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Delaware Life Variable Account F – ‘N-VPFS’ for 12/31/23

On: Wednesday, 4/24/24, at 11:02am ET · Effective: 4/24/24 · For: 12/31/23 · Accession #: 1193125-24-109080 · File #: 811-05846

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/24/24  Delaware Life Variable Account F  N-VPFS     12/31/23    1:12M                                    Donnelley … Solutions/FA
          → Delaware Life Variable Account F ⇒ 20 Classes/Contracts — 2 more Classes/Contracts

Financial Statements of a Variable Annuity/Life Contract — Form N-VPFS — ICA’40

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-VPFS      Delaware Life Variable Account F                    HTML  12.75M

Document Table of Contents

Page	(sequential)	(alphabetic)	↑Top
		Alternative Formats (Word, et al.) Notes to the Financial Statements Notes to the Statutory Financial Statements Report of Independent Registered Public Accounting Firm Statement of Assets and Liabilities Statements of Changes in Net Assets Statements of Operations Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus Statutory Statements of Cash Flow Statutory Statements of Changes in Capital and Surplus Statutory Statements of Operations Table of Contents
1	1st Page – Filing Submission
"	Report of Independent Registered Public Accounting Firm
"	Statement of Assets and Liabilities
"	Statements of Operations
"	Statements of Changes in Net Assets
"	Notes to the Financial Statements
"	Table of Contents
"	Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus
"	Statutory Statements of Operations
"	Statutory Statements of Changes in Capital and Surplus
"	Statutory Statements of Cash Flow
"	Notes to the Statutory Financial Statements

This is an HTML Document rendered as filed. [ Alternative Formats ]

Delaware Life Variable Account F

Delaware Life Variable Account F — Regatta

Financial Statements as of and for the Year Ended December 31, 2023 and Report of Independent Registered Public Accounting Firm

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

Index

December 31, 2023


	Page(s)

Report of Independent Registered Public Accounting Firm		1-8

Financial Statements

Statement of Assets and Liabilities		9-17

Statements of Operations		18-79

Statements of Changes in Net Assets		80-173

Notes to the Financial Statements		174-213

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Delaware Life Insurance Company and the Contract Owners of Delaware Life Variable Account F - Regatta:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the Sub-Accounts listed in the Appendix that comprise Delaware Life Variable Account F - Regatta (the Separate Account), as of December 31, 2023, the related statements of operations and changes in net assets for the periods indicated in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the three-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Sub- Accounts as of December 31, 2023, the results of their operations and changes in their net assets for the periods indicated in the Appendix, and the financial highlights for each of the years or periods in the

three-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants whose report, dated April 28, 2021, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Sub-Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Sub-Accounts in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of December 31, 2023, by correspondence with the transfer agent of the underlying mutual funds; when replies were not received from the transfer agent, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP

We have served as the auditor of Delaware Life Insurance Company’s Separate Accounts since 2021.

Hartford, Connecticut

April 23, 2024

Appendix

AB VPS Balanced Hedged Allocation Portfolio (Class B) Sub-Account (AL1) (1)

AB VPS Dynamic Asset Allocation Portfolio Class B Sub-Account (AO5) (1)

AB VPS Relative Value Portfolio Class B Sub-Account (A71) (1)(2)

AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2) (1)

AB VPS International Value Portfolio (Class B) Sub-Account (A98) (1)

AB VPS Large Cap Growth (Class B) Sub-Account (AC4) (1)

AB VPS Small Cap Growth Portfolio Class B Sub-Account (A19) (1)

AB VPS Discovery Value Portfolio (Class B) Sub-Account (A74) (1)(3)

American Funds Growth Fund - Class 4 Sub-Account (AP0) (1)

American Funds Growth-Income Fund - Class 4 Sub-Account (AQ1) (1)

American Funds International Fund - Class 4 Sub-Account (AQ2) (1)

American Funds IS Asset Allocation - Class 4 Sub-Account (AS3) (1)

American Funds IS Global Growth - Class 4 Sub-Account (AS6) (1)

American Funds New World Fund - Class 4 Sub-Account (AQ3) (1)

AFIS-American Funds Global Balanced Fund Class 4 Sub-Account (AX1) (1)

BlackRock 60/40 Target Allocation ETF VI Fund Class III Sub-Account (B21) (1)

BlackRock Capital Appreciation V.I. Fund Class III Sub-Account (B19) (1)

BlackRock Equity Dividend V.I. Fund Class III Sub-Account (B20) (1)

BlackRock Global Allocation V.I. Fund (Class III) Sub-Account (B18) (1)

BlackRock Large Cap Growth Equity V.I. Fund Class III Sub Account (B22) (1)(4)

BlackRock Total Return V.I. Fund Class III Sub-Account (B23) (1)

ClearBridge Variable Mid Cap Portfolio - Class II Sub-Account (L33) (1)

ClearBridge Variable Appreciation Portfolio Class II Sub-Account (L34) (1)

ClearBridge Variable Dividend Strategy Portfolio Class II Sub-Account (L35) (1)

Columbia Variable Portfolio - Small Cap Value Fund Class 2 Sub-Account (C71) (1)

Columbia Variable Portfolio - Large Cap Growth Fund Class 1 Sub-Account (C59) (1)

Columbia Variable Portfolio - Large Cap Growth Fund Class 2 Sub-Account (C60) (1)

CTIVP - Principal Blue Chip Growth Fund Class 1 Sub-Account (C89) (1)

CTIVP - Principal Blue Chip Growth Fund Class 2 Sub-Account (C90) (1)

Columbia Variable Portfolio - Overseas Core Fund Class 2 Sub-Account (C58) (1)

Columbia Variable Portfolio Select Large Cap Value- Class 2 Sub-Account (C91) (1)

Columbia VP Balanced Fund Class 2 Sub-Account (C92) (1)

Fidelity VIP Balanced Portfolio (Service Class 2) Sub-Account (FD7) (1)

Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24) (1)

Fidelity VIP Freedom 2010 Portfolio (Service Class 2) Sub-Account (F88) (1)

Fidelity VIP Freedom 2015 Portfolio (Service Class 2) Sub-Account (FB9) (1)

Fidelity VIP Freedom 2020 Portfolio (Service Class 2) Sub-Account (F15) (1)

Fidelity VIP Mid Cap Portfolio (Service Class 2) Sub-Account (F41) (1)

First Eagle Overseas Variable Fund Sub-Account (FE3) (1)

First Trust Capital Strength VIT Portfolio Class I Sub-Account (F17) (1)

First Trust International Developed Capital Strength VIT Portfolio Class I Sub-Account (F18) (1)

First Trust/Dow Jones Div&Inc Alloc Port - Class 1 Sub-Account (F19) (1)

Franklin Multi-Asset Variable Conservative Growth Fund Class II Sub-Account (L36) (1)

Franklin Templeton Developing Markets VIP Fund Class 2 Sub-Account (T21) (1)

Franklin Templeton Developing Markets VIP Fund Class 4 Sub-Account (S23) (1)

Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20) (1)

Franklin Templeton Allocation VIP Fund Class 2 Sub-Account (FE6) (1)

Franklin Templeton Allocation VIP Fund Class 4 Sub-Account (S18) (1)

Franklin Templeton Global Bond VIP Fund Class 4 Sub-Account (T59) (1)

Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56) (1)

Franklin Templeton Income VIP Fund Class 2 Sub-Account (F59) (1)

Franklin Templeton Income VIP Fund Class 4 Sub-Account (FF0) (1)

Franklin Templeton Mutual Shares VIP Fund Class 2 Sub-Account (F54) (1)

Franklin Templeton Mutual Shares VIP Fund Class 4 Sub-Account (FG8) (1)

Franklin Templeton Rising Dividends VIP Fund Class 4 Sub-Account (S21)

(1) Franklin Templeton Small Cap Value VIP Fund Class 2 Sub-Account (F53) (1)

Franklin Templeton Small Cap Value VIP Fund Class 4 Sub-Account (FJ9) (1)

Franklin Templeton Strategic Income VIP Fund Class 2 Sub-Account (T28) (1)

Franklin Templeton Strategic Income VIP Fund Class 4 Sub-Account (FJ0) (1)

Goldman Sachs VIT U.S. Equity Insights Fund - Service Class Sub-Account (G03) (1)

