04/23/2024 | Press release | Distributed by Public on 04/23/2024 12:16
American Century VP Balanced Fund
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Hartford Stock HLS Fund
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American Century VP Capital Appreciation Fund
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VY® JPMorgan Emerging Markets Equity Portfolio
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AB VPS Sustainable International Thematic Portfolio
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Invesco V.I. Health Care Fund
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Invesco V.I. Core Equity Fund
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Invesco V.I. Technology Fund
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AB VPS Large Cap Growth Portfolio
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MFS® High Yield Portfolio
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Federated Hermes Fund for U.S. Government Securities II
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MFS® Income Portfolio
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Federated Hermes Managed Volatility Fund II
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BlackRock S&P 500 Index V.I. Fund
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Hartford Balanced HLS Fund
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Neuberger Berman AMT Short Duration Bond Portfolio
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Hartford Total Return Bond HLS Fund
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Pioneer Fund VCT Portfolio
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Hartford Capital Appreciation HLS Fund
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Pioneer Select Mid Cap Growth VCT Portfolio
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Hartford Dividend and Growth HLS Fund
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VanEck VIP Global Resources Fund
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Hartford Disciplined Equity HLS Fund
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Allspring VT Discovery SMID Cap Growth Fund (formerly Allspring VT Discovery Fund)
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Hartford International Opportunities HLS Fund
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Voya Global High Dividend Low Volatility Portfolio
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Hartford Ultrashort Bond HLS Fund
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NVIT Emerging Markets Fund
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Hartford SmallCap Growth HLS Fund
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Sub-Account
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Statements of Assets and Liabilities
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Statements of Operations
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Statements of Changes in Net Assets
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Financial Highlights
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As of
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For the
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For the
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For the
|
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Hartford MidCap HLS Fund
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December 31, 2023
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Year ended December 31, 2023
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Two years in the period ended December 31, 2023
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Three years in the period ended December 31, 2023 and the period from September 18, 2020 to December 31, 2020
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MFS® Growth Series
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December 31, 2023
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Year ended December 31, 2023
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Two years in the period ended December 31, 2023
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Three years in the period ended December 31, 2023 and the period from October 7, 2020 to December 31, 2020
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Neuberger Berman AMT Sustainable Equity Portfolio
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December 31, 2023
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Year ended December 31, 2023
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Two years in the period ended December 31, 2023
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Four years in the period ended December 31, 2023 and the period from April 30, 2019 to December 31, 2019
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Invesco V.I. Government Securities Fund
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December 31, 2023
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Year ended December 31, 2023
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Year ended December 31, 2023 and the period from June 28, 2022 to December 31, 2022
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Year ended December 31, 2023 and the period from June 28, 2022 to December 31, 2022
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Invesco V.I. High Yield Fund
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December 31, 2023
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Period from May 24, 2023 through December 31, 2023
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Year ended December 31, 2023 and the period from May 4, 2022 to May 9, 2022
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Year ended December 31, 2023 and the period from May 4, 2022 to May 9, 2022
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Invesco V.I. Government Money Market Fund
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Not Applicable
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Period from January 1, 2023 to November 13, 2023
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Period from January 1, 2023 to November 13, 2023 and the year ended December 31, 2022
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Period from January 1, 2023 to November 13, 2023 and the four years in the period ended December 31, 2022
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Federated Hermes High Income Bond Fund II
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Not Applicable
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Period from February 17, 2023 to February 21, 2023
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Period from February 17, 2023 to February 21, 2023
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Period from February 17, 2023 to February 21, 2023
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SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Assets and Liabilities | ||||||||||||||||||||
December 31, 2023 | ||||||||||||||||||||
American Century VP Balanced Fund | American Century VP Capital Appreciation Fund | AB VPS Sustainable International Thematic Portfolio | Invesco V.I. Core Equity Fund | Invesco V.I. Government Securities Fund | Invesco V.I. High Yield Fund | AB VPS Large Cap Growth Portfolio | Federated Hermes Fund for U.S. Government Securities II | Federated Hermes Managed Volatility Fund II | Hartford Balanced HLS Fund | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account (1) | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Assets: | ||||||||||||||||||||
Investments, at fair value | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | 22,419 | - | - | - | 75,885 | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | 63,335 | 36,566 | - | - | - | - | - | - | - | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | 204,031 | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | 10,005 | 7,943 | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | 50,064 | 12,709 | 27,128 | - | - | - | - | ||||||||||
Total investments | 63,335 | 36,566 | 22,419 | 50,064 | 12,709 | 27,128 | 75,885 | 10,005 | 7,943 | 204,031 | ||||||||||
Due from Sponsor Company | - | - | - | - | - | - | - | - | - | - | ||||||||||
Receivable for fund shares sold | 2 | 1 | 1 | 2 | 1 | 3 | 3 | - | - | 23 | ||||||||||
Other assets | - | - | 1 | - | - | - | - | 1 | - | - | ||||||||||
Total assets | 63,337 | 36,567 | 22,421 | 50,066 | 12,710 | 27,131 | 75,888 | 10,006 | 7,943 | 204,054 | ||||||||||
Liabilities: | ||||||||||||||||||||
Due to Sponsor Company | 2 | 1 | 1 | 2 | 1 | 3 | 3 | - | - | 23 | ||||||||||
Payable for fund shares purchased | - | - | - | - | - | - | - | - | - | - | ||||||||||
Other liabilities | - | - | - | - | - | - | 1 | - | - | - | ||||||||||
Total liabilities | 2 | 1 | 1 | 2 | 1 | 3 | 4 | - | - | 23 | ||||||||||
Net assets: | ||||||||||||||||||||
For contract liabilities | $ | 63,335 | $ | 36,566 | $ | 22,420 | $ | 50,064 | $ | 12,709 | $ | 27,128 | $ | 75,884 | $ | 10,006 | $ | 7,943 | $ | 204,031 |
Contract Liabilities: | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | 22,420 | - | - | - | 75,884 | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | 63,335 | 36,566 | - | - | - | - | - | - | - | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | 204,031 | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | 10,006 | 7,943 | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | 50,064 | 12,709 | 27,128 | - | - | - | - | ||||||||||
Total contract liabilities | $ | 63,335 | $ | 36,566 | $ | 22,420 | $ | 50,064 | $ | 12,709 | $ | 27,128 | $ | 75,884 | $ | 10,006 | $ | 7,943 | $ | 204,031 |
Shares: | ||||||||||||||||||||
class 2 | - | - | - | - | - | - | - | - | - | - | ||||||||||
class A | - | - | 1,255 | - | - | - | 1,019 | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | 8,279 | 2,571 | - | - | - | - | - | - | - | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | 7,094 | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | 1,070 | 881 | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | 1,709 | 1,231 | 5,784 | - | - | - | - | ||||||||||
Total shares | 8,279 | 2,571 | 1,255 | 1,709 | 1,231 | 5,784 | 1,019 | 1,070 | 881 | 7,094 | ||||||||||
Cost | $ | 57,268 | $ | 36,329 | $ | 28,136 | $ | 47,623 | $ | 12,140 | $ | 26,481 | $ | 60,088 | $ | 11,799 | $ | 8,944 | $ | 181,461 |
Deferred contracts in the accumulation period: | ||||||||||||||||||||
Units owned by participants # | 1,230 | 504 | 1,740 | 892 | 1,358 | 2,705 | 581 | 473 | 224 | 20,223 | ||||||||||
Minimum unit fair value #* | $ | 51.483218 | $ | 72.552776 | $ | 12.883265 | $ | 56.107182 | $ | 9.358998 | $ | 10.027320 | $ | 130.586121 | $ | 21.173796 | $ | 35.417474 | $ | 10.074116 |
Maximum unit fair value #* | $ | 51.483218 | $ | 72.552776 | $ | 12.883265 | $ | 56.107182 | $ | 9.358998 | $ | 10.027320 | $ | 130.586121 | $ | 21.173796 | $ | 35.417474 | $ | 10.074116 |
Contract liability | $ | 63,335 | $ | 36,566 | $ | 22,420 | $ | 50,064 | $ | 12,709 | $ | 27,128 | $ | 75,884 | $ | 10,006 | $ | 7,943 | $ | 203,729 |
Contracts in payout (annuitization) period: | ||||||||||||||||||||
Units owned by participants # | - | - | - | - | - | - | - | - | - | 30 | ||||||||||
Minimum unit fair value #* | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 10.074116 |
Maximum unit fair value #* | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 10.074116 |
Contract liability | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 302 |
# Rounded units/unit fair values | ||||||||||||||||||||
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows. | ||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Assets and Liabilities (continued) | ||||||||||||||||||||
December 31, 2023 | ||||||||||||||||||||
Hartford Total Return Bond HLS Fund | Hartford Capital Appreciation HLS Fund | Hartford Dividend and Growth HLS Fund | Hartford Disciplined Equity HLS Fund | Hartford International Opportunities HLS Fund | Hartford MidCap HLS Fund | Hartford Ultrashort Bond HLS Fund | Hartford SmallCap Growth HLS Fund | Hartford Stock HLS Fund | VY® JPMorgan Emerging Markets Equity Portfolio | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Assets: | ||||||||||||||||||||
Investments, at fair value | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | - | - | - | - | 4,374 | ||||||||||
class IA | 182,881 | 69,943 | 305,075 | 2,051,367 | 134,043 | 148,956 | 67,598 | 262,603 | 3,916 | - | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | - | - | - | - | - | - | - | ||||||||||
Total investments | 182,881 | 69,943 | 305,075 | 2,051,367 | 134,043 | 148,956 | 67,598 | 262,603 | 3,916 | 4,374 | ||||||||||
Due from Sponsor Company | - | - | - | - | - | - | - | - | - | - | ||||||||||
Receivable for fund shares sold | 20 | 8 | 34 | 228 | 15 | 17 | 7 | 29 | - | - | ||||||||||
Other assets | - | - | - | - | - | - | - | - | - | - | ||||||||||
Total assets | 182,901 | 69,951 | 305,109 | 2,051,595 | 134,058 | 148,973 | 67,605 | 262,632 | 3,916 | 4,374 | ||||||||||
Liabilities: | ||||||||||||||||||||
Due to Sponsor Company | 20 | 8 | 34 | 228 | 15 | 17 | 7 | 29 | - | - | ||||||||||
Payable for fund shares purchased | - | - | - | - | - | - | - | - | - | - | ||||||||||
Other liabilities | - | - | 1 | - | - | - | - | - | - | - | ||||||||||
Total liabilities | 20 | 8 | 35 | 228 | 15 | 17 | 7 | 29 | - | - | ||||||||||
Net assets: | ||||||||||||||||||||
