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          <nameOfIssuer>Ivy Variable Insurance Portfolios</nameOfIssuer>
          <addressOfIssuer>
            <street1>610 Market Street</street1>
            <city>Philadelphia</city>
            <state>PA</state>
            <country>X1</country>
            <zipCode>19106</zipCode>
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          <securitiesActFileNumbers>
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              <fileNumber>033-11466</fileNumber>
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          </securitiesActFileNumbers>
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        <item4>
          <lastDayOfFiscalYear>12/31/2025</lastDayOfFiscalYear>
          <isThisFormBeingFiledLate>false</isThisFormBeingFiledLate>
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        <item5>
          <aggregateSalePriceOfSecuritiesSold>1163113456.00</aggregateSalePriceOfSecuritiesSold>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>1789838140.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedInFiscalYear>
          <aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>4347606517.00</aggregatePriceOfSecuritiesRedeemedOrRepurchasedAnyPrior>
          <totalAvailableRedemptionCredits>6137444657.00</totalAvailableRedemptionCredits>
          <netSales>0.00</netSales>
          <redemptionCreditsAvailableForUseInFutureYears>(4974331201.00)</redemptionCreditsAvailableForUseInFutureYears>
          <multiplierForDeterminingRegistrationFee>0.0001381</multiplierForDeterminingRegistrationFee>
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        <item7>
          <totalOfRegistrationFeePlusAnyInterestDue>0.00</totalOfRegistrationFeePlusAnyInterestDue>
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        <signature>
          <signature>/s/ Marty Wolin</signature>
          <nameAndTitle>Marty Wolin, Chief Compliance Officer</nameAndTitle>
          <signatureDate>03/09/2026</signatureDate>
        </signature>
      </annualFilingInfo>
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