Invesco V.I. American Value Fund Series II Sub-Account (V35) (1)

Invesco V.I. Comstock Fund Series II Sub-Account (V13) (1)

Invesco V.I. Core Plus Bond Fund - Series II Sub-Account (AB3) (1)

Invesco V.I. Equity and Income Fund Series II Sub-Account (V11) (1)

Invesco V.I. EQV International Equity Fund Series II Sub-Account (AC1) (1)

Invesco V.I. Discovery Mid Cap Growth Fund Series II Sub-Account (V17) (1)

Invesco V.I. Diversified Dividend Fund Series II Sub-Account (V19) (1)

Invesco V.I. Equally-Weighted S&P 500 Sub-Account (V20) (1)

Invesco V.I. S&P 500 Index Class II Sub-Account (V21) (1)

Janus Henderson VIT Balanced Portfolio Service Shares Sub-Account (MV1) (1)

Janus Henderson VIT Enterprise Portfolio Service Shares Sub-Account (MV2) (1)

Janus Henderson VIT Global Tech & Innovation Portfolio Service Shares Sub-Account (MV3) (1)

Janus Henderson VIT Mid Cap Value Portfolio Service Shares Sub-Account (MV4) (1)

LVIP JPMorgan Core Bond Fund Service Class Sub-Account (J88) (1)(8)

JPMorgan Insurance Trust Global Allocation Portfolio Sub-Account (JF1) (5)

JPMorgan Insurance Trust Income Builder – Class 2 Sub-Account (JF0) (5)

LVIP JPMorgan U.S. Equity Fund Service Class Sub-Account (J94) (1)(9)

Lazard Retirement Emerging Markets Equity Portfolio Service Class Sub-Account (L11) (1)

Lazard Retirement Global Dynamic Multi Asset Portfolio Sub-Account (L42) (1)

Lord Abbett Series Fund - Bonds-Debenture Portfolio Sub-Account (L16) (1)

Lord Abbett Series Fund - Growth Opportunities Portfolio VC Sub-Account (L18) (1)

Lord Abbett Series Fund- Fundamental Equity Portfolio VC Sub-Account (L17) (1)

Lord Abbett Series Short Duration Income Portfolio VC Sub-Account (L19) (1)

MFS VIT Total Return Series Initial Class Sub-Account (M07) (1)

MFS VIT Total Return Series Service Class Sub-Account (M35) (1)

MFS VIT I Growth Series Initial Class Sub-Account (M31) (1)

MFS VIT I Growth Series Service Class Sub-Account (M80) (1)

MFS VIT I Investors Trust Series - Service Class Sub-Account (M10) (1)

MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1) (1)

MFS VIT I Mid Cap Growth Series Service Class Sub-Account (M41) (1)

MFS VIT I New Discovery Series Initial Class Sub-Account (M05) (1)

MFS VIT I New Discovery Series Service Class Sub-Account (M42) (1)

MFS VIT I Total Return Bond Series Service Class Sub-Account (M89) (1)

MFS VIT I Research Series Service Class Sub-Account (M82) (1)

MFS VIT I Utilities Series Initial Class Sub-Account (M44) (1)

MFS VIT I Utilities Series Service Class Sub-Account (M40) (1)

MFS VIT I Value Series Initial Class Sub-Account (M83) (1)

MFS VIT I Value Series Service Class Sub-Account (M08) (1)

MFS VIT II Blended Research Core Equity Portfolio I Class Sub-Account (MB6) (1)

MFS VIT II Blended Research Core Equity Portfolio S Class Sub-Account (MB7) (1)

MFS VIT II Corporate Bond Portfolio I Class Sub-Account (MC0) (1)

MFS VIT II Corporate Bond Portfolio S Class Sub-Account (MA0) (1)

MFS VIT II Core Equity Portfolio I Class Sub-Account (MC2) (1)

MFS VIT II Core Equity Portfolio S Class Sub-Account (MC1) (1)

MFS VIT II Emerging Markets Equity Portfolio I Class Sub-Account (MC3) (1)

MFS VIT II Emerging Markets Equity Portfolio S Class Sub-Account (MA1) (1)

MFS VIT II Global Governments Portfolio I Class Sub-Account (MC4) (1)

MFS VIT II Global Governments Portfolio S Class Sub-Account (MC5) (1)

MFS VIT II Global Growth Portfolio I Class Sub-Account (MC6) (1)

MFS VIT II Global Growth Portfolio S Class Sub-Account (MC7) (1)

MFS VIT II Global Research Portfolio I Class Sub-Account (MC8) (1)

MFS VIT II Global Research Portfolio S Class Sub-Account (MC9) (1)

MFS VIT II Global Tactical Allocation Portfolio I Class Sub-Account (MD0) (1)

MFS VIT II Global Tactical Allocation Portfolio S Class Sub-Account (M92) (1)

MFS VIT II Government Securities Portfolio I Class Sub-Account (M96) (1)

MFS VIT II Government Securities Portfolio S Class Sub-Account (MD2) (1)

MFS VIT II High Yield Portfolio I Class Sub-Account (MA6) (1)

MFS VIT II High Yield Portfolio Service Class Sub-Account (MA3) (1)

MFS VIT II International Growth Portfolio I Class Sub-Account (M97) (1)

MFS VIT II International Growth Portfolio S Class Sub-Account (MD5) (1)

MFS VIT II International Intrinsic Value Portfolio Initial Class Sub-Account (M98) (1)

MFS VIT II International Intrinsic Value Portfolio Service Class Sub-Account (M93) (1)

MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class Sub-Account (MD6) (1)

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3) (1)

MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8) (1)

MFS U.S. Government Money Market Portfolio Service Class Sub-Account (MD9) (1)

MFS VIT II Research International Portfolio I Class Sub-Account (ME2) (1)

MFS VIT II Research International Portfolio S Class Sub-Account (ME3) (1)

MFS VIT II Income Portfolio I Class Sub-Account (MA5) (1)

MFS VIT II Income Portfolio S Class Sub-Account (MA7) (1)

MFS VIT II Technology Portfolio I Class Sub-Account (ME4) (1)

MFS VIT II Technology Portfolio S Class Sub-Account (MA2) (1)

MFS VIT III Blended Research Small Cap Equity Portfolio Service Class Sub-Account (MF3) (1)

MFS VIT III Conservative Allocation Portfolio Service Class Sub-Account (MF5) (1)

MFS VIT III Global Real Estate Portfolio Initial Class Sub-Account (MF6) (1)

MFS VIT III Global Real Estate Portfolio Service Class Sub-Account (MF7) (1)

MFS VIT III Growth Allocation Portfolio Service Class Sub-Account (MF9) (1)

MFS VIT III Inflation Adjusted Bond Portfolio Service Class Sub-Account (MG1) (1)

MFS VIT III Limited Maturity Portfolio Initial Class Sub-Account (MF2) (1)

MFS VIT III Limited Maturity Portfolio Service Class Sub-Account (MG2) (1)

MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3) (1)

MFS VIT III Mid Cap Value Portfolio Service Class Sub-Account (MG4) (1)

MFS VIT III Moderate Allocation Portfolio Service Class Sub-Account (MG6) (1)

MFS VIT III New Discovery Value Portfolio Service Class Sub-Account (MG7) (1)

Morgan Stanley Variable Insurance Fund, Inc. Core Plus Fixed Income Portfolio Class II Sub-Account (V46) (6)

Morgan Stanley Variable Insurance Fund, Inc. Global Franchise Portfolio, Class II Sub-Account (V45) (10)

Morgan Stanley Variable Insurance Fund, Inc. Global Infrastructure - Class II Sub-Account (U43) (1)

Morgan Stanley Variable Insurance Fund, Inc. Global Strategist Portfolio, Class II Sub-Account (U41) (1)

Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio Class II Sub-Account (V44) (1)

Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio Class II Sub-Account (V43) (1)

Invesco V.I. Capital Appreciation Fund, Series II Sub-Account (O19) (1)

Invesco V.I. Conservative Balanced Fund, Series II Sub-Account (O23) (1)

Invesco V.I. Global Fund, Series II Sub-Account (O20) (1)

Invesco V.I. Main Street Fund, Series II Sub-Account (O21) (1)

Invesco V.I. Main Street Small Cap Fund, Series II Sub-Account (O04) (1)