For contract liabilities | $ | 182,881 | $ | 69,943 | $ | 305,074 | $ | 2,051,367 | $ | 134,043 | $ | 148,956 | $ | 67,598 | $ | 262,603 | $ | 3,916 | $ | 4,374 |
Contract Liabilities: | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | - | - | - | - | 4,374 | ||||||||||
class IA | 182,881 | 69,943 | 305,074 | 2,051,367 | 134,043 | 148,956 | 67,598 | 262,603 | 3,916 | - | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | - | - | - | - | - | - | - | ||||||||||
Total contract liabilities | $ | 182,881 | $ | 69,943 | $ | 305,074 | $ | 2,051,367 | $ | 134,043 | $ | 148,956 | $ | 67,598 | $ | 262,603 | $ | 3,916 | $ | 4,374 |
Shares: | ||||||||||||||||||||
class 2 | - | - | - | - | - | - | - | - | - | - | ||||||||||
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | - | - | - | - | 348 | ||||||||||
class IA | 19,110 | 1,519 | 13,481 | 108,768 | 8,859 | 5,446 | 6,538 | 10,214 | 41 | - | ||||||||||
class INIT | - | - | - | - | - | - | - | - | - | - | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | - | - | - | - | - | - | - | - | - | - | ||||||||||
Total shares | 19,110 | 1,519 | 13,481 | 108,768 | 8,859 | 5,446 | 6,538 | 10,214 | 41 | 348 | ||||||||||
Cost | $ | 216,554 | $ | 70,421 | $ | 281,444 | $ | 1,674,987 | $ | 101,077 | $ | 183,855 | $ | 65,862 | $ | 238,225 | $ | 2,572 | $ | 5,795 |
Deferred contracts in the accumulation period: | ||||||||||||||||||||
Units owned by participants # | 48,248 | 10,609 | 55,222 | 20,623 | 36,087 | 13,495 | 37,140 | 2,862 | 762 | 179 | ||||||||||
Minimum unit fair value #* | $ | 3.772372 | $ | 6.592530 | $ | 5.515953 | $ | 99.310466 | $ | 3.714494 | $ | 11.001519 | $ | 1.713784 | $ | 91.756045 | $ | 5.137128 | $ | 24.455130 |
Maximum unit fair value #* | $ | 3.772372 | $ | 6.592530 | $ | 5.515953 | $ | 99.310466 | $ | 3.714494 | $ | 11.001519 | $ | 10.759440 | $ | 91.756045 | $ | 5.137128 | $ | 24.455130 |
Contract liability | $ | 182,008 | $ | 69,943 | $ | 304,601 | $ | 2,048,051 | $ | 134,043 | $ | 148,465 | $ | 67,598 | $ | 262,603 | $ | 3,916 | $ | 4,374 |
Contracts in payout (annuitization) period: | ||||||||||||||||||||
Units owned by participants # | 231 | - | 86 | 33 | - | 45 | - | - | - | - | ||||||||||
Minimum unit fair value #* | $ | 3.772372 | $ | - | $ | 5.515953 | $ | 99.310466 | $ | - | $ | 11.001519 | $ | - | $ | - | $ | - | $ | - |
Maximum unit fair value #* | $ | 3.772372 | $ | - | $ | 5.515953 | $ | 99.310466 | $ | - | $ | 11.001519 | $ | - | $ | - | $ | - | $ | - |
Contract liability | $ | 873 | $ | - | $ | 473 | $ | 3,316 | $ | - | $ | 491 | $ | - | $ | - | $ | - | $ | - |
# Rounded units/unit fair values | ||||||||||||||||||||
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows. | ||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Assets and Liabilities (continued) | ||||||||||||||||||||
December 31, 2023 | ||||||||||||||||||||
Invesco V.I. Health Care Fund | Invesco V.I. Technology Fund | MFS® Growth Series | MFS® High Yield Portfolio | MFS® Income Portfolio | BlackRock S&P 500 Index V.I. Fund | Neuberger Berman AMT Short Duration Bond Portfolio | Pioneer Fund VCT Portfolio | Pioneer Select Mid Cap Growth VCT Portfolio | VanEck VIP Global Resources Fund | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Assets: | ||||||||||||||||||||
Investments, at fair value | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | 699,140 | 14,017 | 37,818 | 55,818 | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | - | ||||||||||
class INIT | - | - | 1,893 | 7,981 | 11,003 | - | - | - | - | 7,875 | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | 105,982 | 40,177 | - | - | - | - | - | - | - | - | ||||||||||
Total investments | 105,982 | 40,177 | 1,893 | 7,981 | 11,003 | 699,140 | 14,017 | 37,818 | 55,818 | 7,875 | ||||||||||
Due from Sponsor Company | - | - | - | - | - | - | - | - | - | - | ||||||||||
Receivable for fund shares sold | 4 | 2 | - | - | - | 71 | 1 | 1 | 2 | - | ||||||||||
Other assets | - | - | - | - | - | - | - | - | - | - | ||||||||||
Total assets | 105,986 | 40,179 | 1,893 | 7,981 | 11,003 | 699,211 | 14,018 | 37,819 | 55,820 | 7,875 | ||||||||||
Liabilities: | ||||||||||||||||||||
Due to Sponsor Company | 4 | 2 | - | - | - | 71 | 1 | 1 | 2 | - | ||||||||||
Payable for fund shares purchased | - | - | - | - | - | - | - | - | - | - | ||||||||||
Other liabilities | - | 1 | - | - | 1 | - | - | - | - | - | ||||||||||
Total liabilities | 4 | 3 | - | - | 1 | 71 | 1 | 1 | 2 | - | ||||||||||
Net assets: | ||||||||||||||||||||
For contract liabilities | $ | 105,982 | $ | 40,176 | $ | 1,893 | $ | 7,981 | $ | 11,002 | $ | 699,140 | $ | 14,017 | $ | 37,818 | $ | 55,818 | $ | 7,875 |
Contract Liabilities: | ||||||||||||||||||||
class 2 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - |
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | 699,140 | 14,017 | 37,818 | 55,818 | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | - | ||||||||||
class INIT | - | - | 1,893 | 7,981 | 11,002 | - | - | - | - | 7,875 | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | 105,982 | 40,176 | - | - | - | - | - | - | - | - | ||||||||||
Total contract liabilities | $ | 105,982 | $ | 40,176 | $ | 1,893 | $ | 7,981 | $ | 11,002 | $ | 699,140 | $ | 14,017 | $ | 37,818 | $ | 55,818 | $ | 7,875 |
Shares: | ||||||||||||||||||||
class 2 | - | - | - | - | - | - | - | - | - | - | ||||||||||
class A | - | - | - | - | - | - | - | - | - | - | ||||||||||
class D | - | - | - | - | - | - | - | - | - | - | ||||||||||
class I | - | - | - | - | - | 23,620 | 1,454 | 2,362 | 2,535 | - | ||||||||||
class IA | - | - | - | - | - | - | - | - | - | - | ||||||||||
class INIT | - | - | 31 | 1,596 | 1,315 | - | - | - | - | 296 | ||||||||||
class PRIM | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S | - | - | - | - | - | - | - | - | - | - | ||||||||||
class S1 | 4,090 | 2,172 | - | - | - | - | - | - | - | - | ||||||||||
Total shares | 4,090 | 2,172 | 31 | 1,596 | 1,315 | 23,620 | 1,454 | 2,362 | 2,535 | 296 | ||||||||||
Cost | $ | 102,973 | $ | 38,803 | $ | 2,111 | $ | 9,194 | $ | 12,881 | $ | 573,508 | $ | 15,233 | $ | 37,283 | $ | 64,620 | $ | 8,333 |
Deferred contracts in the accumulation period: | ||||||||||||||||||||
Units owned by participants # | 1,454 | 669 | 16 | 544 | 858 | 40,400 | 823 | 724 | 765 | 239 | ||||||||||
Minimum unit fair value #* | $ | 72.870547 | $ | 60.062143 | $ | 116.436204 | $ | 14.677683 | $ | 12.823904 | $ | 17.174219 | $ | 17.028799 | $ | 52.203969 | $ | 72.929945 | $ | 32.952528 |
Maximum unit fair value #* | $ | 72.870547 | $ | 60.062143 | $ | 116.436204 | $ | 14.677683 | $ | 12.823904 | $ | 18.112734 | $ | 17.028799 | $ | 52.203969 | $ | 72.929945 | $ | 32.952528 |
Contract liability | $ | 105,982 | $ | 40,176 | $ | 1,893 | $ | 7,981 | $ | 11,002 | $ | 698,750 | $ | 14,017 | $ | 37,818 | $ | 55,818 | $ | 7,875 |
Contracts in payout (annuitization) period: | ||||||||||||||||||||
Units owned by participants # | - | - | - | - | - | 23 | - | - | - | - | ||||||||||
Minimum unit fair value #* | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 17.174219 | $ | - | $ | - | $ | - | $ | - |
Maximum unit fair value #* | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 17.174219 | $ | - | $ | - | $ | - | $ | - |
Contract liability | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 390 | $ | - | $ | - | $ | - | $ | - |
# Rounded units/unit fair values | ||||||||||||||||||||
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows. | ||||||||||||||||||||
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||
Union Security Life Insurance Company of New York | ||||||||
Statements of Assets and Liabilities (concluded) | ||||||||
December 31, 2023 | ||||||||
Allspring VT Discovery SMID Cap Growth Fund | Voya Global High Dividend Low Volatility Portfolio | NVIT Emerging Markets Fund | Neuberger Berman AMT Sustainable Equity Portfolio | |||||
Sub-Account (2) | Sub-Account | Sub-Account | Sub-Account | |||||
Assets: | ||||||||
Investments, at fair value | ||||||||
class 2 | $ | 43,671 | $ | - | $ | - | $ | - |
class A | - | - | - | - | ||||
class D | - | - | 7,370 | - | ||||
class I | - | - | - | 79,395 | ||||
class IA | - | - | - | - | ||||
class INIT | - | - | - | - | ||||
class PRIM | - | - | - | - | ||||
class S | - | 59,594 | - | - | ||||
class S1 | - | - | - | - | ||||
Total investments | 43,671 | 59,594 | 7,370 | 79,395 | ||||
Due from Sponsor Company | - | - | - | - | ||||
Receivable for fund shares sold | 2 | 2 | - | 3 | ||||
Other assets | - | - | 1 | - | ||||
Total assets | 43,673 | 59,596 | 7,371 | 79,398 | ||||
Liabilities: | ||||||||
Due to Sponsor Company | 2 | 2 | - | 3 | ||||
Payable for fund shares purchased | - | - | - | - | ||||
Other liabilities | - | - | - | - | ||||
Total liabilities | 2 | 2 | - | 3 | ||||
Net assets: | ||||||||
For contract liabilities | $ | 43,671 | $ | 59,594 | $ | 7,371 | $ | 79,395 |
Contract Liabilities: | ||||||||
class 2 | $ | 43,671 | $ | - | $ | - | $ | - |
class A | - | - | - | - | ||||
class D | - | - | 7,371 | - | ||||
class I | - | - | - | 79,395 | ||||
class IA | - | - | - | - | ||||
class INIT | - | - | - | - | ||||
class PRIM | - | - | - | - | ||||
class S | - | 59,594 | - | - | ||||
class S1 | - | - | - | - | ||||
Total contract liabilities | $ | 43,671 | $ | 59,594 | $ | 7,371 | $ | 79,395 |
Shares: | ||||||||
class 2 | 2,134 | - | - | - | ||||
class A | - | - | - | - | ||||
class D | - | - | 713 | - | ||||
class I | - | - | - | 2,381 | ||||
class IA | - | - | - | - | ||||
class INIT | - | - | - | - | ||||
class PRIM | - | - | - | - | ||||
class S | - | 5,393 | - | - | ||||
class S1 | - | - | - | - | ||||
Total shares | 2,134 | 5,393 | 713 | 2,381 | ||||
Cost | $ | 51,842 | $ | 54,786 | $ | 7,286 | $ | 66,810 |
Deferred contracts in the accumulation period: | ||||||||
Units owned by participants # | 451 | 3,825 | 673 | 4,689 | ||||
Minimum unit fair value #* | $ | 96.824038 | $ | 15.580049 | $ | 10.955175 | $ | 16.930718 |
Maximum unit fair value #* | $ | 96.824038 | $ | 15.580049 | $ | 10.955175 | $ | 16.930718 |
Contract liability | $ | 43,671 | $ | 59,594 | $ | 7,371 | $ | 79,395 |
Contracts in payout (annuitization) period: | ||||||||
Units owned by participants # | - | - | - | - | ||||
Minimum unit fair value #* | $ | - | $ | - | $ | - | $ | - |
Maximum unit fair value #* | $ | - | $ | - | $ | - | $ | - |
Contract liability | $ | - | $ | - | $ | - | $ | - |
# Rounded units/unit fair values | ||||||||
* For Sub-Accounts with only one unit fair value, the unit fair value is illustrated in both the minimum and maximum unit fair value rows. | ||||||||
The accompanying notes are an integral part of these financial statements. |
(1) Funded as of May 24, 2023. |
(2) Formerly Allspring VT Discovery Fund. Change effective May 1, 2023. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Operations | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
American Century VP Balanced Fund | American Century VP Capital Appreciation Fund | AB VPS Sustainable International Thematic Portfolio | Invesco V.I. Core Equity Fund | Invesco V.I. Government Securities Fund | Invesco V.I. High Yield Fund | Invesco V.I. Government Money Market Fund | AB VPS Large Cap Growth Portfolio | Federated Hermes Fund for U.S. Government Securities II | Federated Hermes High Income Bond Fund II | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account (1) | Sub-Account (2) | Sub-Account | Sub-Account | Sub-Account (3)(4) | |||||||||||
Investment income: | ||||||||||||||||||||
Dividends | $ | 1,270 | $ | - | $ | - | $ | 341 | $ | 257 | $ | 1,369 | $ | 102 | $ | - | $ | 243 | $ | - |
Expenses: | ||||||||||||||||||||
Administrative charges | - | - | - | - | - | - | - | - | - | - | ||||||||||
Mortality and expense risk charges | (296) | (150) | (95) | (241) | (167) | (212) | (29) | (288) | (44) | - | ||||||||||
Total expenses | (296) | (150) | (95) | (241) | (167) | (212) | (29) | (288) | (44) | - | ||||||||||
Net investment income (loss) | 974 | (150) | (95) | 100 | 90 | 1,157 | 73 | (288) | 199 | - | ||||||||||
Net realized and unrealized gain (loss) on investments: | ||||||||||||||||||||
Net realized gain (loss) on security transactions | 199 | (14) | (116) | 9 | 6 | 2 | (1) | 885 | (135) | (1) | ||||||||||
Net realized gain distributions | - | 48 | 784 | 1,100 | - | - | - | 4,663 | - | - | ||||||||||
Change in unrealized appreciation (depreciation) during the period | 8,074 | 6,248 | 1,847 | 9,318 | 300 | 647 | - | 13,076 | 289 | - | ||||||||||
Net gain (loss) on investments | 8,273 | 6,282 | 2,515 | 10,427 | 306 | 649 | (1) | 18,624 | 154 | (1) | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 9,247 | $ | 6,132 | $ | 2,420 | $ | 10,527 | $ | 396 | $ | 1,806 | $ | 72 | $ | 18,336 | $ | 353 | $ | (1) |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Operations (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
Federated Hermes Managed Volatility Fund II | Hartford Balanced HLS Fund | Hartford Total Return Bond HLS Fund | Hartford Capital Appreciation HLS Fund | Hartford Dividend and Growth HLS Fund | Hartford Disciplined Equity HLS Fund | Hartford International Opportunities HLS Fund | Hartford MidCap HLS Fund | Hartford Ultrashort Bond HLS Fund | Hartford SmallCap Growth HLS Fund | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Investment income: | ||||||||||||||||||||
Dividends | $ | 138 | $ | 3,667 | $ | 6,161 | $ | 570 | $ | 4,565 | $ | 16,044 | $ | 1,637 | $ | 65 | $ | 929 | $ | - |
