purchase payments		1,955			66,850			30,238			4,196			628
Net transfers⁽¹⁾		—			6,384			(41,203	)		(143,989	)		(49,986	)
Transfers for policy loans		—			(1,614	)		—			—			2,538
Adjustments to net assets allocated to contracts in payment period		—			—			16,778			—			—
Contract charges		(33	)		(5	)		(5,288	)		(111	)		(4,877	)
Contract terminations:
Surrender benefits		(9,393	)		(799	)		(401,925	)		(3,743	)		(85,422	)
Death benefits		—			—			(38,580	)		—			(28,125	)
Increase (decrease) from transactions		(7,471	)		70,816			(439,980	)		(143,647	)		(165,244	)
Net assets at beginning of year		145,090			34,597			3,399,122			309,181			1,465,576
Net assets at end of year	$	163,587		$	119,190		$	3,692,790		$	252,388		$	1,850,566

Accumulation unit activity
Units outstanding at beginning of year		40,519			35,315			1,100,753			115,809			565,542
Units purchased		503			72,634			10,022			1,329			1,782
Units redeemed		(2,434	)		(2,099	)		(143,814	)		(49,873	)		(55,080	)
Units outstanding at end of year		38,588			105,850			966,961			67,265			512,244

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



58		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Core Eq, Ser I			Invesco VI Core Plus Bond, Ser II			Invesco VI Dis Mid Cap Gro, Ser I
Operations
Investment income (loss) — net	$	(13,956	)	$	27,143		$	(27,080)		$	6,510		$	(5,185)
Net realized gain (loss) on sales of investments		(31,959	)		131,568			(9,969	)		(56	)		(5,159	)
Distributions from capital gains		—			460,890			122,902			—			—
Net change in unrealized appreciation (depreciation) of investments		110,487			(182,222	)		931,919			12,193			84,557
Net increase (decrease) in net assets resulting from operations		64,572			437,379			1,017,772			18,647			74,213

Contract transactions
Contract purchase payments		66,629			29,393			19,491			267,478			4,873
Net transfers⁽¹⁾		84,911			(85,986	)		9,152			19,661			4,437
Transfers for policy loans		—			(4,037	)		1,749			—			(218	)
Adjustments to net assets allocated to contracts in payment period		—			—			(4,113	)		—			—
Contract charges		(175	)		(8,530	)		(1,843	)		—			(266	)
Contract terminations:
Surrender benefits		(85,146	)		(339,686	)		(377,751	)		(2,081	)		(14,059	)
Death benefits		—			(29,049	)		(97,607	)		—			—
Increase (decrease) from transactions		66,219			(437,895	)		(450,922	)		285,058			(5,233	)
Net assets at beginning of year		1,192,577			4,182,399			4,857,804			118,219			608,753
Net assets at end of year	$	1,323,368		$	4,181,883		$	5,424,654		$	421,924		$	677,733

Accumulation unit activity
Units outstanding at beginning of year		986,420			1,336,766			1,202,022			124,495			499,339
Units purchased		134,433			12,952			6,725			304,276			7,367
Units redeemed		(79,997	)		(146,051	)		(106,597	)		(1,963	)		(11,387	)
Units outstanding at end of year		1,040,856			1,203,667			1,102,150			426,808			495,319

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			59

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Invesco VI Dis Mid Cap Gro, Ser II			Invesco VI Div Divd, Ser I			Invesco VI Div Divd, Ser II			Invesco VI EQV Intl Eq, Ser II			Invesco VI Global, Ser II
Operations
Investment income (loss) — net	$	(3,842	)	$	7,134		$	2,063		$	(17,232	)	$	(76,225)
Net realized gain (loss) on sales of investments		(10,103	)		1,269			3,946			(17,930	)		(113,628	)
Distributions from capital gains		—			55,749			22,454			1,402			857,611
Net change in unrealized appreciation (depreciation) of investments		58,439			(11,503	)		(7,923	)		323,453			1,440,402
Net increase (decrease) in net assets resulting from operations		44,494			52,649			20,540			289,693			2,108,160

Contract transactions
Contract purchase payments		14,119			4,139			6,229			23,780			267,727
Net transfers⁽¹⁾		(183	)		6,906			(1,657	)		197			(665,551	)
Transfers for policy loans		—			112			—			4,889			7,608
Adjustments to net assets allocated to contracts in payment period		—			—			—			(4,966	)		—
Contract charges		(456	)		(151	)		(405	)		(1,752	)		(1,209	)
Contract terminations:
Surrender benefits		(19,098	)		(8,843	)		(34,934	)		(173,252	)		(549,118	)
Death benefits		(2,640	)		(62	)		—			(43,756	)		(81,705	)
Increase (decrease) from transactions		(8,258	)		2,101			(30,767	)		(194,860	)		(1,022,248	)
Net assets at beginning of year		382,996			651,887			293,668			1,850,949			6,813,061
Net assets at end of year	$	419,232		$	706,637		$	283,441		$	1,945,782		$	7,898,973

Accumulation unit activity
Units outstanding at beginning of year		317,219			261,642			121,032			968,137			2,661,724
Units purchased		12,481			4,399			3,810			31,951			104,681
Units redeemed		(19,095	)		(3,452	)		(16,264	)		(127,052	)		(450,764	)
Units outstanding at end of year		310,605			262,589			108,578			873,036			2,315,641

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



60		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Invesco VI Gbl Strat Inc, Ser II			Invesco VI Hlth, Ser II			Invesco VI Main St, Ser II			Invesco VI Mn St Sm Cap, Ser II			Invesco VI Tech, Ser I
Operations
Investment income (loss) — net	$	(60,941	)	$	(13,139)		$	(719)		$	(4,622	)	$	(9,002)
Net realized gain (loss) on sales of investments		(150,993	)		(26,704	)		(6,421	)		15,697			(16,066	)
Distributions from capital gains		—			—			10,459			—			—
Net change in unrealized appreciation (depreciation) of investments		679,215			61,374			27,416			866,147			415,368
Net increase (decrease) in net assets resulting from operations		467,281			21,531			30,735			877,222			390,300

Contract transactions
Contract purchase payments		52,554			19,557			2,273			433,086			8,501
Net transfers⁽¹⁾		2,873			(5,109	)		(677	)		139,988			27,637
Transfers for policy loans		(2,637	)		635			—			(2,370	)		(942	)
Adjustments to net assets allocated to contracts in payment period		(8	)		(3,751	)		—			—			—
Contract charges		(9,166	)		(624	)		(99	)		(1,013	)		(1,449	)
Contract terminations:
Surrender benefits		(428,960	)		(150,425	)		(19,213	)		(269,123	)		(51,540	)
Death benefits		(88,008	)		(5,076	)		—			(53,483	)		(6,473	)
Increase (decrease) from transactions		(473,352	)		(144,793	)		(17,716	)		247,085			(24,266	)
Net assets at beginning of year		6,457,231			1,456,992			146,594			5,129,314			858,838
Net assets at end of year	$	6,451,160		$	1,333,730		$	159,613		$	6,253,621		$	1,224,872

Accumulation unit activity
Units outstanding at beginning of year		4,643,195			463,064			101,508			1,516,878			366,867
Units purchased		66,822			13,495			1,431			172,698			12,874
Units redeemed		(395,514	)		(58,513	)		(12,079	)		(95,827	)		(19,199	)
Units outstanding at end of year		4,314,503			418,046			90,860			1,593,749			360,542

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			61

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Invesco VI Tech, Ser II			Janus Henderson VIT Bal, Serv			Janus Henderson VIT Enter, Serv			Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Forty, Serv
Operations
Investment income (loss) — net	$	(2,229	)	$	100,498		$	(3,618)		$	48,993		$	(768)
Net realized gain (loss) on sales of investments		1,257			60,551			8,048			(31,492	)		693
Distributions from capital gains		—			—			36,536			—			—
Net change in unrealized appreciation (depreciation) of investments		89,369			1,773,574			30,586			64,531			23,744
Net increase (decrease) in net assets resulting from operations		88,397			1,934,623			71,552			82,032			23,669

Contract transactions
Contract purchase payments		392,979			949,672			2,200			500,669			102,907
Net transfers⁽¹⁾		(650	)		1,763,077			—			268,097			11,867
Transfers for policy loans		(1,566	)		(49,783	)		209			121			(2,702	)
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		—			(3,121	)		(160	)		(317	)		(6	)
Contract terminations:
Surrender benefits		(784	)		(603,764	)		(16,006	)		(210,692	)		(182	)
Death benefits		(2,713	)		(101,518	)		(38,554	)		(2,438	)		—
Increase (decrease) from transactions		387,266			1,954,563			(52,311	)		555,440			111,884
Net assets at beginning of year		26,394			13,132,612			453,054			1,503,773			40,922
Net assets at end of year	$	502,057		$	17,021,798		$	472,295		$	2,141,245		$	176,475

Accumulation unit activity
Units outstanding at beginning of year		30,894			10,241,261			182,247			1,503,370			44,644
Units purchased		528,859			2,019,539			874			760,993			103,665
Units redeemed		(131,348	)		(607,731	)		(20,029	)		(208,409	)		(3,145	)
Units outstanding at end of year		428,405			11,653,069			163,092			2,055,954			145,164

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



62		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Janus Hend VIT Gbl Tech Innov, Srv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv			Lazard Ret Emer Mkts Eq, Serv			Lazard Ret Global Dyn MA, Serv
Operations
Investment income (loss) — net	$	(8,050	)	$	6,016		$	(26,998)		$	428		$	(11,905)
Net realized gain (loss) on sales of investments		16,589			16,893			77,493			(7	)		(5,050	)
Distributions from capital gains		—			—			—			—			54,018
Net change in unrealized appreciation (depreciation) of investments		398,130			70,707			919,668			928			55,169
Net increase (decrease) in net assets resulting from operations		406,669			93,616			970,163			1,349			92,232

Contract transactions
Contract purchase payments		156,114			183,421			17,452			11,501			—
Net transfers⁽¹⁾		42,225			22,945			21,879			52			(16,179	)
Transfers for policy loans		22			(29	)		—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(210	)		(341	)		(3,533	)		—			(92	)
Contract terminations:
Surrender benefits		(31,294	)		(77,205	)		(333,842	)		(103	)		(38,019	)
Death benefits		(53,227	)		(50,166	)		(53,280	)		—			(632	)
Increase (decrease) from transactions		113,630			78,625			(351,324	)		11,450			(54,922	)
Net assets at beginning of year		696,646			960,541			2,493,404			1,557			1,007,292
Net assets at end of year	$	1,216,945		$	1,132,782		$	3,112,243		$	14,356		$	1,044,602

Accumulation unit activity
Units outstanding at beginning of year		317,202			506,234			901,839			—			764,014
Units purchased		238,005			122,204			69,112			11,226			1,650
Units redeemed		(72,965	)		(62,765	)		(173,999	)		—			(41,230	)
Units outstanding at end of year		482,242			565,673			796,952			11,226			724,434

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			63

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Lord Abt Bond Debenture, Cl VC			Lord Abt Short Dur Inc, Cl VC			LVIP JPM US Eq, Serv Cl⁽²⁾			MFS Gbl Real Est, Serv Cl			MFS Intl Gro, Serv Cl
Operations
Investment income (loss) — net	$	24,671		$	13,753		$	(26)		$	(340	)	$	(11)
Net realized gain (loss) on sales of investments		(350	)		113			156			45			601
Distributions from capital gains		—			—			789			6,280			2,305
Net change in unrealized appreciation (depreciation) of investments		(6,457	)		(2,329	)		23,110			4,388			8,527
Net increase (decrease) in net assets resulting from operations		17,864			11,537			24,029			10,373			11,422

Contract transactions
Contract purchase payments		453,137			96,081			24,978			74,138			61,775
Net transfers⁽¹⁾		14,013			91,909			130,587			2,261			7,612
Transfers for policy loans		—			(3,359	)		—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(33	)		(27	)		(40	)		—			(2	)
Contract terminations:
Surrender benefits		(818	)		(1,114	)		—			(2,226	)		(413	)
Death benefits		(10,273	)		(5,073	)		—			—			—
Increase (decrease) from transactions		456,026			178,417			155,525			74,173			68,972
Net assets at beginning of year		84,867			180,060			—			37,241			47,239
Net assets at end of year	$	558,757		$	370,014		$	179,554		$	121,787		$	127,633

Accumulation unit activity
Units outstanding at beginning of year		88,537			183,235			—			44,226			47,113
Units purchased		683,152			189,555			152,810			92,668			67,635
Units redeemed		(214,060	)		(9,453	)		(37	)		(2,158	)		(218	)
Units outstanding at end of year		557,629			363,337			152,773			134,736			114,530

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period April 28, 2023 (commencement of operations) to December 31, 2023.

See accompanying notes to financial statements.



64		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	MFS Mass Inv Gro Stock, Serv Cl			MFS New Dis, Serv Cl			MFS Research Intl, Serv Cl			MFS Utilities, Serv Cl			MS VIF Dis, Cl II
Operations
Investment income (loss) — net	$	(28,072	)	$	(12,479)		$	64		$	136,568		$	(34,438)
Net realized gain (loss) on sales of investments		14,100			(134,728	)		7			16,434			(858,183	)
Distributions from capital gains		167,077			—			—			327,518			—
Net change in unrealized appreciation (depreciation) of investments		500,477			326,050			1,212			(684,107	)		2,068,423
Net increase (decrease) in net assets resulting from operations		653,582			178,843			1,283			(203,587	)		1,175,802

Contract transactions
Contract purchase payments		30,519			14,822			19,030			343,138			310,140
Net transfers⁽¹⁾		(1,223	)		107,183			6,977			602,728			146,441
Transfers for policy loans		(1,756	)		4,403			—			415			1,399
Adjustments to net assets allocated to contracts in payment period		—			—			—			3			—
Contract charges		(1,984	)		(680	)		—			(1,673	)		(1,308	)
Contract terminations:
Surrender benefits		(227,044	)		(152,979	)		(78	)		(230,769	)		(203,152	)
Death benefits		(40,442	)		(60,645	)		—			(359,981	)		(46,497	)
Increase (decrease) from transactions		(241,930	)		(87,896	)		25,929			353,861			207,023
Net assets at beginning of year		3,024,190			1,393,224			4,750			5,904,988			2,615,137
Net assets at end of year	$	3,435,842		$	1,484,171		$	31,962		$	6,055,262		$	3,997,962

Accumulation unit activity
Units outstanding at beginning of year		1,402,152			444,205			3,669			1,415,905			1,012,179
Units purchased		18,880			31,653			24,814			242,953			176,225
Units redeemed		(120,431	)		(65,453	)		—			(145,546	)		(111,961	)
Units outstanding at end of year		1,300,601			410,405			28,483			1,513,312			1,076,443

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			65

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	MS VIF Global Real Est, Cl II			NB AMT Intl Eq, Cl S			NB AMT Sus Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			PIMCO VIT All Asset, Advisor Cl
Operations
Investment income (loss) — net	$	4,956		$	(4,951)		$	(11,316)		$	(2,002	)	$	57,302
Net realized gain (loss) on sales of investments		(24,518	)		(35,410	)		12,527			(275	)		(118,962	)
Distributions from capital gains		—			—			19,073			—			—
Net change in unrealized appreciation (depreciation) of investments		65,897			105,901			242,188			26,060			269,579
Net increase (decrease) in net assets resulting from operations		46,335			65,540			262,472			23,783			207,919

Contract transactions
Contract purchase payments		7,336			11,831			18,368			7,137			161,789
Net transfers⁽¹⁾		7,218			(23,461	)		111,535			47,601			46,486
Transfers for policy loans		288			153			—			—			(136	)
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(757	)		(860	)		(218	)		(14	)		(3,662	)
Contract terminations:
Surrender benefits		(65,820	)		(84,618	)		(60,259	)		(442	)		(274,121	)
Death benefits		(16,309	)		(6,022	)		(24,068	)		(3,615	)		(164,107	)
Increase (decrease) from transactions		(68,044	)		(102,977	)		45,358			50,667			(233,751	)
Net assets at beginning of year		529,556			588,115			994,685			156,905			3,172,708
Net assets at end of year	$	507,847		$	550,678		$	1,302,515		$	231,355		$	3,146,876

Accumulation unit activity
Units outstanding at beginning of year		437,890			432,365			323,478			139,783			1,795,914
Units purchased		15,253			8,155			41,549			45,344			221,182
Units redeemed		(69,209	)		(81,544	)		(26,147	)		(3,238	)		(356,483	)
Units outstanding at end of year		383,934			358,976			338,880			181,889			1,660,613

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



66		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	PIMCO VIT Glb Man As Alloc, Adv Cl			PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB			Put VT Intl Eq, Cl IB			Put VT Intl Val, Cl IB
Operations
Investment income (loss) — net	$	2,804		$	158,207		$	(7,568)		$	(3,321	)	$	12
Net realized gain (loss) on sales of investments		(10,511	)		(58,530	)		3,117			2,058			61
Distributions from capital gains		—			—			92,671			—			—
Net change in unrealized appreciation (depreciation) of investments		37,820			217,916			9,879			69,356			3,145
Net increase (decrease) in net assets resulting from operations		30,113			317,593			98,099			68,093			3,218

Contract transactions
Contract purchase payments		—			695,099			141,655			2,958			1,500
Net transfers⁽¹⁾		(11,914	)		429,691			49,193			4,493			12,810
Transfers for policy loans		—			(3,725	)		(853	)		—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			(278	)		—
Contract charges		(86	)		(432	)		(1,241	)		(263	)		(11	)
Contract terminations:
Surrender benefits		(24,418	)		(199,984	)		(139,680	)		(16,176	)		(162	)
Death benefits		—			(35,790	)		(1,738	)		—			—
Increase (decrease) from transactions		(36,418	)		884,859			47,336			(9,266	)		14,137
Net assets at beginning of year		278,135			6,166,424			1,190,584			389,265			13,216
Net assets at end of year	$	271,830		$	7,368,876		$	1,336,019		$	448,092		$	30,571

Accumulation unit activity
Units outstanding at beginning of year		221,417			6,351,480			290,684			205,370			11,786
Units purchased		3,665			1,332,888			135,510			5,983			13,284
Units redeemed		(30,979	)		(433,961	)		(36,532	)		(10,162	)		(446	)
Units outstanding at end of year		194,103			7,250,407			389,662			201,191			24,624

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			67

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Put VT Lg Cap Val, Cl IB			Put VT Sus Fut, Cl IB			Put VT Sus Leaders, Cl IA			Put VT Sus Leaders, Cl IB			Royce Micro-Cap, Invest Cl
Operations
Investment income (loss) — net	$	1,112		$	(114)		$	(31,533)		$	(2,971	)	$	(2,657)
Net realized gain (loss) on sales of investments		(27	)		10			86,654			7,133			(2,799	)
Distributions from capital gains		11,975			—			187,574			27,679			—
Net change in unrealized appreciation (depreciation) of investments		38,215			2,521			1,132,083			159,338			55,134
Net increase (decrease) in net assets resulting from operations		51,275			2,417			1,374,778			191,179			49,678

Contract transactions
Contract purchase payments		386,621			1,800			14,618			6,798			2,260
Net transfers⁽¹⁾		75,117			(166	)		895			(4,708	)		83
Transfers for policy loans		—			—			1,460			(4,244	)		—
Adjustments to net assets allocated to contracts in payment period		—			—			37,051			—			—
Contract charges		(43	)		—			(2,729	)		(314	)		(115	)
Contract terminations:
Surrender benefits		(3,675	)		(68	)		(398,492	)		(37,781	)		(17,863	)
Death benefits		—			—			(399,146	)		(49,076	)		(1,095	)
Increase (decrease) from transactions		458,020			1,566			(746,343	)		(89,325	)		(16,730	)
Net assets at beginning of year		88,731			7,568			6,061,073			828,388			286,135
Net assets at end of year	$	598,026		$	11,551		$	6,689,508		$	930,242		$	319,083

Accumulation unit activity
Units outstanding at beginning of year		86,323			7,405			1,301,543			211,427			68,076
Units purchased		435,893			1,978			3,187			1,526			508
Units redeemed		(3,081	)		(155	)		(161,491	)		(22,696	)		(3,990	)
Units outstanding at end of year		519,135			9,228			1,143,239			190,257			64,594

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



68		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	Temp Global Bond, Cl 2			Third Ave VST Third Ave Value			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2			VP Aggr, Cl 4
Operations
Investment income (loss) — net	$	(13,442	)	$	7,310		$	(9,992)		$	(367,577	)	$	(323,673)
Net realized gain (loss) on sales of investments		(33,664	)		6,101			(24,097	)		2,585,297			1,738,261
Distributions from capital gains		—			32,629			—			—			—
Net change in unrealized appreciation (depreciation) of investments		69,493			43,900			108,803			3,135,240			3,773,024
Net increase (decrease) in net assets resulting from operations		22,387			89,940			74,714			5,352,960			5,187,612

Contract transactions
Contract purchase payments		10,246			60			157,547			3,125,274			580,889
Net transfers⁽¹⁾		48,850			(5,891	)		17,893			(856,343	)		(863,154	)
Transfers for policy loans		—			5,537			—			(41,514	)		(37,840	)
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(85	)		(131	)		(74	)		(123,674	)		(197,924	)
Contract terminations:
Surrender benefits		(62,495	)		(14,159	)		(55,916	)		(4,294,142	)		(2,039,205	)
Death benefits		(17,070	)		(113	)		(158,427	)		(65,331	)		(19,654	)
Increase (decrease) from transactions		(20,554	)		(14,697	)		(38,977	)		(2,255,730	)		(2,576,888	)
Net assets at beginning of year		1,288,175			459,673			912,490			35,279,236			33,389,733
Net assets at end of year	$	1,290,008		$	534,916		$	948,227		$	38,376,466		$	36,000,457

Accumulation unit activity
Units outstanding at beginning of year		1,593,116			137,975			918,529			16,718,111			15,642,489
Units purchased		97,567			1,437			185,721			2,262,677			255,176
Units redeemed		(121,744	)		(5,393	)		(225,286	)		(3,295,045	)		(1,375,805	)
Units outstanding at end of year		1,568,939			134,019			878,964			15,685,743			14,521,860

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			69

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP Conserv, Cl 2			VP Conserv, Cl 4			VP Man Risk, Cl 2			VP Man Risk US, Cl 2			VP Man Vol Conserv, Cl 2
Operations
Investment income (loss) — net	$	(267,353	)	$	(213,224)		$	(89,817)		$	(296,425	)	$	(421,930)
Net realized gain (loss) on sales of investments		292,941			357,623			72,408			113,306			4,416
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		1,781,396			1,361,291			968,847			3,965,056			2,969,022
Net increase (decrease) in net assets resulting from operations		1,806,984			1,505,690			951,438			3,781,937			2,551,508

Contract transactions
Contract purchase payments		1,046,632			55,014			192,139			188,044			34,180
Net transfers⁽¹⁾		(851,794	)		(38,624	)		(194,285	)		426,972			(1,714,486	)
Transfers for policy loans		8,694			3,730			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(245,840	)		(149,840	)		(150,296	)		(454,060	)		(621,802	)
Contract terminations:
Surrender benefits		(2,393,503	)		(1,815,398	)		(194,359	)		(978,748	)		(2,561,575	)
Death benefits		(525,522	)		(595,399	)		(22,943	)		(376,678	)		(718,145	)
Increase (decrease) from transactions		(2,961,333	)		(2,540,517	)		(369,744	)		(1,194,470	)		(5,581,828	)
Net assets at beginning of year		26,274,225			21,890,274			8,684,655			28,892,386			42,398,093
Net assets at end of year	$	25,119,876		$	20,855,447		$	9,266,349		$	31,479,853		$	39,367,773

Accumulation unit activity
Units outstanding at beginning of year		21,162,693			17,531,650			8,135,855			24,762,261			39,569,687
Units purchased		1,161,896			285,164			176,053			563,914			124,947
Units redeemed		(3,470,324	)		(2,250,191	)		(502,704	)		(1,536,173	)		(5,286,841	)
Units outstanding at end of year		18,854,265			15,566,623			7,809,204			23,790,002			34,407,793

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



70		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP Man Vol Conserv Gro, Cl 2			VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2			VP Mod, Cl 4
Operations
Investment income (loss) — net	$	(815,310	)	$	(5,599,402)		$	(8,425,392)		$	(4,100,682	)	$	(3,055,934)
Net realized gain (loss) on sales of investments		1,620,574			11,648,841			23,748,033			14,081,055			19,265,944
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		5,774,272			64,974,582			71,066,648			34,631,169			19,597,995
Net increase (decrease) in net assets resulting from operations		6,579,536			71,024,021			86,389,289			44,611,542			35,808,005

Contract transactions
Contract purchase payments		236,086			995,438			2,851,554			9,317,509			473,054
Net transfers⁽¹⁾		(6,483,653	)		(280,901	)		(4,915,810	)		3,034,392			2,679,358
Transfers for policy loans		—			—			1,823			36,708			6,807
Adjustments to net assets allocated to contracts in payment period		—			—			—			63,703			—
Contract charges		(1,033,298	)		(8,412,009	)		(12,281,535	)		(3,822,521	)		(2,422,995	)
Contract terminations:
Surrender benefits		(4,195,879	)		(19,801,174	)		(56,583,111	)		(27,460,692	)		(29,146,875	)
Death benefits		(1,133,197	)		(5,130,336	)		(7,007,660	)		(10,350,641	)		(8,653,970	)
Increase (decrease) from transactions		(12,609,941	)		(32,628,982	)		(77,934,739	)		(29,181,542	)		(37,064,621	)
Net assets at beginning of year		80,818,146			545,865,336			820,314,320			394,023,401			322,208,885
Net assets at end of year	$	74,787,741		$	584,260,375		$	828,768,870		$	409,453,401		$	320,952,269

Accumulation unit activity
Units outstanding at beginning of year		69,474,899			399,971,517			616,103,823			236,316,202			191,236,490
Units purchased		265,271			9,763,003			18,474,250			10,476,225			1,954,340
Units redeemed		(10,713,019	)		(32,659,170	)		(76,402,926	)		(27,228,511	)		(22,921,708	)
Units outstanding at end of year		59,027,151			377,075,350			558,175,147			219,563,916			170,269,122

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			71

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP Mod Aggr, Cl 2			VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4			VP Ptnrs Core Bond, Cl 2
Operations
Investment income (loss) — net	$	(1,454,488	)	$	(860,768)		$	(675,569)		$	(532,086	)	$	18,981
Net realized gain (loss) on sales of investments		6,803,994			7,428,336			1,704,012			3,237,279			(11,770	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		13,421,412			5,321,275			4,754,353			2,229,584			57,685
Net increase (decrease) in net assets resulting from operations		18,770,918			11,888,843			5,782,796			4,934,777			64,896

Contract transactions
Contract purchase payments		9,487,466			1,004,368			1,175,065			43,208			146,944
Net transfers⁽¹⁾		(6,655,675	)		(4,784,383	)		(1,304,891	)		(1,469,582	)		54,143
Transfers for policy loans		45,778			78,142			5,779			3,218			—
Adjustments to net assets allocated to contracts in payment period		(18,931	)		—			109,218			—			—
Contract charges		(623,562	)		(506,433	)		(567,474	)		(371,673	)		(4,548	)
Contract terminations:
Surrender benefits		(10,962,052	)		(7,770,140	)		(4,326,615	)		(6,050,382	)		(31,593	)
Death benefits		(428,991	)		(1,325,408	)		(1,196,565	)		(1,500,116	)		—
Increase (decrease) from transactions		(9,155,967	)		(13,303,854	)		(6,105,483	)		(9,345,327	)		164,946
Net assets at beginning of year		140,345,227			92,293,228			65,320,950			57,449,778			1,204,295
Net assets at end of year	$	149,960,178		$	90,878,217		$	64,998,263		$	53,039,228		$	1,434,137

Accumulation unit activity
Units outstanding at beginning of year		74,605,373			48,591,859			45,490,551			39,603,491			1,129,391
Units purchased		4,994,655			537,817			1,011,241			168,367			194,958
Units redeemed		(9,531,748	)		(7,084,396	)		(5,148,873	)		(6,384,449	)		(43,858	)
Units outstanding at end of year		70,068,280			42,045,280			41,352,919			33,387,409			1,280,491

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



72		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP Ptnrs Core Eq, Cl 2			VP Ptnrs Core Eq, Cl 3			VP Ptnrs Intl Core Eq, Cl 2			VP Ptnrs Intl Gro, Cl 2			VP Ptnrs Intl Val, Cl 2
Operations
Investment income (loss) — net	$	(4,179	)	$	(11,303)		$	372		$	(18,213	)	$	13,036
Net realized gain (loss) on sales of investments		41,819			199,768			(13,146	)		(16,362	)		(1,181	)
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		70,989			62,678			168,214			302,211			217,643
Net increase (decrease) in net assets resulting from operations		108,629			251,143			155,440			267,636			229,498

Contract transactions
Contract purchase payments		1,315			6,551			199,940			30,622			98,955
Net transfers⁽¹⁾		177,347			(49,917	)		73,218			40,307			(33,604	)
Transfers for policy loans		—			603			—			742			—
Adjustments to net assets allocated to contracts in payment period		—			—			779			—			—
Contract charges		(38	)		(3,150	)		(983	)		(1,234	)		(673	)
Contract terminations:
Surrender benefits		(6,330	)		(190,569	)		(19,832	)		(20,985	)		(42,055	)
Death benefits		(1,783	)		(36,330	)		(11,118	)		(25,838	)		(48,689	)
Increase (decrease) from transactions		170,511			(272,812	)		242,004			23,614			(26,066	)
Net assets at beginning of year		403,478			1,231,122			892,510			2,010,317			1,500,065
Net assets at end of year	$	682,618		$	1,209,453		$	1,289,954		$	2,301,567		$	1,703,497

Accumulation unit activity
Units outstanding at beginning of year		273,318			473,615			623,375			1,291,988			1,269,862
Units purchased		62,746			2,507			176,155			67,728			75,128
Units redeemed		(20,190	)		(98,627	)		(22,913	)		(54,519	)		(100,387	)
Units outstanding at end of year		315,874			377,495			776,617			1,305,197			1,244,603

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			73

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP Ptnrs Sm Cap Gro, Cl 2			VP Ptnrs Sm Cap Val, Cl 2			VP Ptnrs Sm Cap Val, Cl 3			VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2
Operations
Investment income (loss) — net	$	(16,686	)	$	(8,612)		$	(23,101)		$	(241,094	)	$	(2,283,256)
Net realized gain (loss) on sales of investments		17,718			9,259			159,538			64,288			2,255,443
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		93,525			86,856			118,903			2,396,718			33,295,469
Net increase (decrease) in net assets resulting from operations		94,557			87,503			255,340			2,219,912			33,267,656

Contract transactions
Contract purchase payments		101,674			45,161			30,423			157,420			1,123,718
Net transfers⁽¹⁾		215,630			121,341			27,451			96,090			3,863,395
Transfers for policy loans		—			—			941			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(3,935	)		(1,940	)		(5,118	)		(234,278	)		(3,807,072	)
Contract terminations:
Surrender benefits		(76,895	)		(41,067	)		(233,276	)		(500,969	)		(6,163,704	)
Death benefits		(32,138	)		—			(17,068	)		(210,711	)		(1,331,136	)
Increase (decrease) from transactions		204,336			123,495			(196,647	)		(692,448	)		(6,314,799	)
Net assets at beginning of year		1,423,700			748,569			2,611,346			22,381,810			216,056,317
Net assets at end of year	$	1,722,593		$	959,567		$	2,670,039		$	23,909,274		$	243,009,174

Accumulation unit activity
Units outstanding at beginning of year		564,584			333,396			750,706			20,016,379			165,011,705
Units purchased		135,032			75,402			20,244			617,572			5,094,216
Units redeemed		(56,716	)		(20,515	)		(76,572	)		(1,211,524	)		(9,619,350	)
Units outstanding at end of year		642,900			388,283			694,378			19,422,427			160,486,571

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



74		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2023 (continued)	VP US Flex Mod Gro, Cl 2			Wanger Acorn			Wanger Intl			WA Var Global Hi Yd Bond, Cl II
Operations
Investment income (loss) — net	$	(1,306,654	)	$	(70,552)		$	(30,891)		$	20,742
Net realized gain (loss) on sales of investments		977,086			(724,456	)		(236,320	)		(27,746	)
Distributions from capital gains		—			—			—			—
Net change in unrealized appreciation (depreciation) of investments		15,464,347			2,306,153			1,072,364			49,736
Net increase (decrease) in net assets resulting from operations		15,134,779			1,511,145			805,153			42,732

Contract transactions
Contract purchase payments		1,662,332			82,957			143,059			28,428
Net transfers⁽¹⁾		6,286,873			(100,729	)		(111,614	)		(43,769	)
Transfers for policy loans		—			204			895			—
Adjustments to net assets allocated to contracts in payment period		—			(1,556	)		5,393			—
Contract charges		(1,812,411	)		(6,664	)		(5,325	)		(35	)
Contract terminations:
Surrender benefits		(5,415,191	)		(640,608	)		(417,157	)		(19,494	)
Death benefits		(1,669,211	)		(99,127	)		(59,501	)		(43,142	)
Increase (decrease) from transactions		(947,608	)		(765,523	)		(444,250	)		(78,012	)
Net assets at beginning of year		121,919,526			7,660,058			5,273,349			565,030
Net assets at end of year	$	136,106,697		$	8,405,680		$	5,634,252		$	529,750

Accumulation unit activity
Units outstanding at beginning of year		100,110,276			1,848,451			2,052,964			519,237
Units purchased		6,704,919			39,137			49,586			29,819
Units redeemed		(7,697,333	)		(196,532	)		(219,703	)		(101,679	)
Units outstanding at end of year		99,117,862			1,691,056			1,882,847			447,377

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			75

Statement of Changes in Net Assets


Year ended December 31, 2022	AB VPS Dyn Asset Alloc, Cl B			AB VPS Intl Val, Cl B			AB VPS Lg Cap Gro, Cl B			AB VPS Relative Val, Cl B			AB VPS Sus Gbl Thematic, Cl B
Operations
Investment income (loss) — net	$	9,711		$	119,355		$	(76,891)		$	10,738		$	(4,520	)
Net realized gain (loss) on sales of investments		(5,181	)		(37,003	)		1,956			98,950			16,015
Distributions from capital gains		242,844			—			944,295			778,118			53,328
Net change in unrealized appreciation or depreciation of investments		(410,075	)		(708,982	)		(3,497,744	)		(1,162,770	)		(251,234	)
Net increase (decrease) in net assets resulting from operations		(162,701	)		(626,630	)		(2,628,384	)		(274,964	)		(186,411	)

Contract transactions
Contract purchase payments		16,844			73,768			939,045			171,692			4,222
Net transfers⁽¹⁾		447,554			(8,497	)		263,881			(63,259	)		(22,756	)
Transfers for policy loans		—			6,822			530			11,044			—
Adjustments to net assets allocated to contracts in payment period		—			(2,101	)		(9,699	)		—			—
Contract charges		(230	)		(4,714	)		(1,542	)		(2,411	)		(577	)
Contract terminations:
Surrender benefits		(14,482	)		(306,368	)		(176,154	)		(400,096	)		(33,461	)
Death benefits		(1,750	)		(30,564	)		(27,846	)		(9,714	)		—
Increase (decrease) from transactions		447,936			(271,654	)		988,215			(292,744	)		(52,572	)
Net assets at beginning of year		866,153			4,426,711			8,593,363			5,256,291			680,893
Net assets at end of year	$	1,151,388		$	3,528,427		$	6,953,194		$	4,688,583		$	441,910

Accumulation unit activity
Units outstanding at beginning of year		599,592			2,577,364			1,316,299			1,488,302			186,068
Units purchased		398,620			70,186			419,184			67,429			3,286
Units redeemed		(14,209	)		(262,976	)		(60,383	)		(148,366	)		(21,803	)
Units outstanding at end of year		984,003			2,384,574			1,675,100			1,407,365			167,551

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



76		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Allspg VT Index Asset Alloc, Cl 2			Allspg VT Intl Eq, Cl 2			Allspg VT Opp, Cl 2			Allspg VT Sm Cap Gro, Cl 2			ALPS Alerian Engy Infr, Class III
Operations
Investment income (loss) — net	$	(4,493)		$	27,121		$	(23,541)		$	(46,074)		$	65,285
Net realized gain (loss) on sales of investments		24,309			(79,842	)		56,871			(43,230	)		67,760
Distributions from capital gains		250,312			—			477,841			797,891			—
Net change in unrealized appreciation or depreciation of investments		(719,738	)		(88,109	)		(1,186,896	)		(2,986,294	)		149,225
Net increase (decrease) in net assets resulting from operations		(449,610	)		(140,830	)		(675,725	)		(2,277,707	)		282,270

Contract transactions
Contract purchase payments		30,412			5,028			31,116			140,319			38,243
Net transfers⁽¹⁾		(33,372	)		25,112			(146,979	)		205,897			(8,301	)
Transfers for policy loans		18,682			—			477			2,682			242
Adjustments to net assets allocated to contracts in payment period		—			(1,025	)		(7,303	)		—			—
Contract charges		(1,401	)		(1,800	)		(894	)		(1,664	)		(542	)
Contract terminations:
Surrender benefits		(175,577	)		(93,670	)		(289,516	)		(238,408	)		(127,578	)
Death benefits		—			(9,852	)		(2,354	)		(56,139	)		(6,898	)
Increase (decrease) from transactions		(161,256	)		(76,207	)		(415,453	)		52,687			(104,834	)
Net assets at beginning of year		2,588,488			1,142,400			3,255,183			6,481,313			1,785,694
Net assets at end of year	$	1,977,622		$	925,363		$	2,164,005		$	4,256,293		$	1,963,130

Accumulation unit activity
Units outstanding at beginning of year		692,343			675,597			635,383			1,096,400			1,865,122
Units purchased		24,167			29,621			7,949			112,035			139,001
Units redeemed		(74,506	)		(77,892	)		(110,398	)		(95,148	)		(237,498	)
Units outstanding at end of year		642,004			627,326			532,934			1,113,287			1,766,625

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			77

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	AC VP Intl, Cl I			AC VP Intl, Cl II			AC VP Mid Cap Val, Cl II			AC VP Ultra, Cl II			AC VP Val, Cl I
Operations
Investment income (loss) — net	$	1,427		$	3,906		$	23,625		$	(24,108)		$	7,974
Net realized gain (loss) on sales of investments		(2,474	)		24,912			50,316			(3,522	)		27,580
Distributions from capital gains		34,466			128,073			270,439			322,973			52,048
Net change in unrealized appreciation or depreciation of investments		(109,860	)		(453,201	)		(394,405	)		(1,508,374	)		(90,174	)
Net increase (decrease) in net assets resulting from operations		(76,441	)		(296,310	)		(50,025	)		(1,213,031	)		(2,572	)

Contract transactions
Contract purchase payments		1,200			6,253			284,076			7,523			1,010
Net transfers⁽¹⁾		(881	)		(28,268	)		(67,388	)		(253,391	)		(375	)
Transfers for policy loans		391			—			(1,263	)		242			—
Adjustments to net assets allocated to contracts in payment period		—			(192	)		—			—			—
Contract charges		(39	)		(295	)		(831	)		(1,353	)		(293	)
Contract terminations:
Surrender benefits		(27,986	)		(192,664	)		(191,224	)		(236,613	)		(77,684	)
Death benefits		—			(13,551	)		(22,068	)		(21,168	)		(2,213	)
Increase (decrease) from transactions		(27,315	)		(228,717	)		1,302			(504,760	)		(79,555	)
Net assets at beginning of year		288,957			1,199,494			2,145,178			3,778,982			668,535
Net assets at end of year	$	185,201		$	674,467		$	2,096,455		$	2,061,191		$	586,408

Accumulation unit activity
Units outstanding at beginning of year		141,397			417,152			625,200			602,572			130,779
Units purchased		874			4,255			102,253			7,946			197
Units redeemed		(20,341	)		(103,730	)		(83,413	)		(116,137	)		(15,745	)
Units outstanding at end of year		121,930			317,677			644,040			494,381			115,231

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



78		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	AC VP Val, Cl II			BlackRock Adv SMID Cap VI, Cl III⁽²⁾			BlackRock Global Alloc, Cl III			BNY Mellon Sus US Eq, Serv⁽²⁾			Calvert VP EAFE Intl Index, Cl F⁽²⁾
Operations
Investment income (loss) — net	$	110,472		$	1,914		$	(60,412)		$	(21)		$	2,818
Net realized gain (loss) on sales of investments		393,985			22			(141,284	)		(2	)		42
Distributions from capital gains		901,644			940			87,366			—			—
Net change in unrealized appreciation or depreciation of investments		(1,438,655	)		2,735			(1,012,507	)		(314	)		1,541
Net increase (decrease) in net assets resulting from operations		(32,554	)		5,611			(1,126,837	)		(337	)		4,401

Contract transactions
Contract purchase payments		497,642			116,372			282,314			2,975			96,875
Net transfers⁽¹⁾		1,541,797			9,489			77,550			—			112,690
Transfers for policy loans		3,005			—			211			—			—
Adjustments to net assets allocated to contracts in payment period		(2,278	)		—			(14,150	)		—			—
Contract charges		(3,948	)		—			(1,171	)		—			—
Contract terminations:
Surrender benefits		(809,177	)		(73	)		(318,605	)		—			(2,571	)
Death benefits		(63,108	)		—			(13,533	)		—			—
Increase (decrease) from transactions		1,163,933			125,788			12,616			2,975			206,994
Net assets at beginning of year		11,642,338			—			6,656,164			—			—
Net assets at end of year	$	12,773,717		$	131,399		$	5,541,943		$	2,638		$	211,395

Accumulation unit activity
Units outstanding at beginning of year		3,265,500			—			3,669,016			—			—
Units purchased		592,872			135,207			310,499			—			266,283
Units redeemed		(278,661	)		—			(294,115	)		—			(53,786	)
Units outstanding at end of year		3,579,711			135,207			3,685,400			—			212,497

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			79

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Calvert VP Nasdaq 100 Index, Cl F⁽²⁾			Calv VP Russ 2000 Sm Cap Ind, Cl F⁽²⁾			Calvert VP SRI Bal, Cl F⁽²⁾			Calvert VP SRI Bal, Cl I			CB Var Sm Cap Gro, Cl I
Operations
Investment income (loss) — net	$	(1,458)		$	449		$	208		$	1,790		$	(4,278	)
Net realized gain (loss) on sales of investments		(3,063	)		115			(14	)		3,714			3,647
Distributions from capital gains		19,208			20,256			3,003			54,252			9,459
Net change in unrealized appreciation or depreciation of investments		(56,719	)		(21,018	)		(4,454	)		(159,724	)		(198,102	)
Net increase (decrease) in net assets resulting from operations		(42,032	)		(198	)		(1,257	)		(99,968	)		(189,274	)

Contract transactions
Contract purchase payments		473,871			102,252			54,698			2,851			8,261
Net transfers⁽¹⁾		147,224			154,214			33,607			570,985			(7,739	)
Transfers for policy loans		(2,224	)		—			—			980			1,116
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		—			—			—			(405	)		(308	)
Contract terminations:
Surrender benefits		(4,741	)		(4,169	)		(72	)		(11,209	)		(41,331	)
Death benefits		(39,582	)		—			—			(1,358	)		—
Increase (decrease) from transactions		574,548			252,297			88,233			561,844			(40,001	)
Net assets at beginning of year		—			—			—			589,875			666,096
Net assets at end of year	$	532,516		$	252,099		$	86,976		$	1,051,751		$	436,821

Accumulation unit activity
Units outstanding at beginning of year		—			—			—			217,676			142,001
Units purchased		726,588			285,292			90,782			248,730			14,698
Units redeemed		(102,652	)		(22,350	)		—			(5,336	)		(24,714	)
Units outstanding at end of year		623,936			262,942			90,782			461,070			131,985

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



80		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Bal, Cl 2			Col VP Bal, Cl 3			Col VP Commodity Strategy, Cl 2			Col VP Contrarian Core, Cl 2			Col VP Disciplined Core, Cl 2
Operations
Investment income (loss) — net	$	(68,004)		$	(494,815	)	$	193,008		$	(50,588)		$	(23,729	)
Net realized gain (loss) on sales of investments		(76,685	)		1,224,911			21,464			214,991			76,204
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(994,334	)		(9,877,140	)		(90,847	)		(1,234,875	)		(538,905	)
Net increase (decrease) in net assets resulting from operations		(1,139,023	)		(9,147,044	)		123,625			(1,070,472	)		(486,430	)

Contract transactions
Contract purchase payments		6,526,185			908,581			90,992			248,764			252,057
Net transfers⁽¹⁾		20,283			2,415,961			(259,134	)		(105,110	)		195,780
Transfers for policy loans		(7,198	)		7,881			132			257			2,734
Adjustments to net assets allocated to contracts in payment period		—			(22,409	)		—			—			—
Contract charges		(4,516	)		(13,047	)		(163	)		(551	)		(620	)
Contract terminations:
Surrender benefits		(186,425	)		(2,726,735	)		(67,385	)		(281,077	)		(23,570	)
Death benefits		—			(484,436	)		—			(43,621	)		(104,605	)
Increase (decrease) from transactions		6,348,329			85,796			(235,558	)		(181,338	)		321,776
Net assets at beginning of year		3,011,236			51,780,246			753,755			5,556,921			2,287,632
Net assets at end of year	$	8,220,542		$	42,718,998		$	641,822		$	4,305,111		$	2,122,978

Accumulation unit activity
Units outstanding at beginning of year		2,844,548			16,796,010			1,073,229			1,796,009			479,889
Units purchased		7,250,457			1,336,329			143,283			100,185			107,983
Units redeemed		(673,552	)		(1,259,747	)		(434,401	)		(162,226	)		(32,228	)
Units outstanding at end of year		9,421,453			16,872,592			782,111			1,733,968			555,644

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			81

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Disciplined Core, Cl 3			Col VP Divd Opp, Cl 2			Col VP Divd Opp, Cl 3			Col VP Emerg Mkts Bond, Cl 2			Col VP Emer Mkts, Cl 2
Operations
Investment income (loss) — net	$	(196,882)		$	(46,193	)	$	(208,914)		$	38,150		$	(26,310	)
Net realized gain (loss) on sales of investments		1,332,507			111,578			1,628,734			(66,571	)		(70,078	)
Distributions from capital gains		—			—			—			—			768,081
Net change in unrealized appreciation or depreciation of investments		(5,353,125	)		(150,502	)		(1,946,962	)		(225,010	)		(1,784,734	)
Net increase (decrease) in net assets resulting from operations		(4,217,500	)		(85,117	)		(527,142	)		(253,431	)		(1,113,041	)

Contract transactions
Contract purchase payments		105,458			1,329,428			198,260			66,388			265,323
Net transfers⁽¹⁾		(417,022	)		484,526			(541,739	)		(121,554	)		230,427
Transfers for policy loans		32,353			247			19,219			—			—
Adjustments to net assets allocated to contracts in payment period		(20,589	)		—			(16,436	)		—			—
Contract charges		(14,163	)		(529	)		(13,659	)		(142	)		(404	)
Contract terminations:
Surrender benefits		(1,112,061	)		(121,221	)		(1,561,750	)		(64,988	)		(57,400	)
Death benefits		(204,833	)		(78,297	)		(204,910	)		(28,109	)		(50,800	)
Increase (decrease) from transactions		(1,630,857	)		1,614,154			(2,121,015	)		(148,405	)		387,146
Net assets at beginning of year		21,945,892			3,600,265			23,276,838			1,477,975			3,116,300
Net assets at end of year	$	16,097,535		$	5,129,302		$	20,628,681		$	1,076,139		$	2,390,405

Accumulation unit activity
Units outstanding at beginning of year		5,345,395			1,208,135			5,967,725			1,313,046			1,783,013
Units purchased		68,813			637,671			57,401			73,909			387,883
Units redeemed		(553,961	)		(74,523	)		(625,282	)		(232,898	)		(111,167	)
Units outstanding at end of year		4,860,247			1,771,283			5,399,844			1,154,057			2,059,729

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



82		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Emer Mkts, Cl 3			Col VP Global Strategic Inc, Cl 2			Col VP Global Strategic Inc, Cl 3			Col VP Govt Money Mkt, Cl 2			Col VP Govt Money Mkt, Cl 3
Operations
Investment income (loss) — net	$	(48,461)		$	18,581		$	69,635		$	35,226		$	18,648
Net realized gain (loss) on sales of investments		(397,844	)		(30,204	)		(126,521	)		1			13
Distributions from capital gains		1,392,281			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(3,305,673	)		(134,476	)		(406,209	)		(1	)		(13	)
Net increase (decrease) in net assets resulting from operations		(2,359,697	)		(146,099	)		(463,095	)		35,226			18,648

Contract transactions
Contract purchase payments		80,449			210,809			17,038			7,261,937			104,098
Net transfers⁽¹⁾		(294,251	)		(10,413	)		(65,891	)		662,396			2,322,945
Transfers for policy loans		6,237			—			5,212			7,435			10,168
Adjustments to net assets allocated to contracts in payment period		(1,780	)		—			(68	)		—			(740	)
Contract charges		(5,082	)		(130	)		(5,631	)		(1,337	)		(8,973	)
Contract terminations:
Surrender benefits		(533,144	)		(13,633	)		(215,974	)		(664,963	)		(1,347,190	)
Death benefits		(46,205	)		(53,666	)		(70,008	)		(12,244	)		(110,326	)
Increase (decrease) from transactions		(793,776	)		132,967			(335,322	)		7,253,224			969,982
Net assets at beginning of year		7,130,052			961,507			3,335,010			6,474,065			6,995,301
Net assets at end of year	$	3,976,579		$	948,375		$	2,536,593		$	13,762,515		$	7,983,931

Accumulation unit activity
Units outstanding at beginning of year		2,137,815			940,419			2,042,473			7,055,355			6,690,321
Units purchased		64,458			242,328			16,227			14,429,535			2,503,316
Units redeemed		(450,048	)		(99,598	)		(243,748	)		(6,838,824	)		(1,507,966	)
Units outstanding at end of year		1,752,225			1,083,149			1,814,952			14,646,066			7,685,671

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			83

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Hi Yield Bond, Cl 2			Col VP Hi Yield Bond, Cl 3			Col VP Inc Opp, Cl 2			Col VP Inc Opp, Cl 3			Col VP Inter Bond, Cl 2
Operations
Investment income (loss) — net	$	138,200		$	232,188		$	158,883		$	199,234		$	96,430
Net realized gain (loss) on sales of investments		(63,782	)		(66,903	)		(63,443	)		(244,850	)		(94,243	)
Distributions from capital gains		25,019			39,808			139,755			167,161			3,348
Net change in unrealized appreciation or depreciation of investments		(565,352	)		(950,805	)		(688,130	)		(734,243	)		(971,969	)
Net increase (decrease) in net assets resulting from operations		(465,915	)		(745,712	)		(452,935	)		(612,698	)		(966,434	)

Contract transactions
Contract purchase payments		586,784			26,929			589,279			37,062			1,171,099
Net transfers⁽¹⁾		(313,961	)		(76,033	)		(183,337	)		(260,215	)		(229,071	)
Transfers for policy loans		1,017			3,594			1,264			2,126			(24,876	)
Adjustments to net assets allocated to contracts in payment period		—			(3,281	)		—			(1,605	)		—
Contract charges		(555	)		(2,713	)		(1,353	)		(7,928	)		(1,399	)
Contract terminations:
Surrender benefits		(90,471	)		(333,311	)		(126,309	)		(494,430	)		(95,872	)
Death benefits		(133,859	)		(69,300	)		(26,218	)		(136,545	)		(21,726	)
Increase (decrease) from transactions		48,955			(454,115	)		253,326			(861,535	)		798,155
Net assets at beginning of year		3,963,655			6,497,354			4,027,050			5,690,279			5,102,635
Net assets at end of year	$	3,546,695		$	5,297,527		$	3,827,441		$	4,216,046		$	4,934,356

Accumulation unit activity
Units outstanding at beginning of year		2,131,866			2,070,682			2,231,630			2,341,439			3,643,234
Units purchased		383,065			28,585			361,434			17,468			986,147
Units redeemed		(321,206	)		(181,694	)		(205,439	)		(405,042	)		(326,180	)
Units outstanding at end of year		2,193,725			1,917,573			2,387,625			1,953,865			4,303,201

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



84		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Inter Bond, Cl 3			Col VP Lg Cap Gro, Cl 2			Col VP Lg Cap Gro, Cl 3			Col VP Lg Cap Index, Cl 2			Col VP Lg Cap Index, Cl 3
Operations
Investment income (loss) — net	$	267,393		$	(52,411	)	$	(33,974)		$	(74,091)		$	(580,482	)
Net realized gain (loss) on sales of investments		(325,509	)		43,755			354,756			(25,988	)		1,294,122
Distributions from capital gains		8,429			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(2,611,330	)		(1,844,763	)		(1,999,773	)		(1,156,153	)		(13,661,427	)
Net increase (decrease) in net assets resulting from operations		(2,661,017	)		(1,853,419	)		(1,678,991	)		(1,256,232	)		(12,947,787	)

Contract transactions
Contract purchase payments		85,429			1,219,866			28,998			7,360,280			3,647,175
Net transfers⁽¹⁾		137,909			492,702			151,263			127,295			315,807
Transfers for policy loans		31,875			318			—			(25,084	)		(24,991	)
Adjustments to net assets allocated to contracts in payment period		(8,117	)		—			—			—			—
Contract charges		(18,851	)		(1,382	)		(3,714	)		(8,748	)		(21,573	)
Contract terminations:
Surrender benefits		(1,164,873	)		(64,989	)		(278,292	)		(56,054	)		(2,250,006	)
Death benefits		(305,889	)		(59,665	)		(98,957	)		—			(105,856	)
Increase (decrease) from transactions		(1,242,517	)		1,586,850			(200,702	)		7,397,689			1,560,556
Net assets at beginning of year		15,328,061			5,118,899			5,239,854			3,954,143			66,822,495
Net assets at end of year	$	11,424,527		$	4,852,330		$	3,360,161		$	10,095,600		$	55,435,264

Accumulation unit activity
Units outstanding at beginning of year		7,536,919			881,680			1,775,067			3,471,444			16,719,178
Units purchased		247,529			395,724			51,955			7,862,546			1,224,986
Units redeemed		(901,020	)		(30,606	)		(194,148	)		(345,966	)		(722,547	)
Units outstanding at end of year		6,883,428			1,246,798			1,632,874			10,988,024			17,221,617