PIMCO VIT StocksPLUS Global Portfolio Advisor Class Sub-Account (PH2) (1)

PIMCO VIT All Asset Portfolio Admin Class Sub-Account (P08) (1)

PIMCO VIT All Asset Portfolio Advisor Class Sub-Account (PC0) (1)

PIMCO VIT CommodityRealReturn Strategy Portfolio Advisor Class Sub-Account (P70) (1)

PIMCO VIT CommodityRealReturnTM Strategy Portfolio Admin Class Sub-Account (P10) (1)

PIMCO VIT Emerging Markets Bond Portfolio Admin Class Sub-Account (PK8) (1)

PIMCO VIT Emerging Markets Bond Portfolio Advisor Class Sub-Account (P20) (1)

PIMCO VIT Global Managed Asset Allocation Portfolio Advisor Class Sub-Account (PD6) (1)

PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06) (1)

PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07) (1)

PIMCO VIT Total Return Portfolio - Advisor Class Sub-Account (P68) (1)

Putnam VT Multi-Asset Absolute Return Fund Class IB Sub-Account (PI3) (7)

Putnam VT Large Cap Value Fund Class IB Sub-Account (P72) (1)

Putnam VT George Putnam Balanced Fun - Class IB Sub-Account (P88) (1)

Putnam VT Global Health Care Fund - Class IB Sub-Account (P89) (1)

Putnam VT Income Fund - Class IB Sub-Account (P95) (1)

Putnam VT Research Fund - Class IB Sub-Account (P79) (1)

Putnam VT Sustainable Future Fund Class IB Sub-Account (P80) (1)

Putnam VT Sustainable Leaders Fund Class IB Sub-Account (P81) (1)

T. Rowe Price Blue Chip Growth Portfolio II Sub-Account (TBD) (1)

T. Rowe Price Equity Income Portfolio II Sub-Account (TBE) (1)

T. Rowe Price Health Sciences Portfolio II Sub-Account (TBF) (1)

TOPS Aggressive Growth ETF Portfolio Sub-Account (TP1) (1)

TOPS Balanced ETF Portfolio Sub-Account (TP2) (1)

TOPS Conservative ETF Portfolio Sub-Account (TP3) (1)

TOPS Growth ETF Portfolio Sub-Account (TP4) (1)

TOPS Moderate Growth ETF Portfolio Sub-Account (TP5) (1)

Wanger Select Fund Sub-Account (W41) (7)

Wanger Acorn Sub-Account (W42) (1)

Western Asset Variable Core Bond Plus II Sub-Account (W50) (1)

(1)

Statement of assets and liabilities as of December 31, 2023, the related statement of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the three-year period then ended. Financial highlights for the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants.

(2)

Formerly AB VPS Growth and Income Portfolio (Class B).

(3)

Formerly AB VPS Small/Mid Cap Value Portfolio (Class B).

(4)

Formerly BlackRock Large Cap Focus Growth V.I. Fund Class III.

(5)

Statements of operations and changes in net assets for the period January 1, 2023 to April 25, 2023 and statement of changes in net assets for the year ended December 31, 2022.

(6)

Statements of operations and changes in net assets for the period January 1, 2023 to July 25, 2023 and statement of changes in net assets for the year ended December 31, 2022.

(7)

Statements of operations and changes in net assets for the period January 1, 2023 to April 21, 2023 and statement of changes in net assets for the year ended December 31, 2022.

(8)

Formerly JPMorgan Insurance Trust Core Bond Portfolio Class 2

(9)

Formerly JPMorgan Insurance Trust U.S. Equity Portfolio Class 2

(10)

Statements of operations and changes in net assets for the period January 1, 2023 to September 18, 2023 and statement of changes in net assets for the year ended December 31, 2022.