Expenses: | ||||||||||||||||||||
Administrative charges | - | (210) | (178) | - | - | (1,979) | - | - | (66) | (243) | ||||||||||
Mortality and expense risk charges | (33) | (2,627) | (2,230) | (862) | (3,830) | (24,732) | (1,919) | (2,331) | (850) | (3,033) | ||||||||||
Total expenses | (33) | (2,837) | (2,408) | (862) | (3,830) | (26,711) | (1,919) | (2,331) | (916) | (3,276) | ||||||||||
Net investment income (loss) | 105 | 830 | 3,753 | (292) | 735 | (10,667) | (282) | (2,266) | 13 | (3,276) | ||||||||||
Net realized and unrealized gain (loss) on investments: | ||||||||||||||||||||
Net realized gain (loss) on security transactions | (7) | 2,247 | (2,636) | (77) | 1,841 | 25,084 | 6,730 | (17,462) | 19 | 185 | ||||||||||
Net realized gain distributions | - | 6,009 | - | 1,103 | 24,811 | 12,904 | - | 10,771 | - | - | ||||||||||
Change in unrealized appreciation (depreciation) during the period | 504 | 15,932 | 8,542 | 10,131 | 7,312 | 325,493 | 7,293 | 30,716 | 2,604 | 41,579 | ||||||||||
Net gain (loss) on investments | 497 | 24,188 | 5,906 | 11,157 | 33,964 | 363,481 | 14,023 | 24,025 | 2,623 | 41,764 | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 602 | $ | 25,018 | $ | 9,659 | $ | 10,865 | $ | 34,699 | $ | 352,814 | $ | 13,741 | $ | 21,759 | $ | 2,636 | $ | 38,488 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Operations (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
Hartford Stock HLS Fund | VY® JPMorgan Emerging Markets Equity Portfolio | Invesco V.I. Health Care Fund | Invesco V.I. Technology Fund | MFS® Growth Series | MFS® High Yield Portfolio | MFS® Income Portfolio | BlackRock S&P 500 Index V.I. Fund | Neuberger Berman AMT Short Duration Bond Portfolio | Pioneer Fund VCT Portfolio | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Investment income: | ||||||||||||||||||||
Dividends | $ | 50 | $ | 83 | $ | - | $ | - | $ | - | $ | 432 | $ | 389 | $ | 8,842 | $ | 624 | $ | 307 |
Expenses: | ||||||||||||||||||||
Administrative charges | - | - | - | - | - | - | - | - | - | - | ||||||||||
Mortality and expense risk charges | (50) | (19) | (515) | (178) | (7) | (33) | (47) | (8,809) | (62) | (163) | ||||||||||
Total expenses | (50) | (19) | (515) | (178) | (7) | (33) | (47) | (8,809) | (62) | (163) | ||||||||||
Net investment income (loss) | - | 64 | (515) | (178) | (7) | 399 | 342 | 33 | 562 | 144 | ||||||||||
Net realized and unrealized gain (loss) on investments: | ||||||||||||||||||||
Net realized gain (loss) on security transactions | 173 | (8) | (376) | (1,272) | 1 | (6) | (40) | 30,025 | (6) | (18) | ||||||||||
Net realized gain distributions | 182 | - | - | - | 130 | - | - | 27,019 | - | 1,498 | ||||||||||
Change in unrealized appreciation (depreciation) during the period | (117) | 205 | 3,125 | 15,190 | 375 | 457 | 428 | 107,281 | 165 | 7,560 | ||||||||||
Net gain (loss) on investments | 238 | 197 | 2,749 | 13,918 | 506 | 451 | 388 | 164,325 | 159 | 9,040 | ||||||||||
Net increase (decrease) in net assets resulting from operations | $ | 238 | $ | 261 | $ | 2,234 | $ | 13,740 | $ | 499 | $ | 850 | $ | 730 | $ | 164,358 | $ | 721 | $ | 9,184 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||
Statements of Operations (concluded) | ||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||
Pioneer Select Mid Cap Growth VCT Portfolio | VanEck VIP Global Resources Fund | Allspring VT Discovery SMID Cap Growth Fund | Voya Global High Dividend Low Volatility Portfolio | NVIT Emerging Markets Fund | Neuberger Berman AMT Sustainable Equity Portfolio | |||||||
Sub-Account | Sub-Account | Sub-Account (5) | Sub-Account | Sub-Account | Sub-Account | |||||||
Investment income: | ||||||||||||
Dividends | $ | - | $ | 224 | $ | - | $ | 1,769 | $ | 105 | $ | 256 |
Expenses: | ||||||||||||
Administrative charges | - | - | - | - | - | - | ||||||
Mortality and expense risk charges | (228) | (94) | (181) | (289) | (33) | (330) | ||||||
Total expenses | (228) | (94) | (181) | (289) | (33) | (330) | ||||||
Net investment income (loss) | (228) | 130 | (181) | 1,480 | 72 | (74) | ||||||
Net realized and unrealized gain (loss) on investments: | ||||||||||||
Net realized gain (loss) on security transactions | (75) | (3,245) | (92) | 251 | 4 | 604 | ||||||
Net realized gain distributions | - | - | - | 2,261 | - | 1,208 | ||||||
Change in unrealized appreciation (depreciation) during the period | 8,915 | (741) | 7,430 | (706) | 161 | 15,598 | ||||||
Net gain (loss) on investments | 8,840 | (3,986) | 7,338 | 1,806 | 165 | 17,410 | ||||||
Net increase (decrease) in net assets resulting from operations | $ | 8,612 | $ | (3,856) | $ | 7,157 | $ | 3,286 | $ | 237 | $ | 17,336 |
The accompanying notes are an integral part of these financial statements. |
(1) Funded as of May 24, 2023. |
(2) Not funded as of December 31, 2023. |
(3) Funded as of February 17, 2023. |
(4) Not funded as of December 31, 2023. |
(5) Formerly Allspring VT Discovery Fund. Change effective May 1, 2023. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Changes in Net Assets | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
American Century VP Balanced Fund | American Century VP Capital Appreciation Fund | AB VPS Sustainable International Thematic Portfolio | Invesco V.I. Core Equity Fund | Invesco V.I. Government Securities Fund | Invesco V.I. High Yield Fund | Invesco V.I. Government Money Market Fund | AB VPS Large Cap Growth Portfolio | Federated Hermes Fund for U.S. Government Securities II | Federated Hermes High Income Bond Fund II | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account (1) | Sub-Account (2) | Sub-Account | Sub-Account | Sub-Account (3)(4) | |||||||||||
Operations: | ||||||||||||||||||||
Net investment income (loss) | $ | 974 | $ | (150) | $ | (95) | $ | 100 | $ | 90 | $ | 1,157 | $ | 73 | $ | (288) | $ | 199 | $ | - |
Net realized gain (loss) on security transactions | 199 | (14) | (116) | 9 | 6 | 2 | (1) | 885 | (135) | (1) | ||||||||||
Net realized gain distributions | - | 48 | 784 | 1,100 | - | - | - | 4,663 | - | - | ||||||||||
Change in unrealized appreciation (depreciation) during the period | 8,074 | 6,248 | 1,847 | 9,318 | 300 | 647 | - | 13,076 | 289 | - | ||||||||||
Net increase (decrease) in net assets resulting from operations | 9,247 | 6,132 | 2,420 | 10,527 | 396 | 1,806 | 72 | 18,336 | 353 | (1) | ||||||||||
Unit transactions: | ||||||||||||||||||||
Purchases | - | - | - | - | - | - | - | - | - | - | ||||||||||
Net transfers | - | - | - | - | - | 25,321 | - | 14,395 | - | - | ||||||||||
Surrenders for benefit payments and fees | (931) | (5) | (28) | (1,028) | - | - | (965) | (4,085) | (85) | (9) | ||||||||||
Other transactions | - | - | - | - | 1 | 1 | 1 | (1) | - | - | ||||||||||
Death benefits | (8,277) | - | 33 | (9,264) | - | - | (1,585) | 60 | 65 | 10 | ||||||||||
Net annuity transactions | - | - | - | - | - | - | - | - | - | - | ||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (9,208) | (5) | 5 | (10,292) | 1 | 25,322 | (2,549) | 10,369 | (20) | 1 | ||||||||||
Net increase (decrease) in net assets | 39 | 6,127 | 2,425 | 235 | 397 | 27,128 | (2,477) | 28,705 | 333 | - | ||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 63,296 | 30,439 | 19,995 | 49,829 | 12,312 | - | 2,477 | 47,179 | 9,673 | - | ||||||||||
End of period | $ | 63,335 | $ | 36,566 | $ | 22,420 | $ | 50,064 | $ | 12,709 | $ | 27,128 | $ | - | $ | 75,884 | $ | 10,006 | $ | - |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Changes in Net Assets (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
Federated Hermes Managed Volatility Fund II | Hartford Balanced HLS Fund | Hartford Total Return Bond HLS Fund | Hartford Capital Appreciation HLS Fund | Hartford Dividend and Growth HLS Fund | Hartford Disciplined Equity HLS Fund | Hartford International Opportunities HLS Fund | Hartford MidCap HLS Fund | Hartford Ultrashort Bond HLS Fund | Hartford SmallCap Growth HLS Fund | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Operations: | ||||||||||||||||||||
Net investment income (loss) | $ | 105 | $ | 830 | $ | 3,753 | $ | (292) | $ | 735 | $ | (10,667) | $ | (282) | $ | (2,266) | $ | 13 | $ | (3,276) |
Net realized gain (loss) on security transactions | (7) | 2,247 | (2,636) | (77) | 1,841 | 25,084 | 6,730 | (17,462) | 19 | 185 | ||||||||||
Net realized gain distributions | - | 6,009 | - | 1,103 | 24,811 | 12,904 | - | 10,771 | - | - | ||||||||||
Change in unrealized appreciation (depreciation) during the period | 504 | 15,932 | 8,542 | 10,131 | 7,312 | 325,493 | 7,293 | 30,716 | 2,604 | 41,579 | ||||||||||
Net increase (decrease) in net assets resulting from operations | 602 | 25,018 | 9,659 | 10,865 | 34,699 | 352,814 | 13,741 | 21,759 | 2,636 | 38,488 | ||||||||||
Unit transactions: | ||||||||||||||||||||
Purchases | - | 125 | - | - | - | 4,426 | 50 | - | 3 | - | ||||||||||
Net transfers | - | (483) | 1,207 | - | 1,636 | (3,941) | 684 | 1,176 | (621) | 1,826 | ||||||||||
Surrenders for benefit payments and fees | (2) | (37,496) | (4,031) | - | (15,447) | (183,043) | (28,029) | (62,207) | (5,999) | (7,076) | ||||||||||
Other transactions | - | - | - | - | - | - | - | - | 1 | - | ||||||||||
Death benefits | - | - | (4,217) | - | (4,138) | (26,124) | (2,209) | (1,544) | (4,612) | - | ||||||||||
Net annuity transactions | - | (62) | (128) | - | (96) | (543) | - | (101) | - | - | ||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (2) | (37,916) | (7,169) | - | (18,045) | (209,225) | (29,504) | (62,676) | (11,228) | (5,250) | ||||||||||
Net increase (decrease) in net assets | 600 | (12,898) | 2,490 | 10,865 | 16,654 | 143,589 | (15,763) | (40,917) | (8,592) | 33,238 | ||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 7,343 | 216,929 | 180,391 | 59,078 | 288,420 | 1,907,778 | 149,806 | 189,873 | 76,190 | 229,365 | ||||||||||
End of period | $ | 7,943 | $ | 204,031 | $ | 182,881 | $ | 69,943 | $ | 305,074 | $ | 2,051,367 | $ | 134,043 | $ | 148,956 | $ | 67,598 | $ | 262,603 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Changes in Net Assets (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||||||||||
Hartford Stock HLS Fund | VY® JPMorgan Emerging Markets Equity Portfolio | Invesco V.I. Health Care Fund | Invesco V.I. Technology Fund | MFS® Growth Series | MFS® High Yield Portfolio | MFS® Income Portfolio | BlackRock S&P 500 Index V.I. Fund | Neuberger Berman AMT Short Duration Bond Portfolio | Pioneer Fund VCT Portfolio | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Operations: | ||||||||||||||||||||
Net investment income (loss) | $ | - | $ | 64 | $ | (515) | $ | (178) | $ | (7) | $ | 399 | $ | 342 | $ | 33 | $ | 562 | $ | 144 |
Net realized gain (loss) on security transactions | 173 | (8) | (376) | (1,272) | 1 | (6) | (40) | 30,025 | (6) | (18) | ||||||||||
Net realized gain distributions | 182 | - | - | - | 130 | - | - | 27,019 | - | 1,498 | ||||||||||
Change in unrealized appreciation (depreciation) during the period | (117) | 205 | 3,125 | 15,190 | 375 | 457 | 428 | 107,281 | 165 | 7,560 | ||||||||||
Net increase (decrease) in net assets resulting from operations | 238 | 261 | 2,234 | 13,740 | 499 | 850 | 730 | 164,358 | 721 | 9,184 | ||||||||||
Unit transactions: | ||||||||||||||||||||
Purchases | - | - | - | - | - | - | - | 1,050 | - | - | ||||||||||
Net transfers | (414) | - | - | 14,395 | - | - | - | (1,070) | - | 410 | ||||||||||
Net interfund transfers due to corporate actions | - | - | - | - | - | - | - | - | - | - | ||||||||||
Surrenders for benefit payments and fees | (3) | (3) | (1,571) | (16,673) | (6) | (1) | (15) | (197,889) | - | (4,046) | ||||||||||
Other transactions | (8) | - | - | - | (4) | - | - | - | - | (9) | ||||||||||
Death benefits | - | - | (14,007) | 12 | - | - | 15 | (7,399) | - | (361) | ||||||||||
Net annuity transactions | - | - | - | - | - | - | - | (77) | - | - | ||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (425) | (3) | (15,578) | (2,266) | (10) | (1) | - | (205,385) | - | (4,006) | ||||||||||
Net increase (decrease) in net assets | (187) | 258 | (13,344) | 11,474 | 489 | 849 | 730 | (41,027) | 721 | 5,178 | ||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 4,103 | 4,116 | 119,326 | 28,702 | 1,404 | 7,132 | 10,272 | 740,167 | 13,296 | 32,640 | ||||||||||
End of period | $ | 3,916 | $ | 4,374 | $ | 105,982 | $ | 40,176 | $ | 1,893 | $ | 7,981 | $ | 11,002 | $ | 699,140 | $ | 14,017 | $ | 37,818 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||
Statements of Changes in Net Assets (concluded) | ||||||||||||
For the Periods Ended December 31, 2023 | ||||||||||||
Pioneer Select Mid Cap Growth VCT Portfolio | VanEck VIP Global Resources Fund | Allspring VT Discovery SMID Cap Growth Fund | Voya Global High Dividend Low Volatility Portfolio | NVIT Emerging Markets Fund | Neuberger Berman AMT Sustainable Equity Portfolio | |||||||
Sub-Account | Sub-Account | Sub-Account (5) | Sub-Account | Sub-Account | Sub-Account | |||||||
Operations: | ||||||||||||
Net investment income (loss) | $ | (228) | $ | 130 | $ | (181) | $ | 1,480 | $ | 72 | $ | (74) |
Net realized gain (loss) on security transactions | (75) | (3,245) | (92) | 251 | 4 | 604 | ||||||
Net realized gain distributions | - | - | - | 2,261 | - | 1,208 | ||||||
Change in unrealized appreciation (depreciation) during the period | 8,915 | (741) | 7,430 | (706) | 161 | 15,598 | ||||||
Net increase (decrease) in net assets resulting from operations | 8,612 | (3,856) | 7,157 | 3,286 | 237 | 17,336 | ||||||