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			85

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Limited Duration Cr, Cl 2			Col VP Long Govt/ Cr Bond, Cl 2			Col VP Overseas Core, Cl 2			Col VP Overseas Core, Cl 3			Col VP Select Lg Cap Eq, Cl 2⁽²⁾
Operations
Investment income (loss) — net	$	(17,919)		$	13,578		$	(3,266)		$	(8,353)		$	—
Net realized gain (loss) on sales of investments		(23,788	)		(63,990	)		(5,662	)		(16,111	)		—
Distributions from capital gains		—			29,707			62,879			227,869			—
Net change in unrealized appreciation or depreciation of investments		(241,577	)		(335,446	)		(207,588	)		(786,164	)		(33	)
Net increase (decrease) in net assets resulting from operations		(283,284	)		(356,151	)		(153,637	)		(582,759	)		(33	)

Contract transactions
Contract purchase payments		515,063			89,465			58,588			27,166			408
Net transfers⁽¹⁾		212,752			214,653			23,987			(51,301	)		—
Transfers for policy loans		—			653			—			4,583			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			(3,459	)		—
Contract charges		(3,408	)		(285	)		(450	)		(1,369	)		—
Contract terminations:
Surrender benefits		(209,974	)		(31,558	)		(58,742	)		(214,766	)		—
Death benefits		(9,099	)		(2,436	)		(921	)		(29,082	)		—
Increase (decrease) from transactions		505,334			270,492			22,462			(268,228	)		408
Net assets at beginning of year		3,807,697			1,297,405			985,927			3,685,008			—
Net assets at end of year	$	4,029,747		$	1,211,746		$	854,752		$	2,834,021		$	375

Accumulation unit activity
Units outstanding at beginning of year		3,317,949			962,767			523,869			1,871,697			—
Units purchased		683,261			393,520			52,629			54,004			—
Units redeemed		(225,300	)		(104,643	)		(37,481	)		(208,376	)		—
Units outstanding at end of year		3,775,910			1,251,644			539,017			1,717,325			—

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



86		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Select Lg Cap Val, Cl 2			Col VP Select Lg Cap Val, Cl 3			Col VP Select Mid Cap Gro, Cl 2			Col VP Select Mid Cap Gro, Cl 3			Col VP Select Mid Cap Val, Cl 2
Operations
Investment income (loss) — net	$	(31,319)		$	(9,094	)	$	(17,164)		$	(37,934)		$	(18,369	)
Net realized gain (loss) on sales of investments		50,675			16,499			52,931			197,684			57,023
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(87,937	)		(36,543	)		(602,359	)		(1,666,006	)		(208,979	)
Net increase (decrease) in net assets resulting from operations		(68,581	)		(29,138	)		(566,592	)		(1,506,256	)		(170,325	)

Contract transactions
Contract purchase payments		1,514,166			18,223			532,930			59,147			444,390
Net transfers⁽¹⁾		126,580			88,053			(55,852	)		(114,453	)		107,937
Transfers for policy loans		—			—			—			1,749			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			(1,895	)		—
Contract charges		(147	)		(627	)		(326	)		(1,238	)		(540	)
Contract terminations:
Surrender benefits		(72,200	)		(31,932	)		(20,343	)		(155,359	)		(71,495	)
Death benefits		(26,653	)		—			(63,384	)		(16,770	)		(47,679	)
Increase (decrease) from transactions		1,541,746			73,717			393,025			(228,819	)		432,613
Net assets at beginning of year		2,062,278			953,079			1,755,361			4,790,719			1,585,200
Net assets at end of year	$	3,535,443		$	997,658		$	1,581,794		$	3,055,644		$	1,847,488

Accumulation unit activity
Units outstanding at beginning of year		535,989			271,239			447,963			1,181,627			435,197
Units purchased		597,565			31,969			222,760			18,600			169,270
Units redeemed		(38,522	)		(10,148	)		(74,680	)		(93,142	)		(38,820	)
Units outstanding at end of year		1,095,032			293,060			596,043			1,107,085			565,647

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			87

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Select Mid Cap Val, Cl 3			Col VP Select Sm Cap Val, Cl 2			Col VP Select Sm Cap Val, Cl 3			Col VP Sel Gbl Tech, Cl 2⁽²⁾			Col VP Sm Cap Val, Cl 2⁽²⁾
Operations
Investment income (loss) — net	$	(17,183)		$	(11,522	)	$	(12,558)		$	(172)		$	(24	)
Net realized gain (loss) on sales of investments		141,319			24,468			56,524			(14	)		(2	)
Distributions from capital gains		—			—			—			1,204			468
Net change in unrealized appreciation or depreciation of investments		(345,023	)		(189,278	)		(297,923	)		(3,013	)		(508	)
Net increase (decrease) in net assets resulting from operations		(220,887	)		(176,332	)		(253,957	)		(1,995	)		(66	)

Contract transactions
Contract purchase payments		21,969			339,091			18,357			71,525			13,801
Net transfers⁽¹⁾		(49,445	)		(7,046	)		141,823			15,031			—
Transfers for policy loans		1,224			—			516			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			1,611			—			—
Contract charges		(1,317	)		(373	)		(792	)		—			—
Contract terminations:
Surrender benefits		(161,567	)		(46,886	)		(77,891	)		(112	)		—
Death benefits		(5,691	)		(28,216	)		(431	)		—			—
Increase (decrease) from transactions		(194,827	)		256,570			83,193			86,444			13,801
Net assets at beginning of year		2,158,691			1,023,560			1,586,009			—			—
Net assets at end of year	$	1,742,977		$	1,103,798		$	1,415,245		$	84,449		$	13,735

Accumulation unit activity
Units outstanding at beginning of year		568,340			302,229			393,538			—			—
Units purchased		6,729			198,844			54,500			96,845			12,735
Units redeemed		(61,070	)		(47,412	)		(25,126	)		—			—
Units outstanding at end of year		513,999			453,661			422,912			96,845			12,735

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



88		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Col VP Strategic Inc, Cl 2			Col VP US Govt Mtge, Cl 2			Col VP US Govt Mtge, Cl 3			CS Commodity Return, Cl 1			CTIVP AC Div Bond, Cl 2
Operations
Investment income (loss) — net	$	51,662		$	12,400		$	28,063		$	110,144		$	27,225
Net realized gain (loss) on sales of investments		(102,575	)		(10,615	)		(74,272	)		(54,301	)		(14,743	)
Distributions from capital gains		135,105			—			—			—			39,356
Net change in unrealized appreciation or depreciation of investments		(546,055	)		(224,562	)		(390,288	)		57,373			(294,235	)
Net increase (decrease) in net assets resulting from operations		(461,863	)		(222,777	)		(436,497	)		113,216			(242,397	)

Contract transactions
Contract purchase payments		206,837			317,519			14,682			22,777			535,166
Net transfers⁽¹⁾		(317,015	)		86,176			(319,043	)		(32,925	)		13,301
Transfers for policy loans		—			—			7,249			2,122			—
Adjustments to net assets allocated to contracts in payment period		—			—			(2,131	)		—			—
Contract charges		(331	)		(1,204	)		(2,320	)		(492	)		(91	)
Contract terminations:
Surrender benefits		(81,776	)		(49,301	)		(339,722	)		(211,145	)		(22,104	)
Death benefits		(127,422	)		(6,319	)		(56,457	)		(5,129	)		—
Increase (decrease) from transactions		(319,707	)		346,871			(697,742	)		(224,792	)		526,272
Net assets at beginning of year		3,732,435			1,383,058			3,302,094			679,108			1,140,565
Net assets at end of year	$	2,950,865		$	1,507,152		$	2,167,855		$	567,532		$	1,424,440

Accumulation unit activity
Units outstanding at beginning of year		2,835,321			1,224,984			2,335,010			1,133,835			880,659
Units purchased		227,756			401,877			16,255			36,337			469,724
Units redeemed		(509,394	)		(56,756	)		(568,206	)		(345,471	)		(35,498	)
Units outstanding at end of year		2,553,683			1,570,105			1,783,059			824,701			1,314,885

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			89

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	CTIVP BR Gl Infl Prot Sec, Cl 2			CTIVP BR Gl Infl Prot Sec, Cl 3			CTIVP CenterSquare Real Est, Cl 2			CTIVP MFS Val, Cl 2			CTIVP MS Adv, Cl 2
Operations
Investment income (loss) — net	$	64,592		$	110,061		$	3,128		$	(45,489)		$	(13,177	)
Net realized gain (loss) on sales of investments		(57,050	)		(178,973	)		(7,012	)		102,079			(32,747	)
Distributions from capital gains		35,620			57,305			206,744			—			—
Net change in unrealized appreciation or depreciation of investments		(416,072	)		(652,279	)		(510,120	)		(383,524	)		(704,760	)
Net increase (decrease) in net assets resulting from operations		(372,910	)		(663,886	)		(307,260	)		(326,934	)		(750,684	)

Contract transactions
Contract purchase payments		397,446			10,325			56,418			470,681			144,787
Net transfers⁽¹⁾		(373,818	)		(152,620	)		31,829			268,751			(158,161	)
Transfers for policy loans		—			419			—			2,136			428
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(144	)		(9,525	)		(139	)		(1,158	)		(632	)
Contract terminations:
Surrender benefits		(128,586	)		(362,861	)		(16,480	)		(132,393	)		(6,591	)
Death benefits		(50,221	)		(126,358	)		(15,737	)		(128,211	)		(15,568	)
Increase (decrease) from transactions		(155,323	)		(640,620	)		55,891			479,806			(35,737	)
Net assets at beginning of year		2,130,843			3,947,405			1,210,627			4,385,900			1,823,061
Net assets at end of year	$	1,602,610		$	2,642,899		$	959,258		$	4,538,772		$	1,036,640

Accumulation unit activity
Units outstanding at beginning of year		1,487,081			2,285,904			472,608			1,250,466			342,801
Units purchased		316,448			7,327			48,847			232,916			42,479
Units redeemed		(424,144	)		(416,759	)		(21,100	)		(88,780	)		(50,645	)
Units outstanding at end of year		1,379,385			1,876,472			500,355			1,394,602			334,635

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



90		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	CTIVP Prin Blue Chip Gro, Cl 1			CTIVP Prin Blue Chip Gro, Cl 2			CTIVP T Rowe Price LgCap Val, Cl 2			CTIVP TCW Core Plus Bond, Cl 2			CTIVP Vty Sycamore Estb Val, Cl 2
Operations
Investment income (loss) — net	$	(49,484)		$	(28,648	)	$	(36,514)		$	(1,633)		$	(50,900	)
Net realized gain (loss) on sales of investments		294,102			8,794			64,170			(33,725	)		91,924
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(2,210,334	)		(941,230	)		(239,724	)		(174,189	)		(223,637	)
Net increase (decrease) in net assets resulting from operations		(1,965,716	)		(961,084	)		(212,068	)		(209,547	)		(182,613	)

Contract transactions
Contract purchase payments		46,031			182,001			234,884			395,134			638,203
Net transfers⁽¹⁾		33,204			(687,483	)		449,286			755,520			151,863
Transfers for policy loans		825			258			(1,116	)		—			(3,815	)
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(5,622	)		(898	)		(866	)		(222	)		(2,501	)
Contract terminations:
Surrender benefits		(420,737	)		(72,984	)		(105,836	)		(57,509	)		(133,054	)
Death benefits		(34,495	)		(7,651	)		(6,901	)		(6,103	)		(57,761	)
Increase (decrease) from transactions		(380,794	)		(586,757	)		569,451			1,086,820			592,935
Net assets at beginning of year		6,985,273			3,180,572			3,411,855			1,022,523			4,729,692
Net assets at end of year	$	4,638,763		$	1,632,731		$	3,769,238		$	1,899,796		$	5,140,014

Accumulation unit activity
Units outstanding at beginning of year		2,585,299			592,072			1,128,063			849,228			1,152,601
Units purchased		43,820			93,529			241,315			1,173,697			219,206
Units redeemed		(221,625	)		(250,992	)		(46,277	)		(129,152	)		(52,723	)
Units outstanding at end of year		2,407,494			434,609			1,323,101			1,893,773			1,319,084

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			91

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	CTIVP Vty Sycamore Estb Val, Cl 3			CTIVP Westfield Mid Cap Gro, Cl 2			Del Ivy VIP Asset Strategy, Cl II			Del VIP for Inc, Serv Cl⁽²⁾			Del VIP Intl, Serv Cl⁽²⁾
Operations
Investment income (loss) — net	$	(10,499)		$	(11,551	)	$	2,910		$	(32)		$	(5	)
Net realized gain (loss) on sales of investments		120,765			49,733			(12,778	)		—			(1	)
Distributions from capital gains		—			—			46,408			—			—
Net change in unrealized appreciation or depreciation of investments		(161,748	)		(412,912	)		(146,257	)		(303	)		(114	)
Net increase (decrease) in net assets resulting from operations		(51,482	)		(374,730	)		(109,717	)		(335	)		(120	)

Contract transactions
Contract purchase payments		14,262			68,628			1,830			21,275			1,275
Net transfers⁽¹⁾		7,758			(65,436	)		(4,117	)		19,643			—
Transfers for policy loans		1,046			—			—			—			—
Adjustments to net assets allocated to contracts in payment period		(1,494	)		—			—			—			—
Contract charges		(855	)		(256	)		(119	)		—			—
Contract terminations:
Surrender benefits		(222,715	)		(20,531	)		(38,385	)		—			—
Death benefits		(415	)		—			(31,985	)		—			—
Increase (decrease) from transactions		(202,413	)		(17,595	)		(72,776	)		40,918			1,275
Net assets at beginning of year		1,289,472			1,420,688			728,735			—			—
Net assets at end of year	$	1,035,577		$	1,028,363		$	546,242		$	40,583		$	1,155

Accumulation unit activity
Units outstanding at beginning of year		298,936			327,881			454,329			—			—
Units purchased		14,882			18,581			2,189			62,208			—
Units redeemed		(63,575	)		(23,586	)		(53,806	)		(20,952	)		—
Units outstanding at end of year		250,243			322,876			402,712			41,256			—

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



92		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	DWS Alt Asset Alloc VIP, Cl B			EV VT Floating-Rate Inc, Init Cl			Fid VIP Contrafund, Serv Cl 2			Fid VIP Emer Mkts, Serv Cl 2⁽²⁾		Fid VIP Energy, Serv Cl 2⁽²⁾
Operations
Investment income (loss) — net	$	50,251		$	144,594		$	(266,141)		$	304	$	1,775
Net realized gain (loss) on sales of investments		3,405			(29,997	)		527,876			4		468
Distributions from capital gains		870			—			1,812,376			—		—
Net change in unrealized appreciation or depreciation of investments		(134,726	)		(248,440	)		(14,578,878	)		1,736		4,833
Net increase (decrease) in net assets resulting from operations		(80,200	)		(133,843	)		(12,504,767	)		2,044		7,076

Contract transactions
Contract purchase payments		61,129			797,181			2,898,451			18,756		132,137
Net transfers⁽¹⁾		(5,518	)		222,191			(357,352	)		1,669		(3,717	)
Transfers for policy loans		—			(3,933	)		4,506			—		—
Adjustments to net assets allocated to contracts in payment period		—			(497	)		(12,323	)		—		—
Contract charges		(124	)		(4,483	)		(14,196	)		—		—
Contract terminations:
Surrender benefits		(31,059	)		(357,640	)		(2,400,109	)		—		(301	)
Death benefits		(29,606	)		(88,816	)		(278,111	)		—		(20,272	)
Increase (decrease) from transactions		(5,178	)		564,003			(159,134	)		20,425		107,847
Net assets at beginning of year		926,609			3,827,349			45,829,872			—		—
Net assets at end of year	$	841,231		$	4,257,509		$	33,165,971		$	22,469	$	114,923

Accumulation unit activity
Units outstanding at beginning of year		764,235			2,538,933			10,590,512			—		—
Units purchased		72,554			733,623			992,450			22,332		117,495
Units redeemed		(76,843	)		(331,693	)		(1,031,775	)		—		(19,919	)
Units outstanding at end of year		759,946			2,940,863			10,551,187			22,332		97,576

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			93

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Fid VIP Gro & Inc, Serv Cl			Fid VIP Gro & Inc, Serv Cl 2			Fid VIP Gro Opp, Serv Cl 2⁽²⁾			Fid VIP Intl Cap Appr, Serv Cl 2⁽²⁾			Fid VIP Invest Gr, Serv Cl 2⁽²⁾
Operations
Investment income (loss) — net	$	4,666		$	38,879		$	(96)		$	(59)		$	1,635
Net realized gain (loss) on sales of investments		152,664			209,409			(3	)		108			—
Distributions from capital gains		16,696			135,610			—			—			—
Net change in unrealized appreciation or depreciation of investments		(237,147	)		(810,806	)		(1,725	)		781			(1,368	)
Net increase (decrease) in net assets resulting from operations		(63,121	)		(426,908	)		(1,824	)		830			267

Contract transactions
Contract purchase payments		2,150			135,590			27,774			37,785			77,467
Net transfers⁽¹⁾		(52,476	)		(67,993	)		5,051			—			44,197
Transfers for policy loans		(1,546	)		8,242			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			(7,950	)		—			—			—
Contract charges		(251	)		(3,627	)		—			—			—
Contract terminations:
Surrender benefits		(354,984	)		(445,781	)		—			(71	)		—
Death benefits		(1,653	)		(8,605	)		—			—			—
Increase (decrease) from transactions		(408,760	)		(390,124	)		32,825			37,714			121,664
Net assets at beginning of year		1,251,168			7,249,226			—			—			—
Net assets at end of year	$	779,287		$	6,432,194		$	31,001		$	38,544		$	121,931

Accumulation unit activity
Units outstanding at beginning of year		366,490			1,787,326			—			—			—
Units purchased		654			169,672			33,685			40,530			179,863
Units redeemed		(125,270	)		(159,739	)		—			—			(52,792	)
Units outstanding at end of year		241,874			1,797,259			33,685			40,530			127,071

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



94		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Fid VIP Mid Cap, Serv Cl			Fid VIP Mid Cap, Serv Cl 2			Fid VIP Overseas, Serv Cl			Fid VIP Overseas, Serv Cl 2			Fid VIP Strategic Inc, Serv Cl 2
Operations
Investment income (loss) — net	$	(7,941)		$	(160,820	)	$	193		$	(1,744)		$	226,368
Net realized gain (loss) on sales of investments		62,805			(45,404	)		2,046			35,685			(79,578	)
Distributions from capital gains		109,971			1,588,181			1,892			21,786			8,738
Net change in unrealized appreciation or depreciation of investments		(489,313	)		(5,777,725	)		(70,229	)		(833,453	)		(1,321,708	)
Net increase (decrease) in net assets resulting from operations		(324,478	)		(4,395,768	)		(66,098	)		(777,726	)		(1,166,180	)

Contract transactions
Contract purchase payments		16,896			1,134,002			2,130			35,337			1,402,017
Net transfers⁽¹⁾		(52,802	)		(856,108	)		3,167			(44,064	)		(92,280	)
Transfers for policy loans		—			12,286			—			10,978			6,039
Adjustments to net assets allocated to contracts in payment period		—			(1,951	)		—			(240	)		—
Contract charges		(481	)		(11,818	)		(52	)		(1,093	)		(3,297	)
Contract terminations:
Surrender benefits		(370,173	)		(1,500,764	)		(15,086	)		(179,974	)		(297,652	)
Death benefits		(14,364	)		(202,216	)		(3,276	)		(4,721	)		(5,573	)
Increase (decrease) from transactions		(420,924	)		(1,426,569	)		(13,117	)		(183,777	)		1,009,254
Net assets at beginning of year		2,209,929			27,803,410			264,497			3,108,471			8,972,699
Net assets at end of year	$	1,464,527		$	21,981,073		$	185,282		$	2,146,968		$	8,815,773

Accumulation unit activity
Units outstanding at beginning of year		342,954			5,325,612			112,251			1,117,117			7,070,720
Units purchased		2,878			277,049			3,050			40,527			1,292,978
Units redeemed		(77,425	)		(652,175	)		(9,992	)		(121,874	)		(438,697	)
Units outstanding at end of year		268,407			4,950,486			105,309			1,035,770			7,925,001

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			95

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Frank Global Real Est, Cl 2			Frank Inc, Cl 2			Frank Inc, Cl 4⁽²⁾			Frank Mutual Gbl Dis, Cl 4⁽²⁾			Frank Mutual Shares, Cl 2
Operations
Investment income (loss) — net	$	35,407		$	152,326		$	8,621		$	72		$	67,857
Net realized gain (loss) on sales of investments		(26,995	)		(6,976	)		(4,119	)		(11	)		(18,138	)
Distributions from capital gains		165,711			80,497			4,248			892			923,097
Net change in unrealized appreciation or depreciation of investments		(919,641	)		(509,949	)		(7,027	)		(1,474	)		(1,763,475	)
Net increase (decrease) in net assets resulting from operations		(745,518	)		(284,102	)		1,723			(521	)		(790,659	)

Contract transactions
Contract purchase payments		36,452			170,545			377,804			11,355			118,269
Net transfers⁽¹⁾		14,377			336,113			50,006			—			(570,645	)
Transfers for policy loans		6,788			—			—			—			18,043
Adjustments to net assets allocated to contracts in payment period		(848	)		—			—			—			—
Contract charges		(1,865	)		(836	)		—			—			(3,708	)
Contract terminations:
Surrender benefits		(110,116	)		(100,736	)		(3,155	)		(71	)		(870,408	)
Death benefits		(11,911	)		(60,142	)		(80,487	)		—			(71,503	)
Increase (decrease) from transactions		(67,123	)		344,944			344,168			11,284			(1,379,952	)
Net assets at beginning of year		2,827,388			4,247,122			—			—			9,988,506
Net assets at end of year	$	2,014,747		$	4,307,964		$	345,891		$	10,763		$	7,817,895

Accumulation unit activity
Units outstanding at beginning of year		1,007,359			2,733,757			—			—			4,051,882
Units purchased		28,474			436,206			441,495			9,717			54,713
Units redeemed		(61,833	)		(199,189	)		(84,234	)		—			(653,487	)
Units outstanding at end of year		974,000			2,970,774			357,261			9,717			3,453,108

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



96		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Frank Sm Cap Val, Cl 2			Frank Sm Cap Val, Cl 4⁽²⁾			GS VIT Mid Cap Val, Inst			GS VIT Multi-Strategy Alt, Advisor			GS VIT Multi-Strategy Alt, Serv⁽²⁾
Operations
Investment income (loss) — net	$	(1,184)		$	(88	)	$	(13,017)		$	12,271		$	356
Net realized gain (loss) on sales of investments		(68,841	)		—			78,641			(3,196	)		(27	)
Distributions from capital gains		1,377,574			222			957,784			—			—
Net change in unrealized appreciation or depreciation of investments		(2,247,155	)		1,364			(1,838,749	)		(59,781	)		(585	)
Net increase (decrease) in net assets resulting from operations		(939,606	)		1,498			(815,341	)		(50,706	)		(256	)

Contract transactions
Contract purchase payments		224,585			28,587			35,580			20,814			12,904
Net transfers⁽¹⁾		(118,177	)		6,908			(161,007	)		(21,902	)		1,570
Transfers for policy loans		215			—			1,232			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			(3,240	)		—			—
Contract charges		(3,289	)		—			(5,270	)		(62	)		—
Contract terminations:
Surrender benefits		(563,873	)		(71	)		(466,498	)		(43,221	)		—
Death benefits		(142,031	)		—			(32,499	)		—			—
Increase (decrease) from transactions		(602,570	)		35,424			(631,702	)		(44,371	)		14,474
Net assets at beginning of year		8,656,216			—			7,657,789			669,316			—
Net assets at end of year	$	7,114,040		$	36,922		$	6,210,746		$	574,239		$	14,218

Accumulation unit activity
Units outstanding at beginning of year		1,932,010			—			1,084,417			661,162			—
Units purchased		84,082			36,203			5,875			21,934			13,627
Units redeemed		(260,338	)		—			(101,235	)		(69,457	)		(74	)
Units outstanding at end of year		1,755,754			36,203			989,057			613,639			13,553

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			97

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	GS VIT Sm Cap Eq Insights, Inst			GS VIT Sm Cap Eq Insights, Serv⁽²⁾			GS VIT U.S. Eq Insights, Inst			Invesco VI Am Fran, Ser I			Invesco VI Am Fran, Ser II
Operations
Investment income (loss) — net	$	(1,664)		$	(51	)	$	(4,819)		$	(3,089)		$	(16,122	)
Net realized gain (loss) on sales of investments		(9,033	)		(3	)		6,358			6,633			10,914
Distributions from capital gains		1,633			301			19,258			94,419			479,598
Net change in unrealized appreciation or depreciation of investments		(60,764	)		(1,270	)		(984,467	)		(242,521	)		(1,225,102	)
Net increase (decrease) in net assets resulting from operations		(69,828	)		(1,023	)		(963,670	)		(144,558	)		(750,712	)

Contract transactions
Contract purchase payments		2,718			35,693			28,087			4,196			628
Net transfers⁽¹⁾		—			—			(66,024	)		593			39,197
Transfers for policy loans		—			—			—			—			2,727
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(54	)		—			(5,427	)		(122	)		(4,916	)
Contract terminations:
Surrender benefits		(294,305	)		(73	)		(329,402	)		(21,388	)		(126,747	)
Death benefits		(1,204	)		—			(48,462	)		—			(40,958	)
Increase (decrease) from transactions		(292,845	)		35,620			(421,228	)		(16,721	)		(130,069	)
Net assets at beginning of year		507,763			—			4,784,020			470,460			2,346,357
Net assets at end of year	$	145,090		$	34,597		$	3,399,122		$	309,181		$	1,465,576

Accumulation unit activity
Units outstanding at beginning of year		114,448			—			1,236,025			120,265			615,872
Units purchased		700			35,315			11,380			1,571			25,317
Units redeemed		(74,629	)		—			(146,652	)		(6,027	)		(75,647	)
Units outstanding at end of year		40,519			35,315			1,100,753			115,809			565,542

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



98		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Invesco VI Bal Risk Alloc, Ser II			Invesco VI Comstock, Ser II			Invesco VI Core Eq, Ser I			Invesco VI Core Plus Bond, Ser II⁽²⁾			Invesco VI Dis Mid Cap Gro, Ser I
Operations
Investment income (loss) — net	$	81,860		$	18,308		$	(17,957)		$	(209)		$	(5,767	)
Net realized gain (loss) on sales of investments		(16,356	)		279,830			40,894			(14	)		(604	)
Distributions from capital gains		46,437			134,387			831,777			58			185,984
Net change in unrealized appreciation or depreciation of investments		(328,342	)		(450,945	)		(2,258,775	)		(1,398	)		(492,502	)
Net increase (decrease) in net assets resulting from operations		(216,401	)		(18,420	)		(1,404,061	)		(1,563	)		(312,889	)

Contract transactions
Contract purchase payments		136,070			138,715			18,429			31,228			4,147
Net transfers⁽¹⁾		34,226			(343,338	)		(89,918	)		90,832			(7,793	)
Transfers for policy loans		—			2,814			4,184			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			(4,151	)		—			—
Contract charges		(176	)		(9,443	)		(2,179	)		—			(352	)
Contract terminations:
Surrender benefits		(112,704	)		(442,586	)		(268,839	)		(2,278	)		(80,756	)
Death benefits		—			(146,752	)		(32,845	)		—			—
Increase (decrease) from transactions		57,416			(800,590	)		(375,319	)		119,782			(84,754	)
Net assets at beginning of year		1,351,562			5,001,409			6,637,184			—			1,006,396
Net assets at end of year	$	1,192,577		$	4,182,399		$	4,857,804		$	118,219		$	608,753

Accumulation unit activity
Units outstanding at beginning of year		942,975			1,591,460			1,288,133			—			565,092
Units purchased		131,309			51,125			5,416			126,727			4,014
Units redeemed		(87,864	)		(305,819	)		(91,527	)		(2,232	)		(69,767	)
Units outstanding at end of year		986,420			1,336,766			1,202,022			124,495			499,339

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			99

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Invesco VI Dis Mid Cap Gro, Ser II			Invesco VI Div Divd, Ser I			Invesco VI Div Divd, Ser II			Invesco VI EQV Intl Eq, Ser II			Invesco VI Global, Ser II
Operations
Investment income (loss) — net	$	(4,388)		$	5,908		$	1,514		$	9,382		$	(74,864	)
Net realized gain (loss) on sales of investments		(3,799	)		21,868			29,355			(5,002	)		2,166
Distributions from capital gains		133,002			81,787			38,811			225,143			1,334,058
Net change in unrealized appreciation or depreciation of investments		(323,174	)		(132,306	)		(86,915	)		(753,893	)		(4,463,005	)
Net increase (decrease) in net assets resulting from operations		(198,359	)		(22,743	)		(17,235	)		(524,370	)		(3,201,645	)

Contract transactions
Contract purchase payments		13,121			4,034			6,692			20,718			303,246
Net transfers⁽¹⁾		4,826			9,612			(60,719	)		(88,016	)		456,819
Transfers for policy loans		—			109			86			(72	)		10,269
Adjustments to net assets allocated to contracts in payment period		—			—			—			(5,019	)		—
Contract charges		(524	)		(190	)		(554	)		(1,926	)		(1,329	)
Contract terminations:
Surrender benefits		(45,852	)		(89,802	)		(93,350	)		(332,758	)		(325,958	)
Death benefits		(20,799	)		—			(554	)		(1,421	)		(158,196	)
Increase (decrease) from transactions		(49,228	)		(76,237	)		(148,399	)		(408,494	)		284,851
Net assets at beginning of year		630,583			750,867			459,302			2,783,813			9,729,855
Net assets at end of year	$	382,996		$	651,887		$	293,668		$	1,850,949		$	6,813,061

Accumulation unit activity
Units outstanding at beginning of year		356,290			292,608			183,680			1,176,116			2,550,054
Units purchased		19,393			15,190			2,969			12,620			300,469
Units redeemed		(58,464	)		(46,156	)		(65,617	)		(220,599	)		(188,799	)
Units outstanding at end of year		317,219			261,642			121,032			968,137			2,661,724

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



100		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Invesco VI Gbl Strat Inc, Ser II			Invesco VI Hlth, Ser II			Invesco VI Main St, Ser II			Invesco VI Mn St Sm Cap, Ser II			Invesco VI Tech, Ser I
Operations
Investment income (loss) — net	$	(66,103)		$	(13,083	)	$	(109)		$	(40,859)		$	(9,227	)
Net realized gain (loss) on sales of investments		(281,296	)		(2,774	)		(2,584	)		36,292			24,252
Distributions from capital gains		—			218,523			61,414			638,162			399,155
Net change in unrealized appreciation or depreciation of investments		(685,413	)		(432,126	)		(114,718	)		(1,642,488	)		(1,039,250	)
Net increase (decrease) in net assets resulting from operations		(1,032,812	)		(229,460	)		(55,997	)		(1,008,893	)		(625,070	)

Contract transactions
Contract purchase payments		80,474			19,421			2,071			282,340			6,825
Net transfers⁽¹⁾		(333,467	)		168,780			(14,163	)		59,952			10,147
Transfers for policy loans		2,704			622			—			5,350			(2,491	)
Adjustments to net assets allocated to contracts in payment period		(3,569	)		(4,032	)		—			—			—
Contract charges		(10,448	)		(705	)		(138	)		(1,061	)		(1,438	)
Contract terminations:
Surrender benefits		(578,585	)		(86,081	)		(26,254	)		(158,686	)		(121,406	)
Death benefits		(105,212	)		(10,300	)		(31,366	)		(22,107	)		(11,095	)
Increase (decrease) from transactions		(948,103	)		87,705			(69,850	)		165,788			(119,458	)
Net assets at beginning of year		8,438,146			1,598,747			272,441			5,972,419			1,603,366
Net assets at end of year	$	6,457,231		$	1,456,992		$	146,594		$	5,129,314		$	858,838

Accumulation unit activity
Units outstanding at beginning of year		5,314,041			433,810			149,205			1,470,327			407,344
Units purchased		73,308			71,417			1,356			107,532			7,370
Units redeemed		(744,154	)		(42,163	)		(49,053	)		(60,981	)		(47,847	)
Units outstanding at end of year		4,643,195			463,064			101,508			1,516,878			366,867

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			101

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Invesco VI Tech, Ser II⁽²⁾			Janus Henderson VIT Bal, Serv			Janus Henderson VIT Enter, Serv			Janus Henderson VIT Flex Bd, Serv			Janus Henderson VIT Forty, Serv⁽²⁾
Operations
Investment income (loss) — net	$	(51)		$	(23,263	)	$	(4,779)		$	14,456		$	(107	)
Net realized gain (loss) on sales of investments		(14	)		62,818			159,604			(43,692	)		6
Distributions from capital gains		7,888			372,149			94,836			26,517			471
Net change in unrealized appreciation or depreciation of investments		(9,476	)		(2,936,390	)		(393,721	)		(264,013	)		(1,659	)
Net increase (decrease) in net assets resulting from operations		(1,653	)		(2,524,686	)		(144,060	)		(266,732	)		(1,289	)

Contract transactions
Contract purchase payments		28,051			576,620			2,000			136,881			41,975
Net transfers⁽¹⁾		(4	)		1,441,795			—			14,423			397
Transfers for policy loans		—			211			1,120			118			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		—			(2,883	)		(225	)		(324	)		—
Contract terminations:
Surrender benefits		—			(500,175	)		(432,820	)		(170,083	)		(161	)
Death benefits		—			(186,630	)		—			—			—
Increase (decrease) from transactions		28,047			1,328,938			(429,925	)		(18,985	)		42,211
Net assets at beginning of year		—			14,328,360			1,027,039			1,789,490			—
Net assets at end of year	$	26,394		$	13,132,612		$	453,054		$	1,503,773		$	40,922

Accumulation unit activity
Units outstanding at beginning of year		—			9,219,180			345,083			1,522,156			—
Units purchased		30,894			1,551,499			1,219			207,636			44,644
Units redeemed		—			(529,418	)		(164,055	)		(226,422	)		—
Units outstanding at end of year		30,894			10,241,261			182,247			1,503,370			44,644

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



102		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Janus Hend VIT Gbl Tech Innov, Srv			Janus Henderson VIT Overseas, Serv			Janus Henderson VIT Res, Serv			Lazard Ret Emer Mkts Eq, Serv⁽²⁾			Lazard Ret Global Dyn MA, Serv
Operations
Investment income (loss) — net	$	(7,999)		$	8,252		$	(28,329)		$	49		$	(11,195	)
Net realized gain (loss) on sales of investments		78,010			6,034			38,208			(1	)		3,501
Distributions from capital gains		179,084			—			529,811			—			58,683
Net change in unrealized appreciation or depreciation of investments		(852,767	)		(119,630	)		(1,683,027	)		(189	)		(269,111	)
Net increase (decrease) in net assets resulting from operations		(603,672	)		(105,344	)		(1,143,337	)		(141	)		(218,122	)

Contract transactions
Contract purchase payments		37,429			69,708			80,097			1,700			40,497
Net transfers⁽¹⁾		13,040			(12,010	)		52,050			(2	)		968
Transfers for policy loans		672			2,690			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(222	)		(328	)		(3,503	)		—			(98	)
Contract terminations:
Surrender benefits		(397,622	)		(74,773	)		(186,219	)		—			(40,233	)
Death benefits		—			(29,905	)		(21,265	)		—			—
Increase (decrease) from transactions		(346,703	)		(44,618	)		(78,840	)		1,698			1,134
Net assets at beginning of year		1,647,021			1,110,503			3,715,581			—			1,224,280
Net assets at end of year	$	696,646		$	960,541		$	2,493,404		$	1,557		$	1,007,292

Accumulation unit activity
Units outstanding at beginning of year		435,616			514,351			928,085			—			758,030
Units purchased		41,630			47,468			56,555			—			38,393
Units redeemed		(160,044	)		(55,585	)		(82,801	)		—			(32,409	)
Units outstanding at end of year		317,202			506,234			901,839			—			764,014

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			103

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Lord Abt Bond Debenture, Cl VC⁽²⁾			Lord Abt Short Dur Inc, Cl VC⁽²⁾			MFS Gbl Real Est, Serv Cl⁽²⁾			MFS Intl Gro, Serv Cl⁽²⁾			MFS Mass Inv Gro Stock, Serv Cl
Operations
Investment income (loss) — net	$	2,842		$	4,290		$	95		$	(62)		$	(31,436	)
Net realized gain (loss) on sales of investments		(10	)		(10	)		(2,235	)		(241	)		28,486
Distributions from capital gains		44			—			1,565			73			482,881
Net change in unrealized appreciation or depreciation of investments		(4,158	)		(4,957	)		(634	)		2,095			(1,345,307	)
Net increase (decrease) in net assets resulting from operations		(1,282	)		(677	)		(1,209	)		1,865			(865,376	)

Contract transactions
Contract purchase payments		86,380			154,690			52,282			45,374			25,638
Net transfers⁽¹⁾		(13	)		26,269			337			—			(56,176	)
Transfers for policy loans		—			—			—			—			5,449
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		—			—			—			—			(2,132	)
Contract terminations:
Surrender benefits		(218	)		(222	)		(180	)		—			(456,235	)
Death benefits		—			—			(13,989	)		—			(4,865	)
Increase (decrease) from transactions		86,149			180,737			38,450			45,374			(488,321	)
Net assets at beginning of year		—			—			—			—			4,377,887
Net assets at end of year	$	84,867		$	180,060		$	37,241		$	47,239		$	3,024,190

Accumulation unit activity
Units outstanding at beginning of year		—			—			—			—			1,619,014
Units purchased		88,551			183,235			60,787			47,113			16,295
Units redeemed		(14	)		—			(16,561	)		—			(233,157	)
Units outstanding at end of year		88,537			183,235			44,226			47,113			1,402,152

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



104		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	MFS New Dis, Serv Cl			MFS Research Intl, Serv Cl⁽²⁾			MFS Utilities, Serv Cl			MS VIF Dis, Cl II			MS VIF Global Real Est, Cl II
Operations
Investment income (loss) — net	$	(13,117)		$	11		$	66,632		$	(35,428)		$	21,981
Net realized gain (loss) on sales of investments		(61,127	)		(1	)		145,043			(421,872	)		(8,335	)
Distributions from capital gains		562,910			29			214,363			1,649,618			24,303
Net change in unrealized appreciation or depreciation of investments		(1,159,392	)		98			(458,729	)		(5,217,855	)		(235,849	)
Net increase (decrease) in net assets resulting from operations		(670,726	)		137			(32,691	)		(4,025,537	)		(197,900	)

Contract transactions
Contract purchase payments		15,752			1,275			574,685			413,731			11,243
Net transfers⁽¹⁾		(2,476	)		3,338			132,845			522,815			(12,892	)
Transfers for policy loans		1,958			—			(72	)		2,204			288
Adjustments to net assets allocated to contracts in payment period		—			—			(4,205	)		—			—
Contract charges		(793	)		—			(1,851	)		(1,442	)		(819	)
Contract terminations:
Surrender benefits		(153,327	)		—			(330,433	)		(160,154	)		(30,171	)
Death benefits		(8,294	)		—			(175,043	)		(16,656	)		(4,728	)
Increase (decrease) from transactions		(147,180	)		4,613			195,926			760,498			(37,079	)
Net assets at beginning of year		2,211,130			—			5,741,753			5,880,176			764,535
Net assets at end of year	$	1,393,224		$	4,750		$	5,904,988		$	2,615,137		$	529,556

Accumulation unit activity
Units outstanding at beginning of year		490,860			—			1,358,460			834,795			461,788
Units purchased		6,717			3,669			210,974			235,276			19,782
Units redeemed		(53,372	)		—			(153,529	)		(57,892	)		(43,680	)
Units outstanding at end of year		444,205			3,669			1,415,905			1,012,179			437,890

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			105

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	NB AMT Intl Eq, Cl S			NB AMT Sus Eq, Cl S			NB AMT US Eq Index PW Strat, Cl S			PIMCO VIT All Asset, Advisor Cl			PIMCO VIT Glb Man As Alloc, Adv Cl
Operations
Investment income (loss) — net	$	4,138		$	(9,325	)	$	(1,475)		$	224,506		$	2,370
Net realized gain (loss) on sales of investments		5,223			14,274			220			(44,502	)		(28,802	)
Distributions from capital gains		248,132			96,781			27,943			272,392			58,215
Net change in unrealized appreciation or depreciation of investments		(438,427	)		(334,759	)		(42,844	)		(945,407	)		(107,906	)
Net increase (decrease) in net assets resulting from operations		(180,934	)		(233,029	)		(16,156	)		(493,011	)		(76,123	)

Contract transactions
Contract purchase payments		13,482			95,881			41,148			47,186			34,836
Net transfers⁽¹⁾		20,387			48,099			2,047			26,205			9,668
Transfers for policy loans		149			—			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(867	)		(220	)		(14	)		(4,455	)		(96	)
Contract terminations:
Surrender benefits		(48,589	)		(22,828	)		(1,343	)		(518,613	)		(46,438	)
Death benefits		(308	)		(23,229	)		—			(30,784	)		(65,368	)
Increase (decrease) from transactions		(15,746	)		97,703			41,838			(480,461	)		(67,398	)
Net assets at beginning of year		784,795			1,130,011			131,223			4,146,180			421,656
Net assets at end of year	$	588,115		$	994,685		$	156,905		$	3,172,708		$	278,135

Accumulation unit activity
Units outstanding at beginning of year		443,266			295,526			102,661			2,041,555			272,305
Units purchased		26,341			53,681			39,870			84,812			35,455
Units redeemed		(37,242	)		(25,729	)		(2,748	)		(330,453	)		(86,343	)
Units outstanding at end of year		432,365			323,478			139,783			1,795,914			221,417

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



106		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	PIMCO VIT Tot Return, Advisor Cl			Put VT Global Hlth Care, Cl IB			Put VT Intl Eq, Cl IB			Put VT Intl Val, Cl IB⁽²⁾			Put VT Lg Cap Val, Cl IB⁽²⁾
Operations
Investment income (loss) — net	$	91,059		$	(5,690	)	$	3,684		$	(14)		$	(295	)
Net realized gain (loss) on sales of investments		(102,639	)		11,171			(7,781	)		(74	)		1,111
Distributions from capital gains		—			110,987			52,777			—			—
Net change in unrealized appreciation or depreciation of investments		(1,016,815	)		(189,616	)		(146,550	)		187			(634	)
Net increase (decrease) in net assets resulting from operations		(1,028,395	)		(73,148	)		(97,870	)		99			182

Contract transactions
Contract purchase payments		515,491			68,713			2,748			13,117			102,648
Net transfers⁽¹⁾		153,892			(5,936	)		(20,408	)		—			7,408
Transfers for policy loans		276			(856	)		6,077			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			(269	)		—			—
Contract charges		(449	)		(1,140	)		(264	)		—			—
Contract terminations:
Surrender benefits		(129,254	)		(89,596	)		(92,734	)		—			(245	)
Death benefits		(21,277	)		(38,118	)		(248	)		—			(21,262	)
Increase (decrease) from transactions		518,679			(66,933	)		(105,098	)		13,117			88,549
Net assets at beginning of year		6,676,140			1,330,665			592,233			—			—
Net assets at end of year	$	6,166,424		$	1,190,584		$	389,265		$	13,216		$	88,731

Accumulation unit activity
Units outstanding at beginning of year		5,837,012			291,255			264,332			—			—
Units purchased		1,116,840			31,761			6,274			11,786			106,686
Units redeemed		(602,372	)		(32,332	)		(65,236	)		—			(20,363	)
Units outstanding at end of year		6,351,480			290,684			205,370			11,786			86,323

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			107

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Put VT Sus Fut, Cl IB⁽²⁾			Put VT Sus Leaders, Cl IA			Put VT Sus Leaders, Cl IB			Royce Micro-Cap, Invest Cl			Temp Global Bond, Cl 2
Operations
Investment income (loss) — net	$	(47)		$	(27,704	)	$	(2,647)		$	(2,677)		$	(14,747	)
Net realized gain (loss) on sales of investments		(1	)		66,103			3,714			825			(72,392	)
Distributions from capital gains		—			981,070			136,499			93,201			—
Net change in unrealized appreciation or depreciation of investments		(699	)		(2,973,251	)		(398,652	)		(178,403	)		(4,861	)
Net increase (decrease) in net assets resulting from operations		(747	)		(1,953,782	)		(261,086	)		(87,054	)		(92,000	)

Contract transactions
Contract purchase payments		8,075			12,059			14,508			2,060			21,608
Net transfers⁽¹⁾		240			(118,679	)		(33,800	)		(28	)		(133,481	)
Transfers for policy loans		—			9,911			5,753			—			—
Adjustments to net assets allocated to contracts in payment period		—			(4,355	)		—			—			—
Contract charges		—			(2,751	)		(335	)		(105	)		(97	)
Contract terminations:
Surrender benefits		—			(178,301	)		(6,124	)		(5,734	)		(67,941	)
Death benefits		—			(39,656	)		(2,207	)		—			(2,736	)
Increase (decrease) from transactions		8,315			(321,772	)		(22,205	)		(3,807	)		(182,647	)
Net assets at beginning of year		—			8,336,627			1,111,679			376,996			1,562,822
Net assets at end of year	$	7,568		$	6,061,073		$	828,388		$	286,135		$	1,288,175

Accumulation unit activity
Units outstanding at beginning of year		—			1,365,454			211,712			68,928			1,816,581
Units purchased		7,405			4,437			9,767			465			49,699
Units redeemed		—			(68,348	)		(10,052	)		(1,317	)		(273,164	)
Units outstanding at end of year		7,405			1,301,543			211,427			68,076			1,593,116

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

⁽²⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

See accompanying notes to financial statements.



108		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Third Ave VST Third Ave Value			VanEck VIP Global Gold, Cl S			VP Aggr, Cl 2			VP Aggr, Cl 4			VP Conserv, Cl 2
Operations
Investment income (loss) — net	$	2,711		$	(9,081	)	$	(379,365)		$	(351,805)		$	(298,853	)
Net realized gain (loss) on sales of investments		6,264			(4,673	)		1,459,060			3,127,904			455,476
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		52,981			(112,567	)		(9,438,310	)		(11,535,844	)		(5,464,617	)
Net increase (decrease) in net assets resulting from operations		61,956			(126,321	)		(8,358,615	)		(8,759,745	)		(5,307,994	)

Contract transactions
Contract purchase payments		1,260			83,617			2,577,605			712,535			581,913
Net transfers⁽¹⁾		(14,612	)		13,364			(1,065,734	)		(2,943,403	)		3,609,391
Transfers for policy loans		—			—			23,406			35,684			9,092
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(113	)		(109	)		(137,411	)		(230,253	)		(248,132	)
Contract terminations:
Surrender benefits		(28,133	)		(40,619	)		(1,454,640	)		(2,503,834	)		(4,055,343	)
Death benefits		(863	)		(24,231	)		(465,328	)		(636,111	)		(1,116,795	)
Increase (decrease) from transactions		(42,461	)		32,022			(522,102	)		(5,565,382	)		(1,219,874	)
Net assets at beginning of year		440,178			1,006,789			44,159,953			47,714,860			32,802,093
Net assets at end of year	$	459,673		$	912,490		$	35,279,236		$	33,389,733		$	26,274,225

Accumulation unit activity
Units outstanding at beginning of year		151,669			870,356			16,954,564			18,121,982			22,117,061
Units purchased		421			151,905			1,256,632			328,015			3,411,548
Units redeemed		(14,115	)		(103,732	)		(1,493,085	)		(2,807,508	)		(4,365,916	)
Units outstanding at end of year		137,975			918,529			16,718,111			15,642,489			21,162,693

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			109

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	VP Conserv, Cl 4			VP Man Risk, Cl 2			VP Man Risk US, Cl 2			VP Man Vol Conserv, Cl 2			VP Man Vol Conserv Gro, Cl 2
Operations
Investment income (loss) — net	$	(227,976)		$	(92,060	)	$	(312,284)		$	(410,686)		$	(948,970	)
Net realized gain (loss) on sales of investments		454,833			65,185			107,458			337,924			1,770,359
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(4,408,446	)		(1,933,943	)		(6,391,831	)		(7,174,940	)		(19,907,232	)
Net increase (decrease) in net assets resulting from operations		(4,181,589	)		(1,960,818	)		(6,596,657	)		(7,247,702	)		(19,085,843	)

Contract transactions
Contract purchase payments		43,597			178,892			738,399			72,149			399,262
Net transfers⁽¹⁾		3,319,527			68,528			283,846			10,400,176			(5,386,419	)
Transfers for policy loans		(11,576	)		—			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(152,160	)		(144,164	)		(455,464	)		(547,552	)		(1,129,617	)
Contract terminations:
Surrender benefits		(2,246,228	)		(173,778	)		(929,913	)		(1,830,941	)		(3,161,419	)
Death benefits		(256,645	)		(161,082	)		(356,769	)		(1,487,100	)		(1,717,228	)
Increase (decrease) from transactions		696,515			(231,604	)		(719,901	)		6,606,732			(10,995,421	)
Net assets at beginning of year		25,375,348			10,877,077			36,208,944			43,039,063			110,899,410
Net assets at end of year	$	21,890,274		$	8,684,655		$	28,892,386		$	42,398,093		$	80,818,146

Accumulation unit activity
Units outstanding at beginning of year		16,983,441			8,335,274			25,436,001			33,415,628			78,230,129
Units purchased		2,544,833			207,589			851,633			9,571,528			713,146
Units redeemed		(1,996,624	)		(407,008	)		(1,525,373	)		(3,417,469	)		(9,468,376	)
Units outstanding at end of year		17,531,650			8,135,855			24,762,261			39,569,687			69,474,899

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



110		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	VP Man Vol Gro, Cl 2			VP Man Vol Mod Gro, Cl 2			VP Mod, Cl 2			VP Mod, Cl 4			VP Mod Aggr, Cl 2
Operations
Investment income (loss) — net	$	(5,887,610)		$	(9,298,481	)	$	(4,342,676)		$	(3,382,553)		$	(1,561,434	)
Net realized gain (loss) on sales of investments		8,616,455			19,448,619			15,086,627			20,488,339			9,153,110
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(145,452,335	)		(213,686,001	)		(97,221,757	)		(90,336,004	)		(41,756,094	)
Net increase (decrease) in net assets resulting from operations		(142,723,490	)		(203,535,863	)		(86,477,806	)		(73,230,218	)		(34,164,418	)

Contract transactions
Contract purchase payments		2,619,557			5,198,063			12,113,609			659,430			9,987,582
Net transfers⁽¹⁾		3,373,946			(10,133,054	)		8,964,949			(467,289	)		(9,591,192	)
Transfers for policy loans		19,804			4,870			4,401			13,161			(14,022	)
Adjustments to net assets allocated to contracts in payment period		—			—			(31,282	)		—			(19,549	)
Contract charges		(8,229,934	)		(12,499,460	)		(3,836,211	)		(2,609,980	)		(784,434	)
Contract terminations:
Surrender benefits		(17,818,618	)		(41,590,061	)		(30,944,480	)		(29,321,840	)		(12,560,482	)
Death benefits		(4,561,015	)		(6,624,822	)		(8,256,958	)		(5,507,751	)		(2,038,276	)
Increase (decrease) from transactions		(24,596,260	)		(65,644,464	)		(21,985,972	)		(37,234,269	)		(15,020,373	)
Net assets at beginning of year		713,185,086			1,089,494,647			502,487,179			432,673,372			189,530,018
Net assets at end of year	$	545,865,336		$	820,314,320		$	394,023,401		$	322,208,885		$	140,345,227

Accumulation unit activity
Units outstanding at beginning of year		416,960,069			663,537,563			248,771,941			212,114,201			82,152,345
Units purchased		4,558,430			3,488,953			12,984,934			1,050,917			5,117,314
Units redeemed		(21,546,982	)		(50,922,693	)		(25,440,673	)		(21,928,628	)		(12,664,286	)
Units outstanding at end of year		399,971,517			616,103,823			236,316,202			191,236,490			74,605,373

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			111

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	VP Mod Aggr, Cl 4			VP Mod Conserv, Cl 2			VP Mod Conserv, Cl 4			VP Ptnrs Core Bond, Cl 2			VP Ptnrs Core Eq, Cl 2
Operations
Investment income (loss) — net	$	(964,861)		$	(776,817	)	$	(612,905)		$	4,760		$	(2,878	)
Net realized gain (loss) on sales of investments		7,021,538			2,826,330			3,453,314			(8,963	)		13,699
Distributions from capital gains		—			—			—			9,218			—
Net change in unrealized appreciation or depreciation of investments		(28,593,315	)		(17,036,051	)		(15,383,161	)		(188,046	)		(59,643	)
Net increase (decrease) in net assets resulting from operations		(22,536,638	)		(14,986,538	)		(12,542,752	)		(183,031	)		(48,822	)

Contract transactions
Contract purchase payments		1,056,709			914,309			67,508			315,030			186,812
Net transfers⁽¹⁾		(4,485,501	)		(2,318,327	)		(1,500,945	)		17,191			(15,789	)
Transfers for policy loans		(227	)		28,382			2,068			—			—
Adjustments to net assets allocated to contracts in payment period		—			(22,564	)		—			—			—
Contract charges		(545,428	)		(621,931	)		(403,769	)		(54	)		(58	)
Contract terminations:
Surrender benefits		(6,414,972	)		(5,746,130	)		(5,083,540	)		(38,164	)		(8,112	)
Death benefits		(718,525	)		(2,453,322	)		(1,702,462	)		—			(1,827	)
Increase (decrease) from transactions		(11,107,944	)		(10,219,583	)		(8,621,140	)		294,003			161,026
Net assets at beginning of year		125,937,810			90,527,071			78,613,670			1,093,323			291,274
Net assets at end of year	$	92,293,228		$	65,320,950		$	57,449,778		$	1,204,295		$	403,478

Accumulation unit activity
Units outstanding at beginning of year		54,163,915			52,310,791			45,020,804			879,979			81,247
Units purchased		523,882			1,546,380			333,162			293,128			200,650
Units redeemed		(6,095,938	)		(8,366,620	)		(5,750,475	)		(43,716	)		(8,579	)
Units outstanding at end of year		48,591,859			45,490,551			39,603,491			1,129,391			273,318

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



112		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	VP Ptnrs Core Eq, Cl 3			VP Ptnrs Intl Core Eq, Cl 2			VP Ptnrs Intl Gro, Cl 2			VP Ptnrs Intl Val, Cl 2			VP Ptnrs Sm Cap Gro, Cl 2
Operations
Investment income (loss) — net	$	(12,938)		$	5,685		$	(23,213)		$	14,001		$	(16,170	)
Net realized gain (loss) on sales of investments		121,172			(13,616	)		(26,892	)		(13,899	)		17,150
Distributions from capital gains		—			151,196			124,856			—			—
Net change in unrealized appreciation or depreciation of investments		(409,402	)		(320,798	)		(856,577	)		(186,167	)		(516,636	)
Net increase (decrease) in net assets resulting from operations		(301,168	)		(177,533	)		(781,826	)		(186,065	)		(515,656	)

Contract transactions
Contract purchase payments		16,266			197,497			144,324			237,371			266,979
Net transfers⁽¹⁾		(54,623	)		72,202			3,017			29,224			119,101
Transfers for policy loans		587			—			515			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(3,309	)		(175	)		(439	)		(268	)		(372	)
Contract terminations:
Surrender benefits		(85,517	)		(10,457	)		(92,844	)		(55,165	)		(46,159	)
Death benefits		(26,889	)		—			(8,070	)		(3,965	)		(23,543	)
Increase (decrease) from transactions		(153,485	)		259,067			46,503			207,197			316,006
Net assets at beginning of year		1,685,775			810,976			2,745,640			1,478,933			1,623,350
Net assets at end of year	$	1,231,122		$	892,510		$	2,010,317		$	1,500,065		$	1,423,700

Accumulation unit activity
Units outstanding at beginning of year		530,080			449,604			1,278,095			1,092,894			452,900
Units purchased		5,682			181,239			109,595			229,051			137,550
Units redeemed		(62,147	)		(7,468	)		(95,702	)		(52,083	)		(25,866	)
Units outstanding at end of year		473,615			623,375			1,291,988			1,269,862			564,584

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			113

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	VP Ptnrs Sm Cap Val, Cl 2			VP Ptnrs Sm Cap Val, Cl 3			VP US Flex Conserv Gro, Cl 2			VP US Flex Gro, Cl 2			VP US Flex Mod Gro, Cl 2
Operations
Investment income (loss) — net	$	(8,022)		$	(25,483	)	$	(276,064)		$	(2,291,867)		$	(1,340,880	)
Net realized gain (loss) on sales of investments		12,181			191,236			43,997			1,145,822			907,430
Distributions from capital gains		—			—			—			—			—
Net change in unrealized appreciation or depreciation of investments		(111,637	)		(625,965	)		(5,206,697	)		(51,299,522	)		(27,452,514	)
Net increase (decrease) in net assets resulting from operations		(107,478	)		(460,212	)		(5,438,764	)		(52,445,567	)		(27,885,964	)

Contract transactions
Contract purchase payments		171,668			35,316			439,463			3,513,083			4,839,987
Net transfers⁽¹⁾		(22,734	)		(96,750	)		(1,736,187	)		4,535,540			1,008,302
Transfers for policy loans		—			783			—			—			—
Adjustments to net assets allocated to contracts in payment period		—			—			—			—			—
Contract charges		(49	)		(5,600	)		(275,001	)		(3,566,386	)		(1,748,213	)
Contract terminations:
Surrender benefits		(34,732	)		(211,010	)		(866,590	)		(3,421,746	)		(4,461,319	)
Death benefits		—			(44,534	)		(476,576	)		(849,390	)		(475,921	)
Increase (decrease) from transactions		114,153			(321,795	)		(2,914,891	)		211,101			(837,164	)
Net assets at beginning of year		741,894			3,393,353			30,735,465			268,290,783			150,642,654
Net assets at end of year	$	748,569		$	2,611,346		$	22,381,810		$	216,056,317		$	121,919,526

Accumulation unit activity
Units outstanding at beginning of year		284,605			839,251			22,653,626			164,862,990			100,978,553
Units purchased		76,296			10,098			771,757			5,756,331			5,225,295
Units redeemed		(27,505	)		(98,643	)		(3,409,004	)		(5,607,616	)		(6,093,572	)
Units outstanding at end of year		333,396			750,706			20,016,379			165,011,705			100,110,276

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



114		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

Statement of Changes in Net Assets


Year ended December 31, 2022 (continued)	Wanger Acorn			Wanger Intl			WA Var Global Hi Yd Bond, Cl II
Operations
Investment income (loss) — net	$	(77,828)		$	2,355		$	29,957
Net realized gain (loss) on sales of investments		(629,382	)		(265,805	)		(25,543	)
Distributions from capital gains		3,156,794			1,082,359			—
Net change in unrealized appreciation or depreciation of investments		(6,671,272	)		(3,749,506	)		(121,774	)
Net increase (decrease) in net assets resulting from operations		(4,221,688	)		(2,930,597	)		(117,360	)

Contract transactions
Contract purchase payments		100,830			103,626			10,752
Net transfers⁽¹⁾		(93,240	)		118,353			(120,540	)
Transfers for policy loans		6,771			3,624			—
Adjustments to net assets allocated to contracts in payment period		(1,638	)		(902	)		—
Contract charges		(7,336	)		(5,731	)		(35	)
Contract terminations:
Surrender benefits		(572,082	)		(513,626	)		(37,419	)
Death benefits		(68,636	)		(48,025	)		—
Increase (decrease) from transactions		(635,331	)		(342,681	)		(147,242	)
Net assets at beginning of year		12,517,077			8,546,627			829,632
Net assets at end of year	$	7,660,058		$	5,273,349		$	565,030

Accumulation unit activity
Units outstanding at beginning of year		1,996,789			2,201,367			651,144
Units purchased		31,711			91,484			11,508
Units redeemed		(180,049	)		(239,887	)		(143,415	)
Units outstanding at end of year		1,848,451			2,052,964			519,237

⁽¹⁾	Includes transfer activity from (to) other divisions and transfers from (to) RiverSource Life of NY’s fixed account.

