M&A - DELAWARE LIFE NY VARIABLE ACCOUNT B

Form Type: N-VPFS

Filing Date: 2025-04-25

Corporate Action: Merger

Type: Update

Accession Number: 000110465925039140

Filing Summary: Delaware Life NY Variable Account B is a separate account of Nassau Life Insurance Company, which is a wholly-owned subsidiary of The Nassau Companies of New York. The account was established as a unit investment trust and completed an acquisition of Delaware Life Insurance Company of New York (DLNY) from Delaware Life Insurance Company on July 1, 2023, following regulatory approval. DLNY merged with Nassau Life Insurance Company, with Nassau as the surviving entity of the merger. The document includes audited financial statements, showing the statements of net assets, operations, and changes in net assets for the years ending December 31, 2024 and 2023. The financial highlights and notes present investment performance, contracts and transactions, and significant accounting policies, detailing no current fund additions, mergers, liquidations, or name changes during 2023 and 2024. The subsequent events section evaluates the account's performance and future outlook up to the issuance date of the financial statements.