Unit transactions: | ||||||||||||
Purchases | - | - | - | - | - | - | ||||||
Net transfers | - | (28,791) | - | - | - | - | ||||||
Surrenders for benefit payments and fees | (38) | (15) | (22) | (1,003) | (19) | (4,017) | ||||||
Other transactions | - | 1 | - | - | - | - | ||||||
Death benefits | - | - | 14 | (8,951) | 15 | - | ||||||
Net annuity transactions | - | - | - | - | - | - | ||||||
Net increase (decrease) in net assets resulting from unit transactions | (38) | (28,805) | (8) | (9,954) | (4) | (4,017) | ||||||
Net increase (decrease) in net assets | 8,574 | (32,661) | 7,149 | (6,668) | 233 | 13,319 | ||||||
Net assets: | ||||||||||||
Beginning of period | 47,244 | 40,536 | 36,522 | 66,262 | 7,138 | 66,076 | ||||||
End of period | $ | 55,818 | $ | 7,875 | $ | 43,671 | $ | 59,594 | $ | 7,371 | $ | 79,395 |
The accompanying notes are an integral part of these financial statements. |
(1) Funded as of May 24, 2023. |
(2) Not funded as of December 31, 2023. |
(3) Funded as of February 17, 2023. |
(4) Not funded as of December 31, 2023. |
(5) Formerly Allspring VT Discovery Fund. Change effective May 1, 2023. |
SEPARATE ACCOUNT A | ||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||
Statements of Changes in Net Assets | ||||||||||||||||||
For the Periods Ended December 31, 2022 | ||||||||||||||||||
American Century VP Balanced Fund | American Century VP Capital Appreciation Fund | AB VPS Sustainable International Thematic Portfolio | Invesco V.I. Core Equity Fund | Invesco V.I. Government Securities Fund | Invesco V.I. Government Money Market Fund | AB VPS Large Cap Growth Portfolio | Federated Hermes Fund for U.S. Government Securities II | Federated Hermes Managed Volatility Fund II | ||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | ||||||||||
Operations: | ||||||||||||||||||
Net investment income (loss) | $ | 510 | $ | (146) | $ | (96) | $ | 256 | $ | (331) | $ | 3 | $ | (333) | $ | 142 | $ | 107 |
Net realized gain (loss) on security transactions | 18 | (13) | (19) | 17 | (10,175) | - | 11,096 | (13) | (4) | |||||||||
Net realized gain distributions | 10,324 | 4,579 | 3,473 | 8,431 | - | - | 6,158 | - | 1,771 | |||||||||
Change in unrealized appreciation (depreciation) during the period | (24,410) | (16,513) | (11,110) | (21,874) | 269 | - | (55,195) | (1,570) | (3,084) | |||||||||
Net increase (decrease) in net assets resulting from operations | (13,558) | (12,093) | (7,752) | (13,170) | (10,237) | 3 | (38,274) | (1,441) | (1,210) | |||||||||
Unit transactions: | ||||||||||||||||||
Purchases | - | - | - | - | - | - | - | - | - | |||||||||
Net transfers | - | - | - | - | 148,089 | - | (52,603) | - | - | |||||||||
Surrenders for benefit payments and fees | (18) | (5) | - | - | (15,465) | (31) | (37) | (26) | (2) | |||||||||
Other transactions | - | - | - | - | - | - | 1 | - | - | |||||||||
Death benefits | - | - | - | - | (110,075) | - | - | - | - | |||||||||
Net annuity transactions | - | - | - | - | - | - | - | - | - | |||||||||
Net increase (decrease) in net assets resulting from unit transactions | (18) | (5) | - | - | 22,549 | (31) | (52,639) | (26) | (2) | |||||||||
Net increase (decrease) in net assets | (13,576) | (12,098) | (7,752) | (13,170) | 12,312 | (28) | (90,913) | (1,467) | (1,212) | |||||||||
Net assets: | ||||||||||||||||||
Beginning of period | 76,872 | 42,537 | 27,747 | 62,999 | - | 2,505 | 138,092 | 11,140 | 8,555 | |||||||||
End of period | $ | 63,296 | $ | 30,439 | $ | 19,995 | $ | 49,829 | $ | 12,312 | $ | 2,477 | $ | 47,179 | $ | 9,673 | $ | 7,343 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Changes in Net Assets (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2022 | ||||||||||||||||||||
Hartford Balanced HLS Fund | Hartford Total Return Bond HLS Fund | Hartford Capital Appreciation HLS Fund | Hartford Dividend and Growth HLS Fund | Hartford Disciplined Equity HLS Fund | Hartford International Opportunities HLS Fund | Hartford MidCap HLS Fund | Hartford Ultrashort Bond HLS Fund | Hartford SmallCap Growth HLS Fund | Hartford Stock HLS Fund | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Operations: | ||||||||||||||||||||
Net investment income (loss) | $ | 1,064 | $ | 3,101 | $ | (245) | $ | 977 | $ | (7,716) | $ | 379 | $ | (1,091) | $ | (872) | $ | (3,403) | $ | 13 |
Net realized gain (loss) on security transactions | 883 | (3,173) | (43) | 3,062 | 52,428 | 10,834 | (6,011) | (163) | 722 | 28 | ||||||||||
Net realized gain distributions | 29,244 | 2,303 | 8,110 | 31,800 | 114,062 | 26,659 | 30,619 | - | 42,128 | 403 | ||||||||||
Change in unrealized appreciation (depreciation) during the period | (69,497) | (36,494) | (19,442) | (70,006) | (670,616) | (75,791) | (97,008) | (228) | (136,651) | (722) | ||||||||||
Net increase (decrease) in net assets resulting from operations | (38,306) | (34,263) | (11,620) | (34,167) | (511,842) | (37,919) | (73,491) | (1,263) | (97,204) | (278) | ||||||||||
Unit transactions: | ||||||||||||||||||||
Purchases | 150 | - | - | - | 4,740 | 1,560 | - | - | - | - | ||||||||||
Net transfers | (697) | 29,602 | - | (4,356) | (28,347) | 535 | 2,625 | (1,188) | 1,248 | - | ||||||||||
Surrenders for benefit payments and fees | (5,864) | (12,981) | 1 | (5,736) | (90,071) | (3,544) | (35,400) | (5,904) | (3,634) | (3) | ||||||||||
Other transactions | - | (3) | - | 7 | 4 | 1 | 2 | 1 | - | (3) | ||||||||||
Death benefits | - | (1,393) | - | (1,401) | (3,745) | (680) | (513) | (1,558) | (763) | - | ||||||||||
Net annuity transactions | (72) | (1,150) | - | (4,325) | (158,346) | (19,970) | (122) | - | - | - | ||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (6,483) | 14,075 | 1 | (15,811) | (275,765) | (22,098) | (33,408) | (8,649) | (3,149) | (6) | ||||||||||
Net increase (decrease) in net assets | (44,789) | (20,188) | (11,619) | (49,978) | (787,607) | (60,017) | (106,899) | (9,912) | (100,353) | (284) | ||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 261,718 | 200,579 | 70,697 | 338,398 | 2,695,385 | 209,823 | 296,772 | 86,102 | 329,718 | 4,387 | ||||||||||
End of period | $ | 216,929 | $ | 180,391 | $ | 59,078 | $ | 288,420 | $ | 1,907,778 | $ | 149,806 | $ | 189,873 | $ | 76,190 | $ | 229,365 | $ | 4,103 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||||||||||||
Union Security Life Insurance Company of New York | ||||||||||||||||||||
Statements of Changes in Net Assets (continued) | ||||||||||||||||||||
For the Periods Ended December 31, 2022 | ||||||||||||||||||||
VY® JPMorgan Emerging Markets Equity Portfolio | Invesco V.I. Health Care Fund | Invesco V.I. Technology Fund | MFS® Growth Series | MFS® High Yield Portfolio | MFS® Income Portfolio | BlackRock S&P 500 Index V.I. Fund | Neuberger Berman AMT Short Duration Bond Portfolio | Pioneer Fund VCT Portfolio | Pioneer Select Mid Cap Growth VCT Portfolio | |||||||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | |||||||||||
Operations: | ||||||||||||||||||||
Net investment income (loss) | $ | (20) | $ | (531) | $ | (305) | $ | (7) | $ | 376 | $ | 329 | $ | 2,431 | $ | 460 | $ | 113 | $ | (235) |
Net realized gain (loss) on security transactions | (4) | 53 | 9,064 | 3 | (6) | (7) | 11,235 | (4) | (15) | (45) | ||||||||||
Net realized gain distributions | 1,215 | 16,456 | 13,262 | 182 | - | 106 | 36,228 | - | 5,601 | 10,150 | ||||||||||
Change in unrealized appreciation (depreciation) during the period | (2,655) | (34,936) | (74,848) | (833) | (1,244) | (2,112) | (226,466) | (1,246) | (7,343) | (31,479) | ||||||||||
Net increase (decrease) in net assets resulting from operations | (1,464) | (18,958) | (52,827) | (655) | (874) | (1,684) | (176,572) | (790) | (1,644) | (21,609) | ||||||||||
Unit transactions: | ||||||||||||||||||||
Purchases | - | - | - | - | - | - | 1,650 | - | - | - | ||||||||||
Net transfers | - | - | (75,897) | - | - | - | 32,703 | - | 32,125 | - | ||||||||||
Surrenders for benefit payments and fees | (3) | (27) | (24) | (5) | - | (1) | (18,243) | - | (6) | (46) | ||||||||||
Other transactions | - | - | - | (4) | - | - | 1 | - | - | - | ||||||||||
Death benefits | - | - | - | - | - | - | (257) | - | - | - | ||||||||||
Net annuity transactions | - | - | - | - | - | - | (41,275) | - | - | - | ||||||||||
Net increase (decrease) in net assets resulting from unit transactions | (3) | (27) | (75,921) | (9) | - | (1) | (25,421) | - | 32,119 | (46) | ||||||||||
Net increase (decrease) in net assets | (1,467) | (18,985) | (128,748) | (664) | (874) | (1,685) | (201,993) | (790) | 30,475 | (21,655) | ||||||||||
Net assets: | ||||||||||||||||||||
Beginning of period | 5,583 | 138,311 | 157,450 | 2,068 | 8,006 | 11,957 | 942,160 | 14,086 | 2,165 | 68,899 | ||||||||||
End of period | $ | 4,116 | $ | 119,326 | $ | 28,702 | $ | 1,404 | $ | 7,132 | $ | 10,272 | $ | 740,167 | $ | 13,296 | $ | 32,640 | $ | 47,244 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A | ||||||||||
Union Security Life Insurance Company of New York | ||||||||||
Statements of Changes in Net Assets (concluded) | ||||||||||
For the Periods Ended December 31, 2022 | ||||||||||
VanEck VIP Global Resources Fund | Allspring VT Discovery Fund | Voya Global High Dividend Low Volatility Portfolio | NVIT Emerging Markets Fund | Neuberger Berman AMT Sustainable Equity Portfolio | ||||||
Sub-Account | Sub-Account | Sub-Account | Sub-Account | Sub-Account | ||||||
Operations: | ||||||||||
Net investment income (loss) | $ | 549 | $ | (185) | $ | 1,343 | $ | (22) | $ | 53 |
Net realized gain (loss) on security transactions | 3 | (15) | 28 | 2 | 20 | |||||
Net realized gain distributions | - | 14,068 | 2,158 | - | 6,575 | |||||
Change in unrealized appreciation (depreciation) during the period | 243 | (36,378) | (7,417) | (2,405) | (15,359) | |||||
Net increase (decrease) in net assets resulting from operations | 795 | (22,510) | (3,888) | (2,425) | (8,711) | |||||
Unit transactions: | ||||||||||
Purchases | - | - | - | - | - | |||||
Net transfers | 32,125 | - | - | - | 32,125 | |||||
Surrenders for benefit payments and fees | (18) | (10) | (15) | (10) | (23) | |||||
Other transactions | - | - | - | - | - | |||||
Death benefits | - | - | - | - | - | |||||
Net annuity transactions | - | - | - | - | - | |||||
Net increase (decrease) in net assets resulting from unit transactions | 32,107 | (10) | (15) | (10) | 32,102 | |||||
Net increase (decrease) in net assets | 32,902 | (22,520) | (3,903) | (2,435) | 23,391 | |||||
Net assets: | ||||||||||
Beginning of period | 7,634 | 59,042 | 70,165 | 9,573 | 42,685 | |||||
End of period | $ | 40,536 | $ | 36,522 | $ | 66,262 | $ | 7,138 | $ | 66,076 |
The accompanying notes are an integral part of these financial statements. |
SEPARATE ACCOUNT A |
Union Security Life Insurance Company of New York |
Notes to Financial Statements
|
December 31, 2023 |
Sub-Account | Purchases at Cost | Proceeds from Sales | ||
American Century VP Balanced Fund | $ | 1,270 | $ | 9,505 |
American Century VP Capital Appreciation Fund | $ | 48 | $ | 155 |
AB VPS Sustainable International Thematic Portfolio | $ | 1,072 | $ | 379 |
Invesco V.I. Core Equity Fund | $ | 1,441 | $ | 10,534 |
Invesco V.I. Government Securities Fund | $ | 257 | $ | 167 |
Invesco V.I. High Yield Fund | $ | 26,691 | $ | 212 |
Invesco V.I. Government Money Market Fund+ | $ | 102 | $ | 2,579 |
AB VPS Large Cap Growth Portfolio | $ | 19,562 | $ | 4,817 |
Federated Hermes Fund for U.S. Government Securities II | $ | 846 | $ | 667 |
Federated Hermes High Income Bond Fund II+ | $ | 97 | $ | 96 |
Federated Hermes Managed Volatility Fund II | $ | 138 | $ | 35 |
Hartford Balanced HLS Fund | $ | 10,240 | $ | 41,318 |
Hartford Total Return Bond HLS Fund | $ | 8,415 | $ | 11,831 |
Hartford Capital Appreciation HLS Fund | $ | 1,674 | $ | 862 |
Hartford Dividend and Growth HLS Fund | $ | 31,273 | $ | 23,771 |
Hartford Disciplined Equity HLS Fund | $ | 29,086 | $ | 236,074 |
Hartford International Opportunities HLS Fund | $ | 2,401 | $ | 32,187 |
Hartford MidCap HLS Fund | $ | 12,915 | $ | 67,085 |
Hartford Ultrashort Bond HLS Fund | $ | 1,528 | $ | 12,743 |
Hartford SmallCap Growth HLS Fund | $ | 2,029 | $ | 10,555 |
Hartford Stock HLS Fund | $ | 232 | $ | 475 |
VY® JPMorgan Emerging Markets Equity Portfolio | $ | 83 | $ | 22 |
Invesco V.I. Health Care Fund | $ | - | $ | 16,093 |
Invesco V.I. Technology Fund | $ | 14,490 | $ | 16,933 |
MFS® Growth Series | $ | 130 | $ | 17 |
MFS® High Yield Portfolio | $ | 431 | $ | 33 |
MFS® Income Portfolio | $ | 533 | $ | 191 |
BlackRock S&P 500 Index V.I. Fund | $ | 36,031 | $ | 214,365 |
Neuberger Berman AMT Short Duration Bond Portfolio | $ | 625 | $ | 62 |
Pioneer Fund VCT Portfolio | $ | 1,804 | $ | 4,169 |
Pioneer Select Mid Cap Growth VCT Portfolio | $ | - | $ | 267 |
VanEck VIP Global Resources Fund | $ | 225 | $ | 28,900 |
Allspring VT Discovery SMID Cap Growth Fund+ | $ | 118 | $ | 307 |
Voya Global High Dividend Low Volatility Portfolio | $ | 4,030 | $ | 10,244 |
NVIT Emerging Markets Fund | $ | 248 | $ | 181 |
Neuberger Berman AMT Sustainable Equity Portfolio | $ | 1,464 | $ | 4,347 |
Sub-Account
|
Units Issued | Units Redeemed | Net Increase(Decrease) |
American Century VP Balanced Fund | - | 195 | (195) |
American Century VP Capital Appreciation Fund | - | - | - |
AB VPS Sustainable International Thematic Portfolio | 23 | 23 | - |
Invesco V.I. Core Equity Fund | - | 199 | (199) |
Invesco V.I. Government Securities Fund | - | - | - |