See accompanying notes to financial statements.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			115

Notes to Financial Statements

1. ORGANIZATION

RiverSource of New York Variable Annuity Account (the Account) was established under New York law as a segregated asset account of RiverSource Life Insurance Co. of New York (RiverSource Life of NY). The Account is registered as a unit investment trust under the Investment Company Act of 1940, as amended (the 1940 Act) and exists in accordance with the rules and regulations of the New York State Department of Financial Services.

The Account is used as a funding vehicle for individual variable annuity contracts issued by RiverSource Life of NY. The following is a list of each variable annuity product funded through the Account.

RiverSource^® Retirement Advisor Advantage Plus Variable Annuity (RAVA Advantage Plus)

RiverSource^® Retirement Advisor Select Plus Variable Annuity (RAVA Select Plus)

RiverSource^® Retirement Advisor 4 Advantage^® Variable Annuity (RAVA 4 Advantage)

RiverSource^® Retirement Advisor 4 Select^® Variable Annuity (RAVA 4 Select)

RiverSource^® Retirement Advisor 4 Access^® Variable Annuity (RAVA 4 Access)

RiverSource^® RAVA 5 Advantage^® Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource^® RAVA 5 Select^® Variable Annuity (RAVA 5 Select) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource^® RAVA 5 Access^® Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)

RiverSource^® RAVA 5 Advantage^® Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed prior to April 30, 2012)

RiverSource^® RAVA 5 Select^® Variable Annuity (RAVA 5 Select) (Offered for contract applications signed prior to April 30, 2012)

RiverSource^® RAVA 5 Access^® Variable Annuity (RAVA 5 Access) (Offered for contract applications signed prior to April 30, 2012)

RiverSource^® RAVA 5 Advantage^® Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 29, 2013)

RiverSource^® RAVA 5 Select^® Variable Annuity (RAVA 5 Select) (Offered for contract applications signed on or after April 29, 2013)

RiverSource^® RAVA 5 Access^® Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after April 29, 2013)

RiverSource^® RAVA 5 Advantage^® Variable Annuity (RAVA 5 Advantage) (Offered for contract applications signed on or after April 29, 2019)

RiverSource^® RAVA 5 Choice^SM Variable Annuity (RAVA 5 Choice)

RiverSource^® RAVA 5 Access^® Variable Annuity (RAVA 5 Access) (Offered for contract applications signed on or after June 22, 2020)

RiverSource^® RAVA Apex NY Variable Annuity (RAVA Apex)

RiverSource^® RAVA Vista NY Variable Annuity (RAVA Vista)

RiverSource^® Flexible Portfolio Annuity (FPA)*

RiverSource^® Retirement Advisor Variable Annuity (RAVA)*

RiverSource^® Retirement Advisor Advantage Variable Annuity (RAVA Advantage)*

RiverSource^® Retirement Advisor Select Variable Annuity (RAVA Select)*

*	New contracts are no longer being issued for this product. As a result, an annual contract prospectus and statement of additional information are no longer distributed. An annual report for this product is distributed to all current contract holders.

The Account is comprised of various divisions. Each division invests exclusively in shares of the following funds or portfolios (collectively, the Funds), which are registered under the 1940 Act as open-end management investment companies. The name of each Fund and the corresponding division name are provided below. Each division is comprised of subaccounts. Individual variable annuity accounts invest in subaccounts. For each division, the financial statements are comprised of a statement of assets and liabilities as of December 31, 2023, a related statement of operations for the year then ended and statements of changes in net assets for each of the two years in the period then ended, all presented to reflect a full twelve month period except as noted below.


Division		Fund
AB VPS Dyn Asset Alloc, Cl B		AB VPS Dynamic Asset Allocation Portfolio (Class B)
AB VPS Intl Val, Cl B		AB VPS International Value Portfolio (Class B)



116		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


Division		Fund
AB VPS Lg Cap Gro, Cl B		AB VPS Large Cap Growth Portfolio (Class B)
AB VPS Relative Val, Cl B		AB VPS Relative Value Portfolio (Class B) (previously AB VPS Growth and Income Portfolio (Class B))
AB VPS Sus Gbl Thematic, Cl B		AB VPS Sustainable Global Thematic Portfolio (Class B)
Allspg VT Index Asset Alloc, Cl 2		Allspring VT Index Asset Allocation Fund – Class 2
Allspg VT Intl Eq, Cl 2		Allspring VT International Equity Fund – Class 2⁽¹⁾
Allspg VT Opp, Cl 2		Allspring VT Opportunity Fund – Class 2
Allspg VT Sm Cap Gro, Cl 2		Allspring VT Small Cap Growth Fund – Class 2
ALPS Alerian Engy Infr, Class III		ALPS/Alerian Energy Infrastructure Portfolio: Class III
AC VP Intl, Cl I		American Century VP International, Class I⁽²⁾
AC VP Intl, Cl II		American Century VP International, Class II⁽³⁾
AC VP Mid Cap Val, Cl II		American Century VP Mid Cap Value, Class II⁽⁴⁾
AC VP Ultra, Cl II		American Century VP Ultra^®, Class II⁽⁵⁾
AC VP Val, Cl I		American Century VP Value, Class I⁽⁶⁾
AC VP Val, Cl II		American Century VP Value, Class II⁽⁷⁾
BlackRock Adv SMID Cap VI, Cl III		BlackRock Advantage SMID Cap V.I. Fund (Class III)⁽⁸⁾
BlackRock Global Alloc, Cl III		BlackRock Global Allocation V.I. Fund (Class III)
BNY Mellon Sus US Eq, Serv		BNY Mellon Sustainable U.S. Equity Portfolio, Inc. – Service Shares⁽⁸⁾
Calvert VP EAFE Intl Index, Cl F		Calvert VP EAFE International Index Portfolio – Class F⁽⁸⁾ (renamed to CVT EAFE International Index Portfolio – Class F effective sometime during the second quarter of 2024)
Calvert VP Nasdaq 100 Index, Cl F		Calvert VP Nasdaq 100 Index Portfolio – Class F⁽⁸⁾ (renamed to CVT Nasdaq 100 Index Portfolio – Class F effective sometime during the second quarter of 2024)
Calv VP Russ 2000 Sm Cap Ind, Cl F		Calvert VP Russell 2000^® Small Cap Index Portfolio – Class F⁽⁸⁾ (renamed to CVT Russell 2000^® Small Cap Index Portfolio – Class F effective sometime during the second quarter of 2024)
Calvert VP SRI Bal, Cl F		Calvert VP SRI Balanced Portfolio – Class F⁽⁸⁾
Calvert VP SRI Bal, Cl I		Calvert VP SRI Balanced Portfolio – Class I
CB Var Sm Cap Gro, Cl I		ClearBridge Variable Small Cap Growth Portfolio – Class I
Col VP Bal, Cl 2		Columbia Variable Portfolio – Balanced Fund (Class 2)
Col VP Bal, Cl 3		Columbia Variable Portfolio – Balanced Fund (Class 3)
Col VP Commodity Strategy, Cl 2		Columbia Variable Portfolio – Commodity Strategy Fund (Class 2)
Col VP Contrarian Core, Cl 2		Columbia Variable Portfolio – Contrarian Core Fund (Class 2)
Col VP Disciplined Core, Cl 2		Columbia Variable Portfolio – Disciplined Core Fund (Class 2)
Col VP Disciplined Core, Cl 3		Columbia Variable Portfolio – Disciplined Core Fund (Class 3)
Col VP Divd Opp, Cl 2		Columbia Variable Portfolio – Dividend Opportunity Fund (Class 2)
Col VP Divd Opp, Cl 3		Columbia Variable Portfolio – Dividend Opportunity Fund (Class 3)
Col VP Emerg Mkts Bond, Cl 2		Columbia Variable Portfolio – Emerging Markets Bond Fund (Class 2)
Col VP Emer Mkts, Cl 2		Columbia Variable Portfolio – Emerging Markets Fund (Class 2)
Col VP Emer Mkts, Cl 3		Columbia Variable Portfolio – Emerging Markets Fund (Class 3)
Col VP Global Strategic Inc, Cl 2		Columbia Variable Portfolio – Global Strategic Income Fund (Class 2)
Col VP Global Strategic Inc, Cl 3		Columbia Variable Portfolio – Global Strategic Income Fund (Class 3)
Col VP Govt Money Mkt, Cl 2		Columbia Variable Portfolio – Government Money Market Fund (Class 2)
Col VP Govt Money Mkt, Cl 3		Columbia Variable Portfolio – Government Money Market Fund (Class 3)
Col VP Hi Yield Bond, Cl 2		Columbia Variable Portfolio – High Yield Bond Fund (Class 2)
Col VP Hi Yield Bond, Cl 3		Columbia Variable Portfolio – High Yield Bond Fund (Class 3)
Col VP Inc Opp, Cl 2		Columbia Variable Portfolio – Income Opportunities Fund (Class 2)
Col VP Inc Opp, Cl 3		Columbia Variable Portfolio – Income Opportunities Fund (Class 3)
Col VP Inter Bond, Cl 2		Columbia Variable Portfolio – Intermediate Bond Fund (Class 2)
Col VP Inter Bond, Cl 3		Columbia Variable Portfolio – Intermediate Bond Fund (Class 3)
Col VP Lg Cap Gro, Cl 2		Columbia Variable Portfolio – Large Cap Growth Fund (Class 2)
Col VP Lg Cap Gro, Cl 3		Columbia Variable Portfolio – Large Cap Growth Fund (Class 3)
Col VP Lg Cap Index, Cl 2		Columbia Variable Portfolio – Large Cap Index Fund (Class 2)
Col VP Lg Cap Index, Cl 3		Columbia Variable Portfolio – Large Cap Index Fund (Class 3)
Col VP Limited Duration Cr, Cl 2		Columbia Variable Portfolio – Limited Duration Credit Fund (Class 2)
Col VP Long Govt/Cr Bond, Cl 2		Columbia Variable Portfolio – Long Government/Credit Bond Fund (Class 2)
Col VP Overseas Core, Cl 2		Columbia Variable Portfolio – Overseas Core Fund (Class 2)
Col VP Overseas Core, Cl 3		Columbia Variable Portfolio – Overseas Core Fund (Class 3)
Col VP Select Lg Cap Eq, Cl 2		Columbia Variable Portfolio – Select Large Cap Equity Fund (Class 2)⁽⁸⁾



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			117


Division		Fund
Col VP Select Lg Cap Val, Cl 2		Columbia Variable Portfolio – Select Large Cap Value Fund (Class 2)
Col VP Select Lg Cap Val, Cl 3		Columbia Variable Portfolio – Select Large Cap Value Fund (Class 3)
Col VP Select Mid Cap Gro, Cl 2		Columbia Variable Portfolio – Select Mid Cap Growth Fund (Class 2)
Col VP Select Mid Cap Gro, Cl 3		Columbia Variable Portfolio – Select Mid Cap Growth Fund (Class 3)
Col VP Select Mid Cap Val, Cl 2		Columbia Variable Portfolio – Select Mid Cap Value Fund (Class 2)
Col VP Select Mid Cap Val, Cl 3		Columbia Variable Portfolio – Select Mid Cap Value Fund (Class 3)
Col VP Select Sm Cap Val, Cl 2		Columbia Variable Portfolio – Select Small Cap Value Fund (Class 2)
Col VP Select Sm Cap Val, Cl 3		Columbia Variable Portfolio – Select Small Cap Value Fund (Class 3)
Col VP Sel Gbl Tech, Cl 2		Columbia Variable Portfolio – Seligman Global Technology Fund (Class 2)⁽⁸⁾
Col VP Sm Cap Val, Cl 2		Columbia Variable Portfolio – Small Cap Value Fund (Class 2)⁽⁸⁾
Col VP Strategic Inc, Cl 2		Columbia Variable Portfolio – Strategic Income Fund (Class 2)
Col VP US Govt Mtge, Cl 2		Columbia Variable Portfolio – U.S. Government Mortgage Fund (Class 2)
Col VP US Govt Mtge, Cl 3		Columbia Variable Portfolio – U.S. Government Mortgage Fund (Class 3)
CS Commodity Return, Cl 1		Credit Suisse Trust – Commodity Return Strategy Portfolio, Class 1
CTIVP AC Div Bond, Cl 2		CTIVP^® – American Century Diversified Bond Fund (Class 2)
CTIVP BR Gl Infl Prot Sec, Cl 2		CTIVP^® – BlackRock Global Inflation-Protected Securities Fund (Class 2)
CTIVP BR Gl Infl Prot Sec, Cl 3		CTIVP^® – BlackRock Global Inflation-Protected Securities Fund (Class 3)
CTIVP CenterSquare Real Est, Cl 2		CTIVP^® – CenterSquare Real Estate Fund (Class 2)
CTIVP MFS Val, Cl 2		CTIVP^® – MFS^® Value Fund (Class 2)
CTIVP MS Adv, Cl 2		CTIVP^® – Morgan Stanley Advantage Fund (Class 2) (renamed to CTIVP^® – Westfield Select Large Cap Growth Fund (Class 2) effective sometime during the second quarter of 2024)
CTIVP Prin Blue Chip Gro, Cl 1		CTIVP^® – Principal Blue Chip Growth Fund (Class 1)
CTIVP Prin Blue Chip Gro, Cl 2		CTIVP^® – Principal Blue Chip Growth Fund (Class 2)
CTIVP T Rowe Price LgCap Val, Cl 2		CTIVP^® – T. Rowe Price Large Cap Value Fund (Class 2)
CTIVP TCW Core Plus Bond, Cl 2		CTIVP^® – TCW Core Plus Bond Fund (Class 2)
CTIVP Vty Sycamore Estb Val, Cl 2		CTIVP^® – Victory Sycamore Established Value Fund (Class 2)
CTIVP Vty Sycamore Estb Val, Cl 3		CTIVP^® – Victory Sycamore Established Value Fund (Class 3)
CTIVP Westfield Mid Cap Gro, Cl 2		CTIVP^® – Westfield Mid Cap Growth Fund (Class 2)
Del Ivy VIP Asset Strategy, Cl II		Delaware Ivy VIP Asset Strategy, Class II (renamed to Macquarie VIP Asset Strategy Series – Service Class effective sometime during the second quarter of 2024)
Del VIP for Inc, Serv Cl		Delaware VIP^® Fund for Income Series – Service Class⁽⁸⁾ (renamed to Macquarie VIP Fund for Income Series – Service Class effective sometime during the second quarter of 2024)
Del VIP Intl, Serv Cl		Delaware VIP^® International Series – Service Class⁽⁸⁾⁽⁹⁾
DWS Alt Asset Alloc VIP, Cl B		DWS Alternative Asset Allocation VIP, Class B
EV VT Floating-Rate Inc, Init Cl		Eaton Vance VT Floating-Rate Income Fund – Initial Class
Fid VIP Contrafund, Serv Cl 2		Fidelity^® VIP Contrafund^SM Portfolio Service Class 2
Fid VIP Emer Mkts, Serv Cl 2		Fidelity^® VIP Emerging Markets Portfolio Service Class 2⁽⁸⁾
Fid VIP Energy, Serv Cl 2		Fidelity^® VIP Energy Portfolio Service Class 2⁽⁸⁾
Fid VIP Gro & Inc, Serv Cl		Fidelity^® VIP Growth & Income Portfolio Service Class
Fid VIP Gro & Inc, Serv Cl 2		Fidelity^® VIP Growth & Income Portfolio Service Class 2
Fid VIP Gro Opp, Serv Cl 2		Fidelity^® VIP Growth Opportunities Portfolio Service Class 2⁽⁸⁾
Fid VIP Intl Cap Appr, Serv Cl 2		Fidelity^® VIP International Capital Appreciation Portfolio Service Class 2⁽⁸⁾
Fid VIP Invest Gr, Serv Cl 2		Fidelity^® VIP Investment Grade Bond Portfolio Service Class 2⁽⁸⁾
Fid VIP Mid Cap, Serv Cl		Fidelity^® VIP Mid Cap Portfolio Service Class
Fid VIP Mid Cap, Serv Cl 2		Fidelity^® VIP Mid Cap Portfolio Service Class 2
Fid VIP Overseas, Serv Cl		Fidelity^® VIP Overseas Portfolio Service Class
Fid VIP Overseas, Serv Cl 2		Fidelity^® VIP Overseas Portfolio Service Class 2
Fid VIP Strategic Inc, Serv Cl 2		Fidelity^® VIP Strategic Income Portfolio Service Class 2
Frank Global Real Est, Cl 2		Franklin Global Real Estate VIP Fund – Class 2
Frank Inc, Cl 2		Franklin Income VIP Fund – Class 2
Frank Inc, Cl 4		Franklin Income VIP Fund – Class 4⁽⁸⁾
Frank Mutual Gbl Dis, Cl 4		Franklin Mutual Global Discovery VIP Fund – Class 4⁽⁸⁾
Frank Mutual Shares, Cl 2		Franklin Mutual Shares VIP Fund – Class 2
Frank Sm Cap Val, Cl 2		Franklin Small Cap Value VIP Fund – Class 2
Frank Sm Cap Val, Cl 4		Franklin Small Cap Value VIP Fund – Class 4⁽⁸⁾
GS VIT Mid Cap Val, Inst		Goldman Sachs VIT Mid Cap Value Fund – Institutional Shares
GS VIT Multi-Strategy Alt, Advisor		Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Advisor Shares
GS VIT Multi-Strategy Alt, Serv		Goldman Sachs VIT Multi-Strategy Alternatives Portfolio – Service Shares⁽⁸⁾



118		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


Division		Fund
GS VIT Sm Cap Eq Insights, Inst		Goldman Sachs VIT Small Cap Equity Insights Fund – Institutional Shares
GS VIT Sm Cap Eq Insights, Serv		Goldman Sachs VIT Small Cap Equity Insights Fund – Service Shares⁽⁸⁾
GS VIT U.S. Eq Insights, Inst		Goldman Sachs VIT U.S. Equity Insights Fund – Institutional Shares
Invesco VI Am Fran, Ser I		Invesco V.I. American Franchise Fund, Series I Shares
Invesco VI Am Fran, Ser II		Invesco V.I. American Franchise Fund, Series II Shares
Invesco VI Bal Risk Alloc, Ser II		Invesco V.I. Balanced-Risk Allocation Fund, Series II Shares
Invesco VI Comstock, Ser II		Invesco V.I. Comstock Fund, Series II Shares
Invesco VI Core Eq, Ser I		Invesco V.I. Core Equity Fund, Series I Shares
Invesco VI Core Plus Bond, Ser II		Invesco V.I. Core Plus Bond Fund, Series II Shares⁽⁸⁾
Invesco VI Dis Mid Cap Gro, Ser I		Invesco V.I. Discovery Mid Cap Growth Fund, Series I Shares
Invesco VI Dis Mid Cap Gro, Ser II		Invesco V.I. Discovery Mid Cap Growth Fund, Series II Shares
Invesco VI Div Divd, Ser I		Invesco V.I. Diversified Dividend Fund, Series I Shares
Invesco VI Div Divd, Ser II		Invesco V.I. Diversified Dividend Fund, Series II Shares
Invesco VI EQV Intl Eq, Ser II		Invesco V.I. EQV International Equity Fund, Series II Shares
Invesco VI Global, Ser II		Invesco V.I. Global Fund, Series II Shares
Invesco VI Gbl Strat Inc, Ser II		Invesco V.I. Global Strategic Income Fund, Series II Shares
Invesco VI Hlth, Ser II		Invesco V.I. Health Care Fund, Series II Shares
Invesco VI Main St, Ser II		Invesco V.I. Main Street Fund^®, Series II Shares
Invesco VI Mn St Sm Cap, Ser II		Invesco V.I. Main Street Small Cap Fund^®, Series II Shares
Invesco VI Tech, Ser I		Invesco V.I. Technology Fund, Series I Shares
Invesco VI Tech, Ser II		Invesco V.I. Technology Fund, Series II Shares⁽⁸⁾
Janus Henderson VIT Bal, Serv		Janus Henderson VIT Balanced Portfolio: Service Shares
Janus Henderson VIT Enter, Serv		Janus Henderson VIT Enterprise Portfolio: Service Shares
Janus Henderson VIT Flex Bd, Serv		Janus Henderson VIT Flexible Bond Portfolio: Service Shares
Janus Henderson VIT Forty, Serv		Janus Henderson VIT Forty Portfolio: Service Shares⁽⁸⁾
Janus Hend VIT Gbl Tech Innov, Srv		Janus Henderson VIT Global Technology and Innovation Portfolio: Service Shares
Janus Henderson VIT Overseas, Serv		Janus Henderson VIT Overseas Portfolio: Service Shares
Janus Henderson VIT Res, Serv		Janus Henderson VIT Research Portfolio: Service Shares
Lazard Ret Emer Mkts Eq, Serv		Lazard Retirement Emerging Markets Equity Portfolio – Service Shares⁽⁸⁾
Lazard Ret Global Dyn MA, Serv		Lazard Retirement Global Dynamic Multi-Asset Portfolio – Service Shares
Lord Abt Bond Debenture, Cl VC		Lord Abbett Series Fund Bond Debenture Portfolio – Class VC⁽⁸⁾
Lord Abt Short Dur Inc, Cl VC		Lord Abbett Series Fund Short Duration Income Portfolio – Class VC⁽⁸⁾
LVIP JPM US Eq, Serv Cl		LVIP JPMorgan U.S. Equity Fund – Service Class⁽¹⁰⁾^,(11)
MFS Gbl Real Est, Serv Cl		MFS^® Global Real Estate Portfolio – Service Class⁽⁸⁾
MFS Intl Gro, Serv Cl		MFS^® International Growth Portfolio – Service Class⁽⁸⁾
MFS Mass Inv Gro Stock, Serv Cl		MFS^® Massachusetts Investors Growth Stock Portfolio – Service Class
MFS New Dis, Serv Cl		MFS^® New Discovery Series – Service Class
MFS Research Intl, Serv Cl		MFS^® Research International Portfolio – Service Class⁽⁸⁾
MFS Utilities, Serv Cl		MFS^® Utilities Series – Service Class
MS VIF Dis, Cl II		Morgan Stanley VIF Discovery Portfolio, Class II Shares
MS VIF Global Real Est, Cl II		Morgan Stanley VIF Global Real Estate Portfolio, Class II Shares
NB AMT Intl Eq, Cl S		Neuberger Berman AMT International Equity Portfolio (Class S)⁽¹²⁾
NB AMT Sus Eq, Cl S		Neuberger Berman AMT Sustainable Equity Portfolio (Class S)
NB AMT US Eq Index PW Strat, Cl S		Neuberger Berman AMT U.S. Equity Index PutWrite Strategy Portfolio (Class S)⁽¹³⁾
PIMCO VIT All Asset, Advisor Cl		PIMCO VIT All Asset Portfolio, Advisor Class
PIMCO VIT Glb Man As Alloc, Adv Cl		PIMCO VIT Global Managed Asset Allocation Portfolio, Advisor Class
PIMCO VIT Tot Return, Advisor Cl		PIMCO VIT Total Return Portfolio, Advisor Class
Put VT Global Hlth Care, Cl IB		Putnam VT Global Health Care Fund – Class IB Shares
Put VT Intl Eq, Cl IB		Putnam VT International Equity Fund – Class IB Shares
Put VT Intl Val, Cl IB		Putnam VT International Value Fund – Class IB Shares⁽⁸⁾
Put VT Lg Cap Val, Cl IB		Putnam VT Large Cap Value Fund – Class IB Shares⁽⁸⁾
Put VT Sus Fut, Cl IB		Putnam VT Sustainable Future Fund – Class IB Shares⁽⁸⁾
Put VT Sus Leaders, Cl IA		Putnam VT Sustainable Leaders Fund – Class IA Shares
Put VT Sus Leaders, Cl IB		Putnam VT Sustainable Leaders Fund – Class IB Shares
Royce Micro-Cap, Invest Cl		Royce Capital Fund – Micro-Cap Portfolio, Investment Class
Temp Global Bond, Cl 2		Templeton Global Bond VIP Fund – Class 2
Third Ave VST Third Ave Value		Third Avenue VST Third Avenue Value Portfolio
VanEck VIP Global Gold, Cl S		VanEck VIP Global Gold Fund (Class S Shares)
VP Aggr, Cl 2		Variable Portfolio – Aggressive Portfolio (Class 2)



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			119


Division		Fund
VP Aggr, Cl 4		Variable Portfolio – Aggressive Portfolio (Class 4)
VP Conserv, Cl 2		Variable Portfolio – Conservative Portfolio (Class 2)
VP Conserv, Cl 4		Variable Portfolio – Conservative Portfolio (Class 4)
VP Man Risk, Cl 2		Variable Portfolio – Managed Risk Fund (Class 2)
VP Man Risk US, Cl 2		Variable Portfolio – Managed Risk U.S. Fund (Class 2)
VP Man Vol Conserv, Cl 2		Variable Portfolio – Managed Volatility Conservative Fund (Class 2)
VP Man Vol Conserv Gro, Cl 2		Variable Portfolio – Managed Volatility Conservative Growth Fund (Class 2)
VP Man Vol Gro, Cl 2		Variable Portfolio – Managed Volatility Growth Fund (Class 2)
VP Man Vol Mod Gro, Cl 2		Variable Portfolio – Managed Volatility Moderate Growth Fund (Class 2)
VP Mod, Cl 2		Variable Portfolio – Moderate Portfolio (Class 2)
VP Mod, Cl 4		Variable Portfolio – Moderate Portfolio (Class 4)
VP Mod Aggr, Cl 2		Variable Portfolio – Moderately Aggressive Portfolio (Class 2)
VP Mod Aggr, Cl 4		Variable Portfolio – Moderately Aggressive Portfolio (Class 4)
VP Mod Conserv, Cl 2		Variable Portfolio – Moderately Conservative Portfolio (Class 2)
VP Mod Conserv, Cl 4		Variable Portfolio – Moderately Conservative Portfolio (Class 4)
VP Ptnrs Core Bond, Cl 2		Variable Portfolio – Partners Core Bond Fund (Class 2)
VP Ptnrs Core Eq, Cl 2		Variable Portfolio – Partners Core Equity Fund (Class 2)
VP Ptnrs Core Eq, Cl 3		Variable Portfolio – Partners Core Equity Fund (Class 3)
VP Ptnrs Intl Core Eq, Cl 2		Variable Portfolio – Partners International Core Equity Fund (Class 2)
VP Ptnrs Intl Gro, Cl 2		Variable Portfolio – Partners International Growth Fund (Class 2)
VP Ptnrs Intl Val, Cl 2		Variable Portfolio – Partners International Value Fund (Class 2)
VP Ptnrs Sm Cap Gro, Cl 2		Variable Portfolio – Partners Small Cap Growth Fund (Class 2)
VP Ptnrs Sm Cap Val, Cl 2		Variable Portfolio – Partners Small Cap Value Fund (Class 2)
VP Ptnrs Sm Cap Val, Cl 3		Variable Portfolio – Partners Small Cap Value Fund (Class 3)
VP US Flex Conserv Gro, Cl 2		Variable Portfolio – U.S. Flexible Conservative Growth Fund (Class 2)
VP US Flex Gro, Cl 2		Variable Portfolio – U.S. Flexible Growth Fund (Class 2)
VP US Flex Mod Gro, Cl 2		Variable Portfolio – U.S. Flexible Moderate Growth Fund (Class 2)
Wanger Acorn		Wanger Acorn
Wanger Intl		Wanger International
WA Var Global Hi Yd Bond, Cl II		Western Asset Variable Global High Yield Bond Portfolio – Class II

⁽¹⁾	Allspring VT International Equity Fund – Class 2 is scheduled to liquidate sometime during the second quarter of 2024.

⁽²⁾	American Century VP International, Class I is scheduled to reorganize into LVIP American Century International Fund, Standard Class II sometime during the second quarter of 2024.

⁽³⁾	American Century VP International, Class II is scheduled to reorganize into LVIP American Century International Fund, Service Class sometime during the second quarter of 2024.

⁽⁴⁾	American Century VP Mid Cap Value, Class II is scheduled to reorganize into LVIP American Century Mid Cap Value Fund, Service Class sometime during the second quarter of 2024.

⁽⁵⁾	American Century VP Ultra^®, Class II is scheduled to reorganize into LVIP American Century Ultra^® Fund, Service Class sometime during the second quarter of 2024.

⁽⁶⁾	American Century VP Value, Class I is scheduled to reorganize into LVIP American Century Value Fund, Standard Class II sometime during the second quarter of 2024.

⁽⁷⁾	American Century VP Value, Class II is scheduled to reorganize into LVIP American Century Value Fund, Service Class sometime during the second quarter of 2024.

⁽⁸⁾	For the period May 2, 2022 (commencement of operations) to December 31, 2022.

⁽⁹⁾

Delaware VIP^® International Series – Service Class is scheduled to merge into Delaware Ivy VIP International Core Equity – Class II sometime during the second quarter of 2024. In addition, subsequent to the merger, the fund name will change to Macquarie VIP International Core Equity Series – Service Class.

⁽¹⁰⁾	JPMorgan Insurance Trust U.S. Equity Portfolio – Class 2 Shares merged into LVIP JPMorgan U.S. Equity Fund – Service Class on April 28, 2023.

⁽¹¹⁾	For the period April 28, 2023 (commencement of operations) to December 31, 2023.

⁽¹²⁾	Neuberger Berman AMT International Equity Portfolio (Class S) is scheduled to liquidate sometime during the second quarter of 2024.

⁽¹³⁾	Neuberger Berman AMT U.S. Equity Index PutWrite Strategy Portfolio (Class S) is scheduled to liquidate sometime during the second quarter of 2024.

The assets of each division of the Account are not chargeable with liabilities arising out of the business conducted by any other segregated asset account or by RiverSource Life of NY.

RiverSource Life of NY serves as issuer of the contracts.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Investments in the Funds

Investment transactions are accounted for on the date the shares are purchased and sold. Realized gains and losses on the sales of investments are computed using the average cost method. Income from dividends and gains from realized capital gain distributions are reinvested in additional shares of the Funds and are recorded as income by the divisions on the ex-dividend date.

Unrealized appreciation or depreciation of investments in the accompanying financial statements represents the division’s share of the Funds’ undistributed net investment income, undistributed realized gain or loss and the unrealized appreciation or depreciation on their investment securities.



120		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

The Account categorizes its fair value measurements according to a three-level hierarchy. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is deemed significant to the fair value measurement. The three levels of the fair value hierarchy are defined as follows:

Level 1 – Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2 – Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3 – Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The Funds in the Accounts have been measured at fair value using the net asset value per share (or its equivalent) as a practical expedient and are therefore not categorized in the fair value hierarchy. There were no transfers between levels in the period ended December 31, 2023.

Variable Payout

Net assets allocated to contracts in the payout period are periodically compared to a computation which uses the Annuity 2000 Basic Mortality Table and which assumes future mortality improvement. The assumed investment return is 3.5% or 5% based on the annuitant’s election, or as regulated by the laws of the respective states. The mortality risk is fully borne by RiverSource Life of NY and may result in additional amounts being transferred into the variable annuity account by RiverSource Life of NY to cover greater longevity of annuitants than expected. Conversely, if amounts allocated exceed amounts required, transfers may be made to the insurance company.

Federal Income Taxes

RiverSource Life of NY is taxed as a life insurance company. The Account is treated as part of RiverSource Life of NY for federal income tax purposes. Under existing federal income tax law, no income taxes are payable with respect to any investment income of the Account to the extent the earnings are credited under the contracts. Based on this, no charge is being made currently to the Account for federal income taxes. RiverSource Life of NY will review periodically the status of this policy. In the event of changes in the tax law, a charge may be made in future years for any federal income taxes that would be attributable to the contracts.

Subsequent Events

Management has evaluated Account related events and transactions that occurred through the date the financial statements were issued. Management noted there were no items requiring adjustments or additional disclosures in the Account’s financial statements.

Use of Estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates.

3. VARIABLE ACCOUNT EXPENSES

RiverSource Life of NY deducts a daily mortality and expense risk fee equal, on an annual basis, to the following percent of the average daily net assets of each subaccount.


Product		Mortality and expense risk fee
RAVA Advantage Plus		0.55% to 0.95% (depending on the contract selected)
RAVA Select Plus		0.75% to 1.20% (depending on the contract selected)
RAVA 4 Advantage		0.85% to 1.05% (depending on the contract selected)
RAVA 4 Select		1.10% to 1.30% (depending on the contract selected)
RAVA 4 Access		1.25% to 1.45% (depending on the contract selected)
RAVA 5 Advantage (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)		0.95% to 1.40% (depending on the contract selected)



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			121


Product		Mortality and expense risk fee
RAVA 5 Select (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)		1.30% to 1.65% (depending on the contract selected)
RAVA 5 Access (Offered for contract applications signed on or after April 30, 2012 but prior to April 29, 2013)		1.45% to 1.80% (depending on the contract selected)
RAVA 5 Advantage (Offered for contract applications signed prior to April 30, 2012)		0.85% to 1.30% (depending on the contract selected)
RAVA 5 Select (Offered for contract applications signed prior to April 30, 2012)		1.20% to 1.55% (depending on the contract selected)
RAVA 5 Access (Offered for contract applications signed prior to April 30, 2012)		1.35% to 1.70% (depending on the contract selected)
RAVA 5 Advantage (Offered for contract applications signed on or after April 29, 2013)		0.95% to 1.45% (depending on the contract selected)
RAVA 5 Select (Offered for contract applications signed on or after April 29, 2013)		0.95% to 1.70% (depending on the contract selected)
RAVA 5 Access (Offered for contract applications signed on or after April 29, 2013)		0.95% to 1.85% (depending on the contract selected)
RAVA 5 Advantage (Offered for contract applications signed on or after April 29, 2019)		0.95% to 1.45% (depending on the contract selected)
RAVA 5 Choice		0.95% to 1.55% (depending on the contract selected)
RAVA 5 Access (Offered for contract applications signed on or after June 22, 2020)		0.95% to 1.30% (depending on the contract selected)
RAVA Apex		0.65% to 1.50% (depending on the contract selected)
RAVA Vista		0.90% to 1.55% (depending on the contract selected)
FPA		1.25%
RAVA		0.75% to 0.95% (depending on the contract selected)
RAVA Advantage		0.75% to 0.95% (depending on the contract selected)
RAVA Select		1.00% to 1.20% (depending on the contract selected)

4. CONTRACT CHARGES

RiverSource Life of NY deducts a contract administrative charge of $50 per year on the contract anniversary. This charge reimburses RiverSource Life of NY for expenses incurred in establishing and maintaining the annuity records. Certain products may waive this charge based upon the underlying contract value.

Optional riders are available on certain products and if selected, the related fees are deducted annually from the contract value on the contract anniversary.

5. SURRENDER CHARGES

RiverSource Life of NY may assess a surrender charge to help it recover certain expenses related to the sale of the annuity. Such charges are not treated as a separate expense of the divisions as they are ultimately deducted from contract surrender benefits paid by RiverSource Life of NY. Charges by RiverSource Life of NY for surrenders are not identified on an individual division basis.

6. RELATED PARTY TRANSACTIONS

RiverSource Life of NY is a wholly-owned subsidiary of RiverSource Life Insurance Company, which is a wholly-owned subsidiary of Ameriprise Financial, Inc. (Ameriprise Financial).

The following table reflects fees paid by certain affiliated funds to Ameriprise Financial and its affiliates.


Fee Agreement:		Fees Paid To:
Management Agreement		Columbia Management Investment Advisers, LLC
Shareholder Services Agreement		Columbia Management Investment Services Corp.
Plan and Agreement of Distribution		Columbia Management Investment Distributors, Inc.
Investment Advisory Agreement		Columbia Wanger Asset Management, LLC
Administrative Services Agreement		Columbia Wanger Asset Management, LLC



122		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT

7. INVESTMENT TRANSACTIONS

The divisions’ purchases of Funds’ shares, including reinvestment of dividend distributions, for the year ended December 31, 2023 were as follows:


Division	Purchases
AB VPS Dyn Asset Alloc, Cl B	$	16,283
AB VPS Intl Val, Cl B		118,864
AB VPS Lg Cap Gro, Cl B		2,752,382
AB VPS Relative Val, Cl B		616,571
AB VPS Sus Gbl Thematic, Cl B		33,503
Allspg VT Index Asset Alloc, Cl 2		266,896
Allspg VT Intl Eq, Cl 2		22,471
Allspg VT Opp, Cl 2		246,946
Allspg VT Sm Cap Gro, Cl 2		258,337
ALPS Alerian Engy Infr, Class III		215,210
AC VP Intl, Cl I		3,062
AC VP Intl, Cl II		104,895
AC VP Mid Cap Val, Cl II		753,313
AC VP Ultra, Cl II		431,069
AC VP Val, Cl I		70,656
AC VP Val, Cl II		2,461,615
BlackRock Adv SMID Cap VI, Cl III		134,870
BlackRock Global Alloc, Cl III		897,963
BNY Mellon Sus US Eq, Serv		58,762
Calvert VP EAFE Intl Index, Cl F		121,020
Calvert VP Nasdaq 100 Index, Cl F		1,181,988
Calv VP Russ 2000 Sm Cap Ind, Cl F		211,162
Calvert VP SRI Bal, Cl F		206,033
Calvert VP SRI Bal, Cl I		760,464
CB Var Sm Cap Gro, Cl I		27,856
Col VP Bal, Cl 2		3,062,480
Col VP Bal, Cl 3		4,674,900
Col VP Commodity Strategy, Cl 2		282,198
Col VP Contrarian Core, Cl 2		760,607
Col VP Disciplined Core, Cl 2		736,534
Col VP Disciplined Core, Cl 3		197,691
Col VP Divd Opp, Cl 2		1,033,459
Col VP Divd Opp, Cl 3		419,757
Col VP Emerg Mkts Bond, Cl 2		105,554
Col VP Emer Mkts, Cl 2		254,938
Col VP Emer Mkts, Cl 3		226,465
Col VP Global Strategic Inc, Cl 2		128,575
Col VP Global Strategic Inc, Cl 3		131,771
Col VP Govt Money Mkt, Cl 2		7,511,441
Col VP Govt Money Mkt, Cl 3		1,535,371
Col VP Hi Yield Bond, Cl 2		1,316,694
Col VP Hi Yield Bond, Cl 3		376,628
Col VP Inc Opp, Cl 2		666,889
Col VP Inc Opp, Cl 3		363,064
Col VP Inter Bond, Cl 2		1,438,352
Col VP Inter Bond, Cl 3		617,898
Col VP Lg Cap Gro, Cl 2		1,215,100
Col VP Lg Cap Gro, Cl 3		144,140
Col VP Lg Cap Index, Cl 2		7,733,450
Col VP Lg Cap Index, Cl 3		8,999,405
Col VP Limited Duration Cr, Cl 2		559,113
Col VP Long Govt/Cr Bond, Cl 2		246,691
Col VP Overseas Core, Cl 2		276,328
Col VP Overseas Core, Cl 3		171,258
Col VP Select Lg Cap Eq, Cl 2		238,887


Division	Purchases
Col VP Select Lg Cap Val, Cl 2	$	902,861
Col VP Select Lg Cap Val, Cl 3		45,461
Col VP Select Mid Cap Gro, Cl 2		590,967
Col VP Select Mid Cap Gro, Cl 3		82,127
Col VP Select Mid Cap Val, Cl 2		885,394
Col VP Select Mid Cap Val, Cl 3		52,774
Col VP Select Sm Cap Val, Cl 2		400,837
Col VP Select Sm Cap Val, Cl 3		29,724
Col VP Sel Gbl Tech, Cl 2		348,773
Col VP Sm Cap Val, Cl 2		16,636
Col VP Strategic Inc, Cl 2		1,350,855
Col VP US Govt Mtge, Cl 2		184,813
Col VP US Govt Mtge, Cl 3		112,174
CS Commodity Return, Cl 1		145,533
CTIVP AC Div Bond, Cl 2		247,151
CTIVP BR Gl Infl Prot Sec, Cl 2		215,548
CTIVP BR Gl Infl Prot Sec, Cl 3		376,305
CTIVP CenterSquare Real Est, Cl 2		178,322
CTIVP MFS Val, Cl 2		884,590
CTIVP MS Adv, Cl 2		84,275
CTIVP Prin Blue Chip Gro, Cl 1		38,124
CTIVP Prin Blue Chip Gro, Cl 2		622,208
CTIVP T Rowe Price LgCap Val, Cl 2		416,965
CTIVP TCW Core Plus Bond, Cl 2		390,245
CTIVP Vty Sycamore Estb Val, Cl 2		1,145,924
CTIVP Vty Sycamore Estb Val, Cl 3		38,032
CTIVP Westfield Mid Cap Gro, Cl 2		108,070
Del Ivy VIP Asset Strategy, Cl II		24,109
Del VIP for Inc, Serv Cl		50,063
Del VIP Intl, Serv Cl		64,317
DWS Alt Asset Alloc VIP, Cl B		135,162
EV VT Floating-Rate Inc, Init Cl		1,519,194
Fid VIP Contrafund, Serv Cl 2		5,371,071
Fid VIP Emer Mkts, Serv Cl 2		25,089
Fid VIP Energy, Serv Cl 2		342,787
Fid VIP Gro & Inc, Serv Cl		181,399
Fid VIP Gro & Inc, Serv Cl 2		1,246,408
Fid VIP Gro Opp, Serv Cl 2		562,112
Fid VIP Intl Cap Appr, Serv Cl 2		143,683
Fid VIP Invest Gr, Serv Cl 2		1,193,739
Fid VIP Mid Cap, Serv Cl		150,227
Fid VIP Mid Cap, Serv Cl 2		2,869,523
Fid VIP Overseas, Serv Cl		5,746
Fid VIP Overseas, Serv Cl 2		153,423
Fid VIP Strategic Inc, Serv Cl 2		2,029,001
Frank Global Real Est, Cl 2		136,978
Frank Inc, Cl 2		1,051,120
Frank Inc, Cl 4		417,224
Frank Mutual Gbl Dis, Cl 4		18,533
Frank Mutual Shares, Cl 2		1,111,070
Frank Sm Cap Val, Cl 2		832,401
Frank Sm Cap Val, Cl 4		357,589
GS VIT Mid Cap Val, Inst		305,375
GS VIT Multi-Strategy Alt, Advisor		54,378



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			123


Division	Purchases
GS VIT Multi-Strategy Alt, Serv	$	84,683
GS VIT Sm Cap Eq Insights, Inst		3,491
GS VIT Sm Cap Eq Insights, Serv		74,985
GS VIT U.S. Eq Insights, Inst		112,541
Invesco VI Am Fran, Ser I		9,065
Invesco VI Am Fran, Ser II		117,958
Invesco VI Bal Risk Alloc, Ser II		189,211
Invesco VI Comstock, Ser II		600,843
Invesco VI Core Eq, Ser I		184,860
Invesco VI Core Plus Bond, Ser II		296,249
Invesco VI Dis Mid Cap Gro, Ser I		7,866
Invesco VI Dis Mid Cap Gro, Ser II		15,860
Invesco VI Div Divd, Ser I		82,654
Invesco VI Div Divd, Ser II		36,773
Invesco VI EQV Intl Eq, Ser II		101,127
Invesco VI Global, Ser II		1,246,293
Invesco VI Gbl Strat Inc, Ser II		151,631
Invesco VI Hlth, Ser II		59,240
Invesco VI Main St, Ser II		13,694
Invesco VI Mn St Sm Cap, Ser II		740,830
Invesco VI Tech, Ser I		53,819
Invesco VI Tech, Ser II		396,048
Janus Henderson VIT Bal, Serv		3,272,913
Janus Henderson VIT Enter, Serv		39,164
Janus Henderson VIT Flex Bd, Serv		845,049
Janus Henderson VIT Forty, Serv		121,107
Janus Hend VIT Gbl Tech Innov, Srv		229,986
Janus Henderson VIT Overseas, Serv		244,985
Janus Henderson VIT Res, Serv		264,579
Lazard Ret Emer Mkts Eq, Serv		12,060
Lazard Ret Global Dyn MA, Serv		58,361
Lord Abt Bond Debenture, Cl VC		495,131
Lord Abt Short Dur Inc, Cl VC		205,132
LVIP JPM US Eq, Serv Cl		159,299
MFS Gbl Real Est, Serv Cl		83,891
MFS Intl Gro, Serv Cl		76,051
MFS Mass Inv Gro Stock, Serv Cl		231,677
MFS New Dis, Serv Cl		163,589
MFS Research Intl, Serv Cl		26,297
MFS Utilities, Serv Cl		1,625,149
MS VIF Dis, Cl II		703,651
MS VIF Global Real Est, Cl II		37,123
NB AMT Intl Eq, Cl S		26,183
NB AMT Sus Eq, Cl S		155,407
NB AMT US Eq Index PW Strat, Cl S		54,981


Division	Purchases
PIMCO VIT All Asset, Advisor Cl	$	480,990
PIMCO VIT Glb Man As Alloc, Adv Cl		12,209
PIMCO VIT Tot Return, Advisor Cl		1,390,207
Put VT Global Hlth Care, Cl IB		292,136
Put VT Intl Eq, Cl IB		15,689
Put VT Intl Val, Cl IB		15,043
Put VT Lg Cap Val, Cl IB		478,932
Put VT Sus Fut, Cl IB		1,933
Put VT Sus Leaders, Cl IA		292,776
Put VT Sus Leaders, Cl IB		47,260
Royce Micro-Cap, Invest Cl		2,250
Temp Global Bond, Cl 2		92,153
Third Ave VST Third Ave Value		47,540
VanEck VIP Global Gold, Cl S		235,882
VP Aggr, Cl 2		5,236,702
VP Aggr, Cl 4		602,011
VP Conserv, Cl 2		1,863,635
VP Conserv, Cl 4		338,545
VP Man Risk, Cl 2		476,114
VP Man Risk US, Cl 2		785,941
VP Man Vol Conserv, Cl 2		2,784,173
VP Man Vol Conserv Gro, Cl 2		5,027,621
VP Man Vol Gro, Cl 2		13,853,331
VP Man Vol Mod Gro, Cl 2		19,011,966
VP Mod, Cl 2		18,121,338
VP Mod, Cl 4		4,979,678
VP Mod Aggr, Cl 2		11,953,271
VP Mod Aggr, Cl 4		1,585,566
VP Mod Conserv, Cl 2		2,523,020
VP Mod Conserv, Cl 4		222,693
VP Ptnrs Core Bond, Cl 2		267,271
VP Ptnrs Core Eq, Cl 2		616,596
VP Ptnrs Core Eq, Cl 3		25,800
VP Ptnrs Intl Core Eq, Cl 2		335,481
VP Ptnrs Intl Gro, Cl 2		164,775
VP Ptnrs Intl Val, Cl 2		149,110
VP Ptnrs Sm Cap Gro, Cl 2		336,217
VP Ptnrs Sm Cap Val, Cl 2		179,762
VP Ptnrs Sm Cap Val, Cl 3		112,010
VP US Flex Conserv Gro, Cl 2		1,303,680
VP US Flex Gro, Cl 2		9,637,903
VP US Flex Mod Gro, Cl 2		10,168,204
Wanger Acorn		265,620
Wanger Intl		263,949
WA Var Global Hi Yd Bond, Cl II		64,862

8. FINANCIAL HIGHLIGHTS

The table below shows certain financial information regarding the divisions.