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES

DECEMBER 31, 2023


			Assets								Liabilities
	Shares		Cost		Investments at fair value		Receivable from Sponsor		Total assets		Payable to Sponsor		Net Assets
AB VPS Balanced Hedged Allocation Portfolio (Class B) Sub-Account (AL1)		3,206,608	$	31,040,984	$	27,673,016	$	—	$	27,673,016	$	2,402	$	27,670,614
AB VPS Dynamic Asset Allocation Portfolio Class B Sub-Account (AO5)		5,311,148		55,603,640		47,269,214		—		47,269,214		4,145		47,265,069
AB VPS Relative Value Portfolio Class B Sub-Account (A71) ²		27,539		853,934		792,574		—		792,574		52		792,522
AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2)		163,833		3,305,752		2,839,227		—		2,839,227		257		2,838,970
AB VPS International Value Portfolio (Class B) Sub-Account (A98)		1,318,203		17,367,771		19,390,768		16,587		19,407,355		1,778		19,405,577
AB VPS Large Cap Growth (Class B) Sub-Account (AC4)		193,715		13,432,019		12,971,146		—		12,971,146		857		12,970,289
AB VPS Small Cap Growth Portfolio Class B Sub-Account (A19)		439,397		4,210,953		3,501,997		—		3,501,997		234		3,501,763
AB VPS Discovery Value Portfolio (Class B) Sub-Account (A74) ²		904,669		15,316,971		15,777,430		2,153		15,779,583		1,304		15,778,279
American Funds Growth Fund - Class 4 Sub-Account (AP0)		421,598		41,454,629		40,346,932		—		40,346,932		2,678		40,344,254
American Funds Growth-Income Fund - Class 4 Sub-Account (AQ1)		324,613		18,035,104		18,613,294		—		18,613,294		1,231		18,612,063
American Funds International Fund - Class 4 Sub-Account (AQ2)		208,971		3,871,643		3,579,668		—		3,579,668		236		3,579,432
American Funds IS Asset Allocation - Class 4 Sub-Account (AS3)		3,195,041		77,929,934		74,572,239		—		74,572,239		4,924		74,567,315
American Funds IS Global Growth - Class 4 Sub-Account (AS6)		306,902		11,084,991		10,152,309		—		10,152,309		670		10,151,639
American Funds New World Fund - Class 4 Sub-Account (AQ3)		104,067		2,862,632		2,596,471		—		2,596,471		172		2,596,299
AFIS-American Funds Global Balanced Fund Class 4 Sub-Account (AX1)		850,474		10,659,906		10,290,728		—		10,290,728		676		10,290,052
BlackRock 60/40 Target Allocation ETF VI Fund Class III Sub-Account (B21)		829,839		10,647,602		10,912,389		—		10,912,389		722		10,911,667
BlackRock Capital Appreciation V.I. Fund Class III Sub-Account (B19)		368,861		2,805,427		2,991,464		—		2,991,464		197		2,991,267
BlackRock Equity Dividend V.I. Fund Class III Sub-Account (B20)		170,460		1,857,489		1,806,874		—		1,806,874		119		1,806,755
BlackRock Global Allocation V.I. Fund (Class III) Sub-Account (B18)		21,117,873		298,820,149		275,165,886		101,465		275,267,351		24,323		275,243,028
BlackRock Large Cap Growth Equity V.I. Fund Class III Sub Account (B22) ²		56,317		832,522		1,034,534		—		1,034,534		69		1,034,465
BlackRock Total Return V.I.Fund Class III Sub-Account (B23)		80,024		835,866		808,247		—		808,247		53		808,194
ClearBridge Variable Mid Cap Portfolio - Class II Sub-Account (L33)		115,612		2,748,190		2,609,341		—		2,609,341		173		2,609,168
ClearBridge Variable Appreciation Portfolio Class II Sub-Account (L34)		11,593		640,006		668,098		—		668,098		44		668,054
ClearBridge Variable Dividend Strategy Portfolio Class II Sub-Account (L35)		66,762		1,550,426		1,371,955		—		1,371,955		91		1,371,864
Columbia Variable Portfolio - Small Cap Value Fund Class 2 Sub-Account (C71)		973		12,749		12,469		—		12,469		1		12,468
Columbia Variable Portfolio - Large Cap Growth Fund Class 1 Sub-Account (C59)		2,064		38,987		76,947		—		76,947		7		76,940
Columbia Variable Portfolio - Large Cap Growth Fund Class 2 Sub-Account (C60)		1,192,998		26,150,574		42,971,788		57,463		43,029,251		4,010		43,025,241
CTIVP - Principal Blue Chip Growth Fund Class 1 Sub-Account (C89)		909		45,784		53,616		—		53,616		5		53,611
CTIVP - Principal Blue Chip Growth Fund Class 2 Sub-Account (C90)		239,107		8,468,390		13,643,422		7,024		13,650,446		1,272		13,649,174
Columbia Variable Portfolio - Overseas Core Fund Class 2 Sub-Account (C58)		239,274		2,833,253		3,163,201		—		3,163,201		295		3,162,906
Columbia Variable Portfolio Select Large Cap Value- Class 2 Sub-Account (C91)		174,637		6,147,255		6,538,417		—		6,538,417		432		6,537,985
Columbia VP Balanced Fund Class 2 Sub-Account (C92)		314,961		12,067,802		13,124,433		—		13,124,433		868		13,123,565
Fidelity VIP Balanced Portfolio (Service Class 2) Sub-Account (FD7)		4,040,110		78,733,713		87,023,979		—		87,023,979		8,773		87,015,206
Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24)		2,308,868		89,044,899		108,124,295		34,682		108,158,977		9,898		108,149,079
Fidelity VIP Freedom 2010 Portfolio (Service Class 2) Sub-Account (F88)		124,131		1,564,273		1,392,755		—		1,392,755		134		1,392,621
Fidelity VIP Freedom 2015 Portfolio (Service Class 2) Sub-Account (FB9)		609,882		7,681,795		6,958,752		—		6,958,752		829		6,957,923
Fidelity VIP Freedom 2020 Portfolio (Service Class 2) Sub-Account (F15)		988,146		13,001,673		12,253,016		—		12,253,016		1,085		12,251,931
Fidelity VIP Mid Cap Portfolio (Service Class 2) Sub-Account (F41)		1,566,744		47,382,257		54,350,348		87,654		54,438,002		5,018		54,432,984
First Eagle Overseas Variable Fund Sub-Account (FE3)		6,727,878		163,177,934		152,050,034		94,923		152,144,957		13,645		152,131,312
First Trust Capital Strength VIT Portfolio Class I Sub-Account (F17)		139,575		1,785,791		1,891,240		—		1,891,240		125		1,891,115
First Trust International Developed Capital Strength VIT Portfolio Class I Sub-Account (F18)		50,298		585,118		627,722		—		627,722		41		627,681
First Trust/Dow Jones Div&Inc Alloc Port - Class 1 Sub-Account (F19)		587,205		7,943,700		7,774,592		—		7,774,592		515		7,774,077
Franklin Multi-Asset Variable Conservative Growth Fund Class II Sub-Account (L36)		58,640		809,692		840,895		—		840,895		56		840,839
Franklin Templeton Developing Markets VIP Fund Class 2 Sub-Account (T21)		1,719,768		15,798,342		14,153,689		1,455		14,155,144		1,338		14,153,806
Franklin Templeton Developing Markets VIP Fund Class 4 Sub-Account (S23)		65,852		565,494		546,570		—		546,570		36		546,534
Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20)		3,693,353		46,109,564		52,593,345		—		52,593,345		17,311		52,576,034
Franklin Templeton Allocation VIP Fund Class 2 Sub-Account (FE6)		3,630,047		19,522,188		17,787,231		—		17,787,231		1,596		17,785,635
Franklin Templeton Allocation VIP Fund Class 4 Sub-Account (S18)		393,306		1,954,614		2,005,862		—		2,005,862		133		2,005,729
Franklin Templeton Global Bond VIP Fund Class 4 Sub-Account (T59)		141,421		2,027,740		1,856,858		510		1,857,368		190		1,857,178
Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56)		856,983		8,824,902		10,275,231		—		10,275,231		1,810		10,273,421
Franklin Templeton Income VIP Fund Class 2 Sub-Account (F59)		2,599,919		38,279,254		36,918,847		—		36,918,847		3,791		36,915,056
Franklin Templeton Income VIP Fund Class 4 Sub-Account (FF0)		1,273,722		19,469,113		18,685,513		—		18,685,513		1,254		18,684,259
Franklin Templeton Mutual Shares VIP Fund Class 2 Sub-Account (F54)		5,832,739		90,347,571		89,415,886		2,815		89,418,701		8,197		89,410,504
Franklin Templeton Mutual Shares VIP Fund Class 4 Sub-Account (FG8)		69,369		1,076,092		1,077,294		—		1,077,294		74		1,077,220
Franklin Templeton Rising Dividends VIP Fund Class 4 Sub-Account (S21)		153,231		4,352,715		4,131,107		—		4,131,107		273		4,130,834
Franklin Templeton Small Cap Value VIP Fund Class 2 Sub-Account (F53)		1,156,565		14,136,105		15,347,623		477		15,348,100		1,417		15,346,683
Franklin Templeton Small Cap Value VIP Fund Class 4 Sub-Account (FJ9)		152,874		2,101,310		2,121,890		—		2,121,890		146		2,121,744

The accompanying notes are an integral part of these financial statements.