Invesco V.I. High Yield Fund | 2,705 | - | 2,705 |
Invesco V.I. Government Money Market Fund+ | - | 266 | (266) |
AB VPS Large Cap Growth Portfolio | 131.00 | 36 | 95 |
Federated Hermes Fund for U.S. Government Securities II | 30 | 31 | (1) |
Federated Hermes High Income Bond Fund II+ | 2 | 2 | - |
Federated Hermes Managed Volatility Fund II | - | - | - |
Hartford Balanced HLS Fund | 69 | 4,201 | (4,132) |
Hartford Total Return Bond HLS Fund | 642 | 2,628 | (1,986) |
Hartford Capital Appreciation HLS Fund | - | - | - |
Hartford Dividend and Growth HLS Fund | 389 | 3,982 | (3,593) |
Hartford Disciplined Equity HLS Fund | 6 | 2,329 | (2,323) |
Hartford International Opportunities HLS Fund | 224 | 8,588 | (8,364) |
Hartford MidCap HLS Fund | 222 | 6,242 | (6,020) |
Hartford Ultrashort Bond HLS Fund | 358 | 7,073 | (6,715) |
Hartford SmallCap Growth HLS Fund | 26 | 85 | (59) |
Hartford Stock HLS Fund | - | 87 | (87) |
VY® JPMorgan Emerging Markets Equity Portfolio | - | - | - |
Invesco V.I. Health Care Fund | - | 225 | (225) |
Invesco V.I. Technology Fund | 280 | 310 | (30) |
MFS® Growth Series | - | - | - |
MFS® High Yield Portfolio | - | - | - |
MFS® Income Portfolio | 12 | 12 | - |
BlackRock S&P 500 Index V.I. Fund | 18 | 12,771 | (12,753) |
Neuberger Berman AMT Short Duration Bond Portfolio | - | - | - |
Pioneer Fund VCT Portfolio | - | 79 | (79) |
Pioneer Select Mid Cap Growth VCT Portfolio | - | 1 | (1) |
VanEck VIP Global Resources Fund | - | 942 | (942) |
Allspring VT Discovery SMID Cap Growth Fund+ | 1 | 1 | - |
Voya Global High Dividend Low Volatility Portfolio | - | 681 | (681) |
NVIT Emerging Markets Fund | 14 | 14 | - |
Neuberger Berman AMT Sustainable Equity Portfolio | - | 241 | (241) |
Sub-Account
|
Units Issued | Units Redeemed | Net Increase (Decrease) |
American Century VP Balanced Fund | - | - | - |
American Century VP Capital Appreciation Fund | - | - | - |
AB VPS Sustainable International Thematic Portfolio | - | - | - |
Invesco V.I. Core Equity Fund | - | - | - |
Invesco V.I. Government Securities Fund | 30,869 | 29,511 | 1,358 |
Invesco V.I. Government Money Market Fund | - | 3 | (3) |
AB VPS Large Cap Growth Portfolio | - | 526 | (526) |
Federated Hermes Fund for U.S. Government Securities II | - | 1 | (1) |
Federated Hermes Managed Volatility Fund II | - | - | - |
Hartford Balanced HLS Fund | 32 | 774 | (742) |
Hartford Total Return Bond HLS Fund | 7,817 | 4,844 | 2,973 |
Hartford Capital Appreciation HLS Fund | - | - | - |
Hartford Dividend and Growth HLS Fund | 218 | 3,405 | (3,187) |
Hartford Disciplined Equity HLS Fund | 137 | 3,116 | (2,979) |
Hartford International Opportunities HLS Fund | 993 | 6,820 | (5,827) |
Hartford MidCap HLS Fund | 270 | 3,542 | (3,272) |
Hartford Ultrashort Bond HLS Fund | 23 | 5,259 | (5,236) |
Hartford SmallCap Growth HLS Fund | 17 | 59 | (42) |
Hartford Stock HLS Fund | - | - | - |
VY® JPMorgan Emerging Markets Equity Portfolio | - | - | - |
Invesco V.I. Health Care Fund | - | 1 | (1) |
Invesco V.I. Technology Fund | - | 1,593 | (1,593) |
MFS® Growth Series | - | - | - |
MFS® High Yield Portfolio | - | - | - |
MFS® Income Portfolio | - | - | - |
BlackRock S&P 500 Index V.I. Fund | 2,395 | 4,016 | (1,621) |
Neuberger Berman AMT Short Duration Bond Portfolio | - | - | - |
Pioneer Fund VCT Portfolio | 760 | - | 760 |
Pioneer Select Mid Cap Growth VCT Portfolio | - | 1 | (1) |
VanEck VIP Global Resources Fund | 941 | - | 941 |
Allspring VT Discovery Fund | - | - | - |
Voya Global High Dividend Low Volatility Portfolio | - | 1 | (1) |
NVIT Emerging Markets Fund | - | 1 | (1) |
Neuberger Berman AMT Sustainable Equity Portfolio | 2,346 | 2 | 2,344 |
Units # |
Unit Fair Value Lowest to Highest # |
Net Assets |
Expense Ratio Lowest to Highest* |
Investment Income Ratio Lowest to Highest** |
Total Return Ratio Lowest to Highest*** |
||||||||||
American Century VP Balanced Fund | |||||||||||||||
2023 | 1,230 | $51.483218 | to | $51.483218 | $63,335 | 0.45% | to | 0.45% | 1.93% | to | 1.93% | 15.88 | % | to | 15.88% |
2022 | 1,425 | $44.426165 | to | $44.426165 | $63,296 | 0.45% | to | 0.45% | 1.21% | to | 1.21% | (17.64) | % | to | (17.64)% |
2021 | 1,425 | $53.939947 | to | $53.939947 | $76,872 | 0.45% | to | 0.45% | 0.69% | to | 0.69% | 15.25 | % | to | 15.25% |
2020 | 1,792 | $46.802498 | to | $46.802498 | $83,874 | 0.45% | to | 0.45% | 1.16% | to | 1.16% | 12.02 | % | to | 12.02% |
2019 | 3,647 | $41.779788 | to | $41.779788 | $152,374 | 0.45% | to | 0.45% | 1.52% | to | 1.52% | 19.31 | % | to | 19.31% |
American Century VP Capital Appreciation Fund | |||||||||||||||
2023 | 504 | $72.552776 | to | $72.552776 | $36,566 | 0.45% | to | 0.45% | -% | to | -% | 20.15 | % | to | 20.15% |
2022 | 504 | $60.386447 | to | $60.386447 | $30,439 | 0.45% | to | 0.45% | -% | to | -% | (28.43) | % | to | (28.43)% |
2021 | 504 | $84.378098 | to | $84.378098 | $42,537 | 0.45% | to | 0.45% | -% | to | -% | 10.66 | % | to | 10.66% |
2020 | 504 | $76.252223 | to | $76.252223 | $38,445 | 0.45% | to | 0.45% | -% | to | -% | 41.82 | % | to | 41.82% |
2019 | 505 | $53.768143 | to | $53.768143 | $27,132 | 0.45% | to | 0.45% | -% | to | -% | 34.96 | % | to | 34.96% |
AB VPS Sustainable International Thematic Portfolio | |||||||||||||||
2023 | 1,740 | $12.883265 | to | $12.883265 | $22,420 | 0.45% | to | 0.45% | -% | to | -% | 12.13 | % | to | 12.13% |
2022 | 1,740 | $11.489717 | to | $11.489717 | $19,995 | 0.45% | to | 0.45% | -% | to | -% | (27.94) | % | to | (27.94)% |
2021 | 1,740 | $15.944082 | to | $15.944082 | $27,747 | 0.45% | to | 0.45% | -% | to | -% | 7.76 | % | to | 7.76% |
2020 | 1,740 | $14.795446 | to | $14.795446 | $25,750 | 0.45% | to | 0.45% | 1.39% | to | 1.39% | 29.36 | % | to | 29.36% |
2019 | 1,795 | $11.437596 | to | $11.437596 | $20,533 | 0.45% | to | 0.45% | 0.58% | to | 0.58% | 26.95 | % | to | 26.95% |
Invesco V.I. Core Equity Fund | |||||||||||||||
2023 | 892 | $56.107182 | to | $56.107182 | $50,064 | 0.45% | to | 0.45% | 0.64% | to | 0.64% | 22.81 | % | to | 22.81% |
2022 | 1,091 | $45.686282 | to | $45.686282 | $49,829 | 0.45% | to | 0.45% | 0.93% | to | 0.93% | (20.90) | % | to | (20.90)% |
2021 | 1,091 | $57.760516 | to | $57.760516 | $62,999 | 0.45% | to | 0.45% | 0.63% | to | 0.63% | 27.17 | % | to | 27.17% |
2020 | 1,465 | $45.421419 | to | $45.421419 | $66,550 | 0.45% | to | 0.45% | 1.37% | to | 1.37% | 13.34 | % | to | 13.34% |
2019 | 1,676 | $40.075446 | to | $40.075446 | $67,171 | 0.45% | to | 0.45% | 0.97% | to | 0.97% | 28.39 | % | to | 28.39% |
Invesco V.I. Government Securities Fund | |||||||||||||||
2023 | 1,358 | $9.358998 | to | $9.358998 | $12,709 | 1.35% | to | 1.35% | 2.08% | to | 2.08% | 3.22 | % | to | 3.22% |
2022♦ | 1,358 | $9.067193 | to | $9.067193 | $12,312 | 1.35% | to | 1.35% | -% | to | -% | (9.33) | % | to | (9.33)% |
Invesco V.I. High Yield Fund | |||||||||||||||
2023 | 2,705 | $10.027320 | to | $10.027320 | $27,128 | 1.35% | to | 1.35% | 5.29% | to | 5.29% | 8.70 | % | to | 8.70% |
2022♦ | - | $9.224917 | to | $9.224917 | $- | 1.35% | to | 1.35% | -% | to | -% | (7.75) | % | to | (7.75)% |
Invesco V.I. Government Money Market Fund+ | |||||||||||||||
2023 | - | $9.639181 | to | $9.639181 | $- | 1.35% | to | 1.35% | 4.08% | to | 4.08% | 3.46 | % | to | 3.46% |
2022 | 266 | $9.316454 | to | $9.316454 | $2,477 | 1.35% | to | 1.35% | 1.44% | to | 1.44% | 0.10 | % | to | 0.10% |
2021 | 269 | $9.307582 | to | $9.307582 | $2,505 | 1.35% | to | 1.35% | -% | to | -% | (1.33) | % | to | (1.33)% |
2020 | 272 | $9.433440 | to | $10.100226 | $2,569 | 0.45% | to | 1.35% | 0.29% | to | 0.29% | (1.05) | % | to | (0.16)% |
2019 | 6,251 | $9.533599 | to | $10.116003 | $63,079 | 0.45% | to | 1.35% | 1.78% | to | 1.93% | 0.53 | % | to | 1.44% |
AB VPS Large Cap Growth Portfolio | |||||||||||||||
2023 | 581 | $130.586121 | to | $130.586121 | $75,884 | 0.45% | to | 0.45% | -% | to | -% | 34.52 | % | to | 34.52% |
2022 | 486 | $97.075303 | to | $97.075303 | $47,179 | 0.45% | to | 0.45% | -% | to | -% | (28.83) | % | to | (28.83)% |
2021 | 1,012 | $136.399400 | to | $136.399400 | $138,092 | 0.45% | to | 0.45% | -% | to | -% | 28.39 | % | to | 28.39% |
2020 | 1,111 | $106.234770 | to | $106.234770 | $118,023 | 0.45% | to | 0.45% | -% | to | -% | 34.88 | % | to | 34.88% |
2019 | 1,098 | $78.764595 | to | $78.764595 | $86,466 | 0.45% | to | 0.45% | -% | to | -% | 34.09 | % | to | 34.09% |
Federated Hermes Fund for U.S. Government Securities II | |||||||||||||||
2023 | 473 | $21.173796 | to | $21.173796 | $10,006 | 0.45% | to | 0.45% | 2.49% | to | 2.49% | 3.72 | % | to | 3.72% |
2022 | 474 | $20.414032 | to | $20.414032 | $9,673 | 0.45% | to | 0.45% | 1.84% | to | 1.84% | (12.94) | % | to | (12.94)% |
2021 | 475 | $23.448558 | to | $23.448558 | $11,140 | 0.45% | to | 0.45% | 2.02% | to | 2.02% | (2.48) | % | to | (2.48)% |
2020 | 476 | $24.046053 | to | $24.046053 | $11,454 | 0.45% | to | 0.45% | 2.32% | to | 2.32% | 4.74 | % | to | 4.74% |
2019 | 1,491 | $22.957844 | to | $22.957844 | $34,234 | 0.45% | to | 0.45% | 2.55% | to | 2.55% | 5.42 | % | to | 5.42% |
Federated Hermes High Income Bond Fund II+ | |||||||||||||||
2023♦ | - | $43.314361 | to | $43.314361 | $- | 0.45% | to | 0.45% | -% | to | -% | 12.21 | % | to | 12.21% |
Federated Hermes Managed Volatility Fund II | |||||||||||||||
2023 | 224 | $35.417474 | to | $35.417474 | $7,943 | 0.45% | to | 0.45% | 1.85% | to | 1.85% | 8.19 | % | to | 8.19% |
2022 | 224 | $32.735088 | to | $32.735088 | $7,343 | 0.45% | to | 0.45% | 1.86% | to | 1.86% | (14.14) | % | to | (14.14)% |
2021 | 224 | $38.127164 | to | $38.127164 | $8,555 | 0.45% | to | 0.45% | 1.75% | to | 1.75% | 17.98 | % | to | 17.98% |
2020 | 224 | $32.316859 | to | $32.316859 | $7,253 | 0.45% | to | 0.45% | 2.55% | to | 2.55% | 0.48 | % | to | 0.48% |
2019 | 226.67 | $32.163028 | to | $32.163028 | $7,291 | 0.45% | to | 0.45% | 2.04% | to | 2.04% | 19.69 | % | to | 19.69% |
Hartford Balanced HLS Fund | |||||||||||||||
2023 | 20,253 | $10.074116 | to | $10.074116 | $204,031 | 1.35% | to | 1.35% | 1.74% | to | 1.74% | 13.24 | % | to | 13.24% |
2022 | 24,385 | $8.896312 | to | $8.896312 | $216,929 | 1.35% | to | 1.35% | 1.81% | to | 1.81% | (14.59) | % | to | (14.59)% |
2021 | 25,127 | $10.415654 | to | $10.415654 | $261,718 | 1.35% | to | 1.35% | 1.01% | to | 1.01% | 18.04 | % | to | 18.04% |
2020 | 26,232 | $8.823832 | to | $8.823832 | $231,461 | 1.35% | to | 1.35% | 1.68% | to | 1.68% | 10.12 | % | to | 10.12% |
2019 | 27,831 | $8.012962 | to | $8.012962 | $223,011 | 1.35% | to | 1.35% | -% | to | -% | 21.15 | % | to | 21.15% |
Hartford Total Return Bond HLS Fund | |||||||||||||||
2023 | 48,479 | $3.772372 | to | $3.772372 | $182,881 | 1.35% | to | 1.35% | 3.45% | to | 3.45% | 5.53 | % | to | 5.53% |
2022 | 50,465 | $3.574535 | to | $3.574535 | $180,391 | 1.35% | to | 1.35% | 2.93% | to | 2.93% | (15.36) | % | to | (15.36)% |
2021 | 47,492 | $4.223438 | to | $4.223438 | $200,579 | 1.35% | to | 1.35% | 2.29% | to | 2.29% | (2.27) | % | to | (2.27)% |
2020 | 75,520 | $4.321713 | to | $4.321713 | $326,375 | 1.35% | to | 1.35% | 3.12% | to | 3.12% | 7.57 | % | to | 7.57% |
2019 | 43,280 | $4.017746 | to | $4.017746 | $173,889 | 1.35% | to | 1.35% | 3.92% | to | 3.92% | 9.17 | % | to | 9.17% |
Hartford Capital Appreciation HLS Fund | |||||||||||||||
2023 | 10,609 | $6.592530 | to | $6.592530 | $69,943 | 1.35% | to | 1.35% | 0.89% | to | 0.89% | 18.39 | % | to | 18.39% |
2022 | 10,609 | $5.568410 | to | $5.568410 | $59,078 | 1.35% | to | 1.35% | 0.95% | to | 0.95% | (16.44) | % | to | (16.44)% |
2021 | 10,609 | $6.663616 | to | $6.663616 | $70,697 | 1.35% | to | 1.35% | 0.48% | to | 0.48% | 13.22 | % | to | 13.22% |
2020 | 11,148 | $5.885406 | to | $5.885406 | $65,610 | 1.35% | to | 1.35% | 1.00% | to | 1.00% | 20.28 | % | to | 20.28% |
2019 | 11,150 | $4.893069 | to | $4.893069 | $54,557 | 1.35% | to | 1.35% | 1.22% | to | 1.22% | 29.52 | % | to | 29.52% |
Hartford Dividend and Growth HLS Fund | |||||||||||||||
2023 | 55,308 | $5.515953 | to | $5.515953 | $305,074 | 1.35% | to | 1.35% | 1.61% | to | 1.61% | 12.65 | % | to | 12.65% |
2022 | 58,901 | $4.896743 | to | $4.896743 | $288,420 | 1.35% | to | 1.35% | 1.67% | to | 1.67% | (10.16) | % | to | (10.16)% |
2021 | 62,088 | $5.450303 | to | $5.450303 | $338,398 | 1.35% | to | 1.35% | 1.33% | to | 1.33% | 30.23 | % | to | 30.23% |
2020 | 62,665 | $4.185220 | to | $4.185220 | $262,269 | 1.35% | to | 1.35% | 5.12% | to | 5.12% | 6.32 | % | to | 6.32% |
2019 | 5,604 | $3.936292 | to | $3.936292 | $22,060 | 1.35% | to | 1.35% | 1.88% | to | 1.88% | 26.88 | % | to | 26.88% |
Hartford Disciplined Equity HLS Fund | |||||||||||||||
2023 | 20,656 | $99.310466 | to | $99.310466 | $2,051,367 | 1.35% | to | 1.35% | 0.81% | to | 0.81% | 19.62 | % | to | 19.62% |
2022 | 22,979 | $83.021418 | to | $83.021418 | $1,907,778 | 1.35% | to | 1.35% | 0.99% | to | 0.99% | (20.05) | % | to | (20.05)% |
2021 | 25,958 | $103.836497 | to | $103.836497 | $2,695,385 | 1.35% | to | 1.35% | 0.57% | to | 0.57% | 23.83 | % | to | 23.83% |
2020 | 28,672 | $83.850955 | to | $83.850955 | $2,404,151 | 1.35% | to | 1.35% | 0.74% | to | 0.74% | 16.46 | % | to | 16.46% |
2019 | 6,311 | $72.000752 | to | $72.000752 | $454,409 | 1.35% | to | 1.35% | 0.86% | to | 0.86% | 32.32 | % | to | 32.32% |
Hartford International Opportunities HLS Fund | |||||||||||||||
2023 | 36,087 | $3.714494 | to | $3.714494 | $134,043 | 1.35% | to | 1.35% | 1.15% | to | 1.15% | 10.22 | % | to | 10.22% |
2022 | 44,451 | $3.370141 | to | $3.370141 | $149,806 | 1.35% | to | 1.35% | 1.59% | to | 1.59% | (19.24) | % | to | (19.24)% |
2021 | 50,278 | $4.173262 | to | $4.173262 | $209,823 | 1.35% | to | 1.35% | 1.02% | to | 1.02% | 6.37 | % | to | 6.37% |
2020 | 50,937 | $3.923270 | to | $3.923270 | $199,837 | 1.35% | to | 1.35% | 1.90% | to | 1.90% | 18.83 | % | to | 18.83% |
2019 | 56,973 | $3.301472 | to | $3.301472 | $188,096 | 1.35% | to | 1.35% | 1.80% | to | 1.80% | 24.73 | % | to | 24.73% |
Hartford MidCap HLS Fund | |||||||||||||||
2023 | 13,540 | $11.001519 | to | $11.001519 | $148,956 | 1.35% | to | 1.35% | 0.04% | to | 0.04% | 13.33 | % | to | 13.33% |
2022 | 19,560 | $9.707149 | to | $9.707149 | $189,873 | 1.35% | to | 1.35% | 0.85% | to | 0.85% | (25.32) | % | to | (25.32)% |
2021 | 22,832 | $12.998116 | to | $12.998116 | $296,772 | 1.35% | to | 1.35% | -% | to | -% | 8.43 | % | to | 8.43% |
2020♦ | 24,808 | $11.987152 | to | $11.987152 | $297,373 | 1.35% | to | 1.35% | 0.05% | to | 0.05% | 19.87 | % | to | 19.87% |
Hartford Ultrashort Bond HLS Fund | |||||||||||||||
2023 | 37,140 | $1.713784 | to | $10.759440 | $67,598 | 0.45% | to | 1.35% | 1.31% | to | 1.31% | 3.77 | % | to | 4.71% |
2022 | 43,855 | $1.651456 | to | $10.275332 | $76,190 | 0.45% | to | 1.35% | 0.22% | to | 0.23% | (1.51) | % | to | (0.62)% |
2021 | 49,091 | $1.676797 | to | $10.339503 | $86,102 | 0.45% | to | 1.35% | 0.68% | to | 0.71% | (1.53) | % | to | (0.63)% |
2020 | 70,642 | $1.702765 | to | $10.405540 | $124,090 | 0.45% | to | 1.35% | 1.05% | to | 2.33% | 0.08 | % | to | 0.98% |
2019 | 13,089 | $1.701442 | to | $10.304269 | $33,274 | 0.45% | to | 1.35% | 1.88% | to | 1.93% | 1.43 | % | to | 2.35% |
Hartford SmallCap Growth HLS Fund | |||||||||||||||
2023 | 2,862 | $91.756045 | to | $91.756045 | $262,603 | 1.35% | to | 1.35% | -% | to | -% | 16.84 | % | to | 16.84% |
2022 | 2,921 | $78.532955 | to | $78.532955 | $229,365 | 1.35% | to | 1.35% | -% | to | -% | (29.42) | % | to | (29.42)% |
2021 | 2,963 | $111.266588 | to | $111.266588 | $329,718 | 1.35% | to | 1.35% | -% | to | -% | 2.62 | % | to | 2.62% |
2020 | 2,983 | $108.423065 | to | $108.423065 | $323,425 | 1.35% | to | 1.35% | -% | to | -% | 31.41 | % | to | 31.41% |
2019 | 3,200 | $82.506480 | to | $82.506480 | $264,043 | 1.35% | to | 1.35% | -% | to | -% | 33.99 | % | to | 33.99% |
Hartford Stock HLS Fund | |||||||||||||||
2023 | 762 | $5.137128 | to | $5.137128 | $3,916 | 1.35% | to | 1.35% | 1.36% | to | 1.36% | 6.27 | % | to | 6.27% |
2022 | 849 | $4.833898 | to | $4.833898 | $4,103 | 1.35% | to | 1.35% | 1.67% | to | 1.67% | (6.41) | % | to | (6.41)% |
2021 | 849 | $5.164974 | to | $5.164974 | $4,387 | 1.35% | to | 1.35% | 1.25% | to | 1.25% | 23.31 | % | to | 23.31% |
2020 | 900 | $4.188771 | to | $4.188771 | $3,770 | 1.35% | to | 1.35% | 1.72% | to | 1.72% | 10.57 | % | to | 10.57% |
2019 | 833 | $3.788203 | to | $3.788203 | $3,156 | 1.35% | to | 1.35% | -% | to | -% | 29.46 | % | to | 29.46% |
VY® JPMorgan Emerging Markets Equity Portfolio | |||||||||||||||
2023 | 179 | $24.455130 | to | $24.455130 | $4,374 | 0.45% | to | 0.45% | 1.95% | to | 1.95% | 6.33 | % | to | 6.33% |
2022 | 179 | $22.999309 | to | $22.999309 | $4,116 | 0.45% | to | 0.45% | -% | to | -% | (26.23) | % | to | (26.23)% |
2021 | 179 | $31.175356 | to | $31.175356 | $5,583 | 0.45% | to | 0.45% | -% | to | -% | (10.25) | % | to | (10.25)% |
2020 | 179 | $34.735217 | to | $34.735217 | $6,224 | 0.45% | to | 0.45% | 0.63% | to | 0.63% | 33.14 | % | to | 33.14% |
2019 | 209 | $26.089060 | to | $26.089060 | $5,461 | 0.45% | to | 0.45% | 0.06% | to | 0.06% | 31.52 | % | to | 31.52% |
Invesco V.I. Health Care Fund | |||||||||||||||
2023 | 1,454 | $72.870547 | to | $72.870547 | $105,982 | 0.45% | to | 0.45% | -% | to | -% | 2.56 | % | to | 2.56% |
2022 | 1,679 | $71.051928 | to | $71.051928 | $119,326 | 0.45% | to | 0.45% | -% | to | -% | (13.71) | % | to | (13.71)% |
2021 | 1,680 | $82.337161 | to | $82.337161 | $138,311 | 0.45% | to | 0.45% | 0.20% | to | 0.20% | 11.80 | % | to | 11.80% |
2020 | 2,104 | $73.649958 | to | $73.649958 | $154,986 | 0.45% | to | 0.45% | 0.32% | to | 0.32% | 13.95 | % | to | 13.95% |
2019 | 2,317 | $64.635894 | to | $64.635894 | $149,764 | 0.45% | to | 0.45% | 0.04% | to | 0.04% | 31.91 | % | to | 31.91% |
Invesco V.I. Technology Fund | |||||||||||||||
2023 | 669 | $60.062143 | to | $60.062143 | $40,176 | 0.45% | to | 0.45% | -% | to | -% | 46.28 | % | to | 46.28% |
2022 | 699 | $41.058822 | to | $41.058822 | $28,702 | 0.45% | to | 0.45% | -% | to | -% | (40.22) | % | to | (40.22)% |
2021 | 2,292 | $68.682722 | to | $68.682722 | $157,450 | 0.45% | to | 0.45% | -% | to | -% | 13.90 | % | to | 13.90% |
2020 | 2,568 | $60.302103 | to | $60.302103 | $154,884 | 0.45% | to | 0.45% | -% | to | -% | 45.46 | % | to | 45.46% |
2019 | 2,530 | $41.456355 | to | $41.456355 | $104,906 | 0.45% | to | 0.45% | -% | to | -% | 35.27 | % | to | 35.27% |
MFS® Growth Series | |||||||||||||||
2023 | 16 | $116.436204 | to | $116.436204 | $1,893 | 0.45% | to | 0.45% | -% | to | -% | 35.25 | % | to | 35.25% |
2022 | 16 | $86.087242 | to | $86.087242 | $1,404 | 0.45% | to | 0.45% | -% | to | -% | (31.94) | % | to | (31.94)% |
2021 | 16 | $126.491514 | to | $126.491514 | $2,068 | 0.45% | to | 0.45% | -% | to | -% | 22.98 | % | to | 22.98% |
2020♦ | 16 | $78.358131 | to | $78.358131 | $1,685 | 0.45% | to | 0.45% | -% | to | -% | 37.53 | % | to | 37.53% |
MFS® High Yield Portfolio | |||||||||||||||
2023 | 544 | $14.677683 | to | $14.677683 | $7,981 | 0.45% | to | 0.45% | 5.79% | to | 5.79% | 11.90 | % | to | 11.90% |
2022 | 544 | $13.116380 | to | $13.116380 | $7,132 | 0.45% | to | 0.45% | 5.60% | to | 5.60% | (10.92) | % | to | (10.92)% |
2021 | 544 | $14.723698 | to | $14.723698 | $8,006 | 0.45% | to | 0.45% | 4.95% | to | 4.95% | 3.02 | % | to | 3.02% |
2020 | 544 | $14.291768 | to | $14.291768 | $7,771 | 0.45% | to | 0.45% | 5.64% | to | 5.64% | 4.61 | % | to | 4.61% |
2019 | 544 | $13.661410 | to | $13.661410 | $7,428 | 0.45% | to | 0.45% | -% | to | -% | 14.29 | % | to | 14.29% |
MFS® Income Portfolio | |||||||||||||||
2023 | 858 | $12.823904 | to | $12.823904 | $11,002 | 0.45% | to | 0.45% | 3.69% | to | 3.69% | 7.11 | % | to | 7.11% |
2022 | 858 | $11.972731 | to | $11.972731 | $10,272 | 0.45% | to | 0.45% | 3.50% | to | 3.50% | (14.09) | % | to | (14.09)% |
2021 | 858 | $13.937160 | to | $13.937160 | $11,957 | 0.45% | to | 0.45% | 3.12% | to | 3.12% | 0.02 | % | to | 0.02% |
2020 | 858 | $13.934971 | to | $13.934971 | $11,957 | 0.45% | to | 0.45% | 3.77% | to | 3.77% | 8.86 | % | to | 8.86% |
2019 | 863 | $12.801009 | to | $12.801009 | $11,050 | 0.45% | to | 0.45% | 3.56% | to | 3.56% | 11.10 | % | to | 11.10% |
BlackRock S&P 500 Index V.I. Fund | |||||||||||||||
2023 | 40,423 | $17.174219 | to | $18.112734 | $699,140 | 0.45% | to | 1.35% | 0.87% | to | 1.26% | 24.53 | % | to | 25.65% |
2022 | 53,176 | $13.791326 | to | $14.414790 | $740,167 | 0.45% | to | 1.35% | 1.45% | to | 1.62% | (19.33) | % | to | (18.60)% |
2021 | 54,797 | $17.095462 | to | $17.707991 | $942,160 | 0.45% | to | 1.35% | 1.30% | to | 1.34% | 26.81 | % | to | 27.96% |
2020 | 62,228 | $13.480891 | to | $13.838901 | $842,023 | 0.45% | to | 1.35% | 1.80% | to | 1.84% | 16.66 | % | to | 17.71% |
2019 | 68,329 | $11.556184 | to | $11.756828 | $791,774 | 0.45% | to | 1.35% | 2.14% | to | 2.15% | 29.58 | % | to | 30.75% |
Neuberger Berman AMT Short Duration Bond Portfolio | |||||||||||||||
2023 | 823 | $17.028799 | to | $17.028799 | $14,017 | 0.45% | to | 0.45% | 4.59% | to | 4.59% | 5.43 | % | to | 5.43% |
2022 | 823 | $16.152487 | to | $16.152487 | $13,296 | 0.45% | to | 0.45% | 3.86% | to | 3.86% | (5.61) | % | to | (5.61)% |
2021 | 823 | $17.112817 | to | $17.112817 | $14,086 | 0.45% | to | 0.45% | 2.60% | to | 2.60% | 0.29 | % | to | 0.29% |
2020 | 823 | $17.063560 | to | $17.063560 | $14,046 | 0.45% | to | 0.45% | 2.37% | to | 2.37% | 2.99 | % | to | 2.99% |
2019 | 823 | $16.567646 | to | $16.567646 | $13,638 | 0.45% | to | 0.45% | 2.00% | to | 2.00% | 3.22 | % | to | 3.22% |
Pioneer Fund VCT Portfolio | |||||||||||||||
2023 | 724 | $52.203969 | to | $52.203969 | $37,818 | 0.45% | to | 0.45% | 0.85% | to | 0.85% | 28.35 | % | to | 28.35% |
2022 | 803 | $40.672871 | to | $40.672871 | $32,640 | 0.45% | to | 0.45% | 0.96% | to | 0.96% | (19.86) | % | to | (19.86)% |
2021 | 43 | $50.750212 | to | $50.750212 | $2,165 | 0.45% | to | 0.45% | 0.32% | to | 0.32% | 27.41 | % | to | 27.41% |
2020 | 43 | $39.832887 | to | $39.832887 | $1,708 | 0.45% | to | 0.45% | 0.76% | to | 0.76% | 23.72 | % | to | 23.72% |
2019 | 34 | $32.195578 | to | $32.195578 | $1,104 | 0.45% | to | 0.45% | 1.03% | to | 1.03% | 30.74 | % | to | 30.74% |
Pioneer Select Mid Cap Growth VCT Portfolio | |||||||||||||||
2023 | 765 | $72.929945 | to | $72.929945 | $55,818 | 0.45% | to | 0.45% | -% | to | -% | 18.24 | % | to | 18.24% |
2022 | 766 | $61.680917 | to | $61.680917 | $47,244 | 0.45% | to | 0.45% | -% | to | -% | (31.37) | % | to | (31.37)% |
2021 | 767 | $89.872357 | to | $89.872357 | $68,899 | 0.45% | to | 0.45% | -% | to | -% | 7.58 | % | to | 7.58% |
2020 | 767 | $83.536817 | to | $83.536817 | $64,080 | 0.45% | to | 0.45% | -% | to | -% | 38.55 | % | to | 38.55% |
2019 | 768 | $60.295075 | to | $60.295075 | $46,334 | 0.45% | to | 0.45% | -% | to | -% | 32.48 | % | to | 32.48% |
VanEck VIP Global Resources Fund | |||||||||||||||
2023 | 239 | $32.952528 | to | $32.952528 | $7,875 | 0.45% | to | 0.45% | 1.07% | to | 1.07% | (4.02) | % | to | (4.02)% |
2022 | 1,181 | $34.331651 | to | $34.331651 | $40,536 | 0.45% | to | 0.45% | 2.33% | to | 2.33% | 7.91 | % | to | 7.91% |
2021 | 240 | $31.815931 | to | $31.815931 | $7,634 | 0.45% | to | 0.45% | 0.44% | to | 0.44% | 18.38 | % | to | 18.38% |
2020 | 240 | $26.874978 | to | $26.874978 | $6,459 | 0.45% | to | 0.45% | 0.96% | to | 0.96% | 18.58 | % | to | 18.58% |
2019 | 256 | $22.664471 | to | $22.664471 | $5,807 | 0.45% | to | 0.45% | -% | to | -% | 11.37 | % | to | 11.37% |
Allspring VT Discovery SMID Cap Growth Fund+ | |||||||||||||||
2023 | 451 | $96.824038 | to | $96.824038 | $43,671 | 0.45% | to | 0.45% | -% | to | -% | 19.60 | % | to | 19.60% |
2022 | 451 | $80.955166 | to | $80.955166 | $36,522 | 0.45% | to | 0.45% | -% | to | -% | (38.13) | % | to | (38.13)% |
2021 | 451 | $130.842635 | to | $130.842635 | $59,042 | 0.45% | to | 0.45% | -% | to | -% | (5.47) | % | to | (5.47)% |
2020 | 451 | $138.409753 | to | $138.409753 | $62,474 | 0.45% | to | 0.45% | -% | to | -% | 61.92 | % | to | 61.92% |
2019 | 452 | $85.479931 | to | $85.479931 | $38,600 | 0.45% | to | 0.45% | -% | to | -% | 38.40 | % | to | 38.40% |
Voya Global High Dividend Low Volatility Portfolio | |||||||||||||||
2023 | 3,825 | $15.580049 | to | $15.580049 | $59,594 | 0.45% | to | 0.45% | 2.75% | to | 2.75% | 5.95 | % | to | 5.95% |
2022 | 4,506 | $14.705024 | to | $14.705024 | $66,262 | 0.45% | to | 0.45% | 2.50% | to | 2.50% | (5.54) | % | to | (5.54)% |
2021 | 4,507 | $15.567477 | to | $15.567477 | $70,165 | 0.45% | to | 0.45% | 2.19% | to | 2.19% | 20.02 | % | to | 20.02% |
2020 | 5,792 | $12.970350 | to | $12.970350 | $75,125 | 0.45% | to | 0.45% | 2.24% | to | 2.24% | (1.54) | % | to | (1.54)% |
2019 | 6,481 | $13.172670 | to | $13.172670 | $85,377 | 0.45% | to | 0.45% | -% | to | -% | 20.87 | % | to | 20.87% |
NVIT Emerging Markets Fund | |||||||||||||||
2023 | 673 | $10.955175 | to | $10.955175 | $7,371 | 0.45% | to | 0.45% | 1.44% | to | 1.44% | 3.34 | % | to | 3.34% |
2022 | 673 | $10.601428 | to | $10.601428 | $7,138 | 0.45% | to | 0.45% | 0.17% | to | 0.17% | (25.33) | % | to | (25.33)% |
2021 | 674 | $14.198105 | to | $14.198105 | $9,573 | 0.45% | to | 0.45% | 0.95% | to | 0.95% | (8.00) | % | to | (8.00)% |
2020 | 675 | $15.433324 | to | $15.433324 | $10,415 | 0.45% | to | 0.45% | 1.65% | to | 1.65% | 12.41 | % | to | 12.41% |
2019 | 676 | $13.728960 | to | $13.728960 | $9,273 | 0.45% | to | 0.45% | 2.17% | to | 2.17% | 22.03 | % | to | 22.03% |
Neuberger Berman AMT Sustainable Equity Portfolio | |||||||||||||||
2023 | 4,689 | $16.930718 | to | $16.930718 | $79,395 | 0.45% | to | 0.45% | 0.35% | to | 0.35% | 26.33 | % | to | 26.33% |
2022 | 4,930 | $13.402083 | to | $13.402083 | $66,076 | 0.45% | to | 0.45% | 0.54% | to | 0.54% | (18.82) | % | to | (18.82)% |
2021 | 2,586 | $16.508774 | to | $16.508774 | $42,685 | 0.45% | to | 0.45% | 0.38% | to | 0.38% | 22.92 | % | to | 22.92% |
2020 | 2,587 | $13.430218 | to | $13.430218 | $34,738 | 0.45% | to | 0.45% | 0.61% | to | 0.61% | 19.03 | % | to | 19.03% |
2019♦ | 2,665 | $11.283483 | to | $11.283483 | $30,070 | 0.45% | to | 0.45% | 0.41% | to | 0.41% | 12.83 | % | to | 12.83% |
December 31, | ||||
2023 | 2022 | |||
(in millions except per
share and share amounts)
|
||||
Assets | ||||
Investments: | ||||
Fixed maturity securities available for sale, at fair value (amortized cost - $10.0 in 2023 and $10.2 in 2022)
|
$ | 9.3 | $ | 9.2 |
Short-term investments | 1.6 | 1.6 | ||
Total investments | 10.9 | 10.8 | ||
Cash and cash equivalents | 0.7 | 0.4 | ||
Reinsurance recoverables (net of allowances for credit losses of $0.3 and $0.5 at December 31, 2023 and 2022, respectively)
|
437.3 | 452.7 | ||
Other assets | 2.6 | 2.7 | ||
Assets held in separate accounts | 10.2 | 10.1 | ||
Total assets | $ | 461.7 | $ | 476.7 |
Liabilities | ||||
Future policy benefits and expenses | $ | 420.9 | $ | 434.9 |
Unearned premiums | 1.9 | 2.0 | ||
Claims and benefits payable | 15.7 | 17.1 | ||
Deferred gain on disposal of businesses | 0.4 | 0.6 | ||
Accounts payable and other liabilities | 0.5 | 0.2 | ||
Liabilities related to separate accounts | 10.2 | 10.1 | ||
Total liabilities | 449.6 | 464.9 | ||
Commitments and contingencies (Note 13) | ||||
Stockholder's equity | ||||
Common stock, par value $20 per share, 100,000 shares authorized, issued, and outstanding
|
2.0 | 2.0 | ||
Additional paid-in capital | 10.7 | 10.7 | ||
Retained earnings (deficit) | - | (0.2) | ||
Accumulated other comprehensive income | (0.6) | (0.7) | ||
Total stockholder's equity | 12.1 | 11.8 | ||
Total liabilities and stockholder's equity | $ | 461.7 | $ | 476.7 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
(in millions) | ||||||
Revenues | ||||||
Net earned premiums | $ | 0.2 | $ | 0.3 | $ | 0.5 |
Net investment income | 0.4 | 1.3 | 1.3 | |||
Net realized (losses) gains on investments | - | (1.1) | 0.2 | |||
Amortization of deferred gains on disposal of businesses | 0.2 | 0.2 | 0.2 | |||
Total revenues | 0.8 | 0.7 | 2.2 | |||
Benefits, losses and expenses | ||||||
Policyholder benefits | 0.1 | 0.5 | 0.2 | |||
Underwriting, general and administrative expenses | 0.5 | 1.0 | 0.5 | |||
Total benefits, losses and expenses | 0.6 | 1.5 | 0.7 | |||
Income (loss) before (benefit) provision for income taxes | 0.2 | (0.8) | 1.5 | |||
(Benefit) provision for income taxes | - | (0.2) | 0.3 | |||
Net income (loss) | $ | 0.2 | $ | (0.6) | $ | 1.2 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
(in millions) | ||||||
Net income (loss) | $ | 0.2 | $ | (0.6) | $ | 1.2 |
Other comprehensive income (loss): | ||||||
Change in unrealized gains on securities, net of taxes
of $0.0 million, $0.8 million, and $0.3 million, respectively |
0.1 | (2.9) | (1.2) | |||
Total other comprehensive income (loss) | 0.1 | (2.9) | (1.2) | |||
Total comprehensive income (loss) | $ | 0.3 | $ | (3.5) | $ | - |
Common Stock |
Additional Paid-in Capital |
Retained Earnings (Deficit) |
Accumulated Other Comprehensive Income |
Total | ||||||
(in millions) | ||||||||||
Balance, January 1, 2021 | $ | 2.0 | $ | 39.6 | $ | 1.5 | $ | 3.4 | $ | 46.5 |
Net income | - | - | 1.2 | - | 1.2 | |||||
Dividends to Parent | - | - | (1.2) | - | (1.2) | |||||
Other comprehensive loss | - | - | - | (1.2) | (1.2) | |||||
Balance, December 31, 2021 | $ | 2.0 | $ | 39.6 | $ | 1.5 | $ | 2.2 | $ | 45.3 |
Net loss | - | - | (0.6) | - | (0.6) | |||||
Dividends to Parent (1) | - | (28.9) | (1.1) | - | (30.0) | |||||
Other comprehensive loss | - | - | - | (2.9) | (2.9) | |||||
Balance, December 31, 2022 | $ | 2.0 | $ | 10.7 | $ | (0.2) | $ | (0.7) | $ | 11.8 |
Net income | - | - | 0.2 | - | 0.2 | |||||
Other comprehensive income | - | - | - | 0.1 | 0.1 | |||||
Balance, December 31, 2023 | $ | 2.0 | $ | 10.7 | $ | - | $ | (0.6) | $ | 12.1 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
(in millions) | ||||||
Operating activities | ||||||
Net income (loss) | $ | 0.2 | $ | (0.6) | $ | 1.2 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Noncash revenues, expenses, gains and losses included in income: | ||||||
Amortization of deferred gains on disposal of businesses | (0.2) | (0.2) | (0.2) | |||
Depreciation and amortization | - | 0.1 | 0.1 | |||
Deferred tax expense | 0.2 | (0.5) | - | |||
Net realized losses (gains) on investments | - | 1.1 | (0.2) | |||
Changes in operating assets and liabilities: | ||||||
Reinsurance recoverable | - | 0.1 | 0.5 | |||
Insurance policy reserves and expenses | (0.1) | 0.4 | (0.6) | |||
Other assets and other liabilities | 0.2 | 0.2 | (0.2) | |||
Taxes payable | (0.3) | - | 0.1 | |||
Other | 0.2 | 0.1 | 0.1 | |||
Net cash provided by operating activities | 0.2 | 0.7 | 0.8 | |||
Investing activities | ||||||
Sales of: | ||||||
Fixed maturity securities available for sale | - | 1.0 | 9.1 | |||
Maturities, prepayments, and scheduled redemption of: | ||||||
Fixed maturity securities available for sale | 0.6 | 5.6 | 12.7 | |||
Purchases of: | ||||||
Fixed maturity securities available for sale | (0.5) | (16.2) | (13.4) | |||
Change in short-term investments | - | 10.4 | (7.9) | |||
Net cash provided by investing activities | 0.1 | 0.8 | 0.5 | |||
Financing activities | ||||||
Cash dividends paid (1) | - | (1.7) | (1.2) | |||
Net cash used in financing activities | - | (1.7) | (1.2) | |||
Change in cash and cash equivalents | 0.3 | (0.2) | 0.1 | |||
Cash and cash equivalents at beginning of period | 0.4 | 0.6 | 0.5 | |||
Cash and cash equivalents at end of period | $ | 0.7 | $ | 0.4 | $ | 0.6 |
Supplemental information: | ||||||
Income taxes paid | $ | 0.1 | $ | 0.3 | $ | 0.2 |
December 31, 2023 | December 31, 2022 | |||||||||||||||
Claims and Benefits
Payable
|
Claims and Benefits
Payable
|
|||||||||||||||
Future Policy Benefits and Expenses |
Unearned Premiums |
Case Reserves |
Incurred But Not Reported Reserves |
Future Policy Benefits and Expenses |
Unearned Premiums |
Case Reserves |
Incurred But Not Reported Reserves |
|||||||||
Long Duration Contracts: | ||||||||||||||||
Universal life and other products no longer offered | $ | - | $ | - | $ | 0.4 | $ | - | $ | - | $ | - | $ | 0.4 | $ | - |
Disposed and run-off businesses | 420.9 | 1.9 | - | - | 434.9 | 2.0 | - | - | ||||||||
Short Duration Contracts: | ||||||||||||||||
Disposed and run-off businesses | - | - | 15.1 | 0.2 | - | - | 16.5 | 0.2 | ||||||||
Total | $ | 420.9 | $ | 1.9 | $ | 15.5 | $ | 0.2 | $ | 434.9 | $ | 2.0 | $ | 16.9 | $ | 0.2 |
Standard | Summary of the Standard | Effective date Method of Adoption | Impact of the Standard on the Company's Financial Statements |
ASU 2018-12, Financial Services-Insurance (Topic 944): Targeted Improvements to the Accounting for Long- Duration Contracts, as amended by ASU 2019-09, Financial Services-Insurance (Topic 944): Effective Date, as amended by ASU 2020-11, Financial Services-Insurance (Topic 944): Effective Date and Early Application and as amended by ASU 2022-05, Financial services- Insurance (Topic 944): Transition for Sold Contracts |
The guidance includes the following primary changes: assumptions supporting liabilities for future policy benefits and expenses will no longer be locked-in but must be updated at least annually with the impact of changes to the liability reflected in earnings (except for discount rates); the discount rate assumptions will be based on upper-medium grade (low credit risk) fixed-income instrument yield instead of the earnings rate of invested assets; the discount rate must be evaluated at each reporting date and the impact of changes to the liability estimate as a result of updating the discount rate assumption is required to be recognized in other comprehensive income; the provision for adverse deviation is eliminated; and premium deficiency testing is eliminated. Other noteworthy changes include the following: differing models for amortizing deferred acquisition costs will become uniform for all long-duration contracts based on a constant rate over the expected term of the related in-force contracts; all market risk benefits associated with deposit contracts must be reported at fair value with changes reflected in income except for changes related to credit risk which will be recognized in other comprehensive income: and disclosures will be expanded to include disaggregated roll forwards of the liability for future policy benefits, policyholder account balances, market risk benefits, separate account liabilities, and deferred acquisition costs, as well as information about significant inputs, judgments, assumptions and methods used in measurement. In December 2022, the FASB issued guidance to provide entities an accounting policy election to not apply the accounting guidance to contracts or legal entities sold and derecognized before the effective date when the entity has no significant continuing involvement with them. The election may be applied on a transaction-by-transaction basis. |
January 1, 2023, to be applied retrospectively or modified retrospectively to January 1, 2021 (with early adoption permitted) |
The Company adopted this standard as of January 1, 2023 using the modified retrospective method on liabilities for future policy benefits and expenses to January 1, 2021 for long-term care insurance contracts that have been fully reinsured. The adoption of this standard along with the amended guidance on transition has no impact on equity or net income on the long-term care contracts as they are fully reinsured with third party reinsurers. However, disclosure along with a rollforward table on a gross basis on the long-term care business is presented in Note 10. |
Standard | Summary of the Standard | Effective date Method of Adoption | Impact of the Standard on the Company's Financial Statements |
ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures |
The guidance improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. It also includes certain other amendments to improve the effectiveness of income tax disclosures. |
January 1, 2025 (with early adoption permitted for annual financial statements that have not yet been issued or made available for issuance). |
The Company is assessing when the standard will be adopted. The amended guidance has no impact to the Company's consolidated financial statements and will have an insignificant impact on the Company's income taxes disclosures. |
Total | ||
Balance, December 31, 2021 | $ | 0.3 |
Current period change for credit losses | 0.2 | |
Balance, December 31, 2022 | 0.5 | |
Current period change for credit losses | $ | (0.2) |
Balance, December 31, 2023 | $ | 0.3 |
December 31, 2023 | ||||||||
Cost or Amortized Cost |
Gross Unrealized Gains |
Gross Unrealized Losses |
Fair Value | |||||
Fixed maturity securities: | ||||||||
U.S. government and government agencies and authorities | $ | 1.9 | $ | - | $ | (0.1) | $ | 1.8 |
States, municipalities and political subdivisions | 0.5 | - | - | 0.5 | ||||
Foreign governments | 0.2 | - | - | 0.2 | ||||
Asset backed securities | 0.1 | - | - | 0.1 | ||||
Residential mortgage-backed | 4.8 | - | (0.7) | 4.1 | ||||
U.S. corporate | 2.1 | 0.1 | - | 2.2 | ||||
Foreign corporate | 0.4 | - | - | 0.4 | ||||
Total fixed maturity securities | $ | 10.0 | $ | 0.1 | $ | (0.8) | $ | 9.3 |
December 31, 2022 | ||||||||
Cost or Amortized Cost |
Gross Unrealized Gains |
Gross Unrealized Losses |
Fair Value | |||||
Fixed maturity securities: | ||||||||
U.S. government and government agencies and authorities | $ | 1.9 | $ | - | $ | (0.2) | $ | 1.7 |
States, municipalities and political subdivisions | 0.5 | - | - | 0.5 | ||||
Foreign governments | 0.3 | - | - | 0.3 | ||||
Residential mortgage-backed | 5.3 | - | (0.8) | 4.5 | ||||
U.S. corporate | 1.9 | - | - | 1.9 | ||||
Foreign corporate | 0.3 | - | - | 0.3 | ||||
Total fixed maturity securities | $ | 10.2 | $ | - | $ | (1.0) | $ | 9.2 |
December 31, 2023 | ||||
Cost or Amortized Cost |
Fair Value |
|||
Due in one year or less | $ | 2.0 | $ | 2.0 |
Due after one year through five years | 1.8 | 1.7 | ||
Due after five years through ten years | 1.3 | 1.4 | ||
Due after ten years | - | - | ||
Total | 5.1 | 5.1 | ||
Asset backed securities | 0.1 | 0.1 | ||
Residential mortgage-backed | 4.8 | 4.1 | ||
Total | $ | 10.0 | $ | 9.3 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Fixed maturity securities | $ | 0.3 | $ | 1.3 | $ | 1.4 |
Short term investments | 0.1 | - | - | |||
Total investment income | 0.4 | 1.3 | 1.4 | |||
Investment expenses | - | - | (0.1) | |||
Net investment income | $ | 0.4 | $ | 1.3 | $ | 1.3 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Proceeds from sales | $ | - | $ | 29.4 | $ | 9.1 |
Gross realized gains | - | 0.7 | 0.2 | |||
Gross realized losses | - | (1.8) | - | |||
Net realized gains (losses) from sales of fixed maturity securities | $ | - | $ | (1.1) | $ | 0.2 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Net realized gains (losses) related to sales: | ||||||
Net realized gains (losses) from sales of fixed maturity securities | $ | - | $ | (1.1) | $ | 0.2 |
December 31, 2023 | ||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||
Financial Assets | ||||||||||
Fixed maturity securities: | ||||||||||
U.S. government and government agencies and authorities | $ | 1.8 | $ | - | $ | 1.8 | $ | - | ||
States, municipalities and political subdivisions | 0.5 | - | 0.5 | - | ||||||
Foreign governments | 0.2 | - | 0.2 | - | ||||||
Asset-backed | 0.1 | - | 0.1 | - | ||||||
Residential mortgage-backed | 4.1 | - | 4.1 | - | ||||||
U.S. corporate | 2.2 | - | 2.2 | - | ||||||
Foreign corporate | 0.4 | - | 0.4 | - | ||||||
Short-term investments | 1.6 | 1.6 | (1) | - | - | |||||
Cash equivalents | 0.7 | 0.7 | (1) | - | - | |||||
Assets held in separate accounts | 10.2 | 6.0 | (2) | 4.2 | (3) | - | ||||
Total financial assets | $ | 21.8 | $ | 8.3 | $ | 13.5 | $ | - | ||
Financial Liabilities | ||||||||||
Liabilities related to separate accounts | $ | 10.2 | $ | 6.0 | (2) | $ | 4.2 | (3) | $ | - |
December 31, 2022 | ||||||||||
Total | Level 1 | Level 2 | Level 3 | |||||||
Financial Assets | ||||||||||
Fixed maturity securities: | ||||||||||
U.S. government and government agencies and authorities |
$ | 1.8 | $ | - | $ | 1.8 | $ | - | ||
States, municipalities and political subdivisions | 0.5 | - | 0.5 | - | ||||||
Foreign governments | 0.2 | - | 0.2 | - | ||||||
Residential mortgage-backed | 4.5 | - | 4.5 | - | ||||||
U.S. corporate | 1.9 | - | 1.9 | - | ||||||
Foreign corporate | 0.3 | - | 0.3 | - | ||||||
Short-term investments | 1.6 | 1.6 | (1) | - | - | |||||
Cash equivalents | 0.1 | 0.1 | (1) | - | - | |||||
Assets held in separate accounts | 10.1 | 4.8 | (2) | 5.3 | (3) | - | ||||
Total financial assets | $ | 21.0 | $ | 6.5 | $ | 14.5 | $ | - | ||
Financial Liabilities | ||||||||||
Liabilities related to separate accounts | $ | 10.1 | $ | 4.8 | (2) | $ | 5.3 | (3) | $ | - |
December 31, 2023 | ||||||||||
Fair Value | ||||||||||
Carrying Value |
Total | Level 1 | Level 2 | Level 3 | ||||||
Financial Liabilities | ||||||||||
Policy reserves under investment products (Individual and group annuities, subject to discretionary withdrawal) (1) |
$ | 4.8 | $ | 5.3 | $ | - | $ | - | $ | 5.3 |
December 31, 2022 | ||||||||||
Fair Value | ||||||||||
Carrying Value |
Total | Level 1 | Level 2 | Level 3 | ||||||
Financial Liabilities | ||||||||||
Policy reserves under investment products
(Individual and group annuities, subject to
discretionary withdrawal) (1)
|
$ | 4.9 | $ | 5.1 | $ | - | $ | - | $ | 5.1 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Current expense | $ | (0.2) | $ | 0.3 | $ | 0.3 |
Deferred expense (benefit) | 0.2 | (0.5) | - | |||
Total income tax expense | $ | - | $ | (0.2) | $ | 0.3 |
December 31, | ||||||
2023 | 2022 | 2021 | ||||
Federal income tax rate: | 21.0 | % | 21.0 | % | 21.0 | % |
Reconciling items: | ||||||
Tax exempt interest | (2.5) | 0.6 | (1.3) | |||
Dividend received deduction | (2.1) | 0.5 | (0.3) | |||
Other | (0.8) | (0.3) | - | |||
Effective income tax rate: | 15.6 | % | 21.8 | % | 19.4 | % |
December 31, | ||||
2023 | 2022 | |||
Deferred tax assets | ||||
Deferred acquisition costs | $ | 1.6 | $ | 1.6 |
Deferred gain on disposal of business | 0.1 | 0.1 | ||
Investments, net | 0.2 | 0.3 | ||
Net unrealized appreciation on securities | 0.2 | 0.2 | ||
Other | 0.2 | 0.3 | ||
Total deferred tax assets | 2.3 | 2.5 | ||
Deferred tax liabilities | ||||
Net unrealized appreciation on securities | - | - | ||
Total deferred tax liabilities | - | - | ||
Net deferred income tax assets | $ | 2.3 | $ | 2.5 |
Net Income | Stockholder's Equity | |||||||||
2023 | 2022 | 2021 | 2023 | 2022 | ||||||
Based on SAP | $ | (1.0) | $ | (0.1) | $ | 1.1 | $ | 10.8 | $ | 11.8 |
Policy and claim reserves | 1.1 | - | - | 1.1 | - | |||||
Investment valuation difference | - | - | (0.1) | (0.7) | (1.0) | |||||
Current income taxes | (0.2) | - | - | (0.2) | - | |||||
Deferred taxes | (0.2) | 0.5 | - | 0.3 | 0.4 | |||||
Deferred gain on disposal of businesses and gains on disposal of businesses | - | - | 0.1 | (0.4) | (0.6) | |||||
Other differences | 0.5 | (1.0) | 0.1 | 1.2 | 1.2 | |||||
Based on GAAP | $ | 0.2 | $ | (0.6) | $ | 1.2 | $ | 12.1 | $ | 11.8 |
2023 | 2022 | |||
Ceded future policyholder benefits and expense | $ | 335.0 | $ | 348.6 |
Ceded unearned premium | 1.9 | 2.0 | ||
Ceded claims and benefits payable | 100.6 | 101.8 | ||
Ceded paid losses | (0.2) | 0.3 | ||
Total | $ | 437.3 | $ | 452.7 |
A.M. Best ratings of reinsurer |
Ceded future policyholder benefits and expense |
Ceded unearned premiums |
Ceded claims and benefits payable |
Ceded paid losses |
Total | |||||
A++ or A+ | $ | 330.1 | $ | 1.9 | $ | 100.6 | $ | 0.1 | $ | 432.7 |
B++ or B+ | 4.9 | - | - | - | 4.9 | |||||
Total | 335.0 | 1.9 | 100.6 | 0.1 | 437.6 | |||||
Less: Allowance | - | - | - | (0.3) | (0.3) | |||||
Total Reinsurance recoverable | $ | 335.0 | $ | 1.9 | $ | 100.6 | $ | (0.2) | $ | 437.3 |
Years Ended December 31, | ||||
Reinsurer | 2023 | 2022 | ||
John Hancock | $ | 416.1 | $ | 430.0 |
Sun Life | 16.1 | 17.4 | ||
Talcott Resolution | 4.7 | 4.9 | ||
Other reinsurers | 0.4 | 0.4 | ||
Total | $ | 437.3 | $ | 452.7 |
Years Ended December 31, | ||||||||||||||||||
2023 | 2022 | 2021 | ||||||||||||||||
Long Duration |
Short Duration |
Total |
Long Duration |
Short Duration |
Total |
Long Duration |
Short Duration |
Total | ||||||||||
Direct earned premiums | $ | 6.5 | $ | 0.3 | $ | 6.8 | $ | 7.0 | $ | 0.4 | $ | 7.4 | $ | 8.1 | $ | 0.6 | $ | 8.7 |
Premiums ceded | (6.5) | (0.1) | (6.6) | (7.0) | (0.1) | (7.1) | (8.1) | (0.1) | (8.2) | |||||||||
Net earned premiums | $ | - | $ | 0.2 | $ | 0.2 | $ | - | $ | 0.3 | $ | 0.3 | $ | - | $ | 0.5 | $ | 0.5 |
Direct policyholder benefits | $ | 31.4 | $ | 1.3 | $ | 32.7 | $ | 30.3 | $ | 1.4 | $ | 31.7 | $ | 31.9 | $ | 0.5 | $ | 32.4 |
Policyholder benefits ceded | (31.4) | (1.2) | (32.6) | (30.3) | (0.9) | (31.2) | (31.9) | (0.3) | (32.2) | |||||||||
Net policyholder benefits | $ | - | $ | 0.1 | $ | 0.1 | $ | - | $ | 0.5 | $ | 0.5 | $ | - | $ | 0.2 | $ | 0.2 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Present value of expected net premiums | ||||||
Balance, beginning of period | $ | 34.2 | $ | 37.1 | $ | 44.4 |
Beginning balance at original discount rate | 33.4 | 29.2 | 33.7 | |||
Effect of changes in cash flow assumptions (1) | 1.5 | 9.4 | (3.2) | |||
Effect of actual variances from expected experience | 3.5 | (2.7) | (2.4) | |||
Adjusted beginning of period balance | 38.4 | 35.9 | 28.1 | |||
Experience variance (2) | - | (0.3) | 2.4 | |||
Interest accrual | 2.8 | 4.6 | 6.0 | |||
Net premiums collected | (4.7) | (6.8) | (7.3) | |||
Ending balance at original discount rate | 36.5 | 33.4 | 29.2 | |||
Effect of changes in discount rate assumptions | (0.1) | 0.8 | 7.9 | |||
Balance, end of period | $ | 36.4 | $ | 34.2 | $ | 37.1 |
Present value of expected future policy benefits | ||||||
Balance, beginning of period | $ | 462.4 | $ | 658.5 | $ | 683.2 |
Beginning balance at original discount rate | 444.4 | 430.0 | 421.7 | |||
Effect of changes in cash flow assumptions (1) | - | 12.3 | (1.2) | |||
Effect of actual variances from expected experience | 4.4 | (3.3) | (2.7) | |||
Adjusted beginning of period balance | 448.8 | 439.0 | 417.8 | |||
Experience variance (2) | 1.0 | (1.2) | (0.4) | |||
Interest accrual | 19.5 | 24.7 | 29.3 | |||
Benefit payments | (16.3) | (18.1) | (16.7) | |||
Ending balance at original discount rate | 453.0 | 444.4 | 430.0 | |||
Effect of changes in discount rate assumptions | (2.4) | 18.0 | 228.5 | |||
Balance, end of period | $ | 450.6 | $ | 462.4 | $ | 658.5 |
Net future policy benefits and expenses | $ | 414.2 | $ | 428.2 | $ | 621.4 |
Related reinsurance recoverable | 414.2 | 428.2 | 621.4 | |||
Net future policy benefits and expenses, after reinsurance recoverable | $ | - | $ | - | $ | - |
Weighted-average liability duration of the future policy benefits and expenses (in years) | 12.0 | 12.7 | 13.0 |
December 31, 2023 | December 31, 2022 | |||
Long-term care | $ | 414.2 | $ | 428.2 |
Other | 6.7 | 6.7 | ||
Total | $ | 420.9 | $ | 434.9 |
December 31, 2023 | December 31, 2022 | |||
Expected future benefits payments | $ | 829.3 | $ | 850.0 |
Expected future gross premiums | $ | 69.4 | $ | 76.2 |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Gross premiums | $ | 1.5 | $ | 1.7 | $ | 1.9 |
Interest expense (original discount rate) | $ | 5.6 | $ | 4.7 | $ | 5.1 |
December 31, 2023 | December 31, 2022 | |||
Interest expense (original discount rate) | 5.95 | % | 5.95 | % |
Current discount rate | 6.01 | % | 5.52 | % |
Future Policy Benefits and Expenses, pre-adoption December 31, 2020 | $ | 386.4 |
Effect of the remeasurement of the liability at current discount rate | 250.8 | |
Adjustment for loss contracts with NPR in excess of 100% under the modified retrospective approach | 1.6 | |
Adjusted balance, beginning of January 1, 2021 | 638.8 | |
Less: reinsurance recoverable | (638.8) | |
Future Policy Benefits and Expenses, beginning of year January 1, 2021, net of reinsurance | $ | - |
January 1, 2021 | |||
Retained Earnings | Accumulated Other Comprehensive Loss | ||
$ | (1.6) | $ | (250.8) |
Years Ended December 31, | ||||||
2023 | 2022 | 2021 | ||||
Claims and benefits payable, at beginning of year | $ | 17.1 | $ | 19.1 | $ | 22.5 |
Less: Reinsurance ceded and other | (17.0) | (19.0) | (22.4) | |||
Net claims and benefits payable, at beginning of year | 0.1 | 0.1 | 0.1 | |||
Incurred losses and loss adjustment expenses related to: | ||||||
Current Year | 0.9 | 0.1 | 0.3 | |||
Prior years | (0.8) | - | - | |||
Total incurred losses and loss adjustment expenses | 0.1 | 0.1 | 0.3 | |||
Paid losses and loss adjustment expenses related to: | ||||||
Current year | 0.1 | 0.1 | 0.2 | |||
Prior years | - | - | 0.1 | |||
Total paid losses and loss adjustment expenses | 0.1 | 0.1 | 0.3 | |||
Net claims and benefits payable, at end of year | 0.1 | 0.1 | 0.1 | |||
Plus: Reinsurance ceded and other | 15.6 | 17.0 | 19.0 | |||
Claims and benefits payable, at end of year | $ | 15.7 | $ | 17.1 | $ | 19.1 |
Year Ended December 31, 2023 | ||
Accumulated other comprehensive income (1) |
||
Balance at December 31, 2022 | $ | (0.7) |
Change in accumulated other comprehensive income (loss) before reclassifications | 0.1 | |
Amounts reclassified from accumulated other comprehensive income (loss) | - | |
Net current-period other comprehensive income (loss) | 0.1 | |
Balance at December 31, 2023 | $ | (0.6) |
Year Ended December 31, 2022 | ||
Accumulated other comprehensive income (1) |
||
Balance at December 31, 2021 | $ | 2.2 |
Change in accumulated other comprehensive income (loss) before reclassifications | (3.8) | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0.9 | |
Net current-period other comprehensive income (loss) | (2.9) | |
Balance at December 31, 2022 | $ | (0.7) |
Year Ended December 31, 2021 | ||
Accumulated other comprehensive income (1) |
||
Balance at December 31, 2020 | $ | 3.4 |
Change in accumulated other comprehensive income (loss) before reclassifications | $ | (1.1) |
Amounts reclassified from accumulated other comprehensive income (loss) | $ | (0.1) |
Net current-period other comprehensive income (loss) | $ | (1.2) |
Balance at December 31, 2021 | $ | 2.2 |
Details about AOCI components | Amount reclassified from AOCI |
Affected line item in the statement where net income is presented |
|||||
Years Ended December 31, | |||||||
2023 | 2022 | 2021 | |||||
Net unrealized gains (losses) on securities | $ | - | $ | 1.1 | $ | (0.1) | Net realized gains (losses) on investments |
Tax effect | - | (0.2) | - | Provision for income taxes | |||
Total reclassifications for the period | $ | - | $ | 0.9 | $ | (0.1) | Net of tax |
Cost or Amortized Cost |
Fair Value |
Amount at which shown in balance sheet |
||||
(in millions) | ||||||
Fixed maturity securities: | ||||||
U.S. government and government agencies and authorities | $ | 1.9 | $ | 1.8 | $ | 1.8 |
States, municipalities and political subdivisions | 0.5 | 0.5 | 0.5 | |||
Foreign governments | 0.2 | 0.2 | 0.2 | |||
Asset backed securities | 0.1 | 0.1 | 0.1 | |||
Residential mortgage-backed | 4.8 | 4.1 | 4.1 | |||
U.S. corporate | 2.1 | 2.2 | 2.2 | |||
Foreign corporate | 0.4 | 0.4 | 0.4 | |||
Total fixed maturity securities | 10.0 | 9.3 | 9.3 | |||
Short-term investments | 1.6 | 1.6 | 1.6 | |||
Total investments | $ | 11.6 | $ | 10.9 | $ | 10.9 |
Future policy benefits and expenses |
Unearned premiums |
Claims and benefits payable |
Premium revenues |
Net investment income |
Benefits claims, losses and settlement expenses |
Other operating expenses* |
||||||||
(in millions) | ||||||||||||||
2023 | $ | 420.9 | $ | 1.9 | $ | 15.7 | $ | 0.2 | $ | 0.4 | $ | 0.1 | $ | 0.5 |
2022 | $ | 434.9 | $ | 2.0 | $ | 17.1 | $ | 0.3 | $ | 1.3 | $ | 0.5 | $ | 1.0 |
2021 | $ | 628.3 | $ | 2.2 | $ | 19.2 | $ | 0.5 | $ | 1.3 | $ | 0.2 | $ | 0.5 |
Direct amount |
Ceded to other companies |
Assumed from other companies |
Net amount |
Percentage of amount assumed to net |
||||||
(in millions) | ||||||||||
Year Ended December 31, 2023 | ||||||||||
Life Insurance in Force | $ | 14.9 | $ | 12.4 | $ | - | $ | 2.5 | - | % |
Premiums: | ||||||||||
Life insurance | $ | 0.1 | $ | 0.1 | $ | - | $ | - | - | % |
Accident and health insurance | 6.7 | 6.5 | - | 0.2 | - | % | ||||
Total earned premiums | $ | 6.8 | $ | 6.6 | $ | - | $ | 0.2 | - | % |
Benefits: | ||||||||||
Life insurance | $ | 0.7 | $ | 0.7 | $ | - | $ | - | - | % |
Accident and health insurance | 32.0 | 31.9 | - | 0.1 | - | % | ||||
Total policyholder benefits | $ | 32.7 | $ | 32.6 | $ | - | $ | 0.1 | - | % |
Year Ended December 31, 2022 | ||||||||||
Life Insurance in Force | $ | 16.7 | $ | 13.7 | $ | - | $ | 3.0 | - | % |
Premiums: | ||||||||||
Life insurance | $ | 0.2 | $ | 0.2 | $ | - | $ | - | - | % |
Accident and health insurance | 7.2 | 6.9 | - | 0.3 | - | % | ||||
Total earned premiums | $ | 7.4 | $ | 7.1 | $ | - | $ | 0.3 | - | % |
Benefits: | ||||||||||
Life insurance | $ | 0.5 | $ | 0.5 | $ | - | $ | - | - | % |
Accident and health insurance | 31.2 | 30.7 | - | 0.5 | - | % | ||||
Total policyholder benefits | $ | 31.7 | $ | 31.2 | $ | - | $ | 0.5 | - | % |
Year Ended December 31, 2021 | ||||||||||
Life Insurance in Force | $ | 29.5 | $ | 15.8 | $ | - | $ | 13.7 | - | % |
Premiums: | ||||||||||
Life insurance | $ | 0.8 | $ | 0.7 | $ | - | $ | 0.1 | - | % |
Accident and health insurance | 7.9 | 7.5 | - | 0.4 | - | % | ||||
Total earned premiums | $ | 8.7 | $ | 8.2 | $ | - | $ | 0.5 | - | % |
Benefits: | ||||||||||
Life insurance | $ | 1.4 | $ | 1.3 | $ | - | $ | 0.1 | - | % |
Accident and health insurance | 31.0 | 30.9 | - | 0.1 | - | % | ||||
Total policyholder benefits | $ | 32.4 | $ | 32.2 | $ | - | $ | 0.2 | - | % |