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
AB VPS Dyn Asset Alloc, Cl B
2023		549		$1.39	to	$1.21		$714		0.44	%		0.55	%	to	1.85	%		12.86	%	to	11.40	%
2022		984		$1.23	to	$1.09		$1,151		2.32	%		0.55	%	to	1.85	%		(19.12	%)	to	(20.16	%)
2021		600		$1.52	to	$1.36		$866		1.41	%		0.55	%	to	1.85	%		8.68	%	to	7.27	%
2020		702		$1.40	to	$1.27		$939		1.49	%		0.55	%	to	1.85	%		4.29	%	to	2.93	%
2019		746		$1.34	to	$1.23		$964		1.90	%		0.55	%	to	1.85	%		14.61	%	to	13.13	%



124		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
AB VPS Intl Val, Cl B
2023		2,181		$1.40	to	$0.90		$3,634		0.68	%		0.55	%	to	1.45	%		14.20	%	to	13.19	%
2022		2,385		$1.23	to	$0.79		$3,528		4.15	%		0.55	%	to	1.45	%		(14.27	%)	to	(15.04	%)
2021		2,577		$1.43	to	$0.93		$4,427		1.66	%		0.55	%	to	1.45	%		10.25	%	to	9.26	%
2020		2,729		$1.30	to	$0.85		$4,384		1.52	%		0.55	%	to	1.45	%		1.65	%	to	0.74	%
2019		2,982		$1.28	to	$0.85		$4,712		0.80	%		0.55	%	to	1.45	%		16.15	%	to	15.11	%
AB VPS Lg Cap Gro, Cl B
2023		1,824		$1.22	to	$3.99		$10,229		—			0.65	%	to	1.85	%		33.92	%	to	32.33	%
2022		1,675		$0.91	to	$3.02		$6,953		—			0.65	%	to	1.85	%		(9.89	%)⁽⁷⁾	to	(29.99	%)
2021		1,316		$6.48	to	$4.31		$8,593		—			0.85	%	to	1.85	%		27.56	%	to	26.30	%
2020		1,108		$5.08	to	$3.41		$5,685		—			0.85	%	to	1.85	%		34.00	%	to	32.67	%
2019		949		$3.79	to	$2.57		$3,622		—			0.85	%	to	1.85	%		33.23	%	to	31.90	%
AB VPS Relative Val, Cl B
2023		1,282		$3.83	to	$1.10		$4,744		1.29	%		0.55	%	to	1.55	%		11.11	%	to	10.01	%
2022		1,407		$3.45	to	$1.00		$4,689		1.10	%		0.55	%	to	1.55	%		(4.94	%)	to	(0.06	%)⁽⁷⁾
2021		1,488		$3.62	to	$2.96		$5,256		0.64	%		0.55	%	to	1.45	%		27.14	%	to	26.00	%
2020		1,648		$2.85	to	$2.35		$4,593		1.34	%		0.55	%	to	1.45	%		1.91	%	to	1.00	%
2019		1,715		$2.80	to	$2.32		$4,720		1.03	%		0.55	%	to	1.45	%		22.93	%	to	21.83	%
AB VPS Sus Gbl Thematic, Cl B
2023		149		$3.09	to	$1.07		$448		0.03	%		0.55	%	to	1.55	%		15.07	%	to	13.93	%
2022		168		$2.69	to	$0.94		$442		—			0.55	%	to	1.55	%		(27.57	%)	to	(6.14	%)⁽⁷⁾
2021		186		$3.71	to	$3.50		$681		—			0.55	%	to	1.45	%		21.90	%	to	20.81	%
2020		212		$3.05	to	$2.90		$641		0.45	%		0.55	%	to	1.45	%		38.31	%	to	37.08	%
2019		269		$2.20	to	$2.11		$594		0.17	%		0.55	%	to	1.45	%		29.07	%	to	27.91	%
Allspg VT Index Asset Alloc, Cl 2
2023		670		$3.57	to	$3.70		$2,386		0.96	%		0.75	%	to	1.20	%		15.83	%	to	15.31	%
2022		642		$3.08	to	$3.21		$1,978		0.63	%		0.75	%	to	1.20	%		(17.64	%)	to	(18.01	%)
2021		692		$3.74	to	$3.91		$2,588		0.58	%		0.75	%	to	1.20	%		15.13	%	to	14.61	%
2020		741		$3.25	to	$3.41		$2,407		0.83	%		0.75	%	to	1.20	%		15.72	%	to	15.20	%
2019		802		$2.81	to	$2.96		$2,251		1.10	%		0.75	%	to	1.20	%		19.26	%	to	18.72	%
Allspg VT Intl Eq, Cl 2
2023		526		$1.94	to	$1.31		$894		1.45	%		0.55	%	to	1.45	%		14.93	%	to	13.90	%
2022		627		$1.69	to	$1.15		$925		3.68	%		0.55	%	to	1.45	%		(12.37	%)	to	(13.15	%)
2021		676		$1.93	to	$1.32		$1,142		1.05	%		0.55	%	to	1.45	%		6.29	%	to	5.33	%
2020		826		$1.81	to	$1.25		$1,319		2.51	%		0.55	%	to	1.45	%		4.36	%	to	3.42	%
2019		1,060		$1.74	to	$1.21		$1,592		3.66	%		0.55	%	to	1.45	%		14.86	%	to	13.82	%
Allspg VT Opp, Cl 2
2023		502		$5.03	to	$2.58		$2,553		—			0.55	%	to	1.85	%		25.81	%	to	24.19	%
2022		533		$4.00	to	$2.08		$2,164		—			0.55	%	to	1.85	%		(21.24	%)	to	(22.25	%)
2021		635		$5.07	to	$2.68		$3,255		0.04	%		0.55	%	to	1.85	%		24.09	%	to	22.49	%
2020		671		$4.09	to	$2.18		$2,786		0.44	%		0.55	%	to	1.85	%		20.34	%	to	18.79	%
2019		758		$3.40	to	$1.84		$2,642		0.28	%		0.55	%	to	1.85	%		30.75	%	to	29.05	%
Allspg VT Sm Cap Gro, Cl 2
2023		1,054		$4.42	to	$2.12		$4,170		—			0.55	%	to	1.85	%		3.54	%	to	2.20	%
2022		1,113		$4.26	to	$2.07		$4,256		—			0.55	%	to	1.85	%		(34.78	%)	to	(35.62	%)
2021		1,096		$6.54	to	$3.22		$6,481		—			0.55	%	to	1.85	%		7.05	%	to	5.66	%
2020		1,085		$6.11	to	$3.05		$5,981		—			0.55	%	to	1.85	%		56.92	%	to	54.89	%
2019		1,187		$3.89	to	$1.97		$4,181		—			0.55	%	to	1.85	%		24.15	%	to	22.54	%
ALPS Alerian Engy Infr, Class III
2023		1,617		$1.32	to	$1.15		$2,022		3.07	%		0.55	%	to	1.85	%		13.28	%	to	11.82	%
2022		1,767		$1.16	to	$1.03		$1,963		4.41	%		0.55	%	to	1.85	%		16.68	%	to	15.18	%
2021		1,865		$1.00	to	$0.89		$1,786		1.95	%		0.55	%	to	1.85	%		37.02	%	to	35.25	%
2020		1,816		$0.73	to	$0.66		$1,277		2.91	%		0.55	%	to	1.85	%		(25.54	%)	to	(26.50	%)
2019		1,865		$0.98	to	$0.90		$1,769		1.55	%		0.55	%	to	1.85	%		19.75	%	to	18.21	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			125


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
AC VP Intl, Cl I
2023		95		$1.74	to	$1.66		$161		1.39	%		0.75	%	to	0.95	%		11.73	%	to	11.51	%
2022		122		$1.56	to	$1.49		$185		1.51	%		0.75	%	to	0.95	%		(25.32	%)	to	(25.47	%)
2021		141		$2.09	to	$2.00		$289		0.16	%		0.75	%	to	0.95	%		7.94	%	to	7.72	%
2020		155		$1.94	to	$1.86		$295		0.49	%		0.75	%	to	0.95	%		24.94	%	to	24.69	%
2019		190		$1.55	to	$1.49		$287		0.85	%		0.75	%	to	0.95	%		27.46	%	to	27.21	%
AC VP Intl, Cl II
2023		326		$2.52	to	$1.03		$739		1.24	%		0.55	%	to	1.55	%		11.81	%	to	10.71	%
2022		318		$2.26	to	$0.93		$674		1.33	%		0.55	%	to	1.55	%		(25.27	%)	to	(6.43	%)⁽⁷⁾
2021		417		$3.02	to	$3.46		$1,199		0.01	%		0.55	%	to	1.20	%		8.01	%	to	7.31	%
2020		432		$2.80	to	$3.22		$1,155		0.38	%		0.55	%	to	1.20	%		24.97	%	to	24.15	%
2019		466		$2.24	to	$2.59		$1,001		0.71	%		0.55	%	to	1.20	%		27.44	%	to	26.61	%
AC VP Mid Cap Val, Cl II
2023		739		$3.30	to	$1.04		$2,522		2.21	%		0.55	%	to	1.55	%		5.45	%	to	4.40	%
2022		644		$3.13	to	$0.99		$2,096		2.12	%		0.55	%	to	1.55	%		(1.93	%)	to	(0.64	%)⁽⁷⁾
2021		625		$3.19	to	$3.48		$2,145		0.98	%		0.55	%	to	1.45	%		22.34	%	to	21.25	%
2020		752		$2.61	to	$2.87		$2,141		1.66	%		0.55	%	to	1.45	%		0.56	%	to	(0.35	%)
2019		868		$2.60	to	$2.88		$2,469		1.90	%		0.55	%	to	1.45	%		28.28	%	to	27.14	%
AC VP Ultra, Cl II
2023		477		$6.05	to	$5.68		$2,825		—			0.55	%	to	1.45	%		42.49	%	to	41.21	%
2022		494		$4.24	to	$4.02		$2,061		—			0.55	%	to	1.45	%		(32.83	%)	to	(33.43	%)
2021		603		$6.32	to	$6.04		$3,779		—			0.55	%	to	1.45	%		22.32	%	to	21.22	%
2020		613		$5.16	to	$4.98		$3,152		—			0.55	%	to	1.45	%		48.73	%	to	47.40	%
2019		704		$3.47	to	$3.38		$2,449		—			0.55	%	to	1.45	%		33.72	%	to	32.53	%
AC VP Val, Cl I
2023		91		$5.61	to	$5.35		$496		2.41	%		0.75	%	to	0.95	%		8.28	%	to	8.07	%
2022		115		$5.18	to	$4.95		$586		2.08	%		0.75	%	to	0.95	%		(0.21	%)	to	(0.41	%)
2021		131		$5.19	to	$4.97		$669		1.71	%		0.75	%	to	0.95	%		23.58	%	to	23.33	%
2020		151		$4.20	to	$4.03		$626		2.32	%		0.75	%	to	0.95	%		0.22	%	to	0.02	%
2019		159		$4.19	to	$4.03		$655		2.11	%		0.75	%	to	0.95	%		26.08	%	to	25.83	%
AC VP Val, Cl II
2023		3,554		$3.69	to	$2.12		$13,592		2.25	%		0.55	%	to	1.85	%		8.42	%	to	7.04	%
2022		3,580		$3.41	to	$1.98		$12,774		1.95	%		0.55	%	to	1.85	%		(0.24	%)	to	(1.51	%)
2021		3,265		$3.41	to	$2.01		$11,642		1.60	%		0.55	%	to	1.85	%		23.60	%	to	22.01	%
2020		3,381		$2.76	to	$1.65		$9,796		2.14	%		0.55	%	to	1.85	%		0.28	%	to	(1.02	%)
2019		3,997		$2.76	to	$1.67		$11,601		1.97	%		0.55	%	to	1.85	%		26.23	%	to	24.60	%
BlackRock Adv SMID Cap VI, Cl III
2023		258		$1.14	to	$1.12		$293		2.73	%		0.65	%	to	1.55	%		17.86	%	to	16.82	%
2022		135		$0.97	to	$0.96		$131		5.12	%		0.65	%	to	1.55	%		(4.28	%)⁽⁷⁾	to	(4.84	%)⁽⁷⁾
BlackRock Global Alloc, Cl III
2023		3,690		$1.75	to	$1.40		$6,171		2.59	%		0.55	%	to	1.85	%		11.88	%	to	10.44	%
2022		3,685		$1.56	to	$1.26		$5,542		—			0.55	%	to	1.85	%		(16.53	%)	to	(17.61	%)
2021		3,669		$1.87	to	$1.53		$6,656		0.92	%		0.55	%	to	1.85	%		5.83	%	to	4.47	%
2020		2,193		$1.77	to	$1.47		$3,711		1.39	%		0.55	%	to	1.85	%		20.05	%	to	18.49	%
2019		2,234		$1.47	to	$1.24		$3,164		1.19	%		0.55	%	to	1.85	%		17.11	%	to	15.60	%
BNY Mellon Sus US Eq, Serv
2023		55		$1.13	to	$1.12		$64		0.06	%		0.65	%	to	1.55	%		22.71	%	to	21.61	%
2022		—		$0.92	to	$0.92		$3		—			0.65	%	to	1.55	%		(7.93	%)⁽⁷⁾	to	(8.48	%)⁽⁷⁾
Calvert VP EAFE Intl Index, Cl F
2023		307		$1.14	to	$1.12		$352		3.51	%		0.65	%	to	1.55	%		16.77	%	to	15.73	%
2022		212		$0.98	to	$0.97		$211		6.47	%		0.65	%	to	1.55	%		(2.06	%)⁽⁷⁾	to	(2.64	%)⁽⁷⁾
Calvert VP Nasdaq 100 Index, Cl F
2023		1,632		$1.30	to	$1.28		$2,114		0.42	%		0.65	%	to	1.55	%		53.02	%	to	51.66	%
2022		624		$0.85	to	$0.84		$533		0.37	%		0.65	%	to	1.55	%		(16.49	%)⁽⁷⁾	to	(16.98	%)⁽⁷⁾



126		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾

Calv VP Russ 2000 Sm Cap Ind, Cl F
2023		462		$1.10	to	$1.08		$507		1.06	%		0.65	%	to	1.55	%		15.61	%	to	14.57	%
2022		263		$0.95	to	$0.94		$252		1.64	%		0.65	%	to	1.55	%		(6.07	%)⁽⁷⁾	to	(6.63	%)⁽⁷⁾
Calvert VP SRI Bal, Cl F
2023		288		$1.10	to	$1.08		$315		2.12	%		0.65	%	to	1.55	%		15.67	%	to	14.64	%
2022		91		$0.95	to	$0.94		$87		2.18	%		0.65	%	to	1.55	%		(5.21	%)⁽⁷⁾	to	(5.79	%)⁽⁷⁾
Calvert VP SRI Bal, Cl I
2023		742		$2.93	to	$3.06		$1,949		1.68	%		0.55	%	to	1.20	%		16.18	%	to	15.43	%
2022		461		$2.52	to	$2.65		$1,052		1.15	%		0.55	%	to	1.20	%		(15.88	%)	to	(16.42	%)
2021		218		$3.00	to	$3.17		$590		1.17	%		0.55	%	to	1.20	%		14.48	%	to	13.74	%
2020		318		$2.62	to	$2.79		$753		1.46	%		0.55	%	to	1.20	%		14.63	%	to	13.88	%
2019		339		$2.28	to	$2.45		$703		1.53	%		0.55	%	to	1.20	%		23.72	%	to	22.92	%
CB Var Sm Cap Gro, Cl I
2023		133		$3.77	to	$3.24		$472		—			0.55	%	to	1.45	%		7.81	%	to	6.85	%
2022		132		$3.49	to	$3.03		$437		—			0.55	%	to	1.45	%		(29.24	%)	to	(29.87	%)
2021		142		$4.94	to	$4.33		$666		—			0.55	%	to	1.45	%		11.99	%	to	10.99	%
2020		178		$4.41	to	$3.90		$747		—			0.55	%	to	1.45	%		42.48	%	to	41.20	%
2019		194		$3.09	to	$2.76		$573		—			0.55	%	to	1.45	%		26.18	%	to	25.05	%
Col VP Bal, Cl 2
2023		12,308		$1.11	to	$1.03		$12,876		—			0.65	%	to	1.55	%		20.32	%	to	19.24	%
2022		9,421		$0.93	to	$0.86		$8,221		—			0.65	%	to	1.55	%		(7.47	%)⁽⁷⁾	to	(18.14	%)
2021		2,845		$1.06	to	$1.06		$3,011		—			0.95	%	to	1.55	%		5.79	%⁽⁶⁾	to	5.37	%⁽⁶⁾
Col VP Bal, Cl 3
2023		16,442		$3.33	to	$1.98		$49,685		—			0.55	%	to	1.85	%		20.57	%	to	19.02	%
2022		16,873		$2.77	to	$1.66		$42,719		—			0.55	%	to	1.85	%		(17.20	%)	to	(18.27	%)
2021		16,796		$3.34	to	$2.03		$51,780		—			0.55	%	to	1.85	%		14.11	%	to	12.63	%
2020		15,996		$2.93	to	$1.80		$43,557		—			0.55	%	to	1.85	%		16.94	%	to	15.43	%
2019		15,197		$2.50	to	$1.56		$35,756		—			0.55	%	to	1.85	%		22.11	%	to	20.53	%
Col VP Commodity Strategy, Cl 2
2023		870		$0.80	to	$0.69		$658		22.37	%		0.55	%	to	1.85	%		(7.65	%)	to	(8.84	%)
2022		782		$0.86	to	$0.76		$642		24.85	%		0.55	%	to	1.85	%		18.05	%	to	16.53	%
2021		1,073		$0.73	to	$0.65		$754		—			0.55	%	to	1.85	%		31.29	%	to	29.59	%
2020		892		$0.56	to	$0.50		$479		19.81	%		0.55	%	to	1.85	%		(2.09	%)	to	(3.36	%)
2019		793		$0.57	to	$0.52		$438		0.93	%		0.55	%	to	1.85	%		7.19	%	to	5.81	%
Col VP Contrarian Core, Cl 2
2023		1,860		$3.43	to	$2.98		$6,034		—			0.55	%	to	1.85	%		31.17	%	to	29.48	%
2022		1,734		$2.62	to	$2.31		$4,305		—			0.55	%	to	1.85	%		(19.30	%)	to	(20.34	%)
2021		1,796		$3.24	to	$2.89		$5,557		—			0.55	%	to	1.85	%		23.28	%	to	21.69	%
2020		1,656		$2.63	to	$2.38		$4,180		—			0.55	%	to	1.85	%		21.33	%	to	19.77	%
2019		1,836		$2.17	to	$1.99		$3,843		—			0.55	%	to	1.85	%		32.08	%	to	30.38	%
Col VP Disciplined Core, Cl 2
2023		678		$1.13	to	$2.78		$3,182		—			0.65	%	to	1.85	%		23.28	%	to	21.81	%
2022		556		$0.92	to	$2.28		$2,123		—			0.65	%	to	1.85	%		(8.58	%)⁽⁷⁾	to	(20.42	%)
2021		480		$4.90	to	$2.87		$2,288		—			0.85	%	to	1.85	%		31.31	%	to	30.01	%
2020		410		$3.73	to	$2.20		$1,490		—			0.85	%	to	1.85	%		12.87	%	to	11.74	%
2019		381		$3.31	to	$1.97		$1,233		—			0.85	%	to	1.85	%		23.41	%	to	22.19	%
Col VP Disciplined Core, Cl 3
2023		4,412		$4.49	to	$3.57		$17,906		—			0.55	%	to	1.45	%		23.55	%	to	22.45	%
2022		4,860		$3.63	to	$2.91		$16,098		—			0.55	%	to	1.45	%		(19.27	%)	to	(20.00	%)
2021		5,345		$4.50	to	$3.64		$21,946		—			0.55	%	to	1.45	%		31.84	%	to	30.66	%
2020		5,965		$3.41	to	$2.79		$18,580		—			0.55	%	to	1.45	%		13.36	%	to	12.34	%
2019		6,767		$3.01	to	$2.48		$18,796		—			0.55	%	to	1.45	%		23.95	%	to	22.84	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			127


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Divd Opp, Cl 2
2023		1,943		$1.05	to	$1.94		$5,830		—			0.65	%	to	1.85	%		4.16	%	to	2.92	%
2022		1,771		$1.01	to	$1.89		$5,129		—			0.65	%	to	1.85	%		0.26	%⁽⁷⁾	to	(3.19	%)
2021		1,208		$3.07	to	$1.95		$3,600		—			0.85	%	to	1.85	%		24.83	%	to	23.59	%
2020		981		$2.46	to	$1.58		$2,351		—			0.85	%	to	1.85	%		0.05	%	to	(0.95	%)
2019		959		$2.46	to	$1.59		$2,304		—			0.85	%	to	1.85	%		22.71	%	to	21.49	%
Col VP Divd Opp, Cl 3
2023		5,006		$3.60	to	$2.49		$19,916		—			0.55	%	to	1.45	%		4.38	%	to	3.45	%
2022		5,400		$3.45	to	$2.41		$20,629		—			0.55	%	to	1.45	%		(1.78	%)	to	(2.65	%)
2021		5,968		$3.51	to	$2.47		$23,277		—			0.55	%	to	1.45	%		25.33	%	to	24.20	%
2020		6,509		$2.80	to	$1.99		$20,365		—			0.55	%	to	1.45	%		0.47	%	to	(0.43	%)
2019		7,526		$2.79	to	$2.00		$23,561		—			0.55	%	to	1.45	%		23.24	%	to	22.14	%
Col VP Emerg Mkts Bond, Cl 2
2023		1,068		$1.07	to	$0.93		$1,084		5.23	%		0.55	%	to	1.85	%		9.41	%	to	8.00	%
2022		1,154		$0.98	to	$0.86		$1,076		4.05	%		0.55	%	to	1.85	%		(16.61	%)	to	(17.69	%)
2021		1,313		$1.17	to	$1.04		$1,478		3.72	%		0.55	%	to	1.85	%		(2.98	%)	to	(4.25	%)
2020		1,171		$1.21	to	$1.09		$1,366		3.52	%		0.55	%	to	1.85	%		6.58	%	to	5.18	%
2019		839		$1.13	to	$1.04		$923		4.89	%		0.55	%	to	1.85	%		11.48	%	to	10.03	%
Col VP Emer Mkts, Cl 2
2023		2,046		$0.96	to	$1.02		$2,566		—			0.65	%	to	1.85	%		8.49	%	to	7.20	%
2022		2,060		$0.88	to	$0.95		$2,390		—			0.65	%	to	1.85	%		(11.55	%)⁽⁷⁾	to	(34.30	%)
2021		1,783		$1.79	to	$1.44		$3,116		0.84	%		0.85	%	to	1.85	%		(8.26	%)	to	(9.17	%)
2020		1,485		$1.95	to	$1.59		$2,832		0.42	%		0.85	%	to	1.85	%		32.04	%	to	30.74	%
2019		1,527		$1.48	to	$1.22		$2,206		0.14	%		0.85	%	to	1.85	%		30.16	%	to	28.88	%
Col VP Emer Mkts, Cl 3
2023		1,652		$2.79	to	$1.61		$4,053		—			0.55	%	to	1.45	%		8.71	%	to	7.74	%
2022		1,752		$2.57	to	$1.50		$3,977		—			0.55	%	to	1.45	%		(33.34	%)	to	(33.94	%)
2021		2,138		$3.85	to	$2.26		$7,130		0.99	%		0.55	%	to	1.45	%		(7.84	%)	to	(8.67	%)
2020		2,265		$4.18	to	$2.48		$8,366		0.55	%		0.55	%	to	1.45	%		32.63	%	to	31.44	%
2019		2,995		$3.15	to	$1.89		$8,156		0.18	%		0.55	%	to	1.45	%		30.71	%	to	29.54	%
Col VP Global Strategic Inc, Cl 2
2023		1,150		$1.03	to	$0.78		$1,091		3.02	%		0.65	%	to	1.85	%		8.76	%	to	7.46	%
2022		1,083		$0.95	to	$0.73		$948		3.18	%		0.65	%	to	1.85	%		(4.91	%)⁽⁷⁾	to	(15.20	%)
2021		940		$1.06	to	$0.86		$962		3.62	%		0.85	%	to	1.85	%		0.18	%	to	(0.82	%)
2020		830		$1.05	to	$0.87		$847		4.12	%		0.85	%	to	1.85	%		3.70	%	to	2.67	%
2019		547		$1.02	to	$0.85		$545		—			0.85	%	to	1.85	%		9.82	%	to	8.72	%
Col VP Global Strategic Inc, Cl 3
2023		1,623		$1.29	to	$1.10		$2,469		3.24	%		0.55	%	to	1.45	%		9.21	%	to	8.23	%
2022		1,815		$1.18	to	$1.02		$2,537		3.44	%		0.55	%	to	1.45	%		(14.08	%)	to	(14.85	%)
2021		2,042		$1.37	to	$1.19		$3,335		4.04	%		0.55	%	to	1.45	%		0.59	%	to	(0.32	%)
2020		2,296		$1.36	to	$1.20		$3,752		5.18	%		0.55	%	to	1.45	%		4.11	%	to	3.17	%
2019		2,516		$1.31	to	$1.16		$3,988		—			0.55	%	to	1.45	%		10.30	%	to	9.31	%
Col VP Govt Money Mkt, Cl 2
2023		16,946		$1.04	to	$0.89		$16,428		4.40	%		0.65	%	to	1.85	%		3.79	%	to	2.55	%
2022		14,646		$1.01	to	$0.87		$13,763		1.38	%		0.65	%	to	1.85	%		0.66	%⁽⁷⁾	to	(0.75	%)
2021		7,055		$0.94	to	$0.88		$6,474		0.01	%		0.85	%	to	1.85	%		(0.83	%)	to	(1.83	%)
2020		7,634		$0.95	to	$0.90		$7,084		0.16	%		0.85	%	to	1.85	%		(0.61	%)	to	(1.61	%)
2019		6,977		$0.95	to	$0.91		$6,563		1.59	%		0.85	%	to	1.85	%		0.78	%	to	(0.23	%)
Col VP Govt Money Mkt, Cl 3
2023		6,989		$1.14	to	$0.93		$7,555		4.50	%		0.55	%	to	1.45	%		4.02	%	to	3.10	%
2022		7,686		$1.10	to	$0.91		$7,984		1.20	%		0.55	%	to	1.45	%		0.61	%	to	(0.30	%)
2021		6,690		$1.09	to	$0.91		$6,995		0.01	%		0.55	%	to	1.45	%		(0.52	%)	to	(1.44	%)
2020		9,566		$1.10	to	$0.92		$10,004		0.22	%		0.55	%	to	1.45	%		(0.27	%)	to	(1.18	%)
2019		8,173		$1.10	to	$0.93		$8,696		1.73	%		0.55	%	to	1.45	%		1.21	%	to	0.30	%



128		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Hi Yield Bond, Cl 2
2023		2,524		$1.07	to	$1.26		$4,479		5.43	%		0.65	%	to	1.85	%		11.15	%	to	9.82	%
2022		2,194		$0.96	to	$1.15		$3,547		4.97	%		0.65	%	to	1.85	%		(2.98	%)⁽⁷⁾	to	(12.40	%)
2021		2,132		$1.92	to	$1.31		$3,964		4.71	%		0.85	%	to	1.85	%		3.90	%	to	2.86	%
2020		1,699		$1.85	to	$1.28		$3,034		5.95	%		0.85	%	to	1.85	%		5.41	%	to	4.36	%
2019		1,352		$1.75	to	$1.22		$2,300		5.81	%		0.85	%	to	1.85	%		15.54	%	to	14.38	%
Col VP Hi Yield Bond, Cl 3
2023		1,735		$2.78	to	$2.20		$5,298		5.31	%		0.55	%	to	1.45	%		11.47	%	to	10.47	%
2022		1,918		$2.49	to	$1.99		$5,298		5.08	%		0.55	%	to	1.45	%		(11.19	%)	to	(11.99	%)
2021		2,071		$2.80	to	$2.26		$6,497		5.02	%		0.55	%	to	1.45	%		4.29	%	to	3.35	%
2020		2,231		$2.69	to	$2.19		$6,751		5.65	%		0.55	%	to	1.45	%		5.96	%	to	5.01	%
2019		2,599		$2.54	to	$2.08		$7,472		5.79	%		0.55	%	to	1.45	%		16.08	%	to	15.04	%
Col VP Inc Opp, Cl 2
2023		2,124		$1.07	to	$1.10		$3,757		4.88	%		0.65	%	to	1.85	%		10.64	%	to	9.32	%
2022		2,388		$0.97	to	$1.00		$3,827		5.25	%		0.65	%	to	1.85	%		(2.41	%)⁽⁷⁾	to	(11.87	%)
2021		2,232		$1.85	to	$1.14		$4,027		8.73	%		0.85	%	to	1.85	%		3.26	%	to	2.23	%
2020		2,194		$1.79	to	$1.11		$3,841		4.54	%		0.85	%	to	1.85	%		4.78	%	to	3.74	%
2019		1,859		$1.71	to	$1.07		$3,112		4.58	%		0.85	%	to	1.85	%		15.14	%	to	13.99	%
Col VP Inc Opp, Cl 3
2023		1,788		$2.60	to	$2.12		$4,263		5.05	%		0.55	%	to	1.45	%		10.90	%	to	9.91	%
2022		1,954		$2.35	to	$1.93		$4,216		5.12	%		0.55	%	to	1.45	%		(10.70	%)	to	(11.50	%)
2021		2,341		$2.63	to	$2.18		$5,690		8.96	%		0.55	%	to	1.45	%		3.90	%	to	2.97	%
2020		2,515		$2.53	to	$2.12		$5,912		4.61	%		0.55	%	to	1.45	%		5.16	%	to	4.21	%
2019		2,924		$2.41	to	$2.03		$6,556		4.91	%		0.55	%	to	1.45	%		15.59	%	to	14.56	%
Col VP Inter Bond, Cl 2
2023		5,020		$0.98	to	$0.97		$6,041		2.07	%		0.65	%	to	1.85	%		5.40	%	to	4.14	%
2022		4,303		$0.93	to	$0.93		$4,934		3.05	%		0.65	%	to	1.85	%		(6.86	%)⁽⁷⁾	to	(18.74	%)
2021		3,643		$1.44	to	$1.14		$5,103		3.14	%		0.85	%	to	1.85	%		(1.43	%)	to	(2.41	%)
2020		3,336		$1.46	to	$1.17		$4,747		2.51	%		0.85	%	to	1.85	%		11.33	%	to	10.21	%
2019		2,357		$1.31	to	$1.06		$3,013		3.04	%		0.85	%	to	1.85	%		8.10	%	to	7.03	%
Col VP Inter Bond, Cl 3
2023		6,273		$1.63	to	$1.36		$10,924		2.21	%		0.55	%	to	1.45	%		5.61	%	to	4.67	%
2022		6,883		$1.54	to	$1.30		$11,425		3.05	%		0.55	%	to	1.45	%		(17.62	%)	to	(18.36	%)
2021		7,537		$1.87	to	$1.60		$15,328		3.16	%		0.55	%	to	1.45	%		(0.90	%)	to	(1.79	%)
2020		8,248		$1.89	to	$1.63		$17,001		2.76	%		0.55	%	to	1.45	%		11.83	%	to	10.83	%
2019		8,839		$1.69	to	$1.47		$16,357		3.11	%		0.55	%	to	1.45	%		8.52	%	to	7.55	%
Col VP Lg Cap Gro, Cl 2
2023		1,465		$1.22	to	$3.42		$7,518		—			0.65	%	to	1.85	%		41.85	%	to	40.16	%
2022		1,247		$0.86	to	$2.44		$4,852		—			0.65	%	to	1.85	%		(15.22	%)⁽⁷⁾	to	(32.79	%)
2021		882		$5.96	to	$3.63		$5,119		—			0.85	%	to	1.85	%		27.27	%	to	26.00	%
2020		791		$4.68	to	$2.88		$3,620		—			0.85	%	to	1.85	%		33.27	%	to	31.95	%
2019		620		$3.51	to	$2.19		$2,139		—			0.85	%	to	1.85	%		34.39	%	to	33.05	%
Col VP Lg Cap Gro, Cl 3
2023		1,468		$5.57	to	$4.47		$4,310		—			0.55	%	to	1.45	%		42.17	%	to	40.90	%
2022		1,633		$3.92	to	$3.17		$3,360		—			0.55	%	to	1.45	%		(31.82	%)	to	(32.43	%)
2021		1,775		$5.75	to	$4.69		$5,240		—			0.55	%	to	1.45	%		27.83	%	to	26.69	%
2020		2,057		$4.50	to	$3.70		$4,787		—			0.55	%	to	1.45	%		33.83	%	to	32.63	%
2019		2,380		$3.36	to	$2.79		$4,150		—			0.55	%	to	1.45	%		35.01	%	to	33.80	%
Col VP Lg Cap Index, Cl 2
2023		17,794		$1.16	to	$1.13		$20,353		—			0.65	%	to	1.55	%		24.84	%	to	23.73	%
2022		10,988		$0.93	to	$0.91		$10,096		—			0.65	%	to	1.55	%		(7.22	%)⁽⁷⁾	to	(19.79	%)
2021		3,471		$1.14	to	$1.14		$3,954		—			0.95	%	to	1.55	%		13.67	%⁽⁶⁾	to	13.22	%⁽⁶⁾



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			129


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Lg Cap Index, Cl 3
2023		18,551		$4.90	to	$2.88		$73,880		—			0.55	%	to	1.85	%		25.13	%	to	23.52	%
2022		17,222		$3.91	to	$2.33		$55,435		—			0.55	%	to	1.85	%		(18.89	%)	to	(19.94	%)
2021		16,719		$4.82	to	$2.92		$66,822		—			0.55	%	to	1.85	%		27.51	%	to	25.87	%
2020		18,223		$3.78	to	$2.32		$57,310		—			0.55	%	to	1.85	%		17.26	%	to	15.74	%
2019		16,113		$3.23	to	$2.00		$43,550		—			0.55	%	to	1.85	%		30.23	%	to	28.55	%
Col VP Limited Duration Cr, Cl 2
2023		3,415		$1.06	to	$0.97		$3,847		3.11	%		0.55	%	to	1.85	%		6.07	%	to	4.71	%
2022		3,776		$1.00	to	$0.93		$4,030		0.54	%		0.55	%	to	1.85	%		(6.87	%)	to	(8.07	%)
2021		3,318		$1.07	to	$1.01		$3,808		1.42	%		0.55	%	to	1.85	%		(1.38	%)	to	(2.67	%)
2020		3,033		$1.09	to	$1.04		$3,537		2.58	%		0.55	%	to	1.85	%		4.99	%	to	3.63	%
2019		2,588		$1.04	to	$1.00		$2,915		2.18	%		0.55	%	to	1.85	%		6.88	%	to	5.49	%
Col VP Long Govt/Cr Bond, Cl 2
2023		1,359		$1.07	to	$0.93		$1,388		3.07	%		0.55	%	to	1.85	%		6.09	%	to	4.72	%
2022		1,252		$1.01	to	$0.89		$1,212		2.25	%		0.55	%	to	1.85	%		(28.09	%)	to	(29.02	%)
2021		963		$1.40	to	$1.25		$1,297		1.80	%		0.55	%	to	1.85	%		(3.99	%)	to	(5.24	%)
2020		1,060		$1.46	to	$1.32		$1,496		2.75	%		0.55	%	to	1.85	%		16.43	%	to	14.92	%
2019		620		$1.25	to	$1.15		$754		2.89	%		0.55	%	to	1.85	%		18.76	%	to	17.24	%
Col VP Overseas Core, Cl 2
2023		603		$1.11	to	$1.31		$1,092		1.58	%		0.65	%	to	1.85	%		14.58	%	to	13.21	%
2022		539		$0.97	to	$1.16		$855		0.73	%		0.65	%	to	1.85	%		(2.28	%)⁽⁷⁾	to	(16.46	%)
2021		524		$1.94	to	$1.38		$986		1.16	%		0.85	%	to	1.85	%		8.81	%	to	7.74	%
2020		326		$1.78	to	$1.28		$566		1.44	%		0.85	%	to	1.85	%		7.90	%	to	6.83	%
2019		331		$1.65	to	$1.20		$532		1.85	%		0.85	%	to	1.85	%		24.09	%	to	22.85	%
Col VP Overseas Core, Cl 3
2023		1,571		$2.34	to	$1.58		$2,950		1.82	%		0.55	%	to	1.45	%		14.84	%	to	13.81	%
2022		1,717		$2.04	to	$1.38		$2,834		0.81	%		0.55	%	to	1.45	%		(15.27	%)	to	(16.03	%)
2021		1,872		$2.40	to	$1.65		$3,685		1.18	%		0.55	%	to	1.45	%		9.28	%	to	8.30	%
2020		2,054		$2.20	to	$1.52		$3,706		1.56	%		0.55	%	to	1.45	%		8.33	%	to	7.35	%
2019		2,393		$2.03	to	$1.42		$3,984		1.97	%		0.55	%	to	1.45	%		24.63	%	to	23.52	%
Col VP Select Lg Cap Eq, Cl 2
2023		196		$1.17	to	$1.16		$228		—			0.65	%	to	1.55	%		26.94	%	to	25.81	%
2022		—		$0.92	to	$0.92		$0		—			0.65	%	to	1.55	%		(8.22	%)⁽⁷⁾	to	(8.76	%)⁽⁷⁾
Col VP Select Lg Cap Val, Cl 2
2023		1,239		$1.05	to	$2.33		$3,905		—			0.65	%	to	1.85	%		4.43	%	to	3.19	%
2022		1,095		$1.01	to	$2.26		$3,535		—			0.65	%	to	1.85	%		0.22	%⁽⁷⁾	to	(3.85	%)
2021		536		$3.98	to	$2.35		$2,062		—			0.85	%	to	1.85	%		24.91	%	to	23.67	%
2020		470		$3.18	to	$1.90		$1,451		—			0.85	%	to	1.85	%		5.90	%	to	4.85	%
2019		252		$3.01	to	$1.81		$740		—			0.85	%	to	1.85	%		25.36	%	to	24.11	%
Col VP Select Lg Cap Val, Cl 3
2023		224		$4.03	to	$3.14		$793		—			0.55	%	to	1.45	%		4.65	%	to	3.72	%
2022		293		$3.85	to	$3.02		$998		—			0.55	%	to	1.45	%		(2.49	%)	to	(3.36	%)
2021		271		$3.94	to	$3.13		$953		—			0.55	%	to	1.45	%		25.46	%	to	24.33	%
2020		273		$3.14	to	$2.52		$770		—			0.55	%	to	1.45	%		6.37	%	to	5.41	%
2019		329		$2.96	to	$2.39		$877		—			0.55	%	to	1.45	%		25.85	%	to	24.72	%
Col VP Select Mid Cap Gro, Cl 2
2023		731		$1.16	to	$2.41		$2,409		—			0.65	%	to	1.85	%		24.12	%	to	22.64	%
2022		596		$0.94	to	$1.97		$1,582		—			0.65	%	to	1.85	%		(7.66	%)⁽⁷⁾	to	(32.28	%)
2021		448		$4.06	to	$2.90		$1,755		—			0.85	%	to	1.85	%		15.29	%	to	14.14	%
2020		316		$3.52	to	$2.54		$1,074		—			0.85	%	to	1.85	%		33.94	%	to	32.61	%
2019		274		$2.63	to	$1.92		$700		—			0.85	%	to	1.85	%		33.69	%	to	32.36	%
Col VP Select Mid Cap Gro, Cl 3
2023		974		$4.10	to	$3.50		$3,329		—			0.55	%	to	1.45	%		24.40	%	to	23.29	%
2022		1,107		$3.30	to	$2.84		$3,056		—			0.55	%	to	1.45	%		(31.30	%)	to	(31.91	%)
2021		1,182		$4.80	to	$4.17		$4,791		—			0.55	%	to	1.45	%		15.77	%	to	14.73	%
2020		1,254		$4.14	to	$3.63		$4,394		—			0.55	%	to	1.45	%		34.49	%	to	33.29	%
2019		1,428		$3.08	to	$2.72		$3,740		—			0.55	%	to	1.45	%		34.28	%	to	33.08	%



130		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Col VP Select Mid Cap Val, Cl 2
2023		793		$1.08	to	$2.19		$2,768		—			0.65	%	to	1.85	%		9.34	%	to	8.04	%
2022		566		$0.98	to	$2.03		$1,847		—			0.65	%	to	1.85	%		(2.12	%)⁽⁷⁾	to	(11.32	%)
2021		435		$3.78	to	$2.29		$1,585		—			0.85	%	to	1.85	%		30.86	%	to	29.56	%
2020		463		$2.89	to	$1.77		$1,294		—			0.85	%	to	1.85	%		6.34	%	to	5.29	%
2019		328		$2.71	to	$1.68		$868		—			0.85	%	to	1.85	%		30.14	%	to	28.84	%
Col VP Select Mid Cap Val, Cl 3
2023		460		$3.85	to	$3.03		$1,706		—			0.55	%	to	1.45	%		9.58	%	to	8.60	%
2022		514		$3.51	to	$2.79		$1,743		—			0.55	%	to	1.45	%		(10.06	%)	to	(10.86	%)
2021		568		$3.91	to	$3.13		$2,159		—			0.55	%	to	1.45	%		31.41	%	to	30.23	%
2020		635		$2.97	to	$2.40		$1,851		—			0.55	%	to	1.45	%		6.82	%	to	5.86	%
2019		731		$2.78	to	$2.27		$2,010		—			0.55	%	to	1.45	%		30.70	%	to	29.53	%
Col VP Select Sm Cap Val, Cl 2
2023		511		$1.08	to	$1.96		$1,392		—			0.65	%	to	1.85	%		12.12	%	to	10.78	%
2022		454		$0.96	to	$1.77		$1,104		—			0.65	%	to	1.85	%		(4.31	%)⁽⁷⁾	to	(16.48	%)
2021		302		$3.51	to	$2.11		$1,024		—			0.85	%	to	1.85	%		29.51	%	to	28.22	%
2020		255		$2.71	to	$1.65		$670		—			0.85	%	to	1.85	%		8.00	%	to	6.92	%
2019		194		$2.51	to	$1.54		$477		—			0.85	%	to	1.85	%		16.45	%	to	15.29	%
Col VP Select Sm Cap Val, Cl 3
2023		379		$3.38	to	$2.74		$1,419		—			0.55	%	to	1.45	%		12.36	%	to	11.35	%
2022		423		$3.00	to	$2.46		$1,415		—			0.55	%	to	1.45	%		(15.29	%)	to	(16.04	%)
2021		394		$3.55	to	$2.93		$1,586		—			0.55	%	to	1.45	%		30.08	%	to	28.92	%
2020		413		$2.73	to	$2.27		$1,304		—			0.55	%	to	1.45	%		8.46	%	to	7.48	%
2019		494		$2.51	to	$2.11		$1,435		—			0.55	%	to	1.45	%		16.94	%	to	15.89	%
Col VP Sel Gbl Tech, Cl 2
2023		436		$1.23	to	$1.22		$537		—			0.65	%	to	1.55	%		43.94	%	to	42.65	%
2022		97		$0.86	to	$0.85		$84		—			0.65	%	to	1.55	%		(15.93	%)⁽⁷⁾	to	(16.44	%)⁽⁷⁾
Col VP Sm Cap Val, Cl 2
2023		24		$1.20	to	$1.18		$30		0.43	%		0.65	%	to	1.55	%		20.87	%	to	19.80	%
2022		13		$0.99	to	$0.98		$14		0.22	%		0.65	%	to	1.55	%		(1.99	%)⁽⁷⁾	to	(2.56	%)⁽⁷⁾
Col VP Strategic Inc, Cl 2
2023		3,224		$1.03	to	$1.08		$4,012		3.45	%		0.65	%	to	1.85	%		8.49	%	to	7.21	%
2022		2,554		$0.95	to	$1.01		$2,951		2.70	%		0.65	%	to	1.85	%		(4.13	%)⁽⁷⁾	to	(13.14	%)
2021		2,835		$1.36	to	$1.16		$3,732		5.23	%		0.85	%	to	1.85	%		0.77	%	to	(0.24	%)
2020		2,515		$1.35	to	$1.17		$3,290		3.41	%		0.85	%	to	1.85	%		5.72	%	to	4.67	%
2019		2,336		$1.27	to	$1.11		$2,901		3.57	%		0.85	%	to	1.85	%		9.29	%	to	8.19	%
Col VP US Govt Mtge, Cl 2
2023		1,365		$0.98	to	$0.92		$1,370		2.65	%		0.65	%	to	1.85	%		4.75	%	to	3.49	%
2022		1,570		$0.94	to	$0.89		$1,507		1.97	%		0.65	%	to	1.85	%		(5.83	%)⁽⁷⁾	to	(15.89	%)
2021		1,225		$1.16	to	$1.05		$1,383		1.72	%		0.85	%	to	1.85	%		(2.04	%)	to	(3.01	%)
2020		820		$1.19	to	$1.09		$947		2.37	%		0.85	%	to	1.85	%		3.96	%	to	2.92	%
2019		865		$1.14	to	$1.06		$962		2.52	%		0.85	%	to	1.85	%		5.60	%	to	4.54	%
Col VP US Govt Mtge, Cl 3
2023		1,701		$1.24	to	$1.03		$2,161		2.66	%		0.55	%	to	1.45	%		4.97	%	to	4.04	%
2022		1,783		$1.18	to	$0.99		$2,168		1.98	%		0.55	%	to	1.45	%		(14.73	%)	to	(15.50	%)
2021		2,335		$1.39	to	$1.18		$3,302		1.94	%		0.55	%	to	1.45	%		(1.61	%)	to	(2.49	%)
2020		2,429		$1.41	to	$1.21		$3,510		2.53	%		0.55	%	to	1.45	%		4.38	%	to	3.44	%
2019		2,325		$1.35	to	$1.17		$3,277		2.62	%		0.55	%	to	1.45	%		6.03	%	to	5.08	%
CS Commodity Return, Cl 1
2023		709		$0.65	to	$0.57		$440		21.49	%		0.55	%	to	1.45	%		(9.61	%)	to	(10.42	%)
2022		825		$0.72	to	$0.64		$568		17.10	%		0.55	%	to	1.45	%		15.39	%	to	14.36	%
2021		1,134		$0.63	to	$0.56		$679		4.78	%		0.55	%	to	1.45	%		27.20	%	to	26.06	%
2020		1,174		$0.49	to	$0.44		$554		5.75	%		0.55	%	to	1.45	%		(2.02	%)	to	(2.90	%)
2019		1,265		$0.50	to	$0.45		$611		0.87	%		0.55	%	to	1.45	%		6.11	%	to	5.16	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			131


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
CTIVP AC Div Bond, Cl 2
2023		1,400		$0.98	to	$0.95		$1,581		3.15	%		0.65	%	to	1.85	%		4.65	%	to	3.39	%
2022		1,315		$0.93	to	$0.91		$1,424		3.07	%		0.65	%	to	1.85	%		(6.27	%)⁽⁷⁾	to	(17.06	%)
2021		881		$1.34	to	$1.10		$1,141		2.07	%		0.85	%	to	1.85	%		(0.56	%)	to	(1.54	%)
2020		781		$1.34	to	$1.12		$1,015		1.58	%		0.85	%	to	1.85	%		7.32	%	to	6.26	%
2019		907		$1.25	to	$1.05		$1,107		5.38	%		0.85	%	to	1.85	%		8.47	%	to	7.40	%
CTIVP BR Gl Infl Prot Sec, Cl 2
2023		1,196		$0.90	to	$0.93		$1,431		8.54	%		0.65	%	to	1.85	%		3.22	%	to	2.00	%
2022		1,379		$0.87	to	$0.91		$1,603		4.58	%		0.65	%	to	1.85	%		(11.71	%)⁽⁷⁾	to	(19.20	%)
2021		1,487		$1.46	to	$1.13		$2,131		0.57	%		0.85	%	to	1.85	%		3.55	%	to	2.51	%
2020		1,166		$1.41	to	$1.10		$1,617		0.45	%		0.85	%	to	1.85	%		8.05	%	to	6.97	%
2019		1,165		$1.31	to	$1.03		$1,498		3.11	%		0.85	%	to	1.85	%		6.72	%	to	5.66	%
CTIVP BR Gl Infl Prot Sec, Cl 3
2023		1,665		$1.57	to	$1.30		$2,413		8.88	%		0.55	%	to	1.45	%		3.39	%	to	2.46	%
2022		1,876		$1.52	to	$1.27		$2,643		4.35	%		0.55	%	to	1.45	%		(18.03	%)	to	(18.77	%)
2021		2,286		$1.85	to	$1.56		$3,947		0.68	%		0.55	%	to	1.45	%		3.90	%	to	2.97	%
2020		2,491		$1.78	to	$1.52		$4,160		0.56	%		0.55	%	to	1.45	%		8.52	%	to	7.54	%
2019		2,809		$1.64	to	$1.41		$4,337		3.16	%		0.55	%	to	1.45	%		7.22	%	to	6.26	%
CTIVP CenterSquare Real Est, Cl 2
2023		525		$0.92	to	$1.30		$1,132		1.84	%		0.65	%	to	1.85	%		12.82	%	to	11.49	%
2022		500		$0.81	to	$1.17		$959		1.33	%		0.65	%	to	1.85	%		(16.56	%)⁽⁷⁾	to	(25.71	%)
2021		473		$2.62	to	$1.57		$1,211		1.13	%		0.85	%	to	1.85	%		40.01	%	to	38.62	%
2020		457		$1.87	to	$1.13		$837		4.22	%		0.85	%	to	1.85	%		(5.99	%)	to	(6.93	%)
2019		476		$1.99	to	$1.22		$925		1.67	%		0.85	%	to	1.85	%		25.09	%	to	23.85	%
CTIVP MFS Val, Cl 2
2023		1,408		$1.10	to	$2.15		$4,912		—			0.65	%	to	1.85	%		7.08	%	to	5.80	%
2022		1,395		$1.02	to	$2.03		$4,539		—			0.65	%	to	1.85	%		2.42	%⁽⁷⁾	to	(8.07	%)
2021		1,250		$3.61	to	$2.21		$4,386		—			0.85	%	to	1.85	%		24.05	%	to	22.82	%
2020		1,210		$2.91	to	$1.80		$3,423		—			0.85	%	to	1.85	%		2.46	%	to	1.44	%
2019		1,322		$2.84	to	$1.77		$3,650		—			0.85	%	to	1.85	%		28.42	%	to	27.14	%
CTIVP MS Adv, Cl 2
2023		315		$1.11	to	$2.54		$1,263		—			0.65	%	to	1.85	%		29.77	%	to	28.23	%
2022		335		$0.86	to	$1.98		$1,037		—			0.65	%	to	1.85	%		(15.25	%)⁽⁷⁾	to	(42.29	%)
2021		343		$5.46	to	$3.43		$1,823		—			0.85	%	to	1.85	%		(5.16	%)	to	(6.10	%)
2020		226		$5.76	to	$3.66		$1,270		—			0.85	%	to	1.85	%		74.01	%	to	72.28	%
2019		158		$3.31	to	$2.12		$511		—			0.85	%	to	1.85	%		25.78	%	to	24.53	%
CTIVP Prin Blue Chip Gro, Cl 1
2023		1,973		$2.74	to	$2.56		$5,253		—			0.55	%	to	1.45	%		38.77	%	to	37.54	%
2022		2,407		$1.98	to	$1.86		$4,639		—			0.55	%	to	1.45	%		(28.40	%)	to	(29.04	%)
2021		2,585		$2.76	to	$2.62		$6,985		—			0.55	%	to	1.45	%		17.92	%	to	16.87	%
2020		2,909		$2.34	to	$2.24		$6,691		—			0.55	%	to	1.45	%		31.21	%	to	30.04	%
2019		3,697		$1.78	to	$1.73		$6,507		—			0.55	%	to	1.45	%		31.03	%	to	29.86	%
CTIVP Prin Blue Chip Gro, Cl 2
2023		593		$1.25	to	$3.36		$2,612		—			0.65	%	to	1.85	%		38.31	%	to	36.66	%
2022		435		$0.91	to	$2.46		$1,633		—			0.65	%	to	1.85	%		(10.61	%)⁽⁷⁾	to	(29.50	%)
2021		592		$5.56	to	$3.48		$3,181		—			0.85	%	to	1.85	%		17.28	%	to	16.11	%
2020		457		$4.74	to	$3.00		$2,104		—			0.85	%	to	1.85	%		30.49	%	to	29.20	%
2019		412		$3.64	to	$2.32		$1,448		—			0.85	%	to	1.85	%		30.32	%	to	29.02	%
CTIVP T Rowe Price LgCap Val, Cl 2
2023		1,352		$1.07	to	$1.91		$4,163		—			0.65	%	to	1.85	%		8.58	%	to	7.28	%
2022		1,323		$0.99	to	$1.78		$3,769		—			0.65	%	to	1.85	%		(1.19	%)⁽⁷⁾	to	(6.90	%)
2021		1,128		$3.12	to	$1.91		$3,412		—			0.85	%	to	1.85	%		23.92	%	to	22.69	%
2020		1,081		$2.51	to	$1.56		$2,645		—			0.85	%	to	1.85	%		1.56	%	to	0.55	%
2019		933		$2.48	to	$1.55		$2,245		—			0.85	%	to	1.85	%		25.16	%	to	23.91	%



132		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
CTIVP TCW Core Plus Bond, Cl 2
2023		2,117		$0.99	to	$0.93		$2,225		2.27	%		0.65	%	to	1.85	%		4.86	%	to	3.62	%
2022		1,894		$0.94	to	$0.90		$1,900		0.86	%		0.65	%	to	1.85	%		(4.99	%)⁽⁷⁾	to	(15.88	%)
2021		849		$1.23	to	$1.07		$1,023		1.13	%		0.85	%	to	1.85	%		(2.24	%)	to	(3.21	%)
2020		966		$1.26	to	$1.10		$1,187		2.28	%		0.85	%	to	1.85	%		7.75	%	to	6.68	%
2019		583		$1.17	to	$1.03		$665		2.69	%		0.85	%	to	1.85	%		7.66	%	to	6.59	%
CTIVP Vty Sycamore Estb Val, Cl 2
2023		1,475		$1.08	to	$2.65		$6,129		—			0.65	%	to	1.85	%		8.97	%	to	7.67	%
2022		1,319		$1.00	to	$2.46		$5,140		—			0.65	%	to	1.85	%		(0.16	%)⁽⁷⁾	to	(4.78	%)
2021		1,153		$4.22	to	$2.59		$4,730		—			0.85	%	to	1.85	%		30.44	%	to	29.14	%
2020		1,093		$3.23	to	$2.00		$3,450		—			0.85	%	to	1.85	%		6.89	%	to	5.83	%
2019		1,136		$3.02	to	$1.89		$3,357		—			0.85	%	to	1.85	%		26.77	%	to	25.51	%
CTIVP Vty Sycamore Estb Val, Cl 3
2023		235		$4.97	to	$3.98		$1,055		—			0.55	%	to	1.45	%		9.21	%	to	8.23	%
2022		250		$4.55	to	$3.68		$1,036		—			0.55	%	to	1.45	%		(3.42	%)	to	(4.28	%)
2021		299		$4.71	to	$3.84		$1,289		—			0.55	%	to	1.45	%		31.02	%	to	29.85	%
2020		284		$3.60	to	$2.96		$940		—			0.55	%	to	1.45	%		7.31	%	to	6.35	%
2019		296		$3.35	to	$2.78		$919		—			0.55	%	to	1.45	%		27.31	%	to	26.17	%
CTIVP Westfield Mid Cap Gro, Cl 2
2023		323		$1.11	to	$2.43		$1,272		—			0.65	%	to	1.85	%		24.37	%	to	22.89	%
2022		323		$0.89	to	$1.98		$1,028		—			0.65	%	to	1.85	%		(11.33	%)⁽⁷⁾	to	(27.15	%)
2021		328		$4.45	to	$2.72		$1,421		—			0.85	%	to	1.85	%		15.43	%	to	14.28	%
2020		351		$3.85	to	$2.38		$1,320		—			0.85	%	to	1.85	%		26.11	%	to	24.85	%
2019		347		$3.06	to	$1.90		$1,039		—			0.85	%	to	1.85	%		40.60	%	to	39.20	%
Del Ivy VIP Asset Strategy, Cl II
2023		375		$1.61	to	$1.40		$574		2.10	%		0.55	%	to	1.85	%		13.32	%	to	11.85	%
2022		403		$1.42	to	$1.25		$546		1.53	%		0.55	%	to	1.85	%		(15.20	%)	to	(16.31	%)
2021		454		$1.67	to	$1.49		$729		1.51	%		0.55	%	to	1.85	%		9.83	%	to	8.41	%
2020		493		$1.52	to	$1.38		$724		2.06	%		0.55	%	to	1.85	%		13.25	%	to	11.78	%
2019		475		$1.34	to	$1.23		$619		2.20	%		0.55	%	to	1.85	%		21.11	%	to	19.54	%
Del VIP for Inc, Serv Cl
2023		89		$1.07	to	$1.06		$96		3.82	%		0.65	%	to	1.55	%		12.12	%	to	11.12	%
2022		41		$0.96	to	$0.95		$41		—			0.65	%	to	1.55	%		(3.70	%)⁽⁷⁾	to	(4.27	%)⁽⁷⁾
Del VIP Intl, Serv Cl
2023		64		$1.03	to	$1.02		$66		0.16	%		0.65	%	to	1.55	%		12.54	%	to	11.54	%
2022		—		$0.92	to	$0.91		$1		—			0.65	%	to	1.55	%		(7.86	%)⁽⁷⁾	to	(8.41	%)⁽⁷⁾
DWS Alt Asset Alloc VIP, Cl B
2023		724		$1.23	to	$1.03		$838		6.43	%		0.55	%	to	1.85	%		5.09	%	to	3.74	%
2022		760		$1.17	to	$0.99		$841		6.90	%		0.55	%	to	1.85	%		(8.25	%)	to	(9.43	%)
2021		764		$1.28	to	$1.09		$927		1.69	%		0.55	%	to	1.85	%		11.73	%	to	10.29	%
2020		651		$1.14	to	$0.99		$711		2.33	%		0.55	%	to	1.85	%		4.75	%	to	3.39	%
2019		541		$1.09	to	$0.96		$568		3.66	%		0.55	%	to	1.85	%		13.72	%	to	12.26	%
EV VT Floating-Rate Inc, Init Cl
2023		3,253		$1.72	to	$1.06		$5,119		8.21	%		0.55	%	to	1.55	%		10.60	%	to	9.51	%
2022		2,941		$1.55	to	$0.97		$4,258		4.71	%		0.55	%	to	1.55	%		(3.27	%)	to	(2.68	%)⁽⁷⁾
2021		2,539		$1.61	to	$1.39		$3,827		2.90	%		0.55	%	to	1.45	%		3.04	%	to	2.13	%
2020		2,829		$1.56	to	$1.36		$4,160		3.33	%		0.55	%	to	1.45	%		1.44	%	to	0.53	%
2019		3,802		$1.54	to	$1.35		$5,531		4.32	%		0.55	%	to	1.45	%		6.49	%	to	5.54	%
Fid VIP Contrafund, Serv Cl 2
2023		10,252		$4.34	to	$2.86		$42,054		0.26	%		0.55	%	to	1.85	%		32.39	%	to	30.68	%
2022		10,551		$3.28	to	$2.19		$33,166		0.27	%		0.55	%	to	1.85	%		(26.89	%)	to	(27.83	%)
2021		10,591		$4.48	to	$3.04		$45,830		0.03	%		0.55	%	to	1.85	%		26.81	%	to	25.17	%
2020		10,296		$3.53	to	$2.43		$35,394		0.08	%		0.55	%	to	1.85	%		29.52	%	to	27.84	%
2019		11,232		$2.73	to	$1.90		$30,062		0.22	%		0.55	%	to	1.85	%		30.56	%	to	28.87	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			133