- 9 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


			Assets								Liabilities
	Shares		Cost		Investments at fair value		Receivable from Sponsor		Total assets		Payable to Sponsor		Net Assets
Franklin Templeton Strategic Income VIP Fund Class 2 Sub-Account (T28)		794,007	$	7,894,314	$	7,154,003	$	905	$	7,154,908	$	653	$	7,154,255
Franklin Templeton Strategic Income VIP Fund Class 4 Sub-Account (FJ0)		6,479		67,867		60,323		—		60,323		6		60,317
Goldman Sachs VIT U.S. Equity Insights Fund - Service Class Sub-Account (G03)		138,446		2,960,511		2,728,779		—		2,728,779		180		2,728,599
Invesco V.I. American Value Fund Series II Sub-Account (V35)		222,214		3,037,045		3,050,995		404		3,051,399		287		3,051,112
Invesco V.I. Comstock Fund Series II Sub-Account (V13)		895,855		13,803,157		17,540,845		—		17,540,845		1,636		17,539,209
Invesco V.I. Core Plus Bond Fund - Series II Sub-Account (AB3)		238,992		1,497,481		1,355,086		—		1,355,086		89		1,354,997
Invesco V.I. Equity and Income Fund Series II Sub-Account (V11)		5,513,906		91,973,473		90,207,509		26,076		90,233,585		7,423		90,226,162
Invesco V.I. EQV International Equity Fund Series II Sub-Account (AC1)		43,936		1,440,846		1,470,533		—		1,470,533		137		1,470,396
Invesco V.I. Discovery Mid Cap Growth Fund Series II Sub-Account (V17)		61,572		3,710,853		3,325,524		—		3,325,524		221		3,325,303
Invesco V.I. Diversified Dividend Fund Series II Sub-Account (V19)		40,421		1,012,255		969,694		—		969,694		64		969,630
Invesco V.I. Equally-Weighted S&P 500 Sub-Account (V20)		294,473		7,534,775		7,411,897		—		7,411,897		491		7,411,406
Invesco V.I. S&P 500 Index Class II Sub-Account (V21)		—		—		—		—		—		—		—
Janus Henderson VIT Balanced Portfolio Service Shares Sub-Account (MV1)		1,668,008		76,923,299		80,147,768		—		80,147,768		5,295		80,142,473
Janus Henderson VIT Enterprise Portfolio Service Shares Sub-Account (MV2)		42,178		2,881,232		2,883,696		—		2,883,696		190		2,883,506
Janus Henderson VIT Global Tech & Innovation Portfolio Service Shares Sub-Account (MV3)		407,391		5,668,806		6,542,703		—		6,542,703		431		6,542,272
Janus Henderson VIT Mid Cap Value Portfolio Service Shares Sub-Account (MV4)		77,824		1,254,705		1,301,215		—		1,301,215		86		1,301,129
LVIP JPMorgan Core Bond Fund Service Class Sub-Account (J88) ²		3,294,856		35,612,154		32,114,961		—		32,114,961		2,845		32,112,116
JPMorgan Insurance Trust Global Allocation Portfolio Sub-Account (JF1) ¹		—		—		—		—		—		—		—
JPMorgan Insurance Trust Income Builder - Class 2 Sub-Account (JF0) ¹		—		—		—		—		—		—		—
LVIP JPMorgan U.S. Equity Fund Service Class Sub-Account (J94) ²		338,704		11,208,485		12,524,253		—		12,524,253		1,126		12,523,127
Lazard Retirement Emerging Markets Equity Portfolio Service Class Sub-Account (L11)		1,001,629		18,373,089		20,863,935		6,145		20,870,080		1,884		20,868,196
Lazard Retirement Global Dynamic Multi Asset Portfolio Sub-Account (L42)		29,639		379,772		355,083		—		355,083		23		355,060
Lord Abbett Series Fund - Bonds-Debenture Portfolio Sub-Account (L16)		415,459		4,809,379		4,287,533		—		4,287,533		283		4,287,250
Lord Abbett Series Fund - Growth Opportunities Portfolio VC Sub-Account (L18)		1,670,493		19,839,716		14,900,798		—		14,900,798		1,973		14,898,825
Lord Abbett Series Fund- Fundamental Equity Portfolio VC Sub-Account (L17)		1,401,079		20,788,210		23,524,112		291		23,524,403		2,212		23,522,191
Lord Abbett Series Short Duration Income Portfolio VC Sub-Account (L19)		125,292		1,700,701		1,632,550		—		1,632,550		108		1,632,442
MFS VIT Total Return Series Initial Class Sub-Account (M07)		10,148,213		238,396,881		236,047,442		—		236,047,442		842,430		235,205,012
MFS VIT Total Return Series Service Class Sub-Account (M35)		8,789,083		203,210,646		199,336,376		32,688		199,369,064		17,879		199,351,185
MFS VIT I Growth Series Initial Class Sub-Account (M31)		2,258,612		125,688,655		136,171,729		673,385		136,845,114		10,643		136,834,471
MFS VIT I Growth Series Service Class Sub-Account (M80)		384,230		21,890,304		21,393,924		—		21,393,924		6,939		21,386,985
MFS VIT I Investors Trust Series - Service Class Sub-Account (M10)		5,431		194,663		191,588		—		191,588		13		191,575
MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1)		2,134,897		20,700,608		18,296,063		7,752		18,303,815		1,453		18,302,362
MFS VIT I Mid Cap Growth Series Service Class Sub-Account (M41)		3,414,292		29,557,421		25,334,045		17,713		25,351,758		2,203		25,349,555
MFS VIT I New Discovery Series Initial Class Sub-Account (M05)		2,744,730		47,369,213		35,516,805		1,564		35,518,369		2,855		35,515,514
MFS VIT I New Discovery Series Service Class Sub-Account (M42)		2,976,812		40,335,999		30,065,809		—		30,065,809		7,610		30,058,199
MFS VIT I Total Return Bond Series Service Class Sub-Account (M89)		25,352,015		326,187,014		290,787,617		54,347		290,841,964		25,473		290,816,491
MFS VIT I Research Series Service Class Sub-Account (M82)		2,755,475		79,004,857		86,301,486		1,903		86,303,389		7,940		86,295,449
MFS VIT I Utilities Series Initial Class Sub-Account (M44)		2,088,910		65,420,118		67,367,355		73,914		67,441,269		5,274		67,435,995
MFS VIT I Utilities Series Service Class Sub-Account (M40)		1,073,061		34,043,345		33,844,344		1,310		33,845,654		3,008		33,842,646
MFS VIT I Value Series Initial Class Sub-Account (M83)		7,629,019		151,179,683		162,269,238		88,861		162,358,099		14,141		162,343,958
MFS VIT I Value Series Service Class Sub-Account (M08)		3,723,314		71,386,304		77,109,845		45,326		77,155,171		6,967		77,148,204
MFS VIT II Blended Research Core Equity Portfolio I Class Sub-Account (MB6)		3,946,074		204,406,018		218,809,783		23,750		218,833,533		17,049		218,816,484
MFS VIT II Blended Research Core Equity Portfolio S Class Sub-Account (MB7)		770,706		39,688,288		42,126,776		—		42,126,776		7,834		42,118,942
MFS VIT II Corporate Bond Portfolio I Class Sub-Account (MC0)		3,161,620		35,662,126		30,067,003		9,691		30,076,694		2,386		30,074,308

The accompanying notes are an integral part of these financial statements.

- 10 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


			Assets								Liabilities
	Shares		Cost		Investments at fair value		Receivable from Sponsor		Total assets		Payable to Sponsor		Net Assets
MFS VIT II Corporate Bond Portfolio S Class Sub-Account (MA0)		8,486,260	$	93,339,800	$	79,516,256	$	4,042	$	79,520,298	$	7,139	$	79,513,159
MFS VIT II Core Equity Portfolio I Class Sub-Account (MC2)		3,148,489		78,995,064		87,118,687		12,911		87,131,598		6,905		87,124,693
MFS VIT II Core Equity Portfolio S Class Sub-Account (MC1)		1,717,435		44,224,118		46,628,383		2,016		46,630,399		3,991		46,626,408
MFS VIT II Emerging Markets Equity Portfolio I Class Sub-Account (MC3)		783,878		11,133,363		9,767,119		2,845		9,769,964		776		9,769,188
MFS VIT II Emerging Markets Equity Portfolio S Class Sub-Account (MA1)		862,309		11,739,660		10,554,660		167		10,554,827		951		10,553,876
MFS VIT II Global Governments Portfolio I Class Sub-Account (MC4)		554,247		5,779,300		4,882,919		2,236		4,885,155		392		4,884,763
MFS VIT II Global Governments Portfolio S Class Sub-Account (MC5)		57,095		578,861		491,587		—		491,587		46		491,541
MFS VIT II Global Growth Portfolio I Class Sub-Account (MC6)		1,422,548		37,412,819		38,465,710		60,030		38,525,740		2,981		38,522,759
MFS VIT II Global Growth Portfolio S Class Sub-Account (MC7)		315,176		8,725,021		8,452,994		—		8,452,994		615		8,452,379
MFS VIT II Global Research Portfolio I Class Sub-Account (MC8)		2,070,267		58,990,487		65,813,802		383,842		66,197,644		5,068		66,192,576
MFS VIT II Global Research Portfolio S Class Sub-Account (MC9)		104,002		2,956,901		3,287,513		—		3,287,513		2,846		3,284,667
MFS VIT II Global Tactical Allocation Portfolio I Class Sub-Account (MD0)		1,993,100		29,760,924		27,165,957		109,788		27,275,745		2,119		27,273,626
MFS VIT II Global Tactical Allocation Portfolio S Class Sub-Account (M92)		24,774,814		363,588,978		330,496,021		112,143		330,608,164		28,511		330,579,653
MFS VIT II Government Securities Portfolio I Class Sub-Account (M96)		4,246,215		51,699,809		46,156,359		9,670		46,166,029		3,605		46,162,424
MFS VIT II Government Securities Portfolio S Class Sub-Account (MD2)		9,184,019		111,753,366		99,371,091		3,982		99,375,073		8,983		99,366,090
MFS VIT II High Yield Portfolio I Class Sub-Account (MA6)		5,871,907		31,846,850		29,359,537		105,506		29,465,043		2,306		29,462,737
MFS VIT II High Yield Portfolio Service Class Sub-Account (MA3)		4,478,258		24,017,429		22,122,596		—		22,122,596		17,220		22,105,376
MFS VIT II International Growth Portfolio I Class Sub-Account (M97)		1,815,958		25,520,225		26,640,109		14,152		26,654,261		2,112		26,652,149
MFS VIT II International Growth Portfolio S Class Sub-Account (MD5)		752,523		10,278,145		10,858,902		20,084		10,878,986		991		10,877,995
MFS VIT II International Intrinsic Value Portfolio Initial Class Sub-Account (M98)		962,213		25,663,525		28,289,062		14,059		28,303,121		2,206		28,300,915
MFS VIT II International Intrinsic Value Portfolio Service Class Sub-Account (M93)		1,918,250		53,796,533		55,303,156		9,659		55,312,815		5,169		55,307,646
MFS VIT II Massachusetts Investors Growth Stock Portfolio I Class Sub-Account (MD6)		12,661,740		261,192,354		286,535,182		1,099,403		287,634,585		22,230		287,612,355
MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3)		1,275,346		26,231,606		28,185,139		439		28,185,578		2,565		28,183,013
MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8)		35,057,861		35,057,861		35,057,861		—		35,057,861		21,307		35,036,554
MFS U.S. Government Money Market Portfolio Service Class Sub-Account (MD9)		98,647,517		98,647,517		98,647,517		1,710		98,649,227		8,726		98,640,501
MFS VIT II Research International Portfolio I Class Sub-Account (ME2)		881,622		13,849,685		14,881,778		1,761		14,883,539		1,169		14,882,370
MFS VIT II Research International Portfolio S Class Sub-Account (ME3)		1,629,976		25,443,512		27,106,494		—		27,106,494		6,365		27,100,129
MFS VIT II Income Portfolio I Class Sub-Account (MA5)		2,124,166		20,304,969		17,779,271		112,477		17,891,748		1,393		17,890,355
MFS VIT II Income Portfolio S Class Sub-Account (MA7)		272,954		2,614,117		2,270,977		—		2,270,977		2,694		2,268,283
MFS VIT II Technology Portfolio I Class Sub-Account (ME4)		585,465		12,466,419		17,815,689		18,850		17,834,539		1,435		17,833,104
MFS VIT II Technology Portfolio S Class Sub-Account (MA2)		477,538		12,200,107		13,375,837		—		13,375,837		920		13,374,917

The accompanying notes are an integral part of these financial statements.

- 11 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


			Assets								Liabilities
	Shares		Cost		Investments at fair value		Receivable from Sponsor		Total assets		Payable to Sponsor		Net Assets
MFS VIT III Blended Research Small Cap Equity Portfolio Service Class Sub-Account (MF3)		4,412,068		40,375,059		41,870,517	$	29,090.00	$	41,899,607	$	3,852	$	41,895,755
MFS VIT III Conservative Allocation Portfolio Service Class Sub-Account (MF5)		28,088,034		304,566,204		263,465,752		44,020		263,509,772		23,535		263,486,237
MFS VIT III Global Real Estate Portfolio Initial Class Sub-Account (MF6)		86,063		1,182,957		1,125,710		—		1,125,710		2,109		1,123,601
MFS VIT III Global Real Estate Portfolio Service Class Sub-Account (MF7)		2,316,109		37,668,347		36,895,614		8,329		36,903,943		3,441		36,900,502
MFS VIT III Growth Allocation Portfolio Service Class Sub-Account (MF9)		25,358,657		278,682,646		243,443,106		357,283		243,800,389		21,940		243,778,449
MFS VIT III Inflation Adjusted Bond Portfolio Service Class Sub-Account (MG1)		9,354,813		93,520,173		76,803,019		42,695		76,845,714		6,822		76,838,892
MFS VIT III Limited Maturity Portfolio Initial Class Sub-Account (MF2)		12,914,442		132,079,365		128,756,991		10,722		128,767,713		12,150		128,755,563
MFS VIT III Limited Maturity Portfolio Service Class Sub-Account (MG2)		7,486,639		76,494,209		74,716,654		463		74,717,117		6,716		74,710,401
MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3)		1,817,298		14,415,721		17,864,037		—		17,864,037		3,748		17,860,289
MFS VIT III Mid Cap Value Portfolio Service Class Sub-Account (MG4)		1,685,692		12,784,358		16,317,498		410		16,317,908		1,444		16,316,464
MFS VIT III Moderate Allocation Portfolio Service Class Sub-Account (MG6)		84,568,821		1,035,320,179		907,423,448		—		907,423,448		636,108		906,787,340
MFS VIT III New Discovery Value Portfolio Service Class Sub-Account (MG7)		1,204,135		10,251,844		9,464,495		747		9,465,242		780		9,464,462
Morgan Stanley Variable Insurance Fund, Inc. Core Plus Fixed Income Portfolio Class II Sub-Account (V46) ¹		—		—		—		—		—		—		—
Morgan Stanley Variable Insurance Fund, Inc. Global Franchise Portfolio, Class II Sub-Account (V45) ³		—		—		—		—		—		—		—
Morgan Stanley Variable Insurance Fund, Inc. Global Infrastructure - Class II Sub-Account (U43)		248,843		1,769,177		1,503,010		—		1,503,010		100		1,502,910
Morgan Stanley Variable Insurance Fund, Inc. Global Strategist Portfolio, Class II Sub-Account (U41)		293,410		2,644,291		2,491,053		—		2,491,053		165		2,490,888
Morgan Stanley Variable Insurance Fund, Inc. Growth Portfolio Class II Sub-Account (V44)		2,427,228		21,945,215		24,587,824		—		24,587,824		1,854		24,585,970
Morgan Stanley Variable Insurance Fund, Inc. Discovery Portfolio Class II Sub-Account (V43)		1,117,878		4,081,679		4,527,405		331		4,527,736		422		4,527,314
Invesco V.I. Capital Appreciation Fund, Series II Sub-Account (O19)		271,243		12,402,822		12,108,307		659		12,108,966		1,142		12,107,824
Invesco V.I. Conservative Balanced Fund, Series II Sub-Account (O23)		741,073		11,748,104		11,182,785		—		11,182,785		909		11,181,876
Invesco V.I. Global Fund, Series II Sub-Account (O20)		272,954		9,985,781		9,689,880		530		9,690,410		888		9,689,522
Invesco V.I. Main Street Fund, Series II Sub-Account (O21)		5,800,695		115,622,531		103,078,334		—		103,078,334		17,141		103,061,193
Invesco V.I. Main Street Small Cap Fund, Series II Sub-Account (O04)		145,684		3,270,177		3,831,482		—		3,831,482		373		3,831,109
PIMCO VIT StocksPLUS Global Portfolio Advisor Class Sub-Account (PH2)		30,124		211,699		210,266		—		210,266		19		210,247
PIMCO VIT All Asset Portfolio Admin Class Sub-Account (P08)		1,502,165		15,193,665		13,594,594		—		13,594,594		1,254		13,593,340
PIMCO VIT All Asset Portfolio Advisor Class Sub-Account (PC0)		1,129,349		11,627,049		10,390,008		—		10,390,008		899		10,389,109
PIMCO VIT CommodityRealReturn Strategy Portfolio Advisor Class Sub-Account (P70)		537,002		3,958,756		2,932,032		—		2,932,032		198		2,931,834
PIMCO VIT CommodityRealReturnTM Strategy Portfolio Admin Class Sub-Account (P10)		2,967,847		19,004,854		15,877,981		44,465		15,922,446		1,461		15,920,985
PIMCO VIT Emerging Markets Bond Portfolio Admin Class Sub-Account (PK8)		460,052		5,579,469		4,853,544		1,170		4,854,714		454		4,854,260
PIMCO VIT Emerging Markets Bond Portfolio Advisor Class Sub-Account (P20)		9,366		114,815		98,815		—		98,815		9		98,806
PIMCO VIT International Bond Portfolio (U.S. Dollar-Hedged) Advisor Class Sub-Account (PM5)		64,382		660,113		632,870		—		632,870		42		632,828
PIMCO VIT Global Managed Asset Allocation Portfolio Advisor Class Sub-Account (PD6)		27,680,998		299,750,290		260,201,383		135,075		260,336,458		22,872		260,313,586
PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06)		1,846,537		23,459,430		21,364,439		—		21,364,439		2,024		21,362,415
PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07)		9,829,917		104,643,851		90,238,640		6,527		90,245,167		8,456		90,236,711
PIMCO VIT Total Return Portfolio - Advisor Class Sub-Account (P68)		603,943		6,349,758		5,544,194		—		5,544,194		366		5,543,828
Putnam VT Multi-Asset Absolute Return Fund Class IB Sub-Account (PI3) ¹		—		—		—		—		—		—		—
Putnam VT Large Cap Value Fund Class IB Sub-Account (P72)		681,512		17,603,105		19,641,178		—		19,641,178		1,665		19,639,513
Putnam VT George Putnam Balanced Fun - Class IB Sub-Account (P88)		654,110		8,534,201		8,935,149		—		8,935,149		591		8,934,558
Putnam VT Global Asset Allocation Fund - Class IB Sub-Account (P93)		141,299		2,428,465		2,523,603		—		2,523,603		167		2,523,436
Putnam VT Global Health Care Fund - Class IB Sub-Account (P89)		142,262		2,304,382		2,307,491		—		2,307,491		153		2,307,338
Putnam VT Income Fund - Class IB Sub-Account (P95)		115,699		1,074,955		959,145		—		959,145		63		959,082
Putnam VT Research Fund - Class IB Sub-Account (P79)		118,664		3,757,338		4,116,429		—		4,116,429		273		4,116,156
Putnam VT Sustainable Future Fund Class IB Sub-Account (P80)		70,585		962,392		1,043,243		—		1,043,243		69		1,043,174
Putnam VT Sustainable Leaders Fund Class IB Sub-Account (P81)		23,215		840,266		919,321		—		919,321		61		919,260
T. Rowe Price Blue Chip Growth Portfolio II Sub-Account (TBD)		172,110		6,697,526		7,493,675		—		7,493,675		496		7,493,179
T. Rowe Price Equity Income Portfolio II Sub-Account (TBE)		107,100		3,019,542		2,954,879		—		2,954,879		195		2,954,684
T. Rowe Price Health Sciences Portfolio II Sub-Account (TBF)		97,515		5,215,693		5,056,178		—		5,056,178		335		5,055,843
TOPS Aggressive Growth ETF Portfolio Sub-Account (TP1)		135,925		2,556,094		2,753,848		—		2,753,848		182		2,753,666
TOPS Balanced ETF Portfolio Sub-Account (TP2)		134,500		1,847,456		1,922,008		—		1,922,008		127		1,921,881
TOPS Conservative ETF Portfolio Sub-Account (TP3)		232,788		2,955,238		2,961,061		—		2,961,061		196		2,960,865
TOPS Growth ETF Portfolio Sub-Account (TP4)		73,476		1,354,560		1,463,639		—		1,463,639		97		1,463,542
TOPS Moderate Growth ETF Portfolio Sub-Account (TP5)		683,254		9,924,911		10,487,952		—		10,487,952		694		10,487,258
Wanger Select Fund Sub-Account (W41) ¹		—		—		—		—		—		—		—
Wanger Acorn Sub-Account (W42)		15,749		188,257		209,928		—		209,928		20		209,908
Western Asset Variable Core Bond Plus II Sub-Account (W50)		229,899		1,310,364		1,140,301		—		1,140,301		75		1,140,226

¹	This Sub-Account was closed in 2023 due to merger. Refer to Note 1 in the Variable Account’s Notes to the Financial Statements for more information.

²	This Sub-Account had a name change in 2023. Refer to Note 1 in the Variable Account’s Notes to the Financial Statements for more information.

³	This Sub-Account was closed in 2023 due to liquidation. Refer to Note 1 in the Variable Account’s Notes to the Financial Statements for more information.

The accompanying notes are an integral part of these financial statements.

- 12 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Total Units		Applicable to Owners of Deferred Variable Annuity Contracts Value		Reserve for Variable Annuities		Net Assets
AL1		1,753,083	$	27,670,614	$	—	$	27,670,614
AO5		3,674,214		47,265,069		—		47,265,069
A71		69,890		792,522		—		792,522
AM2		259,829		2,838,970		—		2,838,970
A98		2,449,240		19,353,742		51,835		19,405,577
AC4		907,608		12,970,289		—		12,970,289
A19		481,963		3,501,763		—		3,501,763
A74		914,516		15,741,961		36,318		15,778,279
AP0		3,016,531		40,344,254		—		40,344,254
AQ1		1,463,434		18,612,063		—		18,612,063
AQ2		393,591		3,579,432		—		3,579,432
AS3		6,884,918		74,567,315		—		74,567,315
AS6		889,400		10,151,639		—		10,151,639
AQ3		253,072		2,596,299		—		2,596,299
AX1		1,011,153		10,290,052		—		10,290,052
B21		1,082,849		10,911,667		—		10,911,667
B19		296,711		2,991,267		—		2,991,267
B20		166,529		1,806,755		—		1,806,755
B18		14,489,368		274,666,823		576,205		275,243,028
B22		101,672		1,034,465		—		1,034,465
B23		91,451		808,194		—		808,194
L33		264,025		2,609,168		—		2,609,168
L34		58,919		668,054		—		668,054
L35		117,233		1,371,864		—		1,371,864
C71		383		12,468		—		12,468
C59		2,886		76,940		—		76,940
C60		1,656,505		42,824,609		200,632		43,025,241
C89		2,126		53,611		—		53,611
C90		558,446		13,522,895		126,279		13,649,174
C58		236,923		3,162,906		—		3,162,906
C91		528,425		6,537,985		—		6,537,985
C92		1,259,769		13,123,565		—		13,123,565
FD7		3,207,858		86,823,059		192,147		87,015,206
F24		3,045,303		107,761,817		387,262		108,149,079
F88		78,127		1,392,621		—		1,392,621
FB9		359,748		6,942,631		15,292		6,957,923
F15		589,083		12,251,931		—		12,251,931
F41		1,898,337		54,162,894		270,090		54,432,984
FE3		9,125,866		151,826,944		304,368		152,131,312
F17		176,112		1,891,115		—		1,891,115
F18		62,065		627,681		—		627,681
F19		748,251		7,774,077		—		7,774,077
L36		85,209		840,839		—		840,839
T21		918,485		14,129,918		23,888		14,153,806
S23		72,970		546,534		—		546,534

The accompanying notes are an integral part of these financial statements.

- 13 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Total Units		Applicable to Owners of Deferred Variable Annuity Contracts Value		Reserve for Variable Annuities		Net Assets
T20		2,499,454	$	52,403,910	$	172,124	$	52,576,034
FE6		1,006,668		17,785,635		—		17,785,635
S18		202,333		2,005,729		—		2,005,729
T59		218,338		1,853,111		4,067		1,857,178
F56		409,091		10,225,088		48,333		10,273,421
F59		2,055,585		36,801,789		113,267		36,915,056
FF0		1,709,727		18,684,259		—		18,684,259
F54		3,040,585		89,292,866		117,638		89,410,504
FG8		95,257		1,077,220		—		1,077,220
S21		365,272		4,130,834		—		4,130,834
F53		306,209		15,328,654		18,029		15,346,683
FJ9		199,784		2,121,744		—		2,121,744
T28		515,004		7,132,569		21,686		7,154,255
FJ0		5,375		60,317		—		60,317
G03		190,093		2,728,599		—		2,728,599
V35		114,315		3,047,026		4,086		3,051,112
V13		673,014		17,509,449		29,760		17,539,209
AB3		140,646		1,354,997		—		1,354,997
V11		5,122,809		90,030,135		196,027		90,226,162
AC1		86,363		1,468,258		2,138		1,470,396
V17		396,535		3,325,303		—		3,325,303
V19		87,956		969,630		—		969,630
V20		685,426		7,411,406		—		7,411,406
V21		—		—		—		—
MV1		7,784,769		80,142,473		—		80,142,473
MV2		279,775		2,883,506		—		2,883,506
MV3		638,774		6,542,272		—		6,542,272
MV4		122,082		1,301,129		—		1,301,129
J88		3,228,763		32,112,116		—		32,112,116
JF1		—		—		—		—
JF0		—		—		—		—
J94		294,208		12,523,127		—		12,523,127
L11		1,930,479		20,839,841		28,355		20,868,196
L42		36,842		355,060		—		355,060
L16		449,391		4,287,250		—		4,287,250
L18		438,186		14,873,284		25,541		14,898,825
L17		699,255		23,497,710		24,481		23,522,191
L19		168,860		1,632,442		—		1,632,442
M07		13,434,634		231,400,385		3,804,627		235,205,012
M35		12,160,294		198,068,938		1,282,247		199,351,185
M31		2,298,822		134,759,834		2,074,637		136,834,471
M80		526,441		21,314,730		72,255		21,386,985
M10		17,662		191,575		—		191,575
MF1		957,870		18,144,144		158,218		18,302,362
M41		935,859		25,261,457		88,098		25,349,555

The accompanying notes are an integral part of these financial statements.

- 14 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Total Units		Applicable to Owners of Deferred Variable Annuity Contracts Value		Reserve for Variable Annuities		Net Assets
M05		1,775,607	$	35,245,365	$	270,149	$	35,515,514
M42		1,507,837		30,003,970		54,229		30,058,199
M89		27,354,728		290,433,425		383,066		290,816,491
M82		2,800,574		86,199,317		96,132		86,295,449
M44		4,592,558		65,984,982		1,451,013		67,435,995
M40		2,469,252		33,756,108		86,538		33,842,646
M83		7,234,963		160,949,989		1,393,969		162,343,958
M08		3,332,985		76,774,564		373,640		77,148,204
MB6		3,665,833		214,985,326		3,831,158		218,816,484
MB7		873,443		41,946,135		172,807		42,118,942
MC0		1,273,633		29,766,438		307,870		30,074,308
MA0		4,362,277		79,368,137		145,022		79,513,159
MC2		1,739,623		86,406,024		718,669		87,124,693
MC1		1,685,893		46,547,328		79,080		46,626,408
MC3		343,257		9,710,617		58,571		9,769,188
MA1		669,421		10,546,897		6,979		10,553,876
MC4		324,296		4,831,310		53,453		4,884,763
MC5		41,539		491,541		—		491,541
MC6		613,110		38,085,290		437,469		38,522,759
MC7		528,698		8,448,694		3,685		8,452,379
MC8		1,530,936		64,996,646		1,195,930		66,192,576
MC9		106,847		3,203,621		81,046		3,284,667
MD0		826,983		27,023,513		250,113		27,273,626
M92		22,885,875		330,250,664		328,989		330,579,653
M96		2,548,982		45,555,798		606,626		46,162,424
MD2		8,471,324		98,977,458		388,632		99,366,090
MA6		1,022,975		28,989,923		472,814		29,462,737
MA3		951,567		21,960,655		144,721		22,105,376
M97		803,151		26,361,966		290,183		26,652,149
MD5		473,692		10,795,939		82,056		10,877,995
M98		558,725		27,942,447		358,468		28,300,915
M93		2,516,792		55,154,446		153,200		55,307,646
MD6		6,625,157		281,838,178		5,774,177		287,612,355
MB3		611,889		28,121,420		61,593		28,183,013
MD8		3,138,036		34,449,144		587,410		35,036,554
MD9		11,052,713		98,486,049		154,452		98,640,501
ME2		619,159		14,771,847		110,523		14,882,370
ME3		988,881		27,020,839		79,290		27,100,129
MA5		845,645		17,615,605		274,750		17,890,355
MA7		123,372		2,267,245		1,038		2,268,283
ME4		634,362		17,681,067		152,037		17,833,104
MA2		902,749		13,374,917		—		13,374,917
MF3		1,766,555		41,734,180		161,575		41,895,755
MF5		14,409,576		262,561,819		924,418		263,486,237

The accompanying notes are an integral part of these financial statements.

- 15 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Total Units		Applicable to Owners of Deferred Variable Annuity Contracts Value		Reserve for Variable Annuities		Net Assets
MF6		33,782	$	1,122,757	$	844	$	1,123,601
MF7		1,750,353		36,808,190		92,312		36,900,502
MF9		8,393,104		243,189,664		588,785		243,778,449
MG1		7,203,737		76,720,844		118,048		76,838,892
MF2		12,577,002		128,303,054		452,509		128,755,563
MG2		7,498,815		74,682,373		28,028		74,710,401
MG3		571,568		17,813,733		46,556		17,860,289
MG4		623,872		16,312,320		4,144		16,316,464
MG6		37,477,004		906,195,633		591,707		906,787,340
MG7		471,520		9,443,904		20,558		9,464,462
V46		—		—		—		—
V45		—		—		—		—
U43		146,362		1,502,910		—		1,502,910
U41		258,575		2,490,888		—		2,490,888
V44		2,237,645		24,585,970		—		24,585,970
V43		144,005		4,523,964		3,350		4,527,314
O19		252,325		12,021,823		86,001		12,107,824
O23		1,003,083		11,181,876		—		11,181,876
O20		257,480		9,684,921		4,601		9,689,522
O21		2,426,931		102,676,428		384,765		103,061,193
O04		66,782		3,825,663		5,446		3,831,109
PH2		10,360		210,247		—		210,247
P08		787,454		13,593,340		—		13,593,340
PC0		743,945		10,389,109		—		10,389,109
P70		262,378		2,931,834		—		2,931,834
P10		2,297,572		15,836,168		84,817		15,920,985
PK8		167,233		4,831,763		22,497		4,854,260
P20		8,311		98,806		—		98,806
PM5		65,946		632,828		—		632,828
PD6		16,888,794		259,770,694		542,892		260,313,586
P06		1,316,280		21,338,058		24,357		21,362,415
P07		5,729,822		90,071,358		165,353		90,236,711
P68		572,065		5,543,828		—		5,543,828
PI3		—		—		—		—
P72		767,434		19,639,513		—		19,639,513
P88		811,323		8,934,558		—		8,934,558
P93		243,622		2,523,436		—		2,523,436
P89		174,133		2,307,338		—		2,307,338

The accompanying notes are an integral part of these financial statements.

- 16 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Total Units		Applicable to Owners of Deferred Variable Annuity Contracts Value		Reserve for Variable Annuities		Net Assets
P95		101,777	$	959,082	$	—	$	959,082
P79		262,569		4,116,156		—		4,116,156
P80		126,822		1,043,174		—		1,043,174
P81		87,859		919,260		—		919,260
TBD		773,336		7,493,179		—		7,493,179
TBE		269,864		2,954,684		—		2,954,684
TBF		528,352		5,055,843		—		5,055,843
TP1		271,764		2,753,666		—		2,753,666
TP2		194,035		1,921,881		—		1,921,881
TP3		299,702		2,960,865		—		2,960,865
TP4		144,892		1,463,542		—		1,463,542
TP5		1,049,195		10,487,258		—		10,487,258
W41		—		—		—		—
W42		6,869		209,908		—		209,908
W50		120,713		1,140,226		—		1,140,226

The accompanying notes are an integral part of these financial statements.

- 17 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2023


	AL1 Sub-Account			AO5 Sub-Account			A71 Sub-Account
Income:
Dividend income	$	245,254		$	284,126		$	9,093
Expenses:
Mortality and expense risk charges		(331,464	)		(576,931	)		(6,041	)
Distribution and administration charges		(105,748	)		(183,939	)		(2,467	)

Net investment income (loss)		(191,958	)		(476,744	)		585

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(1,480,555	)		(3,424,931	)		(19,069	)
Realized gain distributions		1,405,240			—			57,435

Net realized gains (losses)		(75,315	)		(3,424,931	)		38,366

Net change in unrealized appreciation (depreciation)		3,144,187			9,131,951			30,505

Net realized and change in unrealized gains (losses)		3,068,872			5,707,020			68,871

Net increase (decrease) in net assets from operations	$	2,876,914		$	5,230,276		$	69,456

The accompanying notes are an integral part of these financial statements.

- 18 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	AM2 Sub-Account			A98 Sub-Account			AC4 Sub-Account
Income:
Dividend income	$	—		$	128,464		$	—
Expenses:
Mortality and expense risk charges		(35,621	)		(247,076	)		(93,331	)
Distribution and administration charges		(12,032	)		(81,650	)		(38,072	)

Net investment income (loss)		(47,653	)		(200,262	)		(131,403	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(157,786	)		(100,505	)		(273,222	)
Realized gain distributions		106,149			—			810,651

Net realized gains (losses)		(51,637	)		(100,505	)		537,429

Net change in unrealized appreciation (depreciation)		398,534			2,740,474			2,689,094

Net realized and change in unrealized gains (losses)		346,897			2,639,969			3,226,523

Net increase (decrease) in net assets from operations	$	299,244		$	2,439,707		$	3,095,120

The accompanying notes are an integral part of these financial statements.

- 19 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	A19 Sub-Account			A74 Sub-Account			AP0 Sub-Account
Income:
Dividend income	$	—		$	122,752		$	59,168
Expenses:
Mortality and expense risk charges		(22,938	)		(167,493	)		(283,138	)
Distribution and administration charges		(9,343	)		(59,484	)		(115,444	)

Net investment income (loss)		(32,281	)		(104,225	)		(339,414	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(148,283	)		426,243			(1,350,668	)
Realized gain distributions		—			1,290,592			1,932,411

Net realized gains (losses)		(148,283	)		1,716,835			581,743

Net change in unrealized appreciation (depreciation)		575,183			585,588			9,978,814

Net realized and change in unrealized gains (losses)		426,900			2,302,423			10,560,557

Net increase (decrease) in net assets from operations	$	394,619		$	2,198,198		$	10,221,143

The accompanying notes are an integral part of these financial statements.

- 20 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	AQ1 Sub-Account			AQ2 Sub-Account			AS3 Sub-Account
Income:
Dividend income