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Fid VIP Emer Mkts, Serv Cl 2
2023		44		$1.04	to	$1.03		$46		2.43	%		0.65	%	to	1.55	%		8.77	%	to	7.81	%
2022		22		$0.96	to	$0.95		$22		9.31	%		0.65	%	to	1.55	%		(4.74	%)⁽⁷⁾	to	(5.30	%)⁽⁷⁾
Fid VIP Energy, Serv Cl 2
2023		366		$1.17	to	$1.15		$426		3.39	%		0.65	%	to	1.55	%		0.05	%	to	(0.84	%)
2022		98		$1.16	to	$1.16		$115		5.60	%		0.65	%	to	1.55	%		15.45	%⁽⁷⁾	to	14.76	%⁽⁷⁾
Fid VIP Gro & Inc, Serv Cl
2023		219		$3.87	to	$3.70		$827		1.49	%		0.75	%	to	0.95	%		17.69	%	to	17.46	%
2022		242		$3.29	to	$3.15		$779		1.35	%		0.75	%	to	0.95	%		(5.73	%)	to	(5.92	%)
2021		366		$3.49	to	$3.35		$1,251		2.30	%		0.75	%	to	0.95	%		24.82	%	to	24.58	%
2020		409		$2.80	to	$2.69		$1,118		2.04	%		0.75	%	to	0.95	%		6.93	%	to	6.72	%
2019		440		$2.62	to	$2.52		$1,129		3.49	%		0.75	%	to	0.95	%		28.97	%	to	28.71	%
Fid VIP Gro & Inc, Serv Cl 2
2023		2,173		$4.31	to	$1.16		$7,646		1.55	%		0.55	%	to	1.55	%		17.72	%	to	16.55	%
2022		1,797		$3.66	to	$1.00		$6,432		1.48	%		0.55	%	to	1.55	%		(5.69	%)	to	(0.41	%)⁽⁷⁾
2021		1,787		$3.88	to	$4.23		$7,249		2.14	%		0.55	%	to	1.20	%		24.95	%	to	24.14	%
2020		2,106		$3.11	to	$3.41		$6,739		1.90	%		0.55	%	to	1.20	%		7.00	%	to	6.31	%
2019		2,387		$2.90	to	$3.21		$7,163		3.46	%		0.55	%	to	1.20	%		28.97	%	to	28.13	%
Fid VIP Gro Opp, Serv Cl 2
2023		551		$1.22	to	$1.20		$668		—			0.65	%	to	1.55	%		44.36	%	to	43.08	%
2022		34		$0.84	to	$0.84		$31		—			0.65	%	to	1.55	%		(17.23	%)⁽⁷⁾	to	(17.72	%)⁽⁷⁾
Fid VIP Intl Cap Appr, Serv Cl 2
2023		162		$1.17	to	$1.15		$190		0.27	%		0.65	%	to	1.55	%		26.37	%	to	25.22	%
2022		41		$0.93	to	$0.92		$39		0.31	%		0.65	%	to	1.55	%		(6.69	%)⁽⁷⁾	to	(7.24	%)⁽⁷⁾
Fid VIP Invest Gr, Serv Cl 2
2023		1,339		$1.00	to	$0.99		$1,335		5.07	%		0.65	%	to	1.55	%		5.32	%	to	4.38	%
2022		127		$0.95	to	$0.95		$122		14.53	%		0.65	%	to	1.55	%		(4.15	%)⁽⁷⁾	to	(4.73	%)⁽⁷⁾
Fid VIP Mid Cap, Serv Cl
2023		262		$6.39	to	$6.10		$1,625		0.52	%		0.75	%	to	0.95	%		14.15	%	to	13.92	%
2022		268		$5.59	to	$5.35		$1,465		0.38	%		0.75	%	to	0.95	%		(15.49	%)	to	(15.66	%)
2021		343		$6.62	to	$6.35		$2,210		0.51	%		0.75	%	to	0.95	%		24.57	%	to	24.32	%
2020		367		$5.31	to	$5.10		$1,904		0.56	%		0.75	%	to	0.95	%		17.16	%	to	16.92	%
2019		397		$4.54	to	$4.37		$1,760		0.78	%		0.75	%	to	0.95	%		22.43	%	to	22.18	%
Fid VIP Mid Cap, Serv Cl 2
2023		4,901		$4.66	to	$2.16		$24,436		0.39	%		0.55	%	to	1.85	%		14.17	%	to	12.70	%
2022		4,950		$4.09	to	$1.91		$21,981		0.27	%		0.55	%	to	1.85	%		(15.43	%)	to	(16.52	%)
2021		5,326		$4.83	to	$2.29		$27,803		0.36	%		0.55	%	to	1.85	%		24.62	%	to	23.01	%
2020		5,568		$3.88	to	$1.86		$23,375		0.40	%		0.55	%	to	1.85	%		17.22	%	to	15.70	%
2019		6,668		$3.31	to	$1.61		$23,460		0.68	%		0.55	%	to	1.85	%		22.50	%	to	20.91	%
Fid VIP Overseas, Serv Cl
2023		100		$2.16	to	$2.06		$209		0.96	%		0.75	%	to	0.95	%		19.51	%	to	19.27	%
2022		105		$1.80	to	$1.73		$185		0.95	%		0.75	%	to	0.95	%		(25.15	%)	to	(25.30	%)
2021		112		$2.41	to	$2.31		$264		0.44	%		0.75	%	to	0.95	%		18.68	%	to	18.44	%
2020		117		$2.03	to	$1.95		$233		0.35	%		0.75	%	to	0.95	%		14.63	%	to	14.40	%
2019		148		$1.77	to	$1.71		$258		1.65	%		0.75	%	to	0.95	%		26.72	%	to	26.47	%
Fid VIP Overseas, Serv Cl 2
2023		932		$2.53	to	$1.73		$2,333		0.80	%		0.55	%	to	1.45	%		19.56	%	to	18.50	%
2022		1,036		$2.11	to	$1.46		$2,147		0.82	%		0.55	%	to	1.45	%		(25.10	%)	to	(25.76	%)
2021		1,117		$2.82	to	$1.97		$3,108		0.32	%		0.55	%	to	1.45	%		18.73	%	to	17.67	%
2020		1,200		$2.38	to	$1.67		$2,805		0.22	%		0.55	%	to	1.45	%		14.70	%	to	13.67	%
2019		1,328		$2.07	to	$1.47		$2,697		1.49	%		0.55	%	to	1.45	%		26.80	%	to	25.66	%



134		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Fid VIP Strategic Inc, Serv Cl 2
2023		7,687		$1.27	to	$1.10		$9,250		4.36	%		0.55	%	to	1.85	%		8.58	%	to	7.18	%
2022		7,925		$1.17	to	$1.03		$8,816		3.68	%		0.55	%	to	1.85	%		(12.01	%)	to	(13.14	%)
2021		7,071		$1.33	to	$1.18		$8,973		2.59	%		0.55	%	to	1.85	%		2.96	%	to	1.61	%
2020		6,614		$1.29	to	$1.16		$8,189		3.30	%		0.55	%	to	1.85	%		6.57	%	to	5.20	%
2019		5,771		$1.21	to	$1.11		$6,728		4.23	%		0.55	%	to	1.85	%		10.06	%	to	8.63	%
Frank Global Real Est, Cl 2
2023		898		$1.51	to	$1.12		$2,067		2.91	%		0.55	%	to	1.45	%		10.82	%	to	9.83	%
2022		974		$1.37	to	$1.02		$2,015		2.41	%		0.55	%	to	1.45	%		(26.47	%)	to	(27.12	%)
2021		1,007		$1.86	to	$1.39		$2,827		0.90	%		0.55	%	to	1.45	%		26.09	%	to	24.97	%
2020		1,214		$1.47	to	$1.12		$2,685		3.31	%		0.55	%	to	1.45	%		(5.91	%)	to	(6.75	%)
2019		1,603		$1.57	to	$1.20		$3,590		2.65	%		0.55	%	to	1.45	%		21.70	%	to	20.61	%
Frank Inc, Cl 2
2023		2,931		$1.66	to	$1.44		$4,574		4.97	%		0.55	%	to	1.85	%		8.04	%	to	6.64	%
2022		2,971		$1.53	to	$1.35		$4,308		4.79	%		0.55	%	to	1.85	%		(5.98	%)	to	(7.20	%)
2021		2,734		$1.63	to	$1.46		$4,247		4.66	%		0.55	%	to	1.85	%		16.11	%	to	14.61	%
2020		2,552		$1.40	to	$1.27		$3,435		5.80	%		0.55	%	to	1.85	%		0.14	%	to	(1.15	%)
2019		2,354		$1.40	to	$1.29		$3,182		5.33	%		0.55	%	to	1.85	%		15.43	%	to	13.94	%
Frank Inc, Cl 4
2023		689		$1.05	to	$1.03		$716		4.91	%		0.65	%	to	1.55	%		7.84	%	to	6.88	%
2022		357		$0.97	to	$0.96		$346		6.45	%		0.65	%	to	1.55	%		(3.02	%)⁽⁷⁾	to	(3.59	%)⁽⁷⁾
Frank Mutual Gbl Dis, Cl 4
2023		25		$1.18	to	$1.17		$31		2.04	%		0.65	%	to	1.55	%		19.36	%	to	18.29	%
2022		10		$0.99	to	$0.99		$11		2.19	%		0.65	%	to	1.55	%		(0.78	%)⁽⁷⁾	to	(1.37	%)⁽⁷⁾
Frank Mutual Shares, Cl 2
2023		3,048		$2.76	to	$1.61		$7,817		1.83	%		0.55	%	to	1.85	%		12.84	%	to	11.39	%
2022		3,453		$2.44	to	$1.45		$7,818		1.80	%		0.55	%	to	1.85	%		(7.94	%)	to	(9.12	%)
2021		4,052		$2.65	to	$1.59		$9,989		2.89	%		0.55	%	to	1.85	%		18.51	%	to	16.98	%
2020		4,290		$2.24	to	$1.36		$8,929		2.79	%		0.55	%	to	1.85	%		(5.56	%)	to	(6.79	%)
2019		4,468		$2.37	to	$1.46		$9,889		1.84	%		0.55	%	to	1.85	%		21.90	%	to	20.32	%
Frank Sm Cap Val, Cl 2
2023		1,668		$3.95	to	$2.04		$7,579		0.52	%		0.55	%	to	1.85	%		12.13	%	to	10.69	%
2022		1,756		$3.53	to	$1.84		$7,114		0.98	%		0.55	%	to	1.85	%		(10.56	%)	to	(11.71	%)
2021		1,932		$3.94	to	$2.09		$8,656		1.00	%		0.55	%	to	1.85	%		24.68	%	to	23.07	%
2020		2,156		$3.16	to	$1.70		$7,786		1.49	%		0.55	%	to	1.85	%		4.61	%	to	3.27	%
2019		2,390		$3.02	to	$1.64		$8,214		1.05	%		0.55	%	to	1.85	%		25.65	%	to	24.04	%
Frank Sm Cap Val, Cl 4
2023		370		$1.11	to	$1.09		$408		0.33	%		0.65	%	to	1.55	%		11.95	%	to	10.93	%
2022		36		$0.99	to	$0.98		$37		0.11	%		0.65	%	to	1.55	%		(1.65	%)⁽⁷⁾	to	(2.23	%)⁽⁷⁾
GS VIT Mid Cap Val, Inst
2023		944		$4.30	to	$5.61		$6,556		1.03	%		0.55	%	to	1.20	%		10.81	%	to	10.09	%
2022		989		$3.88	to	$5.10		$6,211		0.68	%		0.55	%	to	1.20	%		(10.48	%)	to	(11.06	%)
2021		1,084		$4.33	to	$5.73		$7,658		0.46	%		0.55	%	to	1.20	%		30.23	%	to	29.39	%
2020		1,277		$3.33	to	$4.43		$6,943		0.64	%		0.55	%	to	1.20	%		7.81	%	to	7.11	%
2019		1,393		$3.08	to	$4.14		$7,054		0.79	%		0.55	%	to	1.20	%		30.81	%	to	29.96	%
GS VIT Multi-Strategy Alt, Advisor
2023		600		$1.04	to	$0.92		$595		6.48	%		0.55	%	to	1.85	%		6.94	%	to	5.57	%
2022		614		$0.97	to	$0.87		$574		3.07	%		0.55	%	to	1.85	%		(7.37	%)	to	(8.54	%)
2021		661		$1.05	to	$0.95		$669		1.64	%		0.55	%	to	1.85	%		4.08	%	to	2.74	%
2020		532		$1.01	to	$0.93		$520		2.38	%		0.55	%	to	1.85	%		6.00	%	to	4.62	%
2019		302		$0.95	to	$0.89		$282		2.90	%		0.55	%	to	1.85	%		8.01	%	to	6.62	%
GS VIT Multi-Strategy Alt, Serv
2023		92		$1.03	to	$1.01		$95		13.84	%		0.65	%	to	1.55	%		7.07	%	to	6.12	%
2022		14		$0.96	to	$0.96		$14		11.14	%		0.65	%	to	1.55	%		(3.70	%)⁽⁷⁾	to	(4.27	%)⁽⁷⁾



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			135


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
GS VIT Sm Cap Eq Insights, Inst
2023		39		$4.36	to	$4.16		$164		1.04	%		0.75	%	to	0.95	%		18.39	%	to	18.15	%
2022		41		$3.68	to	$3.52		$145		0.20	%		0.75	%	to	0.95	%		(19.98	%)	to	(20.14	%)
2021		114		$4.61	to	$4.41		$508		0.48	%		0.75	%	to	0.95	%		22.87	%	to	22.62	%
2020		112		$3.75	to	$3.60		$406		0.24	%		0.75	%	to	0.95	%		7.77	%	to	7.56	%
2019		121		$3.48	to	$3.35		$408		0.50	%		0.75	%	to	0.95	%		23.91	%	to	23.66	%
GS VIT Sm Cap Eq Insights, Serv
2023		106		$1.12	to	$1.11		$119		1.38	%		0.65	%	to	1.55	%		18.18	%	to	17.13	%
2022		35		$0.95	to	$0.95		$35		0.31	%		0.65	%	to	1.55	%		(5.77	%)⁽⁷⁾	to	(6.32	%)⁽⁷⁾
GS VIT U.S. Eq Insights, Inst
2023		967		$4.39	to	$3.47		$3,693		0.68	%		0.55	%	to	1.45	%		23.13	%	to	22.03	%
2022		1,101		$3.57	to	$2.84		$3,399		0.78	%		0.55	%	to	1.45	%		(20.18	%)	to	(20.89	%)
2021		1,236		$4.47	to	$3.59		$4,784		0.78	%		0.55	%	to	1.45	%		28.70	%	to	27.54	%
2020		1,422		$3.47	to	$2.81		$4,305		0.83	%		0.55	%	to	1.45	%		16.90	%	to	15.86	%
2019		1,650		$2.97	to	$2.43		$4,282		1.24	%		0.55	%	to	1.45	%		24.52	%	to	23.41	%
Invesco VI Am Fran, Ser I
2023		67		$3.78	to	$3.70		$252		—			0.75	%	to	0.95	%		39.88	%	to	39.60	%
2022		116		$2.71	to	$2.65		$309		—			0.75	%	to	0.95	%		(31.63	%)	to	(31.76	%)
2021		120		$3.96	to	$3.88		$470		—			0.75	%	to	0.95	%		11.09	%	to	10.87	%
2020		121		$3.56	to	$3.50		$425		0.08	%		0.75	%	to	0.95	%		41.29	%	to	41.01	%
2019		153		$2.52	to	$2.48		$382		—			0.75	%	to	0.95	%		35.73	%	to	35.46	%
Invesco VI Am Fran, Ser II
2023		512		$3.76	to	$3.39		$1,851		—			0.55	%	to	1.45	%		39.83	%	to	38.58	%
2022		566		$2.69	to	$2.44		$1,466		—			0.55	%	to	1.45	%		(31.67	%)	to	(32.29	%)
2021		616		$3.94	to	$3.61		$2,346		—			0.55	%	to	1.45	%		11.04	%	to	10.04	%
2020		695		$3.55	to	$3.28		$2,391		—			0.55	%	to	1.45	%		41.22	%	to	39.95	%
2019		903		$2.51	to	$2.34		$2,205		—			0.55	%	to	1.45	%		35.68	%	to	34.46	%
Invesco VI Bal Risk Alloc, Ser II
2023		1,041		$1.35	to	$1.18		$1,323		—			0.55	%	to	1.85	%		5.82	%	to	4.45	%
2022		986		$1.28	to	$1.13		$1,193		7.58	%		0.55	%	to	1.85	%		(14.98	%)	to	(16.08	%)
2021		943		$1.50	to	$1.34		$1,352		3.01	%		0.55	%	to	1.85	%		8.66	%	to	7.26	%
2020		950		$1.38	to	$1.25		$1,261		7.58	%		0.55	%	to	1.85	%		9.39	%	to	7.97	%
2019		764		$1.27	to	$1.16		$937		—			0.55	%	to	1.85	%		14.25	%	to	12.78	%
Invesco VI Comstock, Ser II
2023		1,204		$3.79	to	$1.12		$4,182		1.57	%		0.55	%	to	1.55	%		11.48	%	to	10.37	%
2022		1,337		$3.40	to	$1.01		$4,182		1.30	%		0.55	%	to	1.55	%		0.29	%	to	0.68	%⁽⁷⁾
2021		1,591		$3.39	to	$2.71		$5,001		1.56	%		0.55	%	to	1.45	%		32.31	%	to	31.13	%
2020		1,919		$2.56	to	$2.06		$4,570		2.16	%		0.55	%	to	1.45	%		(1.63	%)	to	(2.51	%)
2019		2,141		$2.60	to	$2.12		$5,189		1.70	%		0.55	%	to	1.45	%		24.26	%	to	23.14	%
Invesco VI Core Eq, Ser I
2023		1,102		$4.90	to	$4.90		$5,425		0.74	%		1.25	%	to	1.25	%		21.84	%	to	21.84	%
2022		1,202		$4.02	to	$4.02		$4,858		0.91	%		1.25	%	to	1.25	%		(21.53	%)	to	(21.53	%)
2021		1,288		$5.13	to	$5.13		$6,637		0.66	%		1.25	%	to	1.25	%		26.15	%	to	26.15	%
2020		1,403		$4.06	to	$4.06		$5,731		1.30	%		1.25	%	to	1.25	%		12.44	%	to	12.44	%
2019		1,662		$3.61	to	$3.61		$6,038		0.94	%		1.25	%	to	1.25	%		27.36	%	to	27.36	%
Invesco VI Core Plus Bond, Ser II
2023		427		$0.99	to	$0.98		$422		4.13	%		0.65	%	to	1.55	%		5.16	%	to	4.23	%
2022		124		$0.95	to	$0.94		$118		0.98	%		0.65	%	to	1.55	%		(4.93	%)⁽⁷⁾	to	(5.50	%)⁽⁷⁾
Invesco VI Dis Mid Cap Gro, Ser I
2023		495		$1.37	to	$1.35		$678		—			0.75	%	to	1.20	%		12.31	%	to	11.81	%
2022		499		$1.22	to	$1.21		$609		—			0.75	%	to	1.20	%		(31.50	%)	to	(31.80	%)
2021		565		$1.78	to	$1.77		$1,006		—			0.75	%	to	1.20	%		18.21	%	to	17.68	%
2020		582		$1.51	to	$1.50		$878		0.05	%		0.75	%	to	1.20	%		50.82	%⁽⁵⁾	to	50.36	%⁽⁵⁾



136		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Invesco VI Dis Mid Cap Gro, Ser II
2023		311		$1.37	to	$1.32		$419		—			0.55	%	to	1.45	%		12.23	%	to	11.23	%
2022		317		$1.22	to	$1.19		$383		—			0.55	%	to	1.45	%		(31.51	%)	to	(32.12	%)
2021		356		$1.78	to	$1.75		$631		—			0.55	%	to	1.45	%		18.14	%	to	17.08	%
2020		460		$1.51	to	$1.50		$692		—			0.55	%	to	1.45	%		50.65	%⁽⁵⁾	to	49.72	%⁽⁵⁾
Invesco VI Div Divd, Ser I
2023		263		$2.84	to	$2.61		$707		2.05	%		0.55	%	to	1.20	%		8.45	%	to	7.75	%
2022		262		$2.62	to	$2.43		$652		1.81	%		0.55	%	to	1.20	%		(2.22	%)	to	(2.85	%)
2021		293		$2.68	to	$2.50		$751		2.16	%		0.55	%	to	1.20	%		18.24	%	to	17.48	%
2020		310		$2.26	to	$2.13		$676		2.99	%		0.55	%	to	1.20	%		(0.41	%)	to	(1.05	%)
2019		353		$2.27	to	$2.15		$775		2.79	%		0.55	%	to	1.20	%		24.40	%	to	23.60	%
Invesco VI Div Divd, Ser II
2023		109		$2.65	to	$2.45		$283		1.70	%		0.85	%	to	1.45	%		7.85	%	to	7.21	%
2022		121		$2.45	to	$2.29		$294		1.32	%		0.85	%	to	1.45	%		(2.75	%)	to	(3.33	%)
2021		184		$2.52	to	$2.37		$459		1.81	%		0.85	%	to	1.45	%		17.59	%	to	16.89	%
2020		256		$2.15	to	$2.03		$546		2.59	%		0.85	%	to	1.45	%		(0.98	%)	to	(1.57	%)
2019		370		$2.17	to	$2.06		$797		2.55	%		0.85	%	to	1.45	%		23.72	%	to	22.98	%
Invesco VI EQV Intl Eq, Ser II
2023		873		$2.48	to	$1.86		$1,946		—			0.55	%	to	1.45	%		17.22	%	to	16.17	%
2022		968		$2.12	to	$1.60		$1,851		1.35	%		0.55	%	to	1.45	%		(18.95	%)	to	(19.68	%)
2021		1,176		$2.61	to	$2.00		$2,784		1.05	%		0.55	%	to	1.45	%		5.03	%	to	4.09	%
2020		1,261		$2.49	to	$1.92		$2,857		2.09	%		0.55	%	to	1.45	%		13.12	%	to	12.10	%
2019		1,476		$2.20	to	$1.71		$2,958		1.21	%		0.55	%	to	1.45	%		27.54	%	to	26.39	%
Invesco VI Global, Ser II
2023		2,316		$4.08	to	$2.11		$7,899		—			0.55	%	to	1.85	%		33.71	%	to	31.99	%
2022		2,662		$3.05	to	$1.60		$6,813		—			0.55	%	to	1.85	%		(32.31	%)	to	(33.18	%)
2021		2,550		$4.50	to	$2.39		$9,730		—			0.55	%	to	1.85	%		14.54	%	to	13.06	%
2020		2,646		$3.93	to	$2.12		$8,833		0.45	%		0.55	%	to	1.85	%		26.64	%	to	25.00	%
2019		2,703		$3.10	to	$1.69		$7,163		0.64	%		0.55	%	to	1.85	%		30.73	%	to	29.05	%
Invesco VI Gbl Strat Inc, Ser II
2023		4,315		$1.66	to	$0.91		$6,451		—			0.55	%	to	1.85	%		8.01	%	to	6.61	%
2022		4,643		$1.53	to	$0.85		$6,457		—			0.55	%	to	1.85	%		(12.20	%)	to	(13.33	%)
2021		5,314		$1.75	to	$0.98		$8,438		4.25	%		0.55	%	to	1.85	%		(4.09	%)	to	(5.34	%)
2020		5,727		$1.82	to	$1.04		$9,534		5.27	%		0.55	%	to	1.85	%		2.43	%	to	1.10	%
2019		6,615		$1.78	to	$1.02		$10,763		3.38	%		0.55	%	to	1.85	%		10.00	%	to	8.58	%
Invesco VI Hlth, Ser II
2023		418		$3.30	to	$2.98		$1,334		—			0.55	%	to	1.45	%		2.20	%	to	1.29	%
2022		463		$3.23	to	$2.94		$1,457		—			0.55	%	to	1.45	%		(14.01	%)	to	(14.78	%)
2021		434		$3.75	to	$3.45		$1,599		0.00	%		0.55	%	to	1.45	%		11.43	%	to	10.43	%
2020		479		$3.37	to	$3.12		$1,595		0.09	%		0.55	%	to	1.45	%		13.57	%	to	12.56	%
2019		567		$2.96	to	$2.77		$1,677		—			0.55	%	to	1.45	%		31.46	%	to	30.28	%
Invesco VI Main St, Ser II
2023		91		$1.76	to	$1.69		$160		0.48	%		0.85	%	to	1.45	%		21.79	%	to	21.07	%
2022		102		$1.45	to	$1.40		$147		0.90	%		0.85	%	to	1.45	%		(20.98	%)	to	(21.45	%)
2021		149		$1.83	to	$1.78		$272		0.46	%		0.85	%	to	1.45	%		26.15	%	to	25.41	%
2020		189		$1.45	to	$1.42		$274		1.19	%		0.85	%	to	1.45	%		12.73	%	to	12.06	%
2019		216		$1.29	to	$1.27		$278		0.84	%		0.85	%	to	1.45	%		30.62	%	to	29.84	%
Invesco VI Mn St Sm Cap, Ser II
2023		1,594		$4.53	to	$2.31		$6,254		0.97	%		0.55	%	to	1.85	%		17.18	%	to	15.66	%
2022		1,517		$3.86	to	$2.00		$5,129		0.26	%		0.55	%	to	1.85	%		(16.50	%)	to	(17.58	%)
2021		1,470		$4.63	to	$2.42		$5,972		0.18	%		0.55	%	to	1.85	%		21.59	%	to	20.02	%
2020		1,530		$3.80	to	$2.02		$5,132		0.37	%		0.55	%	to	1.85	%		18.98	%	to	17.44	%
2019		1,590		$3.20	to	$1.72		$4,494		—			0.55	%	to	1.85	%		25.44	%	to	23.82	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			137


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Invesco VI Tech, Ser I
2023		361		$5.03	to	$5.87		$1,225		—			0.55	%	to	1.20	%		46.14	%	to	45.20	%
2022		367		$3.44	to	$4.05		$859		—			0.55	%	to	1.20	%		(40.28	%)	to	(40.67	%)
2021		407		$5.77	to	$6.82		$1,603		—			0.55	%	to	1.20	%		13.79	%	to	13.05	%
2020		463		$5.07	to	$6.03		$1,610		—			0.55	%	to	1.20	%		45.31	%	to	44.37	%
2019		484		$3.49	to	$4.18		$1,175		—			0.55	%	to	1.20	%		35.13	%	to	34.26	%
Invesco VI Tech, Ser II
2023		428		$1.17	to	$1.15		$502		—			0.65	%	to	1.55	%		45.77	%	to	44.47	%
2022		31		$0.80	to	$0.80		$26		—			0.65	%	to	1.55	%		(20.88	%)⁽⁷⁾	to	(21.36	%)⁽⁷⁾
Janus Henderson VIT Bal, Serv
2023		11,653		$1.51	to	$1.40		$17,022		1.85	%		0.55	%	to	1.85	%		14.50	%	to	13.03	%
2022		10,241		$1.32	to	$1.24		$13,133		1.02	%		0.55	%	to	1.85	%		(17.07	%)	to	(18.14	%)
2021		9,219		$1.59	to	$1.52		$14,328		0.70	%		0.55	%	to	1.85	%		16.27	%	to	14.76	%
2020		6,794		$1.37	to	$1.32		$9,148		1.59	%		0.55	%	to	1.85	%		13.40	%	to	11.94	%
2019		4,944		$1.21	to	$1.18		$5,909		1.82	%		0.55	%	to	1.85	%		21.60	%	to	20.04	%
Janus Henderson VIT Enter, Serv
2023		163		$2.97	to	$2.83		$472		0.09	%		0.75	%	to	0.95	%		16.90	%	to	16.66	%
2022		182		$2.54	to	$2.43		$453		0.07	%		0.75	%	to	0.95	%		(16.78	%)	to	(16.94	%)
2021		345		$3.05	to	$2.92		$1,027		0.25	%		0.75	%	to	0.95	%		15.67	%	to	15.44	%
2020		392		$2.64	to	$2.53		$1,012		—			0.75	%	to	0.95	%		18.29	%	to	18.06	%
2019		428		$2.23	to	$2.15		$937		0.05	%		0.75	%	to	0.95	%		34.15	%	to	33.88	%
Janus Henderson VIT Flex Bd, Serv
2023		2,056		$1.10	to	$0.96		$2,141		3.86	%		0.55	%	to	1.85	%		4.71	%	to	3.36	%
2022		1,503		$1.05	to	$0.93		$1,504		1.97	%		0.55	%	to	1.85	%		(14.36	%)	to	(15.47	%)
2021		1,522		$1.23	to	$1.10		$1,789		1.70	%		0.55	%	to	1.85	%		(1.65	%)	to	(2.93	%)
2020		1,182		$1.25	to	$1.13		$1,420		2.48	%		0.55	%	to	1.85	%		9.64	%	to	8.22	%
2019		1,111		$1.14	to	$1.04		$1,222		3.01	%		0.55	%	to	1.85	%		8.68	%	to	7.27	%
Janus Henderson VIT Forty, Serv
2023		145		$1.20	to	$1.18		$176		0.19	%		0.65	%	to	1.55	%		38.75	%	to	37.51	%
2022		45		$0.87	to	$0.86		$41		0.19	%		0.65	%	to	1.55	%		(14.36	%)⁽⁷⁾	to	(14.87	%)⁽⁷⁾
Janus Hend VIT Gbl Tech Innov, Srv
2023		482		$1.31	to	$1.29		$1,217		—			0.65	%	to	1.55	%		53.28	%	to	51.91	%
2022		317		$0.86	to	$0.85		$697		—			0.65	%	to	1.55	%		(15.76	%)⁽⁷⁾	to	(16.26	%)⁽⁷⁾
2021		436		$3.80	to	$12.53		$1,647		0.12	%		0.75	%	to	1.20	%		16.87	%	to	16.34	%
2020		455		$3.25	to	$10.77		$1,470		—			0.75	%	to	1.20	%		49.60	%	to	48.93	%
2019		484		$2.17	to	$7.23		$1,052		—			0.75	%	to	1.20	%		43.74	%	to	43.09	%
Janus Henderson VIT Overseas, Serv
2023		566		$1.10	to	$1.09		$1,133		1.43	%		0.65	%	to	1.55	%		9.87	%	to	8.89	%
2022		506		$1.00	to	$1.00		$961		1.70	%		0.65	%	to	1.55	%		0.31	%⁽⁷⁾	to	(0.29	%)⁽⁷⁾
2021		514		$2.16	to	$3.98		$1,111		1.01	%		0.75	%	to	1.20	%		12.44	%	to	11.94	%
2020		559		$1.92	to	$3.56		$1,071		1.22	%		0.75	%	to	1.20	%		15.15	%	to	14.64	%
2019		611		$1.67	to	$3.10		$1,016		1.80	%		0.75	%	to	1.20	%		25.76	%	to	25.20	%
Janus Henderson VIT Res, Serv
2023		797		$4.17	to	$3.12		$3,112		0.06	%		0.55	%	to	1.85	%		42.03	%	to	40.20	%
2022		902		$2.94	to	$2.23		$2,493		—			0.55	%	to	1.85	%		(30.45	%)	to	(31.34	%)
2021		928		$4.23	to	$3.24		$3,716		0.02	%		0.55	%	to	1.85	%		19.39	%	to	17.85	%
2020		993		$3.54	to	$2.75		$3,345		0.22	%		0.55	%	to	1.85	%		31.85	%	to	30.15	%
2019		1,244		$2.68	to	$2.11		$3,183		0.30	%		0.55	%	to	1.85	%		34.48	%	to	32.74	%
Lazard Ret Emer Mkts Eq, Serv
2023		11		$1.13	to	$1.11		$14		7.39	%		0.65	%	to	1.55	%		21.48	%	to	20.40	%
2022		—		$0.93	to	$0.93		$2		5.35	%		0.65	%	to	1.55	%		(6.40	%)⁽⁷⁾	to	(6.96	%)⁽⁷⁾



138		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Lazard Ret Global Dyn MA, Serv
2023		724		$1.54	to	$1.34		$1,045		—			0.55	%	to	1.85	%		10.20	%	to	8.79	%
2022		764		$1.40	to	$1.23		$1,007		0.08	%		0.55	%	to	1.85	%		(17.84	%)	to	(18.90	%)
2021		758		$1.70	to	$1.52		$1,224		2.86	%		0.55	%	to	1.85	%		11.32	%	to	9.88	%
2020		671		$1.53	to	$1.38		$980		0.67	%		0.55	%	to	1.85	%		0.26	%	to	(1.03	%)
2019		319		$1.53	to	$1.40		$473		0.05	%		0.55	%	to	1.85	%		17.14	%	to	15.63	%
Lord Abt Bond Debenture, Cl VC
2023		558		$1.01	to	$0.99		$559		10.08	%		0.65	%	to	1.55	%		5.87	%	to	4.91	%
2022		89		$0.95	to	$0.95		$85		14.18	%		0.65	%	to	1.55	%		(4.49	%)⁽⁷⁾	to	(5.05	%)⁽⁷⁾
Lord Abt Short Dur Inc, Cl VC
2023		363		$1.02	to	$1.01		$370		6.24	%		0.65	%	to	1.55	%		4.38	%	to	3.45	%
2022		183		$0.98	to	$0.97		$180		9.07	%		0.65	%	to	1.55	%		(1.84	%)⁽⁷⁾	to	(2.43	%)⁽⁷⁾
LVIP JPM US Eq, Serv Cl
2023		153		$1.17	to	$1.15		$180		1.02	%		0.65	%	to	1.55	%		16.04	%⁽⁸⁾	to	15.34	%⁽⁸⁾
MFS Gbl Real Est, Serv Cl
2023		135		$0.90	to	$0.89		$122		0.61	%		0.65	%	to	1.55	%		10.49	%	to	9.50	%
2022		44		$0.82	to	$0.81		$37		1.77	%		0.65	%	to	1.55	%		(16.74	%)⁽⁷⁾	to	(17.24	%)⁽⁷⁾
MFS Intl Gro, Serv Cl
2023		115		$1.11	to	$1.10		$128		1.00	%		0.65	%	to	1.55	%		13.66	%	to	12.66	%
2022		47		$0.98	to	$0.97		$47		0.07	%		0.65	%	to	1.55	%		(1.98	%)⁽⁷⁾	to	(2.56	%)⁽⁷⁾
MFS Mass Inv Gro Stock, Serv Cl
2023		1,301		$2.73	to	$2.52		$3,436		0.05	%		0.55	%	to	1.45	%		23.02	%	to	21.93	%
2022		1,402		$2.22	to	$2.07		$3,024		—			0.55	%	to	1.45	%		(19.89	%)	to	(20.61	%)
2021		1,619		$2.77	to	$2.61		$4,378		0.03	%		0.55	%	to	1.45	%		24.97	%	to	23.85	%
2020		1,830		$2.22	to	$2.10		$3,976		0.22	%		0.55	%	to	1.45	%		21.53	%	to	20.44	%
2019		1,956		$1.82	to	$1.75		$3,510		0.35	%		0.55	%	to	1.45	%		38.82	%	to	37.58	%
MFS New Dis, Serv Cl
2023		410		$4.76	to	$5.32		$1,484		—			0.55	%	to	1.20	%		13.63	%	to	12.90	%
2022		444		$4.19	to	$4.71		$1,393		—			0.55	%	to	1.20	%		(30.38	%)	to	(30.83	%)
2021		491		$6.02	to	$6.81		$2,211		—			0.55	%	to	1.20	%		1.02	%	to	0.36	%
2020		555		$5.96	to	$6.78		$2,478		—			0.55	%	to	1.20	%		44.78	%	to	43.85	%
2019		632		$4.12	to	$4.72		$1,949		—			0.55	%	to	1.20	%		40.50	%	to	39.59	%
MFS Research Intl, Serv Cl
2023		28		$1.08	to	$1.07		$32		1.27	%		0.65	%	to	1.55	%		12.09	%	to	11.10	%
2022		4		$0.97	to	$0.96		$5		1.63	%		0.65	%	to	1.55	%		(3.09	%)⁽⁷⁾	to	(3.66	%)⁽⁷⁾
MFS Utilities, Serv Cl
2023		1,513		$4.59	to	$1.59		$6,055		3.34	%		0.55	%	to	1.85	%		(2.86	%)	to	(4.12	%)
2022		1,416		$4.72	to	$1.66		$5,905		2.22	%		0.55	%	to	1.85	%		(0.07	%)	to	(1.36	%)
2021		1,358		$4.72	to	$1.68		$5,742		1.55	%		0.55	%	to	1.85	%		13.20	%	to	11.74	%
2020		1,420		$4.17	to	$1.50		$5,225		2.19	%		0.55	%	to	1.85	%		5.04	%	to	3.68	%
2019		1,824		$3.97	to	$1.45		$6,297		3.77	%		0.55	%	to	1.85	%		24.12	%	to	22.51	%
MS VIF Dis, Cl II
2023		1,076		$3.79	to	$2.29		$3,998		—			0.55	%	to	1.85	%		43.34	%	to	41.50	%
2022		1,012		$2.64	to	$1.62		$2,615		—			0.55	%	to	1.85	%		(63.17	%)	to	(63.65	%)
2021		835		$7.18	to	$4.46		$5,880		—			0.55	%	to	1.85	%		(11.68	%)	to	(12.83	%)
2020		700		$8.13	to	$5.11		$5,636		—			0.55	%	to	1.85	%		150.66	%	to	147.43	%
2019		710		$3.24	to	$2.07		$2,267		—			0.55	%	to	1.85	%		39.20	%	to	37.40	%
MS VIF Global Real Est, Cl II
2023		384		$1.40	to	$1.22		$508		1.94	%		0.55	%	to	1.45	%		9.87	%	to	8.88	%
2022		438		$1.27	to	$1.12		$530		4.50	%		0.55	%	to	1.45	%		(26.60	%)	to	(27.26	%)
2021		462		$1.73	to	$1.54		$765		2.37	%		0.55	%	to	1.45	%		23.16	%	to	22.05	%
2020		579		$1.41	to	$1.26		$780		4.33	%		0.55	%	to	1.45	%		(15.32	%)	to	(16.08	%)
2019		688		$1.66	to	$1.50		$1,099		2.72	%		0.55	%	to	1.45	%		17.41	%	to	16.35	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			139


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
NB AMT Intl Eq, Cl S
2023		359		$1.53	to	$1.49		$551		0.05	%		0.55	%	to	1.45	%		12.67	%	to	11.66	%
2022		432		$1.36	to	$1.33		$588		1.59	%		0.55	%	to	1.45	%		(23.11	%)	to	(23.81	%)
2021		443		$1.77	to	$1.75		$785		0.32	%		0.55	%	to	1.45	%		12.73	%	to	11.72	%
2020		459		$1.57	to	$1.57		$721		0.50	%		0.55	%	to	1.45	%		11.96	%	to	10.95	%
2019		506		$1.40	to	$1.41		$711		0.15	%		0.55	%	to	1.45	%		26.98	%	to	25.85	%
NB AMT Sus Eq, Cl S
2023		339		$1.18	to	$2.49		$1,303		0.08	%		0.65	%	to	1.85	%		25.75	%	to	24.26	%
2022		323		$0.94	to	$2.01		$995		0.12	%		0.65	%	to	1.85	%		(6.56	%)⁽⁷⁾	to	(20.14	%)
2021		296		$3.92	to	$2.51		$1,130		0.19	%		0.85	%	to	1.85	%		22.12	%	to	20.90	%
2020		203		$3.21	to	$2.08		$636		0.36	%		0.85	%	to	1.85	%		18.27	%	to	17.09	%
2019		299		$2.71	to	$1.78		$788		0.30	%		0.85	%	to	1.85	%		24.51	%	to	23.28	%
NB AMT US Eq Index PW Strat, Cl S
2023		182		$1.32	to	$1.17		$231		—			0.55	%	to	1.85	%		14.37	%	to	12.90	%
2022		140		$1.16	to	$1.04		$157		—			0.55	%	to	1.85	%		(11.77	%)	to	(12.91	%)
2021		103		$1.31	to	$1.19		$131		0.30	%		0.55	%	to	1.85	%		17.31	%	to	15.78	%
2020		104		$1.12	to	$1.03		$115		0.88	%		0.55	%	to	1.85	%		7.67	%	to	6.26	%
2019		127		$1.04	to	$0.97		$130		0.12	%		0.55	%	to	1.85	%		14.62	%	to	13.15	%
PIMCO VIT All Asset, Advisor Cl
2023		1,661		$2.04	to	$1.18		$3,147		2.84	%		0.55	%	to	1.85	%		7.41	%	to	6.04	%
2022		1,796		$1.90	to	$1.12		$3,173		7.52	%		0.55	%	to	1.85	%		(12.35	%)	to	(13.49	%)
2021		2,042		$2.17	to	$1.29		$4,146		10.88	%		0.55	%	to	1.85	%		15.41	%	to	13.91	%
2020		2,152		$1.88	to	$1.13		$3,804		4.83	%		0.55	%	to	1.85	%		7.32	%	to	5.93	%
2019		2,578		$1.75	to	$1.07		$4,271		2.76	%		0.55	%	to	1.85	%		11.13	%	to	9.70	%
PIMCO VIT Glb Man As Alloc, Adv Cl
2023		194		$1.48	to	$1.24		$272		2.13	%		0.55	%	to	1.85	%		12.24	%	to	10.79	%
2022		221		$1.32	to	$1.12		$278		1.80	%		0.55	%	to	1.85	%		(18.84	%)	to	(19.88	%)
2021		272		$1.63	to	$1.40		$422		2.37	%		0.55	%	to	1.85	%		11.98	%	to	10.53	%
2020		229		$1.45	to	$1.26		$319		7.98	%		0.55	%	to	1.85	%		16.06	%	to	14.57	%
2019		184		$1.25	to	$1.10		$224		2.15	%		0.55	%	to	1.85	%		16.33	%	to	14.81	%
PIMCO VIT Tot Return, Advisor Cl
2023		7,250		$1.07	to	$0.93		$7,369		3.48	%		0.55	%	to	1.85	%		5.25	%	to	3.89	%
2022		6,351		$1.02	to	$0.90		$6,166		2.53	%		0.55	%	to	1.85	%		(14.85	%)	to	(15.95	%)
2021		5,837		$1.19	to	$1.07		$6,676		1.73	%		0.55	%	to	1.85	%		(1.91	%)	to	(3.17	%)
2020		4,922		$1.22	to	$1.10		$5,772		1.99	%		0.55	%	to	1.85	%		7.94	%	to	6.56	%
2019		3,320		$1.13	to	$1.03		$3,632		2.87	%		0.55	%	to	1.85	%		7.66	%	to	6.26	%
Put VT Global Hlth Care, Cl IB
2023		390		$5.21	to	$1.09		$1,336		0.29	%		0.55	%	to	1.55	%		8.53	%	to	7.47	%
2022		291		$4.80	to	$1.01		$1,191		0.41	%		0.55	%	to	1.55	%		(5.20	%)	to	2.06	%⁽⁷⁾
2021		291		$5.07	to	$5.14		$1,331		1.09	%		0.55	%	to	1.20	%		18.74	%	to	17.98	%
2020		313		$4.27	to	$4.36		$1,215		0.49	%		0.55	%	to	1.20	%		15.65	%	to	14.89	%
2019		354		$3.69	to	$3.79		$1,191		—			0.55	%	to	1.20	%		29.57	%	to	28.74	%
Put VT Intl Eq, Cl IB
2023		201		$2.12	to	$2.56		$448		0.04	%		0.55	%	to	1.20	%		17.86	%	to	17.10	%
2022		205		$1.80	to	$2.19		$389		1.63	%		0.55	%	to	1.20	%		(15.23	%)	to	(15.79	%)
2021		264		$2.12	to	$2.60		$592		1.16	%		0.55	%	to	1.20	%		8.23	%	to	7.52	%
2020		270		$1.96	to	$2.42		$560		1.58	%		0.55	%	to	1.20	%		11.48	%	to	10.76	%
2019		284		$1.76	to	$2.18		$532		1.39	%		0.55	%	to	1.20	%		24.47	%	to	23.66	%
Put VT Intl Val, Cl IB
2023		25		$1.20	to	$1.18		$31		1.17	%		0.65	%	to	1.55	%		17.91	%	to	16.87	%
2022		12		$1.02	to	$1.01		$13		—			0.65	%	to	1.55	%		1.80	%⁽⁷⁾	to	1.19	%⁽⁷⁾
Put VT Lg Cap Val, Cl IB
2023		519		$1.16	to	$1.14		$598		1.60	%		0.65	%	to	1.55	%		14.91	%	to	13.90	%
2022		86		$1.01	to	$1.00		$89		—			0.65	%	to	1.55	%		0.54	%⁽⁷⁾	to	(0.06	%)⁽⁷⁾



140		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Put VT Sus Fut, Cl IB
2023		9		$1.12	to	$1.10		$12		—			0.65	%	to	1.55	%		27.69	%	to	26.55	%
2022		7		$0.88	to	$0.87		$8		—			0.65	%	to	1.55	%		(12.79	%)⁽⁷⁾	to	(13.31	%)⁽⁷⁾
Put VT Sus Leaders, Cl IA
2023		1,143		$5.81	to	$5.81		$6,690		0.75	%		1.25	%	to	1.25	%		24.85	%	to	24.85	%
2022		1,302		$4.66	to	$4.66		$6,061		0.83	%		1.25	%	to	1.25	%		(23.68	%)	to	(23.68	%)
2021		1,365		$6.10	to	$6.10		$8,337		0.34	%		1.25	%	to	1.25	%		22.30	%	to	22.30	%
2020		1,518		$4.99	to	$4.99		$7,581		0.63	%		1.25	%	to	1.25	%		27.46	%	to	27.46	%
2019		1,596		$3.91	to	$3.91		$6,258		0.69	%		1.25	%	to	1.25	%		35.02	%	to	35.02	%
Put VT Sus Leaders, Cl IB
2023		190		$5.22	to	$1.15		$930		0.52	%		0.55	%	to	1.55	%		25.42	%	to	24.17	%
2022		211		$4.16	to	$0.93		$828		0.55	%		0.55	%	to	1.55	%		(23.33	%)	to	(7.80	%)⁽⁷⁾
2021		212		$5.43	to	$5.04		$1,112		0.14	%		0.55	%	to	1.20	%		22.85	%	to	22.06	%
2020		257		$4.42	to	$4.13		$1,101		0.41	%		0.55	%	to	1.20	%		28.19	%	to	27.36	%
2019		271		$3.45	to	$3.24		$910		0.45	%		0.55	%	to	1.20	%		35.61	%	to	34.73	%
Royce Micro-Cap, Invest Cl
2023		65		$5.12	to	$4.89		$319		—			0.75	%	to	0.95	%		17.90	%	to	17.66	%
2022		68		$4.34	to	$4.16		$286		—			0.75	%	to	0.95	%		(23.01	%)	to	(23.17	%)
2021		69		$5.64	to	$5.41		$377		—			0.75	%	to	0.95	%		29.01	%	to	28.75	%
2020		73		$4.37	to	$4.20		$309		—			0.75	%	to	0.95	%		22.87	%	to	22.62	%
2019		74		$3.56	to	$3.43		$257		—			0.75	%	to	0.95	%		18.66	%	to	18.42	%
Temp Global Bond, Cl 2
2023		1,569		$0.87	to	$0.76		$1,290		—			0.55	%	to	1.85	%		2.32	%	to	1.00	%
2022		1,593		$0.85	to	$0.75		$1,288		—			0.55	%	to	1.85	%		(5.47	%)	to	(6.69	%)
2021		1,817		$0.90	to	$0.80		$1,563		—			0.55	%	to	1.85	%		(5.51	%)	to	(6.74	%)
2020		1,739		$0.95	to	$0.86		$1,593		8.65	%		0.55	%	to	1.85	%		(5.79	%)	to	(7.02	%)
2019		1,835		$1.01	to	$0.93		$1,795		7.03	%		0.55	%	to	1.85	%		1.45	%	to	0.14	%
Third Ave VST Third Ave Value
2023		134		$4.13	to	$3.94		$535		2.39	%		0.75	%	to	0.95	%		19.91	%	to	19.67	%
2022		138		$3.44	to	$3.29		$460		1.51	%		0.75	%	to	0.95	%		15.24	%	to	15.01	%
2021		152		$2.99	to	$2.86		$440		0.69	%		0.75	%	to	0.95	%		21.15	%	to	20.91	%
2020		170		$2.46	to	$2.37		$408		2.73	%		0.75	%	to	0.95	%		(3.12	%)	to	(3.32	%)
2019		176		$2.54	to	$2.45		$435		0.26	%		0.75	%	to	0.95	%		11.62	%	to	11.40	%
VanEck VIP Global Gold, Cl S
2023		879		$1.14	to	$0.99		$948		—			0.55	%	to	1.85	%		9.80	%	to	8.39	%
2022		919		$1.04	to	$0.92		$912		—			0.55	%	to	1.85	%		(13.83	%)	to	(14.95	%)
2021		870		$1.21	to	$1.08		$1,007		12.12	%		0.55	%	to	1.85	%		(14.48	%)	to	(15.59	%)
2020		824		$1.41	to	$1.28		$1,121		2.77	%		0.55	%	to	1.85	%		37.87	%	to	36.09	%
2019		697		$1.02	to	$0.94		$691		—			0.55	%	to	1.85	%		37.98	%	to	36.20	%
VP Aggr, Cl 2
2023		15,686		$2.61	to	$1.72		$38,376		—			0.55	%	to	1.85	%		16.58	%	to	15.08	%
2022		16,718		$2.24	to	$1.50		$35,279		—			0.55	%	to	1.85	%		(18.63	%)	to	(19.68	%)
2021		16,955		$2.75	to	$1.86		$44,160		—			0.55	%	to	1.85	%		15.12	%	to	13.64	%
2020		18,239		$2.39	to	$1.64		$41,514		—			0.55	%	to	1.85	%		14.36	%	to	12.88	%
2019		20,199		$2.09	to	$1.45		$40,401		—			0.55	%	to	1.85	%		20.92	%	to	19.36	%
VP Aggr, Cl 4
2023		14,522		$2.61	to	$2.31		$36,000		—			0.55	%	to	1.45	%		16.55	%	to	15.51	%
2022		15,642		$2.24	to	$2.00		$33,390		—			0.55	%	to	1.45	%		(18.64	%)	to	(19.36	%)
2021		18,122		$2.75	to	$2.48		$47,715		—			0.55	%	to	1.45	%		15.14	%	to	14.11	%
2020		19,366		$2.39	to	$2.17		$44,453		—			0.55	%	to	1.45	%		14.33	%	to	13.30	%
2019		21,213		$2.09	to	$1.92		$42,749		—			0.55	%	to	1.45	%		21.01	%	to	19.93	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			141


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾		Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
VP Conserv, Cl 2
2023		18,854		$1.43	to	$1.06		$25,120		—		0.55	%	to	1.85	%		7.87	%	to	6.48	%
2022		21,163		$1.32	to	$0.99		$26,274		—		0.55	%	to	1.85	%		(16.01	%)	to	(17.09	%)
2021		22,117		$1.57	to	$1.20		$32,802		—		0.55	%	to	1.85	%		2.25	%	to	0.93	%
2020		25,323		$1.54	to	$1.19		$36,941		—		0.55	%	to	1.85	%		8.70	%	to	7.30	%
2019		23,857		$1.42	to	$1.10		$32,225		—		0.55	%	to	1.85	%		10.14	%	to	8.72	%
VP Conserv, Cl 4
2023		15,567		$1.43	to	$1.26		$20,855		—		0.55	%	to	1.45	%		7.80	%	to	6.84	%
2022		17,532		$1.32	to	$1.18		$21,890		—		0.55	%	to	1.45	%		(15.96	%)	to	(16.71	%)
2021		16,983		$1.57	to	$1.42		$25,375		—		0.55	%	to	1.45	%		2.25	%	to	1.34	%
2020		20,061		$1.54	to	$1.40		$29,429		—		0.55	%	to	1.45	%		8.64	%	to	7.66	%
2019		20,623		$1.42	to	$1.30		$27,973		—		0.55	%	to	1.45	%		10.14	%	to	9.15	%
VP Man Risk, Cl 2
2023		7,809		$1.22	to	$1.12		$9,266		—		0.55	%	to	1.85	%		11.64	%	to	10.20	%
2022		8,136		$1.09	to	$1.02		$8,685		—		0.55	%	to	1.85	%		(17.84	%)	to	(18.90	%)
2021		8,335		$1.33	to	$1.26		$10,877		—		0.55	%	to	1.85	%		10.12	%	to	8.69	%
2020		8,161		$1.21	to	$1.16		$9,715		—		0.55	%	to	1.85	%		7.20	%	to	5.82	%
2019		7,592		$1.13	to	$1.09		$8,465		—		0.55	%	to	1.85	%		15.42	%	to	13.93	%
VP Man Risk US, Cl 2
2023		23,790		$1.36	to	$1.25		$31,480		—		0.55	%	to	1.85	%		13.92	%	to	12.45	%
2022		24,762		$1.19	to	$1.12		$28,892		—		0.55	%	to	1.85	%		(17.67	%)	to	(18.73	%)
2021		25,436		$1.45	to	$1.37		$36,209		—		0.55	%	to	1.85	%		12.72	%	to	11.26	%
2020		15,892		$1.29	to	$1.23		$20,146		—		0.55	%	to	1.85	%		9.19	%	to	7.78	%
2019		12,921		$1.18	to	$1.14		$15,064		—		0.55	%	to	1.85	%		17.67	%	to	16.15	%
VP Man Vol Conserv, Cl 2
2023		34,408		$1.19	to	$1.05		$39,368		—		0.55	%	to	1.85	%		7.28	%	to	5.89	%
2022		39,570		$1.11	to	$0.99		$42,398		—		0.55	%	to	1.85	%		(16.45	%)	to	(17.53	%)
2021		33,416		$1.33	to	$1.20		$43,039		—		0.55	%	to	1.85	%		2.06	%	to	0.74	%
2020		41,732		$1.30	to	$1.19		$52,930		—		0.55	%	to	1.85	%		7.53	%	to	6.14	%
2019		35,735		$1.21	to	$1.12		$42,317		—		0.55	%	to	1.85	%		11.30	%	to	9.86	%
VP Man Vol Conserv Gro, Cl 2
2023		59,027		$1.29	to	$1.16		$74,788		—		0.55	%	to	1.85	%		9.37	%	to	7.97	%
2022		69,475		$1.18	to	$1.08		$80,818		—		0.55	%	to	1.85	%		(17.52	%)	to	(18.58	%)
2021		78,230		$1.43	to	$1.32		$110,899		—		0.55	%	to	1.85	%		4.88	%	to	3.52	%
2020		78,589		$1.37	to	$1.28		$106,710		—		0.55	%	to	1.85	%		8.55	%	to	7.15	%
2019		78,613		$1.26	to	$1.19		$98,805		—		0.55	%	to	1.85	%		13.37	%	to	11.90	%
VP Man Vol Gro, Cl 2
2023		377,075		$1.51	to	$1.42		$584,260		—		0.55	%	to	1.85	%		13.96	%	to	12.50	%
2022		399,972		$1.32	to	$1.27		$545,865		—		0.55	%	to	1.85	%		(19.87	%)	to	(20.91	%)
2021		416,960		$1.65	to	$1.60		$713,185		—		0.55	%	to	1.85	%		11.28	%	to	9.84	%
2020		421,538		$1.48	to	$1.46		$650,069		—		0.55	%	to	1.85	%		10.69	%	to	9.26	%
2019		416,877		$1.34	to	$1.33		$582,691		—		0.55	%	to	1.85	%		17.61	%	to	16.09	%
VP Man Vol Mod Gro, Cl 2
2023		558,175		$1.41	to	$1.29		$828,769		—		0.55	%	to	1.85	%		11.66	%	to	10.22	%
2022		616,104		$1.26	to	$1.17		$820,314		—		0.55	%	to	1.85	%		(18.60	%)	to	(19.65	%)
2021		663,538		$1.55	to	$1.46		$1,089,495		—		0.55	%	to	1.85	%		8.10	%	to	6.71	%
2020		690,902		$1.43	to	$1.37		$1,053,891		—		0.55	%	to	1.85	%		9.77	%	to	8.35	%
2019		719,637		$1.31	to	$1.26		$1,004,403		—		0.55	%	to	1.85	%		15.53	%	to	14.04	%
VP Mod, Cl 2
2023		219,564		$1.99	to	$1.37		$409,453		—		0.55	%	to	1.85	%		12.34	%	to	10.90	%
2022		236,316		$1.77	to	$1.23		$394,023		—		0.55	%	to	1.85	%		(17.06	%)	to	(18.14	%)
2021		248,772		$2.13	to	$1.51		$502,487		—		0.55	%	to	1.85	%		8.41	%	to	7.01	%
2020		257,626		$1.97	to	$1.41		$482,331		—		0.55	%	to	1.85	%		12.25	%	to	10.80	%
2019		270,587		$1.75	to	$1.27		$453,343		—		0.55	%	to	1.85	%		15.50	%	to	14.00	%



142		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
VP Mod, Cl 4
2023		170,269		$1.99	to	$1.76		$320,952		—			0.55	%	to	1.45	%		12.32	%	to	11.32	%
2022		191,236		$1.77	to	$1.58		$322,209		—			0.55	%	to	1.45	%		(17.04	%)	to	(17.78	%)
2021		212,114		$2.14	to	$1.92		$432,673		—			0.55	%	to	1.45	%		8.45	%	to	7.47	%
2020		241,282		$1.97	to	$1.79		$455,609		—			0.55	%	to	1.45	%		12.17	%	to	11.17	%
2019		281,063		$1.76	to	$1.61		$474,916		—			0.55	%	to	1.45	%		15.54	%	to	14.50	%
VP Mod Aggr, Cl 2
2023		70,068		$2.28	to	$1.53		$149,960		—			0.55	%	to	1.85	%		14.31	%	to	12.83	%
2022		74,605		$1.99	to	$1.36		$140,345		—			0.55	%	to	1.85	%		(18.04	%)	to	(19.10	%)
2021		82,152		$2.43	to	$1.68		$189,530		—			0.55	%	to	1.85	%		11.69	%	to	10.25	%
2020		91,524		$2.18	to	$1.52		$190,173		—			0.55	%	to	1.85	%		13.41	%	to	11.94	%
2019		102,483		$1.92	to	$1.36		$188,684		—			0.55	%	to	1.85	%		18.06	%	to	16.53	%
VP Mod Aggr, Cl 4
2023		42,045		$2.28	to	$2.02		$90,878		—			0.55	%	to	1.45	%		14.28	%	to	13.26	%
2022		48,592		$2.00	to	$1.78		$92,293		—			0.55	%	to	1.45	%		(18.02	%)	to	(18.75	%)
2021		54,164		$2.43	to	$2.19		$125,938		—			0.55	%	to	1.45	%		11.72	%	to	10.72	%
2020		63,210		$2.18	to	$1.98		$132,160		—			0.55	%	to	1.45	%		13.39	%	to	12.37	%
2019		79,122		$1.92	to	$1.76		$146,514		—			0.55	%	to	1.45	%		18.10	%	to	17.04	%
VP Mod Conserv, Cl 2
2023		41,353		$1.68	to	$1.20		$64,998		—			0.55	%	to	1.85	%		9.90	%	to	8.48	%
2022		45,491		$1.53	to	$1.11		$65,321		—			0.55	%	to	1.85	%		(16.55	%)	to	(17.62	%)
2021		52,311		$1.83	to	$1.34		$90,527		—			0.55	%	to	1.85	%		5.16	%	to	3.80	%
2020		57,730		$1.74	to	$1.29		$95,549		—			0.55	%	to	1.85	%		10.40	%	to	8.97	%
2019		56,344		$1.58	to	$1.19		$84,862		—			0.55	%	to	1.85	%		12.89	%	to	11.43	%
VP Mod Conserv, Cl 4
2023		33,387		$1.68	to	$1.49		$53,039		—			0.55	%	to	1.45	%		9.88	%	to	8.90	%
2022		39,603		$1.53	to	$1.36		$57,450		—			0.55	%	to	1.45	%		(16.56	%)	to	(17.31	%)
2021		45,021		$1.83	to	$1.65		$78,614		—			0.55	%	to	1.45	%		5.21	%	to	4.26	%
2020		51,624		$1.74	to	$1.58		$86,036		—			0.55	%	to	1.45	%		10.38	%	to	9.39	%
2019		56,774		$1.58	to	$1.45		$86,070		—			0.55	%	to	1.45	%		12.87	%	to	11.86	%
VP Ptnrs Core Bond, Cl 2
2023		1,280		$1.00	to	$0.94		$1,434		2.57	%		0.65	%	to	1.85	%		5.37	%	to	4.12	%
2022		1,129		$0.95	to	$0.90		$1,204		1.48	%		0.65	%	to	1.85	%		(4.38	%)⁽⁷⁾	to	(15.18	%)
2021		880		$1.28	to	$1.06		$1,093		1.20	%		0.85	%	to	1.85	%		(2.25	%)	to	(3.23	%)
2020		722		$1.31	to	$1.09		$914		1.88	%		0.85	%	to	1.85	%		7.05	%	to	5.98	%
2019		580		$1.22	to	$1.03		$688		2.12	%		0.85	%	to	1.85	%		7.47	%	to	6.39	%
VP Ptnrs Core Eq, Cl 2
2023		316		$1.17	to	$2.46		$683		—			0.65	%	to	1.85	%		23.63	%	to	22.16	%
2022		273		$0.95	to	$2.01		$403		—			0.65	%	to	1.85	%		(5.67	%)⁽⁷⁾	to	(19.06	%)
2021		81		$3.73	to	$2.48		$291		—			0.85	%	to	1.85	%		28.09	%	to	26.81	%
2020		88		$2.91	to	$1.96		$246		—			0.85	%	to	1.85	%		15.74	%	to	14.59	%
2019		109		$2.52	to	$1.71		$263		—			0.85	%	to	1.85	%		25.14	%	to	23.89	%
VP Ptnrs Core Eq, Cl 3
2023		377		$3.39	to	$2.98		$1,209		—			0.55	%	to	1.45	%		23.87	%	to	22.76	%
2022		474		$2.74	to	$2.43		$1,231		—			0.55	%	to	1.45	%		(17.89	%)	to	(18.62	%)
2021		530		$3.33	to	$2.98		$1,686		—			0.55	%	to	1.45	%		28.63	%	to	27.48	%
2020		640		$2.59	to	$2.34		$1,593		—			0.55	%	to	1.45	%		16.20	%	to	15.16	%
2019		781		$2.23	to	$2.03		$1,681		—			0.55	%	to	1.45	%		25.69	%	to	24.56	%
VP Ptnrs Intl Core Eq, Cl 2
2023		777		$1.11	to	$1.19		$1,290		1.07	%		0.65	%	to	1.85	%		16.59	%	to	15.20	%
2022		623		$0.95	to	$1.04		$893		1.69	%		0.65	%	to	1.85	%		(4.64	%)⁽⁷⁾	to	(21.11	%)
2021		450		$1.84	to	$1.31		$811		1.56	%		0.85	%	to	1.85	%		12.22	%	to	11.10	%
2020		242		$1.64	to	$1.18		$389		0.20	%		0.85	%	to	1.85	%		10.02	%	to	8.92	%
2019		206		$1.49	to	$1.09		$301		2.57	%		0.85	%	to	1.85	%		17.40	%	to	16.24	%



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			143


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
VP Ptnrs Intl Gro, Cl 2
2023		1,305		$1.06	to	$1.28		$2,302		0.24	%		0.65	%	to	1.85	%		13.72	%	to	12.36	%
2022		1,292		$0.93	to	$1.14		$2,010		—			0.65	%	to	1.85	%		(6.74	%)⁽⁷⁾	to	(28.21	%)
2021		1,278		$2.21	to	$1.59		$2,746		—			0.85	%	to	1.85	%		9.40	%	to	8.31	%
2020		1,007		$2.02	to	$1.47		$1,985		0.09	%		0.85	%	to	1.85	%		21.26	%	to	20.05	%
2019		1,163		$1.67	to	$1.22		$1,891		0.96	%		0.85	%	to	1.85	%		25.29	%	to	24.05	%
VP Ptnrs Intl Val, Cl 2
2023		1,245		$1.14	to	$1.14		$1,703		1.91	%		0.65	%	to	1.85	%		16.21	%	to	14.83	%
2022		1,270		$0.98	to	$0.99		$1,500		2.10	%		0.65	%	to	1.85	%		(1.67	%)⁽⁷⁾	to	(13.37	%)
2021		1,093		$1.39	to	$1.15		$1,479		1.97	%		0.85	%	to	1.85	%		10.69	%	to	9.60	%
2020		846		$1.26	to	$1.05		$1,041		0.74	%		0.85	%	to	1.85	%		(4.95	%)	to	(5.89	%)
2019		955		$1.32	to	$1.11		$1,238		3.60	%		0.85	%	to	1.85	%		12.24	%	to	11.14	%
VP Ptnrs Sm Cap Gro, Cl 2
2023		643		$0.98	to	$1.59		$1,723		—			0.65	%	to	1.85	%		6.24	%	to	4.98	%
2022		565		$0.92	to	$1.52		$1,424		—			0.65	%	to	1.85	%		(9.37	%)⁽⁷⁾	to	(30.43	%)
2021		453		$3.71	to	$2.18		$1,623		—			0.85	%	to	1.85	%		7.11	%	to	6.04	%
2020		475		$3.46	to	$2.05		$1,591		—			0.85	%	to	1.85	%		37.26	%	to	35.90	%
2019		547		$2.52	to	$1.51		$1,341		—			0.85	%	to	1.85	%		19.92	%	to	18.73	%
VP Ptnrs Sm Cap Val, Cl 2
2023		388		$1.06	to	$1.56		$960		—			0.65	%	to	1.85	%		10.37	%	to	9.05	%
2022		333		$0.96	to	$1.43		$749		—			0.65	%	to	1.85	%		(4.24	%)⁽⁷⁾	to	(14.75	%)
2021		285		$2.68	to	$1.68		$742		—			0.85	%	to	1.85	%		22.71	%	to	21.49	%
2020		335		$2.19	to	$1.39		$715		—			0.85	%	to	1.85	%		3.11	%	to	2.08	%
2019		334		$2.12	to	$1.36		$694		—			0.85	%	to	1.85	%		18.52	%	to	17.34	%
VP Ptnrs Sm Cap Val, Cl 3
2023		694		$3.12	to	$2.34		$2,670		—			0.55	%	to	1.45	%		10.65	%	to	9.66	%
2022		751		$2.82	to	$2.13		$2,611		—			0.55	%	to	1.45	%		(13.54	%)	to	(14.31	%)
2021		839		$3.27	to	$2.49		$3,393		—			0.55	%	to	1.45	%		23.21	%	to	22.10	%
2020		1,062		$2.65	to	$2.04		$3,483		—			0.55	%	to	1.45	%		3.55	%	to	2.62	%
2019		1,189		$2.56	to	$1.99		$3,804		—			0.55	%	to	1.45	%		19.00	%	to	17.94	%
VP US Flex Conserv Gro, Cl 2
2023		19,422		$1.18	to	$1.16		$23,909		—			0.55	%	to	1.85	%		10.61	%	to	9.19	%
2022		20,016		$1.07	to	$1.07		$22,382		—			0.55	%	to	1.85	%		(17.19	%)	to	(18.26	%)
2021		22,654		$1.29	to	$1.30		$30,735		—			0.55	%	to	1.85	%		6.91	%	to	5.53	%
2020		27,322		$1.21	to	$1.24		$34,878		—			0.55	%	to	1.85	%		5.29	%	to	3.93	%
2019		19,470		$1.15	to	$1.19		$23,725		—			0.55	%	to	1.85	%		14.23	%	to	12.75	%
VP US Flex Gro, Cl 2
2023		160,487		$1.37	to	$1.43		$243,009		—			0.55	%	to	1.85	%		16.16	%	to	14.66	%
2022		165,012		$1.18	to	$1.24		$216,056		—			0.55	%	to	1.85	%		(19.17	%)	to	(20.22	%)
2021		164,863		$1.45	to	$1.56		$268,291		—			0.55	%	to	1.85	%		14.87	%	to	13.38	%
2020		150,582		$1.27	to	$1.37		$214,263		—			0.55	%	to	1.85	%		4.23	%	to	2.88	%
2019		120,102		$1.21	to	$1.34		$164,705		—			0.55	%	to	1.85	%		19.54	%	to	18.00	%
VP US Flex Mod Gro, Cl 2
2023		99,118		$1.28	to	$1.29		$136,107		—			0.55	%	to	1.85	%		13.24	%	to	11.79	%
2022		100,110		$1.13	to	$1.16		$121,920		—			0.55	%	to	1.85	%		(17.99	%)	to	(19.04	%)
2021		100,979		$1.38	to	$1.43		$150,643		—			0.55	%	to	1.85	%		10.86	%	to	9.43	%
2020		95,376		$1.24	to	$1.31		$128,964		—			0.55	%	to	1.85	%		4.95	%	to	3.60	%
2019		86,714		$1.18	to	$1.26		$112,220		—			0.55	%	to	1.85	%		16.93	%	to	15.42	%
Wanger Acorn
2023		1,691		$3.90	to	$1.10		$8,406		—			0.55	%	to	1.55	%		21.07	%	to	19.87	%
2022		1,848		$3.22	to	$0.92		$7,660		—			0.55	%	to	1.55	%		(33.83	%)	to	(9.83	%)⁽⁷⁾
2021		1,997		$4.86	to	$3.85		$12,517		0.73	%		0.55	%	to	1.45	%		8.30	%	to	7.33	%
2020		2,291		$4.49	to	$3.58		$13,240		—			0.55	%	to	1.45	%		23.55	%	to	22.44	%
2019		2,855		$3.63	to	$2.93		$13,265		0.26	%		0.55	%	to	1.45	%		30.38	%	to	29.21	%



144		∎ RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT


	At December 31								For the year ended December 31
	Units (000s)		Accumulation unit value lowest to highest⁽¹⁾				Net assets (000s)		Investment income ratio⁽²⁾			Expense ratio lowest to highest⁽³⁾						Total return lowest to highest⁽¹⁾⁽⁴⁾
Wanger Intl
2023		1,883		$3.46	to	$1.03		$5,634		0.32	%		0.55	%	to	1.55	%		16.32	%	to	15.16	%
2022		2,053		$2.97	to	$0.90		$5,273		0.92	%		0.55	%	to	1.55	%		(34.21	%)	to	(9.03	%)⁽⁷⁾
2021		2,201		$4.52	to	$2.71		$8,547		0.55	%		0.55	%	to	1.45	%		18.16	%	to	17.10	%
2020		2,450		$3.83	to	$2.31		$8,060		2.05	%		0.55	%	to	1.45	%		13.74	%	to	12.72	%
2019		2,875		$3.36	to	$2.05		$8,297		0.80	%		0.55	%	to	1.45	%		29.28	%	to	28.12	%
WA Var Global Hi Yd Bond, Cl II
2023		447		$1.25	to	$1.09		$530		4.96	%		0.55	%	to	1.85	%		9.36	%	to	7.94	%
2022		519		$1.14	to	$1.01		$565		5.65	%		0.55	%	to	1.85	%		(14.34	%)	to	(15.44	%)
2021		651		$1.33	to	$1.19		$830		4.24	%		0.55	%	to	1.85	%		0.49	%	to	(0.81	%)
2020		538		$1.33	to	$1.20		$684		3.81	%		0.55	%	to	1.85	%		6.54	%	to	5.15	%
2019		520		$1.24	to	$1.14		$625		6.31	%		0.55	%	to	1.85	%		13.39	%	to	11.92	%

⁽¹⁾	The accumulation unit values and total returns are presented as a range of values based on the variable annuity contracts with the lowest and highest expense ratios.

⁽²⁾

These amounts represent the dividends, excluding distributions of capital gains, received by the division from the underlying fund, net of management fees assessed by the fund manager, divided by the average net assets. These ratios exclude variable account expenses that result in direct reductions in the unit values. The recognition of investment income by the division is affected by the timing of the declaration of dividends by the underlying fund in which the division invests. These ratios are annualized for periods less than one year.

⁽³⁾

These ratios represent the annualized contract expenses of the separate account, consisting primarily of mortality and expense charges, for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

⁽⁴⁾

These amounts represent the total return for the periods indicated, including changes in the value of the underlying fund, and reflect deductions for all items included in the expense ratio. 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. Investment options with a date notation indicate the effective date of that investment option in the variable account. The total return is calculated for the period indicated or from the effective date through the end of the reporting period. Although the total return is presented as a range of values based on the subaccounts representing the lowest and highest expense ratios, some individual subaccount total returns are not within the ranges presented due to the introduction of new subaccounts during the year and other market factors.

⁽⁵⁾	New subaccount operations commenced on April 24, 2020.

⁽⁶⁾	New subaccount operations commenced on May 3, 2021.

⁽⁷⁾	New subaccount operations commenced on May 2, 2022.

⁽⁸⁾	New subaccount operations commenced on April 28, 2023.



RIVERSOURCE OF NEW YORK VARIABLE ANNUITY ACCOUNT ∎			145

REPORT OF INDEPENDENT AUDITORS

TO THE BOARD OF DIRECTORS AND SHAREHOLDER OF RIVERSOURCE LIFE INSURANCE CO. OF NEW YORK

Opinion

We have audited the accompanying financial statements of RiverSource Life Insurance Co. of New York (the “Company”), which comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of income, of comprehensive income, of shareholder’s equity and of cash flows for each of the three years in the period ended December 31, 2023, including the related notes (collectively referred to as the “financial statements”).

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2023 in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of Matter

As discussed in Note 3 to the financial statements, the Company changed the manner in which it accounts for long-duration insurance contracts in 2023. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year after the date the financial statements are available to be issued.

Auditors’ Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with US GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with US GAAS, we:

•

Exercise professional judgment and maintain professional skepticism throughout the audit.

F-1

•

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

•

Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. Accordingly, no such opinion is expressed.

•

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

•

Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

/s/ PricewaterhouseCoopers LLP

Minneapolis, Minnesota

April 19, 2024

F-2

RiverSource Life Insurance Co. of New York

BALANCE SHEETS

(in thousands, except share amounts)


December 31,	2023			2022⁽¹⁾
Assets
Investments:
Available-for-Sale:
Fixed maturities, at fair value (amortized cost: 2023, $1,680,232; 2022, $1,678,575; allowance for credit losses: 2023, $365; 2022, $572)	$	1,585,541		$	1,528,743
Mortgage loans, at amortized cost (allowance for credit losses: 2023, $554; 2022, $965)		144,910			157,068
Policy loans		53,615			50,791
Other investments		597			547
Total investments		1,784,663			1,737,149
Cash and cash equivalents		80,082			204,760
Market risk benefits		94,641			64,498
Reinsurance recoverables (allowance for credit losses: 2023, $3,800; 2022, $3,500)		205,915			195,547
Receivables		7,863			8,569
Accrued investment income		15,376			14,722
Deferred acquisition costs		166,933			174,038
Other assets		160,302			194,909
Separate account assets		4,515,324			4,230,890
Total assets	$	7,031,099		$	6,825,082

Liabilities and Shareholder’s Equity
Liabilities:
Policyholder account balances, future policy benefits and claims	$	1,916,999		$	1,949,996
Market risk benefits		47,166			68,635
Other liabilities		127,513			180,631
Separate account liabilities		4,515,324			4,230,890
Total liabilities		6,607,002			6,430,152
Shareholder’s Equity:
Common stock, $10 par value; 200,000 shares authorized, issued and outstanding		2,000			2,000
Additional paid-in capital		106,926			106,926
Retained earnings		405,131			408,564
Accumulated other comprehensive income (loss), net of tax		(89,960	)		(122,560	)
Total shareholder’s equity		424,097			394,930
Total liabilities and shareholder’s equity	$	7,031,099		$	6,825,082

⁽¹⁾	Certain prior period amounts have been restated. See Note 3 for more information.

See Notes to Financial Statements.

F-3

RiverSource Life Insurance Co. of New York

STATEMENTS OF INCOME

(in thousands)


Years Ended December 31,	2023		2022⁽¹⁾			2021⁽¹⁾
Revenues
Premiums	$	21,413	$	16,693		$	15,416
Net investment income		84,585		72,209			65,369
Policy and contract charges		123,750		125,296			138,136
Other revenues		22,102		23,617			27,360
Net realized investment gains (losses)		187		(3,452	)		11,580
Total revenues		252,037		234,363			257,861

Benefits and Expenses
Benefits, claims, losses and settlement expenses		48,540		37,994			42,481
Interest credited to fixed accounts		51,609		51,588			47,165
Remeasurement (gains) losses of future policy benefit reserves		2,003		2,225			55
Change in fair value of market risk benefits		45,118		40,393			(8,080	)
Amortization of deferred acquisition costs		14,822		15,529			15,974
Other insurance and operating expenses		35,823		34,835			36,639
Total benefits and expenses		197,915		182,564			134,234
Pretax income (loss)		54,122		51,799			123,627
Income tax provision (benefit)		7,555		7,380			23,399
Net income	$	46,567	$	44,419		$	100,228

⁽¹⁾	Certain prior period amounts have been restated. See Note 3 for more information.

See Notes to Financial Statements.

STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)


Years Ended December 31,	2023			2022⁽¹⁾			2021⁽¹⁾
Net income	$	46,567		$	44,419		$	100,228
Other comprehensive income (loss), net of tax:
Net unrealized gains (losses) on securities		41,675			(213,461	)		(49,020	)
Effect of changes in discount rate assumptions on certain long-duration contracts		(6,125	)		61,911			17,386
Effect of changes in instrument-specific credit risk on market risk benefits		(2,950	)		18,837			4,564
Total other comprehensive income (loss), net of tax		32,600			(132,713	)		(27,070	)
Total comprehensive income (loss)	$	79,167		$	(88,294	)	$	73,158

⁽¹⁾	Certain prior period amounts have been restated. See Note 3 for more information.

See Notes to Financial Statements.

F-4

RiverSource Life Insurance Co. of New York

STATEMENTS OF SHAREHOLDER’S EQUITY

(in thousands)


	Common Stock		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Total
Balances at January 1, 2021	$	2,000	$	106,926	$	350,273		$	90,117		$	549,316
Cumulative effect of adoption of long-duration contracts guidance		—		—		(23,356	)		(52,894	)		(76,250	)
Net income		—		—		100,228			—			100,228
Other comprehensive loss, net of tax		—		—		—			(27,070	)		(27,070	)
Balances at December 31, 2021⁽¹⁾		2,000		106,926		427,145			10,153			546,224
Net income		—		—		44,419			—			44,419
Other comprehensive loss, net of tax		—		—		—			(132,713	)		(132,713	)
Cash dividend to RiverSource Life Insurance Company		—		—		(63,000	)		—			(63,000	)
Balances at December 31, 2022⁽¹⁾		2,000		106,926		408,564			(122,560	)		394,930
Net income		—		—		46,567			—			46,567
Other comprehensive income, net of tax		—		—		—			32,600			32,600
Cash dividend to RiverSource Life Insurance Company		—		—		(50,000	)		—			(50,000	)
Balances at December 31, 2023	$	2,000	$	106,926	$	405,131		$	(89,960	)	$	424,097

⁽¹⁾	Certain prior period amounts have been restated. See Note 3 for more information.

See Notes to Financial Statements.

F-5

RiverSource Life Insurance Co. of New York

STATEMENTS OF CASH FLOWS

(in thousands)


Years Ended December 31,	2023			2022⁽¹⁾			2021⁽¹⁾
Cash Flows from Operating Activities
Net income	$	46,567		$	44,419		$	100,228
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion, net		2,049			2,971			2,903
Deferred income tax (benefit) expense		(1,519	)		(4,674	)		112
Contractholder and policyholder charges, non-cash		(27,744	)		(27,193	)		(26,825	)
(Gain) loss from equity method investments		(72	)		96			(44	)
Net realized investment (gains) losses		431			1,918			(11,901	)
Impairments and provision for loan losses		(618	)		1,534			321
Changes in operating assets and liabilities:
Deferred acquisition costs		7,105			6,074			1,783
Policyholder account balances, future policy benefits and claims, and market risk benefits, net		(42,580	)		(46,805	)		(89,204	)
Derivatives, net of collateral		(36,844	)		(136,006	)		93,328
Reinsurance recoverables		(4,765	)		(9,928	)		(3,151	)
Receivables		553			5,261			(5,580	)
Accrued investment income		(654	)		(1,282	)		213
Current income tax, net		(3,253	)		3,339			(19,210	)
Other, net		4,121			3,254			12,338
Net cash provided by (used in) operating activities		(57,223	)		(157,022	)		55,311

Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales		902			152,436			15,898
Maturities, sinking fund payments and calls		115,763			229,741			322,473
Purchases		(120,653	)		(356,097	)		(361,731	)
Proceeds from maturities and repayments of mortgage loans		15,195			12,845			18,041
Funding of mortgage loans		(2,626	)		(14,299	)		(5,700	)
Proceeds from sales of other investments		22			—			47
Purchase of other investments		—			(131	)		(9	)
Change in policy loans, net		(2,824	)		1,277			(3,356	)
Net cash provided by (used in) investing activities		5,779			25,772			(14,337	)

Cash Flows from Financing Activities
Policyholder account balances:
Deposits and other additions		105,284			92,918			119,937
Net transfers from (to) separate accounts		(5,907	)		(3,275	)		(13,581	)
Surrenders and other benefits		(132,933	)		(90,640	)		(91,215	)
Proceeds from line of credit with Ameriprise Financial, Inc.		—			—			5,800
Payments on line of credit with Ameriprise Financial, Inc.		—			—			(5,800	)
Cash received for purchased options with deferred premiums		10,823			30,753			53,361
Cash paid for purchased options with deferred premiums		(501	)		(983	)		(1,248	)
Cash dividends to RiverSource Life Insurance Company		(50,000	)		(63,000	)		—
Net cash provided by (used in) financing activities		(73,234	)		(34,227	)		67,254
Net increase (decrease) in cash and cash equivalents		(124,678	)		(165,477	)		108,228
Cash and cash equivalents at beginning of period		204,760			370,237			262,009
Cash and cash equivalents at end of period	$	80,082		$	204,760		$	370,237
Supplemental Disclosures:
Income taxes paid (received), net	$	12,777		$	10,115		$	42,497

⁽¹⁾	Certain prior period amounts have been restated. See Note 3 for more information.

See Notes to Financial Statements.

F-6

RiverSource Life Insurance Co. of New York

NOTES TO FINANCIAL STATEMENTS

1. NATURE OF BUSINESS AND BASIS OF PRESENTATION

RiverSource Life Insurance Co. of New York (the “Company”) is a stock life insurance company which is domiciled and holds a Certificate of Authority in the State of New York. The Company is a wholly owned subsidiary of RiverSource Life Insurance Company (“RiverSource Life”), which is domiciled in Minnesota. RiverSource Life is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial”). The Company issues insurance and annuity products to customers in the State of New York.

The accompanying financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) which vary in certain respects from reporting practices prescribed or permitted by the New York State Department of Financial Services (“New York Department”) (the Company’s primary regulator) as described in Note 15. Certain reclassifications of prior period amounts have been made to conform with the current presentation.

The Company evaluated events or transactions that occurred after the balance sheet date for potential recognition or disclosure through April 19, 2024, the date the financial statements were issued. No subsequent events or transactions requiring recognition or disclosure were identified.

The Company’s principal products are variable annuities, universal life (“UL”) insurance, including indexed universal life (“IUL”) and variable universal life (“VUL”) insurance, which are issued primarily to individuals. Waiver of premium and accidental death benefit riders are generally available with UL products, in addition to other benefit riders. Variable annuity contract purchasers can choose to add an optional guaranteed minimum death benefit (“GMDB”) rider to their contract.

The Company also offers payout annuities, term life insurance and disability income (“DI”) insurance.

The Company’s business is sold through the advisor network of Ameriprise Financial Services, LLC (“AFS”), a subsidiary of Ameriprise Financial. RiverSource Distributors, Inc., a subsidiary of Ameriprise Financial, serves as the principal underwriter and distributor of variable annuity and life insurance products issued by the Company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Company adopted Accounting Standards Update (“ASU”), Financial Services – Insurance – Targeted Improvements to the Accounting for Long-Duration Contracts (“ASU 2018-12”), effective January 1, 2023 with a transition date of January 1, 2021. The significant accounting policies for market risk benefits (“MRB”); deferred acquisition costs (“DAC”); deferred sales inducement costs (“DSIC”); reinsurance; policyholder account balances, future policy benefits and claims; and unearned revenue liability were added or updated as a result of adopting the new accounting standard. See Note 3 for additional information related to the transition approach and adoption impact.

Amounts Based on Estimates and Assumptions

Accounting estimates are an integral part of the financial statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and the recognition of credit losses or impairments, valuation of derivative instruments, future policy benefits, market risk benefits, and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.

Investments

Available-for-Sale Securities

Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss) (“AOCI”), net of impacts to benefit reserves, reinsurance recoverables and income taxes. Gains and losses are recognized on a trade date basis in the Statements of Income upon disposition of the securities.

Available-for-Sale securities are impaired when the fair value of an investment is less than its amortized cost. When an Available-for-Sale security is impaired, the Company first assesses whether or not: (i) it has the intent to sell the security (i.e., made a decision to sell) or (ii) it is more likely than not that the Company will be required to sell the security before its anticipated recovery. If either of these conditions exist, the Company recognizes an impairment by reducing the book value of the security for the difference between the investment’s amortized cost and its fair value with a corresponding charge to earnings. Subsequent increases in the fair value of Available-for-Sale securities that occur in periods after a write-down has occurred are recorded as unrealized gains in other comprehensive income (loss) (“OCI”), while subsequent decreases in fair value would continue to be recorded as reductions of book value with a charge to earnings.

For securities that do not meet the above criteria, the Company determines whether the decrease in fair value is due to a credit loss or due to other factors. The amount of impairment due to credit-related factors, if any, is recognized as an allowance for credit losses with a related charge to net realized investment gains (losses). The allowance for credit losses is limited to the amount by which the security’s amortized cost basis exceeds its fair value. The amount of the impairment related to other factors is recognized in OCI.

F-7

RiverSource Life Insurance Co. of New York

Factors the Company considers in determining whether declines in the fair value of fixed maturity securities are due to credit-related factors include: (i) the extent to which the market value is below amortized cost; (ii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iii) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors.

If through subsequent evaluation there is a sustained increase in cash flows expected, both the allowance and related charge to earnings may be reversed to reflect the increase in expected principal and interest payments.

In order to determine the amount of the credit loss component for corporate debt securities, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and the Company’s position in the debtor’s overall capital structure. When assessing potential credit-related impairments for structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities and asset backed securities), the Company also considers credit-related factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections.

Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for Available-for-Sale securities. Accrued interest on Available-for-Sale securities is recorded as earned in Accrued investment income. Available-for-Sale securities are generally placed on nonaccrual status when the accrued balance becomes 90 days past due or earlier based on management’s evaluation of the facts and circumstances of each security under review. All previously accrued interest is reversed through Net investment income.

Financing Receivables

Financing receivables are comprised of mortgage loans and policy loans.

Mortgage Loans

Mortgage loans are loans on commercial properties that are originated by the Company and are recorded at amortized cost less the allowance for loan losses.

Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on mortgage loans is recorded in Net investment income.

Policy Loans

Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses.

Interest income is accrued as earned on the unpaid principal balances of the loans. Interest income recognized on policy loans is recorded in Net investment income.

Allowance for Credit Losses

The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial assets to present the net amount expected to be collected over the asset’s expected life, considering past events, current conditions and reasonable and supportable forecasts of future economic conditions. Estimates of expected credit losses consider both historical charge-off and recovery experience as well as current economic conditions and management’s expectation of future charge-off and recovery levels. Expected losses related to risks other than credit risk are excluded from the allowance for credit losses. The allowance for credit losses is measured and recorded upon initial recognition of the loan, regardless of whether it is originated or purchased.

The allowance for credit losses for mortgage loans utilizes a probability of default and loss severity approach to estimate lifetime expected credit losses. Actual historical default and loss severity data is adjusted for current conditions and reasonable and supportable forecasts of future economic conditions to develop the probability of default and loss severity assumptions that are applied to the amortized cost basis of the loans over the expected life of each portfolio. The allowance for credit losses on mortgage loans is recorded through provisions charged to Net realized investment gains (losses) and is reduced/increased by net charge-offs/recoveries.

Management determines the adequacy of the allowance for credit losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including when applicable, internal risk ratings, loan-to-value (“LTV”) ratios, and occupancy rates, along with reasonable and supportable forecasts of economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change. While the Company may attribute portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses expected over the life of the loan portfolio.

F-8

RiverSource Life Insurance Co. of New York

Nonaccrual Loans

Mortgage loans are placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal unless the remaining principal balance has been determined to be fully collectible. Management has elected to exclude accrued interest in its measurement of the allowance for credit losses for mortgage loans.

Loan Modifications

A loan is modified when the Company makes certain concessionary modifications to contractual terms such as principal forgiveness, interest rate reductions, other-than-insignificant payment delays, and/or term extensions in an attempt to make the loan more affordable to a borrower experiencing financial difficulties. Generally, performance prior to the modification or significant events that coincide with the modification are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the modification or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.

Charge-off and Foreclosure

Charge-offs are recorded when the Company concludes that all or a portion of the mortgage loan is uncollectible. Factors used by the Company to determine whether all amounts due on mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location.

If it is determined that foreclosure on a mortgage loan is probable and the fair value is less than the current loan balance, expected credit losses are measured as the difference between the amortized cost basis of the asset and fair value less estimated costs to sell, if applicable. Upon foreclosure, the mortgage loan and related allowance are reversed, and the foreclosed property is recorded as real estate owned within Other assets.

Cash and Cash Equivalents

Cash equivalents include highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less.

Reinsurance

The Company cedes insurance risk to other insurers under reinsurance agreements.

Reinsurance premiums paid and benefits received are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Reinsurance premiums paid for traditional life, long term care (“LTC”) and DI insurance and life contingent payout annuities, net of the change in any prepaid reinsurance asset, are reported as a reduction of Premiums. Reinsurance recoveries are reported as components of Benefits, claims, losses and settlement expenses.

UL and VUL reinsurance premiums are reported as a reduction of Policy and contract charges. In addition, for UL and VUL insurance policies, the net cost of reinsurance ceded, which represents the discounted amount of the expected cash flows between the reinsurer and the Company, is classified as an asset and amortized based on estimated gross profits over the period the reinsurance policies are in-force. Changes in the net cost of reinsurance are reflected as a component of Policy and contract charges.

Insurance liabilities are reported before the effects of reinsurance. Policyholder account balances, future policy benefits and claims recoverable under reinsurance contracts are recorded within Reinsurance recoverables, net of the allowance for credit losses. The Company evaluates the financial condition of its reinsurers prior to entering into new reinsurance contracts and on a periodic basis during the contract term. The allowance for credit losses related to reinsurance recoverable is based on applying observable industry data including insurer ratings, default and loss severity data to the Company’s reinsurance recoverable balances. Management evaluates the results of the calculation and considers differences between the industry data and the Company’s data. Such differences include that the Company has no actual history of significant losses and that industry data may contain non-life insurers. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change given the long-term nature of these receivables. The allowance for credit losses on reinsurance recoverable is recorded through provisions charged to Benefits, claims, losses and settlement expenses.

The Company also assumes life insurance risk from other insurers in limited circumstances. Reinsurance premiums received and benefits paid are accounted for consistently with the basis used in accounting for the policies from which risk is reinsured and consistently with the terms of the reinsurance contracts. Liabilities for assumed business are recorded within Policyholder account balances, future policy benefits and claims.

See Note 9 for additional information on reinsurance.

F-9

RiverSource Life Insurance Co. of New York

Derivative Instruments and Hedging Activities

Freestanding derivative instruments are recorded at fair value and are reflected in Other assets or Other liabilities. The Company’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. The accounting for changes in the fair value of a derivative instrument depends on its intended use and the resulting hedge designation, if any. The Company primarily uses derivatives as economic hedges that are not designated as accounting hedges or do not qualify for hedge accounting treatment.

Derivative instruments that are entered into for hedging purposes are designated as such at the time the Company enters into the contract. For all derivative instruments that are designated for hedging activities, the Company documents all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. Management also documents its risk management objectives and strategies for entering into the hedge transactions. The Company assesses, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, the Company will discontinue the application of hedge accounting.

For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. Changes in fair value of derivatives are presented in the Statements of Income based on the nature and use of the instrument. Changes in fair value of derivatives used as economic hedges are presented in the Statements of Income with the corresponding change in the hedged asset or liability.

The equity component of IUL obligations is considered an embedded derivative. Additionally, certain annuities contain guaranteed minimum accumulation benefits (“GMAB”), guaranteed minimum withdrawal benefits (“GMWB”) and GMDB provisions. These provisions are accounted for as market risk benefits under ASU 2018-12.

See Note 13 for information regarding the Company’s fair value measurement of derivative instruments and Note 17 for the impact of derivatives on the Statements of Income.

Market Risk Benefits

Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Market risk benefits include certain contract features on variable annuity products that provide minimum guarantees to contractholders. Guarantees accounted for as market risk benefits include GMDB, guaranteed minimum income benefit (“GMIB”), GMWB and GMAB. If a contract contains multiple market risk benefits, those market risk benefits are bundled together as a single compound market risk benefit.

Market risk benefits are measured at fair value, at the individual contract level, using a non-option-based valuation approach or an option-based valuation approach dependent upon the fee structure of the contract. Changes in fair value are recognized in net income each period with the exception of the portion of the change in fair value due to a change in the instrument-specific credit risk, which is recognized in OCI.

Deferred Acquisition Costs

The Company incurs costs in connection with acquiring new and renewal insurance and annuity businesses. The portion of these costs which are incremental and direct to the acquisition of a new or renewal insurance policy or annuity contract are deferred. Significant costs capitalized include sales based compensation related to the acquisition of new and renewal insurance policies and annuity contracts, medical inspection costs for successful sales, and a portion of employee compensation and benefit costs based upon the amount of time spent on successful sales. Sales based compensation paid to Ameriprise Financial’s advisors and employees and third-party distributors is capitalized. Employee compensation and benefits costs which are capitalized relate primarily to sales efforts, underwriting and processing. All other costs which are not incremental direct costs of acquiring an insurance policy or annuity contract are expensed as incurred. The DAC associated with insurance policies or annuity contracts that are significantly modified or internally replaced with another contract are accounted for as write-offs. These transactions are anticipated in establishing amortization periods and other valuation assumptions.

The Company monitors other DAC amortization assumptions, such as persistency, mortality, morbidity, and variable annuity benefit utilization each quarter and, when assessed independently, each could impact the Company’s DAC balances. Unamortized DAC are reduced for actual experience in excess of expected experience.

The analysis of DAC balances and the corresponding amortization considers all relevant factors and assumptions described previously. Unless the Company’s management identifies a significant deviation over the course of the quarterly monitoring, management reviews and updates these DAC amortization assumptions annually in the third quarter of each year.

DAC are amortized on a constant-level basis for the grouped contracts over the expected contract term to approximate straight-line amortization. Contracts are grouped by contract type and issue year into cohorts consistent with the grouping used in estimating the associated liability for future policy benefits. DAC related to all long-duration product types (except for life contingent payout annuities) are grouped on a calendar-year annual basis for each legal entity. Further disaggregation is reported

F-10

RiverSource Life Insurance Co. of New York

for any contracts that include an additional liability for death or other insurance benefit. DAC related to life contingent payout annuities are grouped on a calendar-year annual basis for each legal entity for policies issued prior to 2021 and on a quarterly basis for each legal entity thereafter.

DAC related to annuity products (including variable deferred annuities, fixed deferred annuities, and life contingent payout annuities) are amortized based on initial premium. DAC related to life insurance products (including UL insurance, VUL insurance, IUL insurance, term life insurance, and whole life insurance) are amortized based on original specified amount (i.e., face amount). DAC related to DI insurance are amortized based on original monthly benefit.

The accounting contract term for annuity products (except for life contingent payout annuities) is the projected accumulation period. Life contingent payout annuities are amortized over the period which annuity payments are expected to be paid. The accounting contract term for life insurance products is the projected life of the contract. DI insurance is amortized over the projected life of the contract, including the claim paying period.

Deferred Sales Inducement Costs

Deferred sales inducements are contract features that are intended to attract new customers or to persuade existing customers to keep their current policy. Sales inducement costs consist of bonus interest credits and premium credits added to certain annuity contract and insurance policy values. These benefits are capitalized to the extent they are incremental to amounts that would be credited on similar contracts without the applicable feature. The amounts capitalized are amortized on a constant-level basis using the same methodology and assumptions used to amortize DAC on a constant-level basis. DSIC are recorded in Other assets and amortization of DSIC is recorded in Benefits, claims, losses and settlement expenses.

Separate Account Assets and Liabilities

Separate account assets represent funds held for the benefit of and Separate account liabilities represent the obligation to the variable annuity contractholders and variable life insurance policyholders who have a contractual right to receive the benefits of their contract or policy and bear the related investment risk. Gains and losses on separate account assets accrue directly to the contractholder or policyholder and are not reported in the Company’s Statements of Income. Separate account assets are recorded at fair value and Separate account liabilities are equal to the assets recognized.

Policyholder Account Balances, Future Policy Benefits and Claims

The Company establishes reserves to cover the benefits associated with non-traditional and traditional long-duration products. Non-traditional long-duration products include variable annuity contracts, fixed annuity contracts and UL and VUL policies. Traditional long-duration products include term life, whole life, DI, and LTC insurance products and life contingent payout annuity products.

Non-Traditional Long-Duration Products

The liabilities for non-traditional long-duration products include fixed account values on variable and fixed annuities and UL and VUL policies, non-life contingent payout annuities, liabilities for guaranteed benefits associated with variable annuities and embedded derivatives for IUL products.

Liabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges. The liability for non-life contingent payout annuities is recognized as the present value of future payments using the effective yield at inception of the contract.

A portion of the Company’s UL and VUL policies have product features that result in profits followed by losses from the insurance component of the contract. These profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges. The liability for these future losses is determined at the reporting date by estimating the death benefits in excess of account value and recognizing the excess over the estimated life based on expected assessments (e.g., cost of insurance charges, contractual administrative charges, similar fees and investment margin). See Note 10 for information regarding the liability for contracts with secondary guarantees. Liabilities for IUL products are equal to the accumulation of host contract values, guaranteed benefits, and the fair value of embedded derivatives.

See Note 12 for information regarding variable annuity guarantees.

Embedded Derivatives

The fair value of embedded derivatives related to IUL fluctuates based on equity markets and interest rates and the estimate of the Company’s nonperformance risk and is recorded in Policyholder account balances, future policy benefits and claims. See Note 13 for information regarding the fair value measurement of embedded derivatives.

F-11

RiverSource Life Insurance Co. of New York

Traditional Long-Duration Products

The liabilities for traditional long-duration products include cash flows related to unpaid amounts on reported claims, estimates of benefits payable on claims incurred but not yet reported and estimates of benefits that will become payable on term life, whole life, DI, LTC, and life contingent payout annuity policies as claims are incurred in the future. The claim liability (also referred to as disabled life reserve) is presented together as one liability for future policy benefits.

A liability for future policy benefits, which is the present value of estimated future policy benefits to be paid to or on behalf of policyholders and certain related expenses less the present value of estimated future net premiums to be collected from policyholders, is accrued as premium revenue is recognized. Expected insurance benefits are accrued over the life of the contract in proportion to premium revenue recognized (referred to as the net premium approach). The net premium ratio reflects cash flows from contract inception to contract termination (i.e., through the claim paying period) and cannot exceed 100%.

Assumptions utilized in the net premium approach, including mortality, morbidity, and terminations, are reviewed as part of experience studies at least annually or more frequently if suggested by evidence. Expense assumptions and actual expenses are updated within the net premium calculation consistent with other policyholder assumptions.

The updated cash flows used in the calculation are discounted using a forward rate curve. The discount rate represents an upper-medium-grade (i.e., low credit risk) fixed-income instrument yield (i.e., an A rating) that reflects the duration characteristics of the liability. Discount rates are locked in annually, at the end of each year for all products, except life contingent payout annuities, and calculated as the monthly average discount rate curves for the year. For life contingent payout annuities, the discount rates are locked in quarterly at the end of each quarter based on the average of the three months for the quarter.

The liability for future policy benefits will be updated for actual experience at least on an annual basis and concurrent with changes to cash flow assumptions. When net premiums are updated for cash flow changes, the estimated cash flows over the entire life of a group of contracts are updated using historical experience and updated future cash flow assumptions.

The revised net premiums are used to calculate an updated liability for future policy benefits as of the beginning of the reporting period, discounted at the original locked in rate (i.e., contract issuance rate). The updated liability for future policy benefits as of the beginning of the reporting period is then compared with the carrying amount of the liability as of that date prior to updating cash flow assumptions to determine the current period remeasurement gain or loss reflected in current period earnings. The revised net premiums are then applied as of the beginning of the quarter to calculate the benefit expense for the current reporting period.

The difference between the updated carrying amount of the liability for future policy benefits measured using the current discount rate assumption and the original discount rate assumption is recognized in OCI. The interest accretion rate remains the original discount rate used at contract issue date.

If the updating of cash flow assumptions results in the present value of future benefits and expenses exceeding the present value of future gross premiums, a charge to net income is recorded for the current reporting period such that net premiums are set equal to gross premiums. In subsequent periods, the liability for future policy benefits is accrued with net premiums set equal to gross premiums.

Contracts (except for life contingent payout annuities sold subsequent to December 31, 2020) are grouped into cohorts by contract type and issue year, as well as by legal entity and reportable segment. Life contingent payout annuities sold in periods beginning in 2021 are grouped into quarterly cohorts.

See Note 10 for information regarding the liabilities for traditional long-duration products.

Deferred Profit Liability

For limited-payment products, gross premiums received in excess of net premiums are deferred at initial recognition as a deferred profit liability (“DPL”). Gross premiums are measured using assumptions consistent with those used in the measurement of the liability for future policy benefits, including discount rate, mortality, lapses and expenses.

The DPL is amortized and recognized as premium revenue in proportion to expected future benefit payments from annuity contracts. Interest is accreted on the balance of the DPL using the discount rate determined at contract issuance. The Company reviews and updates its estimate of cash flows from the DPL at the same time as the estimates of cash flows for the liability for future policy benefits. When cash flows are updated, the updated estimates are used to recalculate the DPL at contract issuance. The recalculated DPL as of the beginning of the current reporting period is compared to the carrying amount of the DPL as of the beginning of the current reporting period, and any difference is recognized as either a charge or credit to premium revenue.

DPL is recorded in Policyholder account balances, future policy benefits and claims and included as a reconciling item within Note 10.

Unearned Revenue Liability

The Company’s UL and VUL policies require payment of fees or other policyholder assessments in advance for services to be provided in future periods. These charges are deferred as unearned revenue and amortized consistent with DAC amortization

F-12

RiverSource Life Insurance Co. of New York

factors. The unearned revenue liability is recorded in Other liabilities and the amortization is recorded in Policy and contract charges.

Income Taxes

The Company qualifies as a life insurance company for federal income tax purposes. As such, the Company is subject to the Internal Revenue Code provisions applicable to life insurance companies.

The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded. The controlled group for which the Company is a member is an applicable corporation with regard to the corporate alternative minimum tax (“CAMT”) and is therefore required to compute the CAMT. In accordance with the tax sharing agreement, Ameriprise Financial will be liable for any CAMT liability and expense.

The Company’s provision for income taxes represents the net amount of income taxes that the Company expects to pay or to receive from various taxing jurisdictions in connection with its operations. The Company provides for income taxes based on amounts that the Company believes it will ultimately owe taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items.

In connection with the provision for income taxes, the financial statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.

The Company is required to establish a valuation allowance for any portion of its deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination: (i) future taxable income exclusive of reversing temporary differences and carryforwards; (ii) future reversals of existing taxable temporary differences; (iii) taxable income in prior carryback years; and (iv) tax planning strategies. Management may need to identify and implement appropriate planning strategies to ensure its ability to realize deferred tax assets and reduce the likelihood of the establishment of a valuation allowance with respect to such assets. See Note 19 for additional information on the Company’s valuation allowance.

Changes in tax rates and tax law are accounted for in the period of enactment. Deferred tax assets and liabilities are adjusted for the effect of a change in tax laws or rates and the effect is included in net income.

Revenue Recognition

Premiums on traditional life, DI and LTC insurance products and life contingent payout annuities are net of reinsurance ceded and are recognized as revenue when due.

Interest income is accrued as earned using the effective interest method, which makes an adjustment of the yield for security premiums and discounts on all performing fixed maturity securities classified as Available-for-Sale so that the related security or loan recognizes a constant rate of return on the outstanding balance throughout its term. When actual prepayments differ significantly from originally anticipated prepayments, the retrospective effective yield is recalculated to reflect actual payments to date and updated future payment assumptions and a catch-up adjustment is recorded in the current period. In addition, the new effective yield, which reflects anticipated future payments, is used prospectively.

Mortality and expense risk fees are based on a percentage of the fair value of assets held in the Company’s separate accounts and recognized when assessed. Variable annuity guaranteed benefit rider charges, cost of insurance charges on UL and VUL insurance and contract charges (net of reinsurance premiums and cost of reinsurance for UL insurance products) and surrender charges on annuities and UL and VUL insurance are recognized as revenue when assessed.

Realized gains and losses on the sale of securities, other than equity method investments, are recognized using the specific identification method, on a trade date basis.

Fees received under marketing support and distribution services arrangements are recognized as revenue when earned.

See Note 4 for further discussion of accounting policies on revenue from contracts with customers.

3. RECENT ACCOUNTING PRONOUNCEMENTS

Adoption of New Accounting Standards

Financial Instruments — Credit Losses — Troubled Debt Restructurings and Vintage Disclosures

In March 2022, the Financial Accounting Standards Board (“FASB”) proposed amendments to ASU 2016-13, Financial Instruments — Credit Losses: Measurement of Credit Losses on Financial Instruments (“Topic 326”). The update removes the recognition and measurement guidance for Troubled Debt Restructurings (“TDRs”) by creditors in Subtopic 310-40,

F-13

RiverSource Life Insurance Co. of New York

Receivables — Troubled Debt Restructurings by Creditors, and modifies the disclosure requirements for certain loan refinancing and restructuring by creditors when a borrower is experiencing financial difficulty. Rather than applying the recognition and measurement for TDRs, an entity must apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. The update also requires entities to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments — Credit Losses — Measured at Amortized Cost. The amendments are to be applied prospectively, but entities may apply a modified retrospective transition for changes to the recognition and measurement of TDRs. For entities that have adopted Topic 326, the amendments are effective for interim and annual periods beginning after December 15, 2022. The Company adopted the standard on January 1, 2023. The adoption of this update did not have an impact on the Company’s financial condition and results of operations and modifications to disclosures are immaterial in the current period.

Financial Services — Insurance — Targeted Improvements to the Accounting for Long-Duration Contracts

In August 2018, the FASB updated the accounting standard related to long-duration insurance contracts (ASU 2018-12). The guidance changes elements of the measurement models and disclosure requirements for an insurer’s long-duration insurance contract benefits and acquisition costs by expanding the use of fair value accounting to certain contract benefits, requiring updates, if any, and at least annually, to assumptions used to measure liabilities for future policy benefits, changing the amortization pattern of deferred acquisition costs to a constant-level basis and removing certain shadow adjustments previously recorded in AOCI. Adoption of the accounting standard did not impact overall cash flows or regulatory capital requirements.

When the Company adopted the standard effective January 1, 2023 with a transition date of January 1, 2021 (the “transition date”), opening equity was adjusted for the adoption impacts to retained earnings and AOCI and prior periods presented (i.e. 2021 and 2022) were restated. The adoption impact as of January 1, 2021 was a reduction in total equity of $76 million, of which $23 million and $53 million were reflected in retained earnings and AOCI, respectively.

The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Balance Sheets:


(in thousands)	As Filed December 31, 2022			Adjustment			Post-adoption December 31, 2022			As Filed December 31, 2021		Adjustment			Post-adoption December 31, 2021

Assets
Market risk benefits	$	—		$	64,498		$	64,498		$	—	$	36,740		$	36,740
Reinsurance recoverables (allowance for credit losses: 2022, $3,500; 2021, $5,400)		189,465			6,082			195,547			184,971		57,016			241,987
Deferred acquisition costs		214,324			(40,286	)		174,038			175,258		4,854			180,112
Other assets		198,981			(4,072	)		194,909			406,002		9,404			415,406
Total assets	$	6,798,860		$	26,222		$	6,825,082		$	8,644,453	$	108,014		$	8,752,467

Liabilities and Shareholder’s Equity
Liabilities:
Policyholder account balances, future policy benefits and claims	$	1,997,633		$	(47,637	)	$	1,949,996		$	2,106,471	$	(2,928	)	$	2,103,543
Market risk benefits		—			68,635			68,635			—		129,715			129,715
Other liabilities		182,723			(2,092	)		180,631			526,623		14,101			540,724
Total liabilities		6,411,246			18,906			6,430,152			8,065,355		140,888			8,206,243

Shareholder’s Equity:
Retained earnings		386,646			21,918			408,564			420,377		6,768			427,145
Accumulated other comprehensive income (loss), net of tax		(107,958	)		(14,602	)		(122,560	)		49,795		(39,642	)		10,153
Total shareholder’s equity		387,614			7,316			394,930			579,098		(32,874	)		546,224
Total liabilities and shareholder’s equity	$	6,798,860		$	26,222		$	6,825,082		$	8,644,453	$	108,014		$	8,752,467

F-14

RiverSource Life Insurance Co. of New York

The following table presents the effects of the adoption of the above new accounting standard to the Company’s previously reported Statements of Income:


	Years Ended December 31,
(in thousands)	As Filed 2022		Adjustment			Post-adoption 2022		As Filed 2021		Adjustment			Post-adoption 2021
Revenues
Policy and contract charges	$	125,459	$	(163	)	$	125,296	$	139,659	$	(1,523	)	$	138,136
Total revenues		234,526		(163	)		234,363		259,384		(1,523	)		257,861
Benefits and Expenses
Benefits, claims, losses and settlement expenses		107,180		(69,186	)		37,994		84,589		(42,108	)		42,481
Remeasurment (gains) losses of future policy benefit reserves		—		2,225			2,225		—		55			55
Change in fair value of market risk benefits		—		40,393			40,393		—		(8,080	)		(8,080	)
Amortization of deferred acquisition costs		8,919		6,610			15,529		6,296		9,678			15,974
Other insurance and operating expenses		34,217		618			34,835		35,838		801			36,639
Total benefits and expenses		201,904		(19,340	)		182,564		173,888		(39,654	)		134,234
Pretax income (loss)		32,622		19,177			51,799		85,496		38,131			123,627
Income tax provision (benefit)		3,353		4,027			7,380		15,392		8,007			23,399
Net income	$	29,269	$	15,150		$	44,419	$	70,104	$	30,124		$	100,228

The adoption of the standard did not affect the previously reported totals for net cash flows provided by (used in) operating, investing, or financing activities.

Future Adoption of New Accounting Standards

Segment Reporting — Improvements to Reportable Segment Disclosures

In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures, updating reportable segment disclosure requirements in accordance with Topic 280, Segment Reporting (“Topic 280”), primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss and contain other disclosure requirements. The amendments also expand Topic 280 disclosures to public entities with one reportable segment. The amendments are effective for annual periods beginning after December 15, 2023, and interim periods beginning after December 15, 2024. Early adoption is permitted. The Company is assessing changes to the segment related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s financial condition and results of operations as the standard is disclosure-related only.

Income Taxes — Improvements to Income Tax Disclosures

In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, updating the accounting standards related to income tax disclosures, primarily focused on the disaggregation of income taxes paid and the rate reconciliation table. The standard is to be applied prospectively with an option for retrospective application and is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is assessing changes to the income tax related disclosures resulting from the standard. The adoption of the standard will not have an impact on the Company’s financial condition and results of operations as the standard is disclosure-related only.

F-15

RiverSource Life Insurance Co. of New York

4. REVENUE FROM CONTRACTS WITH CUSTOMERS

The following table presents disaggregated revenue from contracts with customers and a reconciliation to total revenues reported on the Statements of Income:


	Years Ended December 31,
(in thousands)	2023		2022		2021
Policy and contract charges
Affiliated (from Columbia Management Investment Distributors, Inc.)	$	9,193	$	9,762	$	11,402
Unaffiliated		850		829		936
Total		10,043		10,591		12,338
Other revenues
Administrative fees
Affiliated (from Columbia Management Investment Services, Corp.)		2,317		2,474		2,908
Unaffiliated		1,029		1,019		1,127
		3,346		3,493		4,035
Other fees
Affiliated (from Columbia Management Investment Advisers, LLC (“CMIA”) and Columbia Wanger Asset Management, LLC)		18,482		19,845		22,969
Unaffiliated		230		232		282
		18,712		20,077		23,251
Total		22,058		23,570		27,286
Total revenue from contracts with customers		32,101		34,161		39,624
Revenue from other sources⁽¹⁾		219,936		200,202		218,237
Total revenues	$	252,037	$	234,363	$	257,861

⁽¹⁾	Amounts primarily consist of revenue associated with insurance and annuity products and investment income from financial instruments.

The following discussion describes the nature, timing, and uncertainty of revenues and cash flows arising from the Company’s contracts with customers.

Policy and Contract Charges

The Company earns revenue for providing distribution-related services to affiliated and unaffiliated mutual funds that are available as underlying investments in its variable annuity and variable life insurance products. The performance obligation is satisfied at the time the mutual fund is distributed. Revenue is recognized over the time the mutual fund is held in the variable product and is generally earned based on a fixed rate applied, as a percentage, to the net asset value of the fund. The revenue is not recognized at the time of sale because it is variably constrained due to factors outside the Company’s control, including market volatility and how long the fund(s) remain in the insurance policy or annuity contract. The revenue will not be recognized until it is probable that a significant reversal will not occur. These fees are accrued and collected on a monthly basis.

Other Revenues

Administrative Fees

The Company earns revenue for providing customer support, contract servicing and administrative services for affiliated and unaffiliated mutual funds that are available as underlying instruments in its variable annuity and variable life insurance products. The transfer agent and administration revenue is earned daily based on a fixed rate applied, as a percentage, to assets under management. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

Other Fees

The Company earns revenue for providing affiliated and unaffiliated partners an opportunity to educate the financial advisors of its affiliate, AFS, that sell the Company’s products as well as product and marketing personnel to support the offer, sale and servicing of funds within the Company’s variable annuity and variable life insurance products. These payments allow the parties to train and support the advisors, explain the features of their products, and distribute marketing and educational materials. The affiliated revenue is earned based on a rate, updated at least annually, which is applied, as a percentage, to the market value of assets invested. The unaffiliated revenue is earned based on a fixed rate applied, as a percentage, to the market value of assets invested. These performance obligations are considered a series of distinct services that are substantially the same and are satisfied each day over the contract term. These fees are accrued and collected on a monthly basis.

Receivables

Receivables for revenue from contracts with customers are recognized when the performance obligation is satisfied and the Company has an unconditional right to the revenue. Receivables related to revenues from contracts with customers were $2.9 million as of both December 31, 2023 and 2022.

F-16

RiverSource Life Insurance Co. of New York

5. VARIABLE INTEREST ENTITIES

The Company invests in structured investments which are considered variable interest entities (“VIEs”) for which it is not the sponsor. These structured investments typically invest in fixed income instruments and are managed by third parties and include asset backed securities and commercial and residential mortgage backed securities. The Company classifies these investments as Available-for-Sale securities. The Company has determined that it is not the primary beneficiary of these structures due to the size of the Company’s investment in the entities and position in the capital structure of these entities. The Company’s maximum exposure to loss as a result of its investment in these structured investments is limited to its amortized cost. The Company has no obligation to provide financial or other support to the structured investments beyond its investment nor has the Company provided any support to the structured investments. See Note 6 for additional information on these structured investments.

6. INVESTMENTS

Available-for-Sale securities distributed by type were as follows:


	December 31, 2023
Description of Securities (in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses			Fair Value
Fixed maturities:
Corporate debt securities	$	951,360	$	25,060	$	(54,874	)	$	(365	)	$	921,181
Residential mortgage backed securities		290,104		187		(37,468	)		—			252,823
Commercial mortgage backed securities		322,845		—		(33,099	)		—			289,746
State and municipal obligations		83,146		7,417		(452	)		—			90,111
Asset backed securities		31,919		467		(1,648	)		—			30,738
Foreign government bonds and obligations		638		84		—			—			722
U.S. government and agency obligations		220		—		—			—			220
Total	$	1,680,232	$	33,215	$	(127,541	)	$	(365	)	$	1,585,541


	December 31, 2022
Description of Securities (in thousands)	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Allowance for Credit Losses			Fair Value
Fixed maturities:
Corporate debt securities	$	905,629	$	13,188	$	(85,717	)	$	(572	)	$	832,528
Residential mortgage backed securities		310,338		27		(41,976	)		—			268,389
Commercial mortgage backed securities		340,684		—		(39,053	)		—			301,631
State and municipal obligations		86,002		6,539		(781	)		—			91,760
Asset backed securities		34,959		1,033		(2,552	)		—			33,440
Foreign government bonds and obligations		747		68		(35	)		—			780
U.S. government and agency obligations		216		—		(1	)		—			215
Total	$	1,678,575	$	20,855	$	(170,115	)	$	(572	)	$	1,528,743

As of December 31, 2023 and 2022, accrued interest of $14.9 million and $14.2 million, respectively, is excluded from the amortized cost basis of Available-for-Sale securities in the tables above and is recorded in Accrued investment income.

As of December 31, 2023 and 2022, fixed maturity securities comprised approximately 89% and 88%, respectively, of the Company’s total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”) and Fitch Ratings Ltd. (“Fitch”). The Company uses the median of available ratings from Moody’s, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, the Company may utilize ratings from other NRSROs or rate the securities internally. As of December 31, 2023 and 2022, $15.8 million and $21.9 million, respectively, of securities were internally rated by CMIA, an affiliate of the Company, using criteria similar to those used by NRSROs.

F-17

RiverSource Life Insurance Co. of New York

A summary of fixed maturity securities by rating was as follows:


	December 31, 2023							December 31, 2022
Ratings (in thousands, except percentages)	Amortized Cost		Fair Value		Percent of Total Fair Value			Amortized Cost		Fair Value		Percent of Total Fair Value
AAA	$	355,286	$	319,280		20	%	$	681,243	$	598,313		39	%
AA		344,046		315,804		20			62,194		68,657		5
A		175,912		179,826		11			128,524		128,819		8
BBB		762,945		731,081		46			749,531		681,552		45
Below investment grade		42,043		39,550		3			57,083		51,402		3
Total fixed maturities	$	1,680,232	$	1,585,541		100	%	$	1,678,575	$	1,528,743		100	%

As of December 31, 2023, approximately 75% of securities rated AA were GNMA, FNMA and FHLMC mortgage backed securities. These issuers were downgraded in the third quarter of 2023 from AAA to AA due to the downgrade of the U.S. Government long-term credit rating. As of December 31, 2022, approximately 42% of securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities. No holdings of any issuer were greater than 10% of the Company’s total shareholder’s equity as of both December 31, 2023 and 2022.

The following tables summarize the fair value and gross unrealized losses on Available-for-Sale securities, aggregated by major investment type and the length of time that individual securities have been in a continuous unrealized loss position for which no allowance for credit losses has been recorded:


	December 31, 2023
	Less than 12 months							12 months or more							Total
Description of Securities (in thousands, except number of securities)	Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses
Corporate debt securities		17	$	75,331	$	(1,862	)		176	$	518,163	$	(53,012	)		193	$	593,494	$	(54,874	)
Residential mortgage backed securities		5		3,800		(48	)		57		242,301		(37,420	)		62		246,101		(37,468	)
Commercial mortgage backed securities		1		7,423		(216	)		97		282,323		(32,883	)		98		289,746		(33,099	)
State and municipal obligations		3		2,700		(113	)		10		6,501		(339	)		13		9,201		(452	)
Asset backed securities		—		—		—			15		22,384		(1,648	)		15		22,384		(1,648	)
U.S. government and agency obligations		1		220		—			—		—		—			1		220		—
Total		27	$	89,474	$	(2,239	)		355	$	1,071,672	$	(125,302	)		382	$	1,161,146	$	(127,541	)


	December 31, 2022
	Less than 12 months							12 months or more							Total
Description of Securities (in thousands, except number of securities)	Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses			Number of Securities		Fair Value		Unrealized Losses
Corporate debt securities		190	$	533,591	$	(39,382	)		49	$	169,667	$	(46,335	)		239	$	703,258	$	(85,717	)
Residential mortgage backed securities		64		115,585		(9,029	)		6		151,248		(32,947	)		70		266,833		(41,976	)
Commercial mortgage backed securities		94		245,420		(27,630	)		10		56,211		(11,423	)		104		301,631		(39,053	)
State and municipal obligations		14		8,637		(738	)		1		207		(43	)		15		8,844		(781	)
Asset backed securities		15		26,559		(2,552	)		—		—		—			15		26,559		(2,552	)
U.S. government and agency obligations		1		215		(1	)		—		—		—			1		215		(1	)
Foreign government bonds and obligations		—		—		—			1		71		(35	)		1		71		(35	)
Total		378	$	930,007	$	(79,332	)		67	$	377,404	$	(90,783	)		445	$	1,307,411	$	(170,115	)

As part of the Company’s ongoing monitoring process, management determined that the decrease in gross unrealized losses on its Available-for-Sale securities for which an allowance for credit losses has not been recognized during the year ended December 31, 2023 is primarily attributable to the impact of lower interest rates and tighter credit spreads. The Company did not recognize these unrealized losses in earnings because it was determined that such losses were due to non-credit factors. The Company does not intend to sell these securities and does not believe that it is more likely than not that the Company will be required to sell these securities before the anticipated recovery of the remaining amortized cost basis. As of December 31, 2023 and 2022, approximately 91% and 89%, respectively, of the total of Available-for-Sale securities with gross unrealized losses were considered investment grade.

F-18

RiverSource Life Insurance Co. of New York

The following table presents a rollforward of the allowance for credit losses on Available-for-Sale securities:


(in thousands)	Corporate Debt Securities
Balance at January 1, 2021	$	739
Additional increases (decreases) on securities that had an allowance recorded in a previous period		(104	)
Charge-offs		(635	)
Balance at December 31, 2021		—
Additions for which credit losses were not previously recorded		572
Balance at December 31, 2022		572
Additions for which credit losses were not previously recorded		365
Reductions for securities sold during the period (realized)		(458	)
Additional increases (decreases) on securities that had an allowance recorded in a previous period		(114	)
Balance at December 31, 2023	$	365

Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in Net realized investment gains (losses) were as follows:


	Years Ended December 31,
(in thousands)	2023			2022			2021
Gross realized investment gains	$	93		$	1,316		$	11,923
Gross realized investment losses		(524	)		(3,234	)		(9	)
Credit reversals (losses)		207			(572	)		104
Other impairments		—			(856	)		(1,641	)
Total	$	(224	)	$	(3,346	)	$	10,377

For the year ended December 31, 2023, net credit reversals primarily related to the reversal of a previously recorded allowance for credit losses due to the sale of a corporate debt security in the communications industry partially offset by recording an allowance for credit losses of another corporate debt security in the communications industry. For the year ended December 31, 2022, credit losses primarily related to recording an allowance for credit losses on a corporate debt security in the communications industry. For the year ended December 31, 2021, net credit reversals primarily related to decreases in an allowance for credit losses. Other impairments for the years ended December 31, 2022 and 2021 related to Available-for-Sale securities which the Company intended to sell.

See Note 18 for a rollforward of net unrealized investment gains (losses) included in AOCI.

Available-for-Sale securities by contractual maturity as of December 31, 2023 were as follows:


(in thousands)	Amortized Cost		Fair Value
Due within one year	$	34,289	$	34,025
Due after one year through five years		174,445		169,312
Due after five years through 10 years		185,592		170,901
Due after 10 years		641,038		637,996
		1,035,364		1,012,234
Residential mortgage backed securities		290,104		252,823
Commercial mortgage backed securities		322,845		289,746
Asset backed securities		31,919		30,738
Total	$	1,680,232	$	1,585,541

Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities were not included in the maturities distribution.

F-19

RiverSource Life Insurance Co. of New York

The following is a summary of Net investment income:


	Years Ended December 31,
(in thousands)	2023		2022		2021
Fixed maturities	$	66,737	$	60,796	$	57,644
Mortgage loans		6,080		6,419		7,223
Other investments		13,384		6,926		2,411
		86,201		74,141		67,278
Less: investment expenses		1,616		1,932		1,909
Total	$	84,585	$	72,209	$	65,369

7. FINANCING RECEIVABLES

Financing receivables are comprised of mortgage loans and policy loans. See Note 2 for information regarding the Company’s accounting policies related to financing receivables and the allowance for credit losses.

Allowance for Credit Losses

The following table presents a rollforward of the allowance for credit losses:


(in thousands)	Mortgage Loans
Balance at January 1, 2021	$	2,075
Provisions		(1,216	)
Balance at December 31, 2021		859
Provisions		106
Balance at December 31, 2022		965
Provisions		(411	)
Balance at December 31, 2023	$	554

As of December 31, 2023 and 2022, accrued interest on mortgage loans was $474 thousand and $516 thousand, respectively, and is recorded in Accrued investment income and excluded from the amortized cost basis of mortgage loans.

Credit Quality Information

There were no nonperforming loans as of both December 31, 2023 and 2022. All loans were considered to be performing.

Mortgage Loans

The Company reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on mortgage loans. Loan-to-value ratio is the primary credit quality indicator included in this review.

Based on this review, the mortgage loans are assigned an internal risk rating, which management updates when credit risk changes. There were no mortgage loans which management has assigned its highest risk rating as of both December 31, 2023 and 2022. Loans with the highest risk rating represent distressed loans which the Company has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. There were no mortgage loans past due as of both December 31, 2023 and 2022.

The tables below present the amortized cost basis of mortgage loans by year of origination and loan-to-value ratio:


	December 31, 2023
(in thousands)	2023		2022		2021		2020		2019		Prior		Total
Loan-to-Value Ratio
>100%	$	—	$	—	$	—	$	—	$	—	$	—	$	—
80% – 100%		—		—		—		1,988		—		2,118		4,106
60% – 80%		—		5,810		—		3,671		2,481		7,027		18,989
40% – 60%		—		2,350		2,433		6,546		5,466		30,058		46,853
<40%		1,488		—		2,981		8,651		10,287		52,109		75,516
Total	$	1,488	$	8,160	$	5,414	$	20,856	$	18,234	$	91,312	$	145,464

F-20

RiverSource Life Insurance Co. of New York


	December 31, 2022
(in thousands)	2022		2021		2020		2019		2018		Prior		Total
Loan-to-Value Ratio
>100%	$	—	$	—	$	2,003	$	—	$	—	$	1,082	$	3,085
80% – 100%		—		2,480		1,751		—		2,191		6,369		12,791
60% – 80%		7,205		1,741		5,950		6,430		1,691		2,739		25,756
40% – 60%		1,142		1,337		2,907		5,195		10,993		21,202		42,776
<40%		—		—		8,970		7,280		8,903		48,472		73,625
Total	$	8,347	$	5,558	$	21,581	$	18,905	$	23,778	$	79,864	$	158,033

Loan-to-value ratio is based on income and expense data provided by borrowers at least annually and long-term capitalization rate assumptions based on property type. For the year ended December 31, 2023, the Company did not have any write-offs of mortgage loans.

In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of mortgage loans by U.S. region were as follows:


	Loans				Percentage
	December 31,				December 31,
(in thousands)	2023		2022		2023			2022
Pacific	$	44,912	$	47,107		31	%		30	%
South Atlantic		25,135		30,528		17			19
Mountain		20,907		21,716		14			14
Middle Atlantic		17,055		16,994		12			11
East North Central		12,125		13,993		8			9
West North Central		10,224		11,651		7			7
West South Central		6,675		7,103		5			5
East South Central		4,904		5,274		3			3
New England		3,527		3,667		3			2
Total	$	145,464	$	158,033		100	%		100	%

Concentrations of credit risk of mortgage loans by property type were as follows:


	Loans				Percentage
	December 31,				December 31,
(in thousands)	2023		2022		2023			2022
Apartments	$	45,692	$	48,592		32	%		31	%
Retail		39,748		45,513		27			29
Industrial		27,264		26,501		19			17
Office		17,849		18,953		12			12
Mixed use		5,882		7,444		4			4
Other		9,029		11,030		6			7
Total	$	145,464	$	158,033		100	%		100	%

Policy Loans

Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses.

Modifications with Borrowers Experiencing Financial Difficulty

There were no modifications of financing receivables with borrowers experiencing financial difficulty by the Company during the year ended December 31, 2023.

F-21

RiverSource Life Insurance Co. of New York

8. DEFERRED ACQUISITION COSTS AND DEFERRED SALES INDUCEMENT COSTS

The following tables summarize the balances of and changes in DAC, including the January 1, 2021 adoption of ASU 2018-12.


(in thousands)	Variable Annuities			Fixed Annuities			Universal Life Insurance			Variable Universal Life Insurance			Indexed Universal Life Insurance
Pre-adoption balance at December 31, 2020	$	112,335		$	2,991		$	5,204		$	24,103		$	10,521
Effect of shadow reserve adjustments		2,903			1,551			1,934			3,003			9,774
Post-adoption balance at January 1, 2021		115,238			4,542			7,138			27,106			20,295
Capitalization of acquisition costs		10,349			—			154			2,648			783
Amortization		(10,306	)		(394	)		(529	)		(2,565	)		(1,410	)
Balance at December 31, 2021	$	115,281		$	4,148		$	6,763		$	27,189		$	19,668


(in thousands)	Other Life Insurance			Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Total, All Products
Pre-adoption balance at December 31, 2020	$	(59	)	$	—		$	805		$	6,662		$	162,562
Effect of shadow reserve adjustments		168			—			—			—			19,333
Post-adoption balance at January 1, 2021		109			—			805			6,662			181,895
Capitalization of acquisition costs		—			23			28			206			14,191
Amortization		(11	)		(5	)		(56	)		(698	)		(15,974	)
Balance at December 31, 2021	$	98		$	18		$	777		$	6,170		$	180,112


(in thousands)	Variable Annuities			Fixed Annuities			Universal Life Insurance			Variable Universal Life Insurance			Indexed Universal Life Insurance
Balance at January 1, 2022	$	115,281		$	4,148		$	6,763		$	27,189		$	19,668
Capitalization of acquisition costs		5,287			—			71			3,152			547
Amortization		(9,648	)		(798	)		(496	)		(2,470	)		(1,378	)
Balance at December 31, 2022	$	110,920		$	3,350		$	6,338		$	27,871		$	18,837


(in thousands)	Other Life Insurance			Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Total, All Products
Balance at January 1, 2022	$	98		$	18		$	777		$	6,170		$	180,112
Capitalization of acquisition costs		—			87			97			214			9,455
Amortization		(10	)		(4	)		(60	)		(665	)		(15,529	)
Balance at December 31, 2022	$	88		$	101		$	814		$	5,719		$	174,038


(in thousands)	Variable Annuities			Fixed Annuities			Universal Life Insurance			Variable Universal Life Insurance			Indexed Universal Life Insurance
Balance at January 1, 2023	$	110,920		$	3,350		$	6,338		$	27,871		$	18,837
Capitalization of acquisition costs		3,760			—			21			3,117			383
Amortization		(9,121	)		(781	)		(462	)		(2,377	)		(1,362	)
Balance at December 31, 2023	$	105,559		$	2,569		$	5,897		$	28,611		$	17,858


(in thousands)	Other Life Insurance			Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Total, All Products
Balance at January 1, 2023	$	88		$	101		$	814		$	5,719		$	174,038
Capitalization of acquisition costs		—			175			56			205			7,717
Amortization		(9	)		(12	)		(63	)		(635	)		(14,822	)
Balance at December 31, 2023	$	79		$	264		$	807		$	5,289		$	166,933

F-22

RiverSource Life Insurance Co. of New York

The following tables summarize the balances of and changes in DSIC, including the January 1, 2021 adoption of ASU 2018-12. DSIC are recorded in Other assets.


(in thousands)	Variable Annuities			Fixed Annuities			Total, All Products
Pre-adoption balance at December 31, 2020	$	7,796		$	800		$	8,596
Effect of shadow reserve adjustments		272			552			824
Post-adoption balance at January 1, 2021		8,068			1,352			9,420
Capitalization of sales inducement costs		43			10			53
Amortization		(827	)		(154	)		(981	)
Balance at December 31, 2021	$	7,284		$	1,208		$	8,492


(in thousands)	Variable Annuities			Fixed Annuities			Total, All Products
Balance at January 1, 2022	$	7,284		$	1,208		$	8,492
Capitalization of sales inducement costs		30			7			37
Amortization		(725	)		(209	)		(934	)
Balance at December 31, 2022	$	6,589		$	1,006		$	7,595


(in thousands)	Variable Annuities			Fixed Annuities			Total, All Products
Balance at January 1, 2023	$	6,589		$	1,006		$	7,595
Capitalization of sales inducement costs		—			—			—
Amortization		(639	)		(235	)		(874	)
Balance at December 31, 2023	$	5,950		$	771		$	6,721

9. REINSURANCE

The Company reinsures a portion of its insurance risks through reinsurance agreements with unaffiliated reinsurance companies.

Reinsurance contracts do not relieve the Company from its primary obligation to policyholders.

The Company generally reinsures 90% of the death benefit liability for new term life insurance policies beginning in 2002 and new individual UL and VUL insurance policies beginning in 2003. Policies issued prior to these dates are not subject to these same reinsurance levels.

However, for IUL policies issued after September 1, 2013 and VUL policies issued after January 1, 2014, the Company generally reinsures 50% of the death benefit liability.

The maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual. Risk on UL and VUL policies is reinsured on a yearly renewable term basis. Risk on most term life policies starting in 2002 is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.

The Company also has life insurance risk previously assumed under reinsurance arrangements with an unaffiliated insurance company.

As of December 31, 2002, the Company discontinued underwriting LTC insurance. For existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to Genworth Life Insurance Company of New York (“Genworth”) and retains the remaining risk. This reinsurance arrangement applies for 1996 and later issues only, which are 89% of the Company’s total in force policies. Under these agreements, the Company has the right, but never the obligation, to recapture some, or all, of the risk ceded to Genworth.

Generally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in 2010 and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies. The Company retains all risk for new claims on DI contracts sold on other policy forms introduced prior to 2010. The Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.

As of December 31, 2023 and 2022, traditional life and UL insurance policies in force were $11.4 billion and $11.5 billion, respectively, of which $8.0 billion and $8.2 billion as of December 31, 2023 and 2022 were reinsured at the respective year ends.

The effect of reinsurance on premiums for traditional long-duration products was as follows:


	Years Ended December 31,
(in thousands)	2023			2022			2021
Direct premiums	$	32,254		$	27,673		$	26,456
Reinsurance ceded		(10,841	)		(10,980	)		(11,040	)
Net premiums	$	21,413		$	16,693		$	15,416

F-23

RiverSource Life Insurance Co. of New York

Policy and contract charges are presented on the Statements of Income net of $11.0 million, $10.3 million and $9.3 million of reinsurance ceded for non-traditional long-duration products for the years ended December 31, 2023, 2022 and 2021, respectively.

The amount of claims recovered through reinsurance on all contracts was $22.6 million, $20.4 million and $16.0 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Reinsurance recoverables include approximately $156.7 million and $149.3 million related to LTC risk ceded to Genworth as of December 31, 2023 and 2022, respectively.

Policyholder account balances, future policy benefits and claims include $1.1 million and $1.2 million related to previously assumed reinsurance arrangements as of December 31, 2023 and 2022, respectively.

10. POLICYHOLDER ACCOUNT BALANCES, FUTURE POLICY BENEFITS AND CLAIMS

Policyholder account balances, future policy benefits and claims consisted of the following:


	December 31,
(in thousands)	2023		2022
Policyholder account balances
Policyholder account balances	$	1,322,686	$	1,392,756
Future policy benefits
Liability for future policy benefits		480,237		461,095
Deferred profit liability		5,772		4,768
Additional liabilities for insurance guarantees		86,365		76,941
Other insurance and annuity liabilities		12,043		4,340
Total future policy benefits		584,417		547,144
Policy claims and other policyholders’ funds		9,896		10,096
Total policyholder account balances, future policy benefits and claims	$	1,916,999	$	1,949,996

Variable Annuities

Purchasers of variable annuities can select from a variety of investment options and can elect to allocate a portion to a fixed account. A vast majority of the premiums received for variable annuity contracts are held in separate accounts where the assets are held for the exclusive benefit of those contractholders.

Most of the variable annuity contracts issued by the Company contain a GMDB. The Company previously offered contracts with GMAB, GMWB and GMIB provisions. See Note 2 and Note 12 for additional information regarding the Company’s variable annuity guarantees. See Note 13 and Note 17 for additional information regarding the Company’s derivative instruments used to hedge risks related to these guarantees.

Fixed Annuities

Fixed annuities include both deferred and payout contracts. In 2020, the Company discontinued sales of fixed deferred annuities.

Deferred contracts offer a guaranteed minimum rate of interest and security of the principal invested. Payout contracts guarantee a fixed income payment for life or the term of the contract. Liabilities for fixed annuities in a benefit or payout status are based on future estimated payments using established industry mortality tables and interest rates.

Insurance Liabilities

UL policies accumulate cash value that increases by a fixed interest rate. Purchasers of VUL can select from a variety of investment options and can elect to allocate a portion of their account balance to a fixed account or a separate account. A vast majority of the premiums received for VUL policies are held in separate accounts where the assets are held for the exclusive benefit of those policyholders.

IUL is a UL policy that includes an indexed account. The rate of credited interest for funds allocated by a contractholder to the indexed account is linked to the performance of the specific index for the indexed account (subject to stated account parameters, which include a cap and floor, or a spread). The policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account. The amount allocated by a contractholder to the indexed account creates an embedded derivative which is measured at fair value. The Company hedges the interest credited rate including equity and interest rate risk related to the indexed account with freestanding derivative instruments. See Note 17 for additional information regarding the Company’s derivative instruments used to hedge the risk related to IUL.

The Company also offers term life insurance as well as DI products. The Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years.

Insurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses.

F-24

RiverSource Life Insurance Co. of New York

The balances of and changes in policyholder account balances were as follows:


(in thousands, except percentages)	Variable Annuities			Fixed Annuities			Non-Life Contingent Payout Annuities			Universal Life Insurance
Balance at January 1, 2023	$	267,080		$	730,919		$	27,698		$	90,510
Contract deposits		9,736			8,023			4,254			9,224
Policy charges		(554	)		(45	)		—			(12,393	)
Surrenders and other benefits		(30,401	)		(88,051	)		(7,521	)		(3,147	)
Net transfer from (to) separate account liabilities		(3,010	)		—			—			—
Interest credited		8,205			26,789			621			3,014
Balance at December 31, 2023	$	251,056		$	677,635		$	25,052		$	87,208
Weighted-average crediting rate		3.2	%		3.9	%		N/A			3.4	%
Net amount at risk		N/A			N/A			N/A		$	592,770
Cash surrender value⁽¹⁾	$	247,881		$	676,453			N/A		$	76,809


(in thousands, except percentages)	Variable Universal Life Insurance			Indexed Universal Life Insurance			Other Life Insurance			Total, All Products
Balance at January 1, 2023	$	98,080		$	152,485		$	25,984		$	1,392,756
Contract deposits		10,495			13,828			—			55,560
Policy charges		(6,655	)		(8,081	)		—			(27,728	)
Surrenders and other benefits		(4,774	)		(3,765	)		(2,477	)		(140,136	)
Net transfer from (to) separate account liabilities		(2,897	)		—			—			(5,907	)
Interest credited		3,728			4,810			974			48,141
Balance at December 31, 2023	$	97,977		$	159,277		$	24,481		$	1,322,686
Weighted-average crediting rate		4.0	%		2.0	%		4.0	%
Net amount at risk	$	3,049,078		$	951,825		$	10,233
Cash surrender value⁽¹⁾	$	69,218		$	135,122		$	18,716


(in thousands, except percentages)	Variable Annuities			Fixed Annuities			Non-Life Contingent Payout Annuities			Universal Life Insurance
Balance at January 1, 2022	$	268,266		$	751,081		$	28,499		$	94,662
Contract deposits		12,592			10,520			4,901			10,167
Policy charges		(551	)		(12	)		—			(12,494	)
Surrenders and other benefits		(19,469	)		(57,895	)		(7,018	)		(4,888	)
Net transfer from (to) separate account liabilities		(2,028	)		—			—			—
Interest credited		8,270			27,225			1,316			3,063
Balance at December 31, 2022	$	267,080		$	730,919		$	27,698		$	90,510
Weighted-average crediting rate		3.2	%		3.8	%		N/A			3.4	%
Net amount at risk		N/A			N/A			N/A		$	622,950
Cash surrender value⁽¹⁾	$	263,788		$	729,330			N/A		$	79,202


(in thousands, except percentages)	Variable Universal Life Insurance			Indexed Universal Life Insurance			Other Life Insurance			Total, All Products
Balance at January 1, 2022	$	98,292		$	143,396		$	28,265		$	1,412,461
Contract deposits		8,185			14,582			(228	)		60,719
Policy charges		(6,606	)		(7,525	)		—			(27,188	)
Surrenders and other benefits		(4,352	)		(1,800	)		(3,092	)		(98,514	)
Net transfer from (to) separate account liabilities		(1,247	)		—			—			(3,275	)
Interest credited		3,808			3,832			1,039			48,553
Balance at December 31, 2022	$	98,080		$	152,485		$	25,984		$	1,392,756
Weighted-average crediting rate		4.0	%		2.0	%		4.0	%
Net amount at risk	$	3,068,303		$	970,129		$	10,697
Cash surrender value⁽¹⁾	$	70,324		$	126,862		$	20,209

⁽¹⁾	Cash surrender value represents the amount of the contractholder’s account balances distributable at the balance sheet date less certain surrender charges. For VA and VUL, the cash surrender value shown is the proportion of the total cash surrender value related to their fixed account liabilities.

F-25

RiverSource Life Insurance Co. of New York

Refer to Note 12 for the net amount at risk for market risk benefits associated with variable annuities. Fixed and non-life contingent payout annuities do not have net amount at risk in excess of account value. Net amount at risk for insurance products is calculated as the death benefit amount in excess of applicable account values, host, embedded derivative and separate account liabilities.

The following tables present the account values of fixed deferred annuities, fixed insurance, and the fixed portion of variable annuities and variable insurance contracts by range of guaranteed minimum interest rates (“GMIRs”) and the range of the difference between rates credited to policyholders and contractholders as of December 31, 2023 and 2022 and the respective guaranteed minimums, as well as the percentage of account values subject to rate reset in the time period indicated. Rates are reset at management’s discretion, subject to guaranteed minimums.


	December 31, 2023
		Account Values with Crediting Rates
(in thousands, except percentages)	Range of Guaranteed Minimum Crediting Rates	At Guaranteed Minimum			1-49 bps above Guaranteed Minimum			50-99 bps above Guaranteed Minimum			100-150 bps above Guaranteed Minimum			Greater than 150 bps above Guaranteed Minimum			Total
Fixed accounts of variable annuities	1% – 1.99%	$	3,762		$	12,487		$	6,593		$	3,836		$	1,353		$	28,031
	2% – 2.99%		5,385			—			—			—			—			5,385
	3% – 3.99%		119,503			—			—			—			—			119,503
	4% – 5.00%		91,460			—			—			—			—			91,460
	Total	$	220,110		$	12,487		$	6,593		$	3,836		$	1,353		$	244,379
Fixed annuities	1% – 1.99%	$	6,931		$	26,004		$	12,838		$	8,108		$	—		$	53,881
	2% – 2.99%		893			269			—			—			—			1,162
	3% – 3.99%		300,328			86			—			—			—			300,414
	4% – 5.00%		321,863			—			—			—			—			321,863
	Total	$	630,015		$	26,359		$	12,838		$	8,108		$	—		$	677,320
Universal life insurance	1% – 1.99%	$	—		$	—		$	—		$	—		$	—		$	—
	2% – 2.99%		3,411			117			465			7			25			4,025
	3% – 3.99%		47,337			46			259			420			—			48,062
	4% – 5.00%		32,800			59			19			—			—			32,878
	Total	$	83,548		$	222		$	743		$	427		$	25		$	84,965
Fixed accounts of variable universal life insurance	1% – 1.99%	$	—		$	264		$	171		$	—		$	1,068		$	1,503
	2% – 2.99%		920			640			—			41			412			2,013
	3% – 3.99%		6,405			38			123			462			—			7,028
	4% – 5.00%		45,045			144			—			—			—			45,189
	Total	$	52,370		$	1,086		$	294		$	503		$	1,480		$	55,733
Non-indexed accounts of indexed universal life insurance	1% – 1.99%	$	—		$	—		$	184		$	—		$	—		$	184
	2% – 2.99%		9,091			—			—			—			—			9,091
	3% – 3.99%		—			—			—			—			—			—
	4% – 5.00%		—			—			—			—			—			—
	Total	$	9,091		$	—		$	184		$	—		$	—		$	9,275
Other life insurance	1% – 1.99%	$	—		$	—		$	—		$	—		$	—		$	—
	2% – 2.99%		—			—			—			—			—			—
	3% – 3.99%		—			—			—			—			—			—
	4% – 5.00%		18,649			—			—			—			—			18,649
	Total	$	18,649		$	—		$	—		$	—		$	—		$	18,649
Total	1% – 1.99%	$	10,693		$	38,755		$	19,786		$	11,944		$	2,421		$	83,599
	2% – 2.99%		19,700			1,026			465			48			437			21,676
	3% – 3.99%		473,573			170			382			882			—			475,007
	4% – 5.00%		509,817			203			19			—			—			510,039
	Total	$	1,013,783		$	40,154		$	20,652		$	12,874		$	2,858		$	1,090,321
Percentage of total account values that reset in:
Next 12 months			100.0	%		99.7	%		99.0	%		100.0	%		100.0	%		100.0	%
>12 months to 24 months			—			0.3			1.0			—			—			—
>24 months			—			—			—			—			—			—
Total			100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

F-26

RiverSource Life Insurance Co. of New York


	December 31, 2022
		Account Values with Crediting Rates
(in thousands, except percentages)	Range of Guaranteed Minimum Crediting Rates	At Guaranteed Minimum			1-49 bps above Guaranteed Minimum			50-99 bps above Guaranteed Minimum			100-150 bps above Guaranteed Minimum			Greater than 150 bps above Guaranteed Minimum			Total
Fixed accounts of variable annuities	1% – 1.99%	$	17,394		$	7,427		$	1,612		$	54		$	44		$	26,531
	2% – 2.99%		6,233			—			—			—			—			6,233
	3% – 3.99%		132,527			—			—			—			—			132,527
	4% – 5.00%		95,654			—			—			—			—			95,654
	Total	$	251,808		$	7,427		$	1,612		$	54		$	44		$	260,945
Fixed annuities	1% – 1.99%	$	27,163		$	26,774		$	12,274		$	2,501		$	1,683		$	70,395
	2% – 2.99%		1,415			—			—			—			—			1,415
	3% – 3.99%		341,318			—			—			—			—			341,318
	4% – 5.00%		317,477			—			—			—			—			317,477
	Total	$	687,373		$	26,774		$	12,274		$	2,501		$	1,683		$	730,605
Universal life insurance	1% – 1.99%	$	—		$	—		$	—		$	—		$	—		$	—
	2% – 2.99%		3,562			—			75			4			6			3,647
	3% – 3.99%		49,437			36			185			80			—			49,738
	4% – 5.00%		35,024			—			—			—			—			35,024
	Total	$	88,023		$	36		$	260		$	84		$	6		$	88,409
Fixed accounts of variable universal life insurance	1% – 1.99%	$	744		$	22		$	166		$	—		$	536		$	1,468
	2% – 2.99%		1,626			—			56			59			291			2,032
	3% – 3.99%		6,858			14			191			45			—			7,108
	4% – 5.00%		48,372			—			—			—			—			48,372
	Total	$	57,600		$	36		$	413		$	104		$	827		$	58,980
Non-indexed accounts of indexed universal life insurance	1% – 1.99%	$	—		$	—		$	440		$	—		$	—		$	440
	2% – 2.99%		8,622			—			—			—			—			8,622
	3% – 3.99%		—			—			—			—			—			—
	4% – 5.00%		—			—			—			—			—			—
	Total	$	8,622		$	—		$	440		$	—		$	—		$	9,062
Other life insurance	1% – 1.99%	$	—		$	—		$	—		$	—		$	—		$	—
	2% – 2.99%		—			—			—			—			—			—
	3% – 3.99%		—			—			—			—			—			—
	4% – 5.00%		20,154			—			—			—			—			20,154
	Total	$	20,154		$	—		$	—		$	—		$	—		$	20,154
Total	1% – 1.99%	$	45,301		$	34,223		$	14,492		$	2,555		$	2,263		$	98,834
	2% – 2.99%		21,458			—			131			63			297			21,949
	3% – 3.99%		530,140			50			376			125			—			530,691
	4% – 5.00%		516,681			—			—			—			—			516,681
	Total	$	1,113,580		$	34,273		$	14,999		$	2,743		$	2,560		$	1,168,155
Percentage of total account values that reset in:
Next 12 months			99.9	%		83.0	%		89.7	%		100.0	%		100.0	%		99.3	%
>12 months to 24 months			0.1			16.2			9.9			—			—			0.7
>24 months			—			0.8			0.4			—			—			—
Total			100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%

F-27

RiverSource Life Insurance Co. of New York

The following tables summarize the balances of and changes in the liability for future policy benefits, including the January 1, 2021 adoption of ASU 2018-12:


(in thousands)	Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Long Term Care Insurance			Total, All Products
Pre-adoption balance at December 31, 2020	$	89,471		$	37,489		$	27,771		$	359,311		$	514,042
Effect of shadow reserve adjustments		(10,000	)		—			—			(43,400	)		(53,400	)
Adjustments for loss contracts (with premiums in excess of gross premiums) under the modified retrospective approach		200			—			—			1,229			1,429
Effect of change in deferred profit liability		(2,755	)		—			—			—			(2,755	)
Effect of remeasurement of the liability at the current single A discount rate		12,644			15,220			12,083			128,049			167,996
Post-adoption balance at January 1, 2021		89,560			52,709			39,854			445,189			627,312
Less: reinsurance recoverable		—			35,085			702			199,963			235,750
Post-adoption balance at January 1, 2021, after reinsurance recoverable	$	89,560		$	17,624		$	39,152		$	245,226		$	391,562

(in thousands, except percentages)

Present Value of Expected Net Premiums:
Balance at January 1, 2021	$	—		$	37,950		$	12,288		$	77,495		$	127,733
Beginning balance at original discount rate		—			29,946			9,404			62,785			102,135
Effect of changes in cash flow assumptions		—			24			—			(12	)		12
Effect of actual variances from expected experience		—			173			(1,957	)		(3,068	)		(4,852	)
Adjusted beginning of year balance	$	—		$	30,143		$	7,447		$	59,705		$	97,295
Issuances		1,730			4,899			917			—			7,546
Interest accrual		—			1,540			467			3,040			5,047
Net premiums collected		(1,730	)		(3,502	)		(1,062	)		(7,848	)		(14,142	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	—		$	33,080		$	7,769		$	54,897		$	95,746
Effect of changes in discount rate assumptions		—			5,881			1,694			10,204			17,779
Balance at December 31, 2021	$	—		$	38,961		$	9,463		$	65,101		$	113,525

Present Value of Future Policy Benefits:
Balance at January 1, 2021	$	89,560		$	90,660		$	52,142		$	522,684		$	755,046
Beginning balance at original discount rate		76,916			67,434			37,175			379,926			561,451
Effect of changes in cash flow assumptions		—			24			—			62			86
Effect of actual variances from expected experience		(666	)		116			(2,203	)		(3,315	)		(6,068	)
Adjusted beginning of year balance	$	76,250		$	67,574		$	34,972		$	376,673		$	555,469
Issuances		1,927			4,897			917			—			7,741
Interest accrual		3,137			3,932			2,049			20,216			29,334
Benefit payments		(9,837	)		(6,488	)		(2,683	)		(19,157	)		(38,165	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	71,477		$	69,915		$	35,255		$	377,732		$	554,379
Effect of changes in discount rate assumptions		8,230			17,716			11,463			112,657			150,066
Balance at December 31, 2021	$	79,707		$	87,631		$	46,718		$	490,389		$	704,445

Adjustment due to reserve flooring	$	—		$	124		$	—		$	—		$	124

Net liability for future policy benefits	$	79,707		$	48,794		$	37,255		$	425,288		$	591,044
Less: reinsurance recoverable		—			33,344			780			191,576			225,700
Net liability for future policy benefits, after reinsurance recoverable	$	79,707		$	15,450		$	36,475		$	233,712		$	365,344
Discounted expected future gross premiums	$	—		$	95,686		$	59,559		$	68,855		$	224,100
Expected future gross premiums	$	—		$	126,793		$	71,497		$	80,456		$	278,746
Expected future benefit payments	$	98,474		$	116,891		$	61,301		$	678,673		$	955,339

Weighted average interest accretion rate		4.2	%		6.4	%		5.9	%		5.4	%
Weighted average discount rate		2.5	%		2.7	%		2.7	%		2.8	%

Weighted average duration of liability (in years)		7			7			8			10

F-28

RiverSource Life Insurance Co. of New York


(in thousands, except percentages)	Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Long Term Care Insurance			Total, All Products
Present Value of Expected Net Premiums:
Balance at January 1, 2022	$	—		$	38,961		$	9,463		$	65,101		$	113,525
Beginning balance at original discount rate		—			33,080			7,769			54,897			95,746
Effect of changes in cash flow assumptions		—			2,253			41			(970	)		1,324
Effect of actual variances from expected experience		—			478			(612	)		(2,913	)		(3,047	)
Adjusted beginning of year balance	$	—		$	35,811		$	7,198		$	51,014		$	94,023
Issuances		2,950			2,675			695			—			6,320
Interest accrual		8			1,631			390			2,654			4,683
Net premiums collected		(2,958	)		(3,439	)		(857	)		(7,255	)		(14,509	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	—		$	36,678		$	7,426		$	46,413		$	90,517
Effect of changes in discount rate assumptions		—			(2,058	)		(100	)		226			(1,932	)
Balance at December 31, 2022	$	—		$	34,620		$	7,326		$	46,639		$	88,585

Present Value of Future Policy Benefits:
Balance at January 1, 2022	$	79,707		$	87,631		$	46,718		$	490,389		$	704,445
Beginning balance at original discount rate		71,477			69,915			35,255			377,732			554,379
Effect of changes in cash flow assumptions		—			1,989			53			1,932			3,974
Effect of actual variances from expected experience		(1,876	)		380			(943	)		(1,772	)		(4,211	)
Adjusted beginning of year balance	$	69,601		$	72,284		$	34,365		$	377,892		$	554,142
Issuances		2,950			2,676			698			—			6,324
Interest accrual		2,830			4,022			1,998			19,965			28,815
Benefit payments		(9,180	)		(4,744	)		(2,572	)		(20,943	)		(37,439	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	66,201		$	74,238		$	34,489		$	376,914		$	551,842
Effect of changes in discount rate assumptions		(4,814	)		(532	)		1,622			1,493			(2,231	)
Balance at December 31, 2022	$	61,387		$	73,706		$	36,111		$	378,407		$	549,611

Adjustment due to reserve flooring	$	—		$	69		$	—		$	—		$	69

Net liability for future policy benefits	$	61,387		$	39,155		$	28,785		$	331,768		$	461,095
Less: reinsurance recoverable		—			27,134			669			148,609			176,412
Net liability for future policy benefits, after reinsurance recoverable	$	61,387		$	12,021		$	28,116		$	183,159		$	284,683
Discounted expected future gross premiums	$	—		$	93,084		$	47,976		$	51,373		$	192,433
Expected future gross premiums	$	—		$	149,730		$	68,574		$	69,925		$	288,229
Expected future benefit payments	$	90,675		$	123,160		$	59,626		$	660,615		$	934,076

Weighted average interest accretion rate		4.2	%		6.4	%		6.1	%		5.4	%
Weighted average discount rate		5.2	%		5.5	%		5.4	%		5.4	%

Weighted average duration of liability (in years)		5			6			8			9

F-29

RiverSource Life Insurance Co. of New York


(in thousands, except percentages)	Life Contingent Payout Annuities			Term and Whole Life Insurance			Disability Income Insurance			Long Term Care Insurance			Total, All Products
Present Value of Expected Net Premiums:
Balance at January 1, 2023	$	—		$	34,620		$	7,326		$	46,639		$	88,585
Beginning balance at original discount rate		—			36,678			7,426			46,413			90,517
Effect of changes in cash flow assumptions		—			(1,238	)		(788	)		3,562			1,536
Effect of actual variances from expected experience		—			(754	)		819			1,791			1,856
Adjusted beginning of year balance	$	—		$	34,686		$	7,457		$	51,766		$	93,909
Issuances		8,076			2,607			716			—			11,399
Interest accrual		39			1,747			390			2,473			4,649
Net premiums collected		(8,115	)		(3,391	)		(843	)		(6,842	)		(19,191	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	—		$	35,649		$	7,720		$	47,397		$	90,766
Effect of changes in discount rate assumptions		—			(1,127	)		116			1,092			81
Balance at December 31, 2023	$	—		$	34,522		$	7,836		$	48,489		$	90,847

Present Value of Future Policy Benefits:
Balance at January 1, 2023	$	61,387		$	73,706		$	36,111		$	378,407		$	549,611
Beginning balance at original discount rate		66,201			74,238			34,489			376,914			551,842
Effect of changes in cash flow assumptions		—			(1,241	)		(1,091	)		2,302			(30	)
Effect of actual variances from expected experience		(1,074	)		(1,296	)		1,000			7,258			5,888
Adjusted beginning of year balance	$	65,127		$	71,701		$	34,398		$	386,474		$	557,700
Issuances		8,076			2,607			714			—			11,397
Interest accrual		2,810			4,066			2,031			20,274			29,181
Benefit payments		(8,743	)		(5,215	)		(2,500	)		(23,464	)		(39,922	)
Derecognition (lapses)		—			—			—			—			—
Ending balance at original discount rate	$	67,270		$	73,159		$	34,643		$	383,284		$	558,356
Effect of changes in discount rate assumptions		(3,009	)		1,079			2,470			12,102			12,642
Balance at December 31, 2023	$	64,261		$	74,238		$	37,113		$	395,386		$	570,998

Adjustment due to reserve flooring	$	—		$	86		$	—		$	—		$	86

Net liability for future policy benefits	$	64,261		$	39,802		$	29,277		$	346,897		$	480,237
Less: reinsurance recoverable		—			28,013			942			156,173			185,128
Net liability for future policy benefits, after reinsurance recoverable	$	64,261		$	11,789		$	28,335		$	190,724		$	295,109
Discounted expected future gross premiums	$	—		$	88,128		$	47,156		$	52,116		$	187,400
Expected future gross premiums	$	—		$	138,691		$	65,922		$	69,651		$	274,264
Expected future benefit payments	$	93,290		$	120,813		$	58,748		$	653,735		$	926,586

Weighted average interest accretion rate		4.2	%		6.2	%		6.1	%		5.3	%
Weighted average discount rate		4.9	%		5.1	%		5.1	%		5.1	%

Weighted average duration of liability (in years)		6			7			8			8

Impacts of the annual review of policy benefit reserves assumptions are reflected within the effect of changes in cash flow assumptions in the disaggregated rollforwards above. The annual review of policy benefit reserves assumptions in the third quarter of 2023 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase and benefit reduction assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2022 resulted in a net increase in future policy benefit reserves, primarily due to updates to LTC morbidity, premium rate increase and benefit reduction assumptions, and updates to term life lapse assumptions. The annual review of policy benefit reserves assumptions in the third quarter of 2021 resulted in a net decrease in future policy benefit reserves, primarily due to updates to LTC premium rate increase and benefit reduction assumptions.

F-30

RiverSource Life Insurance Co. of New York

The balances of and changes in additional liabilities related to insurance guarantees were as follows:


(in thousands, except percentages)	Universal Life Insurance			Variable Universal Life Insurance			Other Life Insurance			Total, All Products
Balance at January 1, 2023	$	72,524		$	4,620		$	(203	)	$	76,941
Interest accrual		2,317			344			28			2,689
Benefit accrual		9,474			405			218			10,097
Benefit payments		(4,890	)		(405	)		(309	)		(5,604	)
Effect of actual variances from expected experience		(751	)		462			(140	)		(429	)
Impact of change in net unrealized (gains) losses on securities		1,965			83			623			2,671
Balance at December 31, 2023	$	80,639		$	5,509		$	217		$	86,365
Weighted average interest accretion rate		2.9	%		6.7	%		4.0	%
Weighted average discount rate		3.2	%		7.0	%		4.1	%
Weighted average duration of reserves (in years)		10			8			7


(in thousands, except percentages)	Universal Life Insurance			Variable Universal Life Insurance			Other Life Insurance			Total, All Products
Balance at January 1, 2022	$	74,498		$	4,328		$	2,717		$	81,543
Interest accrual		2,115			297			42			2,454
Benefit accrual		8,754			344			92			9,190
Benefit payments		(1,956	)		—			(426	)		(2,382	)
Effect of actual variances from expected experience		(2,836	)		(6	)		(82	)		(2,924	)
Impact of change in net unrealized (gains) losses on securities		(8,051	)		(343	)		(2,546	)		(10,940	)
Balance at December 31, 2022	$	72,524		$	4,620		$	(203	)	$	76,941
Weighted average interest accretion rate		2.9	%		6.7	%		4.2	%
Weighted average discount rate		3.2	%		7.1	%		4.0	%
Weighted average duration of reserves (in years)		10			7			7

The amount of revenue and interest recognized in the Statements of Income was as follows:


	Years Ended December 31,
	2023				2022				2021
(in thousands)	Gross Premiums		Interest Expense		Gross Premiums		Interest Expense		Gross Premiums		Interest Expense
Life contingent payout annuities	$	8,895	$	2,771	$	3,353	$	2,822	$	1,730	$	3,137
Term and whole life insurance		9,177		2,319		9,534		2,391		9,235		2,392
Disability income insurance		6,609		1,641		6,765		1,608		6,928		1,582
Long term care insurance		7,573		17,801		8,021		17,311		8,563		17,176
Total	$	32,254	$	24,532	$	27,673	$	24,132	$	26,456	$	24,287

The following table summarizes the balances of and changes in unearned revenue, including the January 1, 2021 adoption of ASU 2018-12:


(in thousands)	Universal Life Insurance			Variable Universal Life Insurance			Indexed Universal Life Insurance			Total, All Products
Pre-adoption balance at December 31, 2020	$	28		$	3,836		$	450		$	4,314
Effect of shadow reserve adjustments		63			449			11,632			12,144
Post-adoption balance at January 1, 2021		91			4,285			12,082			16,458
Deferral of revenue		19			1,386			3,970			5,375
Amortization		(13	)		(377	)		(1,007	)		(1,397	)
Balance at December 31, 2021		97			5,294			15,045			20,436
Deferral of revenue		15			2,086			3,913			6,014
Amortization		(14	)		(468	)		(1,224	)		(1,706	)
Balance at December 31, 2022		98			6,912			17,734			24,744
Deferral of revenue		14			2,714			3,877			6,605
Amortization		(14	)		(588	)		(1,457	)		(2,059	)
Balance at December 31, 2023	$	98		$	9,038		$	20,154		$	29,290

F-31

RiverSource Life Insurance Co. of New York

11. SEPARATE ACCOUNT ASSETS AND LIABILITIES

The fair value of separate account assets is invested exclusively in mutual funds.

No gains or losses were recognized on assets transferred to separate accounts for the years ended December 31, 2023, 2022 and 2021.

The balances of and changes in separate account liabilities were as follows:


(in thousands)	Variable Annuities			Variable Universal Life			Total
Balance at January 1, 2023	$	3,793,152		$	437,738		$	4,230,890
Premiums and deposits		83,153			25,482			108,635
Policy charges		(77,945	)		(18,750	)		(96,695	)
Surrenders and other benefits		(298,531	)		(20,075	)		(318,606	)
Investment return		516,055			71,946			588,001
Net transfer from (to) general account		2,510			661			3,171
Other charges		(69	)		(3	)		(72	)
Balance at December 31, 2023	$	4,018,325		$	496,999		$	4,515,324
Cash surrender value	$	3,912,313		$	472,542		$	4,384,855


(in thousands)	Variable Annuities			Variable Universal Life			Total
Balance at January 1, 2022	$	4,897,176		$	535,085		$	5,432,261
Premiums and deposits		102,016			25,622			127,638
Policy charges		(80,319	)		(17,861	)		(98,180	)
Surrenders and other benefits		(271,750	)		(13,816	)		(285,566	)
Investment return		(856,480	)		(92,941	)		(949,421	)
Net transfer from (to) general account		2,414			1,648			4,062
Other charges		95			1			96
Balance at December 31, 2022	$	3,793,152		$	437,738		$	4,230,890
Cash surrender value	$	3,676,735		$	417,230		$	4,093,965

12. MARKET RISK BENEFITS

Market risk benefits are contracts or contract features that both provide protection to the contractholder from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. Most of the variable annuity contracts issued by the Company contain a GMDB provision. The Company previously offered contracts containing GMWB, GMAB, or GMIB provisions.

The GMDB provisions provide a specified minimum return upon death of the contractholder. The death benefit payable is the greater of (i) the contract value less any purchase payment credits subject to recapture less a pro-rata portion of any rider fees, or (ii) the GMDB provisions specified in the contract. The Company has the following primary GMDB provisions:

•

Return of premium — provides purchase payments minus adjusted partial surrenders.

•

Reset — provides that the value resets to the account value at specified contract anniversary intervals minus adjusted partial surrenders. This provision was often provided in combination with the return of premium provision and is no longer offered.

•

Ratchet — provides that the value ratchets up to the maximum account value at specified anniversary intervals, plus subsequent purchase payments less adjusted partial surrenders.

The variable annuity contracts with GMWB riders typically have account values that are based on an underlying portfolio of mutual funds, the values of which fluctuate based on fund performance. At contract issue, the guaranteed amount is equal to the amount deposited but the guarantee may be increased annually to the account value (a “step-up”) in the case of favorable market performance or by a benefit credit if the contract includes this provision.

The Company has GMWB riders in force, which contain one or more of the following provisions:

•

Withdrawals at a specified rate per year until the amount withdrawn is equal to the guaranteed amount.

•

Withdrawals at a specified rate per year for the life of the contractholder (“GMWB for life”).

•

Withdrawals at a specified rate per year for joint contractholders while either is alive.

•

Withdrawals based on performance of the contract.

•

Withdrawals based on the age withdrawals begin.

•

Credits are applied annually for a specified number of years to increase the guaranteed amount as long as withdrawals have not been taken.

F-32

RiverSource Life Insurance Co. of New York

Variable annuity contractholders age 79 or younger at contract issue could obtain a principal-back guarantee by purchasing the optional GMAB rider for an additional charge. The GMAB rider guarantees that, regardless of market performance at the end of the 10-year waiting period, the contract value will be no less than the original investment or a specified percentage of the highest anniversary value, adjusted for withdrawals. If the contract value is less than the guarantee at the end of the 10-year period, a lump sum will be added to the contract value to make the contract value equal to the guarantee value.

Individual variable annuity contracts may have both a death benefit and a living benefit. Net amount at risk is quantified for each benefit and a composite net amount at risk is calculated using the greater of the death benefit or living benefit for each individual contract. The net amount at risk for GMDB and GMAB is defined as the current guaranteed benefit amount in excess of the current contract value. The net amount at risk for GMIB is defined as the greater of the present value of the minimum guaranteed annuity payments less the current contract value or zero. The net amount at risk for GMWB is defined as the greater of the present value of the minimum guaranteed withdrawal payments less the current contract value or zero.

The following tables summarize the balances of and changes in market risk benefits, including the January 1, 2021 adoption of ASU 2018-12:


	(in thousands)
Pre-adoption balance at December 31, 2020	$	137,943
Effect of shadow reserve adjustments		(396	)
Adjustments for the cumulative effect of the changes in instrument-specific credit risk on market risk benefits between the original contract issuance date and the transition date		28,704
Adjustments for the remaining difference (exclusive of the instrument-specific credit risk change and host contract adjustments) between previous carrying amount and fair value measurements for the market risk benefits		28,135
Post-adoption balance at January 1, 2021	$	194,386


	Years Ended December 31,
(in thousands, except age)	2023			2022			2021
Balance at beginning of period	$	4,137		$	92,975		$	194,386
Issuances		3			42			284
Interest accrual and time decay		(8,114	)		(16,308	)		(17,939	)
Reserve increase from attributed fees collected		43,343			44,350			44,469
Reserve release for benefit payments and derecognition		(1,878	)		(1,391	)		(135	)
Effect of changes in interest rates and bond markets		(19,266	)		(216,461	)		(55,587	)
Effect of changes in equity markets and subaccount performance		(69,222	)		120,007			(77,231	)
Effect of changes in equity index volatility		(4,254	)		11,723			3,204
Actual policyholder behavior different from expected behavior		(2,579	)		(1,594	)		(361	)
Effect of changes in other future expected assumptions		6,621			(5,362	)		7,662
Effect of changes in the instrument-specific credit risk on market risk benefits		3,734			(23,844	)		(5,777	)
Balance at end of period	$	(47,475	)	$	4,137		$	92,975
Reconciliation of the gross balances in an asset or liability position:
Asset position	$	94,641		$	64,498		$	36,740
Liability position		(47,166	)		(68,635	)		(129,715	)
Net asset (liability) position	$	47,475		$	(4,137	)	$	(92,975	)
Guaranteed benefit amount in excess of current account balances (net amount at risk):
Death benefits	$	58,245		$	180,279		$	1,325
Living benefits	$	54,321		$	185,651		$	427
Composite (greater of)	$	107,200		$	339,888		$	1,750

Weighted average attained age of contractholders		67			67			67

Changes in unrealized (gains) losses in net income relating to liabilities held at end of period	$	(96,583	)	$	(106,928	)	$	(132,470	)
Changes in unrealized (gains) losses in other comprehensive income relating to liabilities held at end of period	$	3,742		$	(23,420	)	$	(4,551	)

The following tables provide a summary of the significant inputs and assumptions used in the fair value measurements developed by the Company or reasonably available to the Company of market risk benefits:


	December 31, 2023
	Fair Value			Valuation Technique	Significant Inputs and Assumptions	Range						Weighted Average
	(in thousands)
Market risk benefits	$	(47,475	)	Discounted cash flow	Utilization of guaranteed withdrawals⁽¹⁾		0.0	%	–	48.0	%		12.1	%
					Surrender rate⁽²⁾		0.3	%	–	55.7	%		3.9	%
					Market volatility⁽³⁾		0.0	%	–	25.2	%		10.6	%
					Nonperformance risk⁽⁴⁾		85 bps						85	bps
					Mortality rate⁽⁵⁾		0.0%		–	35.4	%		1.7	%

F-33

RiverSource Life Insurance Co. of New York


	December 31, 2022
	Fair Value		Valuation Technique	Significant Inputs and Assumptions	Range						Weighted Average
	(in thousands)
Market risk benefits	$	4,137	Discounted cash flow	Utilization of guaranteed withdrawals⁽¹⁾		0.0	%	–	48.0	%		11.4	%
				Surrender rate⁽²⁾		0.2	%	–	45.6	%		3.9	%
				Market volatility⁽³⁾		5.0	%	–	17.4	%		11.7	%
				Nonperformance risk⁽⁴⁾		95 bps						95	bps
				Mortality rate⁽⁵⁾		0.0%		–	33.2	%		1.6	%

⁽¹⁾

The utilization of guaranteed withdrawals represents the percentage of contractholders that will begin withdrawing in any giver year. The weighted average utilization rate represents the average assumption, weighted based on the benefit base. The calculation excludes policies that have already started taking withdrawals.

⁽²⁾	The weighted average surrender rate represents the average assumption weighted based on the account value of each contract.

⁽³⁾	Market volatility represents the implied volatility of each contractholder’s mix of funds. The weighted average market volatility represents the average volatility across all contracts, weighted by the size of the guaranteed benefit.

⁽⁴⁾	The nonperformance risk is the spread added to the U.S. Treasury curve.

⁽⁵⁾	The weighted average mortality rate represents the average assumption weighted based on the account value of each contract.

Changes to Significant Inputs and Assumptions:

During the years ended December 31, 2023 and 2022, the Company updated inputs and assumptions based on management’s review of experience studies. These updates resulted in the following notable changes in the fair value estimates of market risk benefits calculations:

Year ended December 31, 2023

•

Updates to utilization of guaranteed withdrawals assumptions resulted in a decrease to pre-tax income of $1.5 million.

•

Updates to surrender assumptions resulted in a decrease to pre-tax income of $5.0 million.

Year ended December 31, 2022

•

Updates to utilization of guaranteed withdrawals assumptions resulted in a decrease to pre-tax income of $1.9 million.

•

Updates to surrender assumptions resulted in a decrease to pre-tax income of $10.1 million.

•

Updates to mortality assumptions resulted in a decrease to pre-tax income of $2.1 million.

Refer to the rollforward of market risk benefits for the impacts of changes to interest rate, equity market, volatility and nonperformance risk assumptions.

Uncertainty of Fair Value Measurements

Significant increases (decreases) in utilization and volatility used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value.

Significant increases (decreases) in nonperformance risk and surrender assumptions used in the fair value measurement of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value.

Significant increases (decreases) in mortality assumptions used in the fair value measurement of the death benefit portion of market risk benefits in isolation would have resulted in a significantly higher (lower) liability value whereas significant increases (decreases) in mortality rates used in the fair value measurement of the life contingent portion of market risk benefits in isolation would have resulted in a significantly lower (higher) liability value.

Surrender assumptions, utilization assumptions and mortality assumptions vary with the type of base product, type of rider, duration of the policy, age of the contractholder, calendar year of the projection, previous withdrawal history, and the relationship between the value of the guaranteed benefit and the contract accumulation value.

Determination of Fair Value

The Company values market risk benefits using internal valuation models. These models include observable capital market assumptions and significant unobservable inputs related to implied volatility as well as contractholder behavior assumptions that include margins for risk, all of which the Company believes a market participant would expect. The fair value also reflects a current estimate of the Company’s nonperformance risk. Given the significant unobservable inputs to this valuation, these measurements are classified as Level 3.

13. FAIR VALUES OF ASSETS AND LIABILITIES

GAAP defines fair value 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; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.

F-34

RiverSource Life Insurance Co. of New York

Valuation Hierarchy

The Company categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by the Company’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety.

The three levels of the fair value hierarchy are defined as follows:

Level 1

Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date.

Level 2

Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities.

Level 3

Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:


	December 31, 2023
(in thousands)	Level 1		Level 2		Level 3		Total
Assets
Available-for-Sale securities:
Corporate debt securities	$	—	$	897,905	$	23,276	$	921,181
Residential mortgage backed securities		—		252,823		—		252,823
Commercial mortgage backed securities		—		289,746		—		289,746
State and municipal obligations		—		90,111		—		90,111
Asset backed securities		—		30,738		—		30,738
Foreign government bonds and obligations		—		722		—		722
U.S. government and agency obligations		220		—		—		220
Total Available-for-Sale securities		220		1,562,045		23,276		1,585,541
Cash equivalents		—		79,967		—		79,967
Market risk benefits		—		—		94,641		94,641	⁽¹⁾
Other assets:
Interest rate derivative contracts		141		3,039		—		3,180
Equity derivative contracts		1,540		69,821		—		71,361
Foreign exchange derivative contracts		74		232		—		306
Total other assets		1,755		73,092		—		74,847
Separate account assets at net asset value (“NAV”)								4,515,324	⁽²⁾
Total assets at fair value	$	1,975	$	1,715,104	$	117,917	$	6,350,320

Liabilities
Policyholder account balances, future policy benefits and claims:
IUL embedded derivatives	$	—	$	—	$	50,529	$	50,529
Total policyholder account balances, future policy benefits and claims		—		—		50,529		50,529	⁽³⁾
Market risk benefits		—		—		47,166		47,166	⁽¹⁾
Other liabilities:
Interest rate derivative contracts		2		2,806		—		2,808
Equity derivative contracts		165		35,344		—		35,509
Foreign exchange derivative contracts		104		—		—		104
Credit derivative contracts		—		3,508		—		3,508
Total other liabilities		271		41,658		—		41,929
Total liabilities at fair value	$	271	$	41,658	$	97,695	$	139,624

F-35

RiverSource Life Insurance Co. of New York


	December 31, 2022
(in thousands)	Level 1		Level 2		Level 3		Total
Assets
Available-for-Sale securities:
Corporate debt securities	$	—	$	803,156	$	29,372	$	832,528
Residential mortgage backed securities		—		268,389		—		268,389
Commercial mortgage backed securities		—		301,631		—		301,631
State and municipal obligations		—		91,760		—		91,760
Asset backed securities		—		33,440		—		33,440
Foreign government bonds and obligations		—		780		—		780
U.S. government and agency obligations		215		—		—		215
Total Available-for-Sale securities		215		1,499,156		29,372		1,528,743
Cash equivalents		—		204,645		—		204,645
Market risk benefits		—		—		64,498		64,498	⁽¹⁾
Other assets:
Interest rate derivative contracts		138		11,278		—		11,416
Equity derivative contracts		3,851		77,768		—		81,619
Foreign exchange derivative contracts		11		1,230		—		1,241
Total other assets		4,000		90,276		—		94,276
Separate account assets at NAV								4,230,890	⁽²⁾
Total assets at fair value	$	4,215	$	1,794,077	$	93,870	$	6,123,052

Liabilities
Policyholder account balances, future policy benefits and claims:
IUL embedded derivatives	$	—	$	—	$	42,382	$	42,382
Total policyholder account balances, future policy benefits and claims		—		—		42,382		42,382	⁽⁴⁾
Market risk benefits		—		—		68,635		68,635	⁽¹⁾
Other liabilities:
Interest rate derivative contracts		—		7,625		—		7,625
Equity derivative contracts		53		50,834		—		50,887
Foreign exchange derivative contracts		272		—		—		272
Total other liabilities		325		58,459		—		58,784
Total liabilities at fair value	$	325	$	58,459	$	111,017	$	169,801

⁽¹⁾	See Note 12 for additional information related to market risk benefits, including the balances of and changes in market risk benefits as well as the significant inputs and assumptions used in the fair value measurements of market risk benefits.

⁽²⁾	Amounts are comprised of financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy.

⁽³⁾	The Company’s adjustment for nonperformance risk resulted in a $7.5 million cumulative decrease to the embedded derivatives as of December 31, 2023.

⁽⁴⁾	The Company’s adjustment for nonperformance risk resulted in a $7.7 million cumulative decrease to the embedded derivatives as of December 31, 2022.

The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:


	Available-for- Sale Securities				Policyholder Account Balances, Future Policy Benefits and Claims
(in thousands)	Corporate Debt Securities				IUL Embedded Derivatives
Balance at January 1, 2023		$	29,372			$	(42,382	)
Total gains (losses) included in:
Net income			(68	)⁽¹⁾			(13,670	)⁽²⁾
Other comprehensive income (loss)			585				—
Purchases			419				—
Issues			—				(2,453	)
Settlements			(7,032	)			7,976
Balance at December 31, 2023		$	23,276			$	(50,529	)
Changes in unrealized gains (losses) in net income relating to assets and liabilities held at December 31, 2023		$	(68	)⁽¹⁾		$	(13,670	)⁽²⁾
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets and liabilities held at December 31, 2023		$	511			$	—

F-36

RiverSource Life Insurance Co. of New York


	Available-for-Sale Securities				Policyholder Account Balances, Future Policy Benefits and Claims
(in thousands)	Corporate Debt Securities				IUL Embedded Derivatives
Balance at January 1, 2022		$	45,834			$	(51,617	)
Total gains (losses) included in:
Net income			(69	)⁽¹⁾			5,029	⁽²⁾
Other comprehensive income (loss)			(3,002	)			—
Issues			—				(2,483	)
Settlements			(13,391	)			6,689
Balance at December 31, 2022		$	29,372			$	(42,382	)
Changes in unrealized gains (losses) in net income relating to assets and liabilities held at December 31, 2022		$	(66	)⁽¹⁾		$	5,029	⁽²⁾
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets and liabilities held at December 31, 2022		$	(2,829	)		$	—


	Available-for-Sale Securities				Policyholder Account Balances, Future Policy Benefits and Claims
(in thousands)	Corporate Debt Securities				IUL Embedded Derivatives
Balance at January 1, 2021		$	64,484			$	(52,327	)
Total gains (losses) included in:
Net income			(66	)⁽¹⁾			(4,136	)⁽²⁾
Other comprehensive income (loss)			(1,237	)			—
Issues			—				(299	)
Settlements			(9,341	)			5,145
Transfers into Level 3			33,041				—
Transfers out of Level 3			(41,047	)			—
Balance at December 31, 2021		$	45,834			$	(51,617	)
Changes in unrealized gains (losses) in net income relating to assets and liabilities held at December 31, 2021		$	(61	)⁽¹⁾		$	(4,136	)⁽²⁾
Changes in unrealized gains (losses) in other comprehensive income (loss) relating to assets and liabilities held at December 31, 2021		$	(962	)		$	—

⁽¹⁾	Included in Net investment income.

⁽²⁾	Included in Interest credited to fixed accounts.

The increase (decrease) to pretax income of the Company’s adjustment for nonperformance risk on the fair value of its embedded derivatives was $20 thousand, $1.7 million and $(390) thousand, net of the reinsurance accrual, for the years ended December 31, 2023, 2022 and 2021, respectively.

Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third-party pricing service with observable inputs or fair values that were included in an observable transaction with a market participant. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote.

The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by the Company or reasonably available to the Company of Level 3 assets and liabilities:


	December 31, 2023
	Fair Value		Valuation Technique	Unobservable Input	Range						Weighted Average
	(in thousands)
Corporate debt securities (private placements)	$	23,253	Discounted cash flow	Yield/spread to U.S. Treasuries⁽¹⁾		1.0	%	–	2.4	%		1.6	%
IUL embedded derivatives	$	50,529	Discounted cash flow	Nonperformance risk⁽²⁾		85 bps						85	bps

F-37

RiverSource Life Insurance Co. of New York


	December 31, 2022
	Fair Value		Valuation Technique	Unobservable Input	Range						Weighted Average
	(in thousands)
Corporate debt securities (private placements)	$	29,351	Discounted cash flow	Yield/spread to U.S. Treasuries⁽¹⁾		1.1	%	–	2.3	%		1.7	%
IUL embedded derivatives	$	42,382	Discounted cash flow	Nonperformance risk⁽²⁾		95 bps						95	bps

⁽¹⁾	The weighted average for the yield/spread to U.S. Treasuries for corporate debt securities (private placements) is weighted based on the security’s market value as a percentage of the aggregate market value of the securities.

⁽²⁾	The nonperformance risk is the spread added to the U.S. Treasury curve.

Level 3 measurements not included in the tables above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to the Company.

Uncertainty of Fair Value Measurements

Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would have resulted in a significantly lower (higher) fair value measurement.

Significant increases (decreases) in nonperformance risk used in the fair value measurement of the IUL embedded derivatives in isolation would have resulted in a significantly lower (higher) fair value measurement.

Determination of Fair Value

The Company uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. The Company’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, the Company maximizes the use of observable inputs and minimizes the use of unobservable inputs.

The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.

Assets

Available-for-Sale Securities

When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third-party pricing services, non-binding broker quotes, or other model-based valuation techniques.

Level 1 securities primarily include U.S. Treasuries.

Level 2 securities primarily include corporate bonds, residential mortgage backed securities, commercial mortgage backed securities, state and municipal obligations, asset backed securities and foreign government securities. The fair value of these Level 2 securities is based on a market approach with prices obtained from third-party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. The fair value of securities included in an observable transaction with a market participant are also considered Level 2 when the market is not active.

Level 3 securities primarily include certain corporate bonds. The fair value of corporate bonds classified as Level 3 is typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to the Company. The Company’s privately placed corporate bonds are typically based on a single non-binding broker quote.

Management is responsible for the fair values recorded on the financial statements. Prices received from third-party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. The Company reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. The Company also performs subsequent transaction testing. The Company performs annual due diligence of third-party pricing services. The Company’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. The Company also considers the results of its exception reporting controls and any resulting price challenges that arise.

Cash Equivalents

Cash equivalents include time deposits and other highly liquid investments with original or remaining maturities at the time of purchase of 90 days or less. The Company’s cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.

F-38

RiverSource Life Insurance Co. of New York

Other Assets

Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial as of both December 31, 2023 and 2022. See Note 16 and Note 17 for further information on the credit risk of derivative instruments and related collateral.

Separate Account Assets

The fair value of assets held by separate accounts is determined by the NAV of the funds in which those separate accounts are invested. The NAV is used as a practical expedient for fair value and represents the exit price for the separate account. Separate account assets are excluded from classification in the fair value hierarchy.

Liabilities

Policyholder Account Balances, Future Policy Benefits and Claims

There is no active market for the transfer of the Company’s embedded derivatives attributable to the provisions of IUL products.

The Company uses discounted cash flow models to determine the fair value of the embedded derivatives associated with the provisions of its IUL products. The fair value of IUL embedded derivatives includes significant observable interest rates, volatilities and equity index levels and the significant unobservable estimate of the Company’s nonperformance risk. Given the significance of the nonperformance risk assumption, the IUL embedded derivatives are classified as Level 3.

The embedded derivatives attributable to these provisions are recorded in Policyholder account balances, future policy benefits and claims.

Other Liabilities

Derivatives that are measured using quoted prices in active markets, such as derivatives that are exchange-traded, are classified as Level 1 measurements. The variation margin on futures contracts is also classified as Level 1. The fair value of derivatives that are traded in less active OTC markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include swaps and the majority of options. The Company’s nonperformance risk associated with uncollateralized derivative liabilities was immaterial as of both December 31, 2023 and 2022. See Note 16 and Note 17 for further information on the credit risk of derivative instruments and related collateral.

Fair Value on a Nonrecurring Basis

During the years ended December 31, 2023 and 2022, there were no material assets or liabilities measured at fair value on a nonrecurring basis.

Assets and Liabilities Not Reported at Fair Value

The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value:


	December 31, 2023
	Carrying Value		Fair Value
(in thousands)	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets
Mortgage loans, net	$	144,910	$	—	$	—	$	134,224	$	134,224
Policy loans		53,615		—		53,615		—		53,615

Financial Liabilities
Policyholder account balances, future policy benefits and claims	$	705,348	$	—	$	—	$	684,945	$	684,945
Separate account liabilities – investment contracts		3,412		—		3,412		—		3,412


	December 31, 2022
	Carrying Value		Fair Value
(in thousands)	Carrying Value		Level 1		Level 2		Level 3		Total
Financial Assets
Mortgage loans, net	$	157,068	$	—	$	—	$	143,477	$	143,477
Policy loans		50,791		—		50,791		—		50,791

Financial Liabilities
Policyholder account balances, future policy benefits and claims	$	761,275	$	—	$	—	$	728,833	$	728,833
Separate account liabilities – investment contracts		3,048		—		3,048		—		3,048

See Note 7 for additional information on mortgage loans and policy loans.

F-39

RiverSource Life Insurance Co. of New York

Policyholder account balances, future policy benefits and claims include fixed annuities in deferral status, non-life contingent fixed annuities in payout status and the fixed portion of a small number of variable annuity contracts classified as investment contracts. See Note 10 for additional information on these liabilities. Separate account liabilities are related to certain annuity products that are classified as investment contracts.

14. RELATED PARTY TRANSACTIONS

Revenues

See Note 4 for information about revenues from contracts with customers earned by the Company from related party transactions with affiliates.

Expenses

Charges by Ameriprise Financial and affiliated companies to the Company for use of joint facilities, technology support, marketing services and other services aggregated $23.0 million, $22.9 million and $23.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. Certain of these costs are included in DAC. Expenses allocated to the Company may not be reflective of expenses that would have been incurred by the Company on a stand-alone basis.

Income Taxes

The Company’s taxable income is included in the consolidated federal income and various state tax returns of Ameriprise Financial. The net amount due to Ameriprise Financial for income taxes was $428 thousand and $3.8 million as of December 31, 2023 and 2022, respectively, which is reflected in Other liabilities.

Lines of Credit

The Company, as the borrower, has amended its revolving credit agreement with Ameriprise Financial as the lender. The aggregate amount outstanding under this line of credit may not exceed the lesser of $25 million or 3% of the Company’s statutory admitted assets (excluding separate accounts) as of the prior year end. Prior to July 1, 2023, the interest rate for any borrowing under the agreement was established by reference to London Interbank Offered Rate (“LIBOR”) for U.S. dollar deposits with maturities comparable to the relevant interest period. In July 2023, in anticipation of the end of the publication of U.S. dollar LIBOR, an amendment to the agreement changed the interest rate to Daily Simple Secured Overnight Financing Rate plus 0.1% and an applicable margin subject to adjustment based on debt ratings of the senior unsecured debt of Ameriprise Financial. Amounts borrowed may be repaid at any time with no prepayment penalty. The credit agreement is amended to extend the maturity on an annual basis with Ameriprise Financial, subject to the New York Department’s non-disapproval. There were no amounts outstanding on this line of credit as of both December 31, 2023 and 2022.

Dividends or Distributions

During the years ended December 31, 2023, 2022 and 2021, the Company paid cash dividends or distributions of $50 million, $63 million and nil, respectively, to RiverSource Life. For dividend or other distributions from the Company, advance notification was provided to the New York Department prior to payments. See Note 15 for additional information.

15. STATUTORY ACCOUNTING PRINCIPLES AND REQUIREMENTS

The National Association of Insurance Commissioners (“NAIC”) defines Risk-Based Capital (“RBC”) requirements for insurance companies. The RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders. These requirements apply to the Company. The Company has met its minimum RBC requirements.

Insurance companies are required to prepare statutory financial statements in accordance with the accounting practices prescribed or permitted by the insurance departments of their respective states of domicile, which vary materially from GAAP. Prescribed statutory accounting practices include publications of the NAIC, as well as state laws, regulations and general administrative rules. The State of New York has adopted the NAIC Accounting Practices and Procedures Manual as its prescribed basis of statutory accounting principles. In addition, New York has prescribed certain reserve requirements that differ from those required under NAIC statutory accounting principles. As of December 31, 2023 and 2022, application of these New York prescribed practices which deviate from the NAIC requirements resulted in an increase of $7.1 million and $66.0 million to the Company’s net income, respectively, and a decrease to the Company’s statutory surplus of $76.1 million and $83.2 million, respectively. The Company’s RBC would not have triggered a regulatory event without the application of these prescribed practices.

The more significant differences between NAIC statutory accounting principles and GAAP include charging policy acquisition costs to expense as incurred, establishing annuity and insurance reserves using different actuarial methods and assumptions, valuing investments on a different basis and excluding certain assets from the balance sheet by charging them directly to surplus, such as a portion of the net deferred income tax assets.

State insurance statutes generally require insurance companies to provide notice to state regulators prior to payment of dividends or distributions and those dividends or distributions exceeding prescribed limitations are subject to potential disapproval. For the Company, dividends or distributions in a calendar year which exceed the greater of: (i) 10% of statutory surplus as of the

F-40

RiverSource Life Insurance Co. of New York

immediately preceding year end, or (ii) statutory net gain from operations for the immediately preceding calendar year, not to exceed 30% of statutory surplus as of the immediately preceding year end would require pre-notification to the New York Department and are subject to potential disapproval. Statutory net gain from operations was $66.6 million, $212.7 million and $63.6 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Comparisons of net income and shareholder’s equity, as shown in the accompanying GAAP financial statements, to that determined using statutory accounting principles prescribed by the State of New York (“SAP”) were as follows:


	Years Ended December 31,
(in thousands)	2023			2022			2021
Net Income
Net income, per accompanying GAAP financial statements	$	46,567		$	44,419		$	100,228
Net income, SAP basis⁽¹⁾		60,310			317,442			6,125
Difference	$	(13,743	)	$	(273,023	)	$	94,103



	December 31,
(in thousands)	2023		2022
Shareholder’s Equity
Shareholder’s equity, per accompanying GAAP financial statements	$	424,097	$	394,930
Capital and surplus, SAP basis⁽²⁾		244,121		319,620
Difference	$	179,976	$	75,310

⁽¹⁾	Results may be significantly impacted by changes in reserves for variable annuity guaranteed benefits, however, these impacts may be substantially offset by unrealized gains (losses) on derivatives which are not included in statutory income but are recorded directly to surplus.

⁽²⁾	Includes unassigned surplus of $135.2 million and $210.7 million as of December 31, 2023 and 2022, respectively.

As of December 31, 2023 and 2022, bonds carried at $220 thousand and $215 thousand, respectively, were on deposit with the State of New York as required by law.

16. OFFSETTING ASSETS AND LIABILITIES

Certain financial instruments and derivative instruments are eligible for offset in the Balance Sheets. The Company’s derivative instruments are subject to master netting and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. The Company’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Balance Sheets.

The following tables present the gross and net information about the Company’s assets subject to master netting arrangements:


	December 31, 2023
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheets		Amounts of Assets Presented in the Balance Sheets		Gross Amounts Not Offset in the Balance Sheets									Net Amount
(in thousands)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheets		Amounts of Assets Presented in the Balance Sheets		Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
Derivatives:
OTC	$	72,768	$	—	$	72,768	$	(29,626	)	$	(40,364	)	$	(2,249	)	$	529
OTC cleared		323		—		323		(323	)		—			—			—
Exchange-traded		1,756		—		1,756		(271	)		—			—			1,485
Total	$	74,847	$	—	$	74,847	$	(30,220	)	$	(40,364	)	$	(2,249	)	$	2,014

	December 31, 2022
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheets		Amounts of Assets Presented in the Balance Sheets		Gross Amounts Not Offset in the Balance Sheets									Net Amount
(in thousands)	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheets		Amounts of Assets Presented in the Balance Sheets		Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
Derivatives:
OTC	$	89,575	$	—	$	89,575	$	(13,173	)	$	(75,976	)	$	—		$	426
OTC cleared		701		—		701		(442	)		—			—			259
Exchange-traded		4,000		—		4,000		(325	)		—			—			3,675
Total	$	94,276	$	—	$	94,276	$	(13,940	)	$	(75,976	)	$	—		$	4,360

⁽¹⁾	Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Balance Sheets.

F-41

RiverSource Life Insurance Co. of New York

The following tables present the gross and net information about the Company’s liabilities subject to master netting arrangements:


	December 31, 2023
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheets		Amounts of Liabilities Presented in the Balance Sheets		Gross Amounts Not Offset in the Balance Sheets									Net Amount
(in thousands)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheets		Amounts of Liabilities Presented in the Balance Sheets		Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
Derivatives:
OTC	$	39,853	$	—	$	39,853	$	(29,626	)	$	(7,007	)	$	(3,063	)	$	157
OTC cleared		1,805		—		1,805		(323	)		—			—			1,482
Exchange-traded		271		—		271		(271	)		—			—			—
Total	$	41,929	$	—	$	41,929	$	(30,220	)	$	(7,007	)	$	(3,063	)	$	1,639


	December 31, 2022
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheets		Amounts of Liabilities Presented in the Balance Sheets		Gross Amounts Not Offset in the Balance Sheets									Net Amount
(in thousands)	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheets		Amounts of Liabilities Presented in the Balance Sheets		Financial Instruments⁽¹⁾			Cash Collateral			Securities Collateral			Net Amount
Derivatives:
OTC	$	58,017	$	—	$	58,017	$	(13,173	)	$	(13,227	)	$	(31,449	)	$	168
OTC cleared		442		—		442		(442	)		—			—			—
Exchange-traded		325		—		325		(325	)		—			—			—
Total	$	58,784	$	—	$	58,784	$	(13,940	)	$	(13,227	)	$	(31,449	)	$	168

⁽¹⁾	Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Balance Sheets.

In the tables above, the amount of assets or liabilities presented are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual collateral may be greater than amounts presented in the tables.

When the fair value of collateral accepted by the Company is less than the amount due to the Company, there is a risk of loss if the counterparty fails to perform or provide additional collateral. To mitigate this risk, the Company monitors collateral values regularly and requires additional collateral when necessary. When the value of collateral pledged by the Company declines, it may be required to post additional collateral.

Freestanding derivative instruments are reflected in Other assets and Other liabilities. Cash collateral pledged by the Company is reflected in Other assets and cash collateral accepted by the Company is reflected in Other liabilities. See Note 17 for additional disclosures related to the Company’s derivative instruments.

17. DERIVATIVES AND HEDGING ACTIVITIES

Derivative instruments enable the Company to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. The Company primarily enters into derivative agreements for risk management purposes related to the Company’s products and operations.

Certain of the Company’s freestanding derivative instruments are subject to master netting arrangements. The Company’s policy on the recognition of derivatives on the Balance Sheets is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement. See Note 16 for additional information regarding the estimated fair value of the Company’s freestanding derivatives after considering the effect of master netting arrangements and collateral.

F-42

RiverSource Life Insurance Co. of New York

Generally, the Company uses derivatives as economic hedges and accounting hedges. The following table presents the notional value and gross fair value of derivative instruments, including embedded derivatives:


	December 31, 2023						December 31, 2022
			Gross Fair Value						Gross Fair Value
(in thousands)	Notional		Assets⁽¹⁾		Liabilities⁽²⁾		Notional		Assets⁽¹⁾		Liabilities⁽²⁾
Derivatives not designated as hedging instruments
Interest rate contracts	$	1,883,300	$	3,180	$	2,808	$	3,131,000	$	11,416	$	7,625
Equity contracts		1,401,329		71,361		35,509		1,291,022		81,619		50,887
Foreign exchange contracts		114,951		306		104		90,943		1,241		272
Credit contracts		104,115		—		3,508		—		—		—
Total non-designated hedges		3,503,695		74,847		41,929		4,512,965		94,276		58,784
Embedded derivatives
IUL		N/A		—		50,529		N/A		—		42,382
Total embedded derivatives		N/A		—		50,529		N/A		—		42,382
Total derivatives	$	3,503,695	$	74,847	$	92,458	$	4,512,965	$	94,276	$	101,166

N/A Not applicable

⁽¹⁾	The fair value of freestanding derivative assets is included in Other assets.

⁽²⁾	The fair value of freestanding derivative liabilities is included in Other liabilities. The fair value of IUL embedded derivatives is included in Policyholder account balances, future policy benefits and claims.

See Note 13 for additional information regarding the Company’s fair value measurement of derivative instruments.

As of December 31, 2023 and 2022, investment securities with a fair value of $93.9 million and $117.4 million, respectively, were pledged to meet contractual obligations under derivative contracts, of which $3.6 million and $32.5 million, respectively, may be sold, pledged or rehypothecated by the counterparty. As of December 31, 2023 and 2022, investment securities with a fair value of $2.6 million and nil, respectively, were received as collateral to meet contractual obligations under derivative contracts, of which nil may be sold, pledged or rehypothecated by the Company as of both December 31, 2023 and 2022. As of both December 31, 2023 and 2022, the Company had sold, pledged or rehypothecated none of these securities. In addition, as of both December 31, 2023 and 2022, non-cash collateral accepted was held in separate custodial accounts and was not included in the Company’s Balance Sheets.

The following table presents a summary of the impact of derivatives not designated as hedging instruments, including embedded derivatives, on the Statements of Income:


(in thousands)	Interest Credited to Fixed Accounts			Change in Fair Value of Market Risk Benefits
Year Ended December 31, 2023
Interest rate contracts	$	—		$	(23,725	)
Equity contracts		4,569			(77,123	)
Foreign exchange contracts		—			402
Credit contracts		—			(19	)
IUL embedded derivatives		(5,694	)		—
Total gain (loss)	$	(1,125	)	$	(100,465	)
Year Ended December 31, 2022
Interest rate contracts	$	—		$	(145,925	)
Equity contracts		(6,797	)		35,340
Foreign exchange contracts		—			5,198
IUL embedded derivatives		11,718			—
Total gain (loss)	$	4,921		$	(105,387	)
Year Ended December 31, 2021
Interest rate contracts	$	—		$	(49,439	)
Equity contracts		4,552			(38,592	)
Foreign exchange contracts		—			477
IUL embedded derivatives		1,009			—
Total gain (loss)	$	5,561		$	(87,554	)

The Company holds derivative instruments that either do not qualify or are not designated for hedge accounting treatment. These derivative instruments are used as economic hedges of equity, interest rate, credit and foreign currency exchange rate risk related to various products and transactions of the Company.

F-43

RiverSource Life Insurance Co. of New York

The deferred premium associated with certain of the above options is paid or received semi-annually over the life of the contract or at maturity. The following is a summary of the payments the Company is scheduled to make and receive for these options as of December 31, 2023:


(in thousands)	Premiums Payable		Premiums Receivable
2024	$	260	$	—
2025		130		—
2026		23,701		—
2027		—		—
2028		—		—
2029 – 2030		35,700		—
Total	$	59,791	$	—

Actual timing and payment amounts may differ due to future settlements, modifications or exercises of the contracts prior to the full premium being paid or received.

IUL products have returns tied to the performance of equity markets. As a result of fluctuations in equity markets, the obligation incurred by the Company related to IUL products will positively or negatively impact earnings over the life of these products. The equity component of IUL product obligations is considered an embedded derivative, which is bifurcated from the host contract for valuation purposes and reported on the Balance Sheets at fair value with changes in fair value reported in earnings. As a means of economically hedging its obligations under the provisions of this product, the Company enters into interest rate swaps, index options and futures contracts.

As discussed in Note 12, the Company issues variable annuity contracts that provide protection to contractholders from other-than-nominal capital market risk and expose the Company to other-than-nominal capital market risk. The Company economically hedges its obligations under these market risk benefits using options, swaptions, swaps and futures.

Credit Risk

Credit risk associated with the Company’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, the Company has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting and collateral arrangements whenever practical. See Note 16 for additional information on the Company’s credit exposure related to derivative assets.

Certain of the Company’s derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company’s financial strength rating (or based on the debt rating of RiverSource Life’s parent, Ameriprise Financial). Additionally, certain of the Company’s derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company does not maintain a specific financial strength rating or Ameriprise Financial’s debt does not maintain a specific credit rating (generally an investment grade rating). If these termination provisions were to be triggered, the Company’s counterparty could require immediate settlement of any net liability position. As of December 31, 2023 and 2022, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $9.9 million and $42.9 million, respectively. The aggregate fair value of assets posted as collateral for such instruments as of December 31, 2023 and 2022 was $9.7 million and $42.7 million, respectively. If the credit contingent provisions of derivative contracts in a net liability position as of December 31, 2023 and 2022 were triggered, the aggregate fair value of additional assets that would be required to be posted as collateral or needed to settle the instruments immediately would have been $157 thousand and $168 thousand as of December 31, 2023 and 2022, respectively.

18. SHAREHOLDER’S EQUITY

The following tables present the amounts related to each component of OCI:


	Year Ended December 31, 2023
(in thousands)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	54,710		$	(11,489	)	$	43,221
Reclassification of net (gains) losses on securities included in net income⁽²⁾		224			(47	)		177
Impact of benefit reserves and reinsurance recoverables		(2,181	)		458			(1,723	)
Net unrealized gains (losses) on securities		52,753			(11,078	)		41,675
Effect of changes in discount rate assumptions on certain long-duration contracts		(7,753	)		1,628			(6,125	)
Effect of changes in instrument-specific credit risk on MRBs		(3,734	)		784			(2,950	)
Total other comprehensive income (loss)	$	41,266		$	(8,666	)	$	32,600

F-44

RiverSource Life Insurance Co. of New York


	Year Ended December 31, 2022
(in thousands)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	(282,360	)	$	59,296		$	(223,064	)
Reclassification of net (gains) losses on securities included in net income⁽²⁾		3,346			(703	)		2,643
Impact of benefit reserves and reinsurance recoverables		8,809			(1,849	)		6,960
Net unrealized gains (losses) on securities		(270,205	)		56,744			(213,461	)
Effect of changes in discount rate assumptions on certain long-duration contracts		78,368			(16,457	)		61,911
Effect of changes in instrument-specific credit risk on MRBs		23,844			(5,007	)		18,837
Total other comprehensive income (loss)	$	(167,993	)	$	35,280		$	(132,713	)


	Year Ended December 31, 2021
(in thousands)	Pretax			Income Tax Benefit (Expense)			Net of Tax
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period⁽¹⁾	$	(53,907	)	$	11,321		$	(42,586	)
Reclassification of net (gains) losses on securities included in net income⁽²⁾		(10,377	)		2,179			(8,198	)
Impact of benefit reserves and reinsurance recoverables		2,233			(469	)		1,764
Net unrealized gains (losses) on securities		(62,051	)		13,031			(49,020	)
Effect of changes in discount rate assumptions on certain long-duration contracts		22,008			(4,622	)		17,386
Effect of changes in instrument-specific credit risk on MRBs		5,777			(1,213	)		4,564
Total other comprehensive income (loss)	$	(34,266	)	$	7,196		$	(27,070	)

⁽¹⁾	Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

⁽²⁾	Reclassification amounts are recorded in Net realized investment gains (losses).

Other comprehensive income (loss) related to net unrealized gains (losses) on securities includes three components: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period; (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit losses to credit losses; and (iii) other adjustments primarily consisting of changes in insurance and annuity asset and liability balances, such as benefit reserves and reinsurance recoverables, to reflect the expected impact on their carrying values had the unrealized gains (losses) been realized as of the respective balance sheet dates.

The following table presents the changes in the balances of each component of AOCI, net of tax:


(in thousands)	Net Unrealized Gains (Losses) on Securities			Effect of Changes in Discount Rate Assumptions			Effect of Changes in Instrument- Specific Credit Risk on MRBs			Total
Balance at January 1, 2021	$	90,117		$	—		$	—		$	90,117
Cumulative effect of adoption of long-duration contracts guidance		48,935			(79,153	)		(22,676	)		(52,894	)
OCI before reclassifications		(40,822	)		17,386			4,564			(18,872	)
Amounts reclassified from AOCI		(8,198	)		—			—			(8,198	)
Total OCI		(49,020	)		17,386			4,564			(27,070	)
Balance at December 31, 2021		90,032			(61,767	)		(18,112	)		10,153
OCI before reclassifications		(216,104	)		61,911			18,837			(135,356	)
Amounts reclassified from AOCI		2,643			—			—			2,643
Total OCI		(213,461	)		61,911			18,837			(132,713	)
Balance at December 31, 2022		(123,429	)		144			725			(122,560	)
OCI before reclassifications		41,498			(6,125	)		(2,950	)		32,423
Amounts reclassified from AOCI		177			—			—			177
Total OCI		41,675			(6,125	)		(2,950	)		32,600
Balance at December 31, 2023	$	(81,754	)	$	(5,981	)	$	(2,225	)	$	(89,960	)

F-45

RiverSource Life Insurance Co. of New York

19. INCOME TAXES

The components of income tax provision were as follows:


	Years Ended December 31,
(in thousands)	2023			2022			2021
Current income tax
Federal	$	9,247		$	11,869		$	22,663
State and local		(173	)		185			624
Total current income tax		9,074			12,054			23,287
Deferred federal income tax		(1,519	)		(4,674	)		112
Total income tax provision	$	7,555		$	7,380		$	23,399

The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 21% were as follows:


	Years Ended December 31,
	2023			2022			2021
Tax at U.S. statutory rate		21.0	%		21.0	%		21.0	%
Changes in taxes resulting from:
Dividends received deduction		(3.4	)		(3.9	)		(1.6	)
Foreign tax credit, net of addback		(2.9	)		(2.9	)		(0.9	)
Other		(0.7	)		—			0.4
Income tax provision		14.0	%		14.2	%		18.9	%

The decrease in the Company’s effective tax rate for the year ended December 31, 2022 compared to 2021 is primarily due to lower pretax income relative to tax preferred items.

Deferred income tax assets and liabilities result from temporary differences between the assets and liabilities measured for GAAP reporting versus income tax return purposes. Deferred income tax assets and liabilities are measured at the statutory rate of 21% as of both December 31, 2023 and 2022. The significant components of the Company’s deferred income tax assets and liabilities, which are included net within Other assets or Other liabilities, were as follows:


	December 31,
(in thousands)	2023		2022⁽¹⁾
Deferred income tax assets
Insurance and annuity benefits including corresponding hedges	$	66,330	$	66,283
Investments including net unrealized on Available-for-Sale securities		22,092		31,247
Other		72		277
Gross deferred income tax assets		88,494		97,807
Deferred income tax liabilities
Deferred acquisition costs		23,492		25,486
Other		1,431		1,602
Gross deferred income tax liabilities		24,923		27,088
Net deferred income tax assets	$	63,571	$	70,719

⁽¹⁾	Prior period amounts have been reclassified to conform to current year presentation and relate to derivative activity being presented with the liabilities they are hedging and remaining investments being presented together inclusive of net unrealized on Available-for-Sale securities.

Based on analysis of the Company’s tax position, management believes it is more likely than not that the Company’s results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable the Company to utilize all of the deferred tax assets. Accordingly, no valuation allowance for deferred tax assets has been established as of both December 31, 2023 and 2022.

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits was as follows:


(in thousands)	2023			2022			2021
Balance at January 1	$	320		$	346		$	372
Additions for tax positions related to the current year		6			—			—
Reductions for tax positions related to the current year		(6	)		(26	)		(26	)
Additions for tax positions of prior years		324			—			—
Reductions for tax positions of prior years		(644	)		—			—
Balance at December 31	$	—		$	320		$	346

F-46

RiverSource Life Insurance Co. of New York

If recognized, approximately nil, $218 thousand and $218 thousand, net of federal tax benefits, of unrecognized tax benefits as of December 31, 2023, 2022 and 2021, respectively, would affect the effective tax rate.

The Company is not aware of any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly change in the next 12 months.

The Company recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. The Company recognized a net decrease of $90 thousand for the year ended December 31, 2023, and a net increase of $16 thousand and $11 thousand in interest and penalties for the years ended December 31, 2022 and 2021, respectively. As of December 31, 2023 and 2022, the Company had a payable of nil and $90 thousand related to accrued interest and penalties, respectively.

The Company files income tax returns as part of its inclusion in the consolidated federal income tax return of Ameriprise Financial in the U.S. federal jurisdiction and various state jurisdictions. As of December 31, 2023, the federal statutes of limitations are closed on years through 2018. A previously open item for 2014 and 2015 was resolved in the second quarter of 2023. Also in the second quarter of 2023, the Internal Revenue Service (“IRS”) audit for tax years 2016 through 2018 was finalized. The IRS is currently auditing Ameriprise Financial’s U.S. income tax returns for 2019 and 2020. The state income tax returns of Ameriprise Financial and its subsidiaries, including the Company, are currently under examination by various jurisdictions for years ranging from 2017 through 2021.

20. COMMITMENTS AND CONTINGENCIES

Commitments

As of both December 31, 2023 and 2022, the Company had no funding commitments related to mortgage loans.

Contingencies

The Company and its affiliates are involved in the normal course of business in legal proceedings which include regulatory inquiries, arbitration and litigation, including class actions, concerning matters arising in connection with the conduct of its activities. These include proceedings specific to the Company as well as proceedings generally applicable to business practices in the industries in which it operates. The Company can also be subject to legal proceedings arising out of its general business activities, such as its investments, contracts and employment relationships. Uncertain economic conditions, heightened and sustained volatility in the financial markets and significant financial reform legislation may increase the likelihood that clients and other persons or regulators may present or threaten legal claims or that regulators increase the scope or frequency of examinations of the Company or the insurance industry generally.

As with other insurance companies, the level of regulatory activity and inquiry concerning the Company’s businesses remains elevated. From time to time, the Company and its affiliates, including AFS and RiverSource Distributors, Inc. receive requests for information from, and/or are subject to examination or claims by various state, federal and other domestic authorities. The Company and its affiliates typically have numerous pending matters, which include information requests, exams or inquiries regarding their business activities and practices and other subjects, including from time to time: sales and distribution of, and disclosure practices related to, various products, including the Company’s insurance and annuity products; supervision of associated persons, including AFS financial advisors and RiverSource Distributors, Inc.’s wholesalers; administration of insurance and annuity claims; security of client information; and transaction monitoring systems and controls. The Company and its affiliates are cooperating with the applicable regulators.

These pending matters are subject to uncertainties and, as such, it is inherently difficult to determine whether any loss is probable or even reasonably possible, or to reasonably estimate the amount of any loss that may result from such matters. The Company cannot predict with certainty if, how, or when any such proceedings will be initiated or resolved. Matters frequently need to be more developed before a potential loss or range of loss can be reasonably estimated for any matter. An adverse outcome in any matter could result in an adverse judgment, a settlement, fine, penalty, or other sanction, and may lead to further claims, examinations, or adverse publicity each of which could have a material adverse effect on the Company’s financial condition, results of operations, or liquidity.

In accordance with applicable accounting standards, the Company establishes an accrued liability for contingent litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated. The Company discloses the nature of the contingency when management believes there is at least a reasonable possibility that the outcome may be material to the Company’s financial statements and, where feasible, an estimate of the possible loss. In such cases, there still may be an exposure to loss in excess of any amounts reasonably estimated and accrued. When a loss contingency is not both probable and reasonably estimable, the Company does not establish an accrued liability, but continues to monitor, in conjunction with any outside counsel handling a matter, further developments that would make such loss contingency both probable and reasonably estimable. Once the Company establishes an accrued liability with respect to a loss contingency, the Company continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established, and any appropriate adjustments are made each quarter.

F-47

RiverSource Life Insurance Co. of New York

Guaranty Fund Assessments

The Company is required by law to be a member of the guaranty fund association in the State of New York. In the event of insolvency of one or more unaffiliated insurance companies, the Company could be adversely affected by the requirement to pay assessments to the guaranty fund association. The Company projects its cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of its premiums written relative to the industry-wide premium in the State of New York. The Company accrues the estimated cost of future guaranty fund assessments when it is considered probable that an assessment will be imposed, the event obligating the Company to pay the assessment has occurred and the amount of the assessment can be reasonably estimated.

As of both December 31, 2023 and 2022, the Company had no accrual established for estimated future guaranty fund assessments.

F-48




RiverSource Life Insurance Co. of New York 20 Madison Avenue Extension Albany, NY 12203 1-800-541-2251		RiverSource Distributors, Inc. (Distributor), Member FINRA. Issued by RiverSource Life Insurance Co. of New York, Albany, New York. Affiliated with Ameriprise Financial Services, LLC.

ANN9124_12_C01_(05/24)		© 2008-2024 RiverSource Life Insurance Company. All rights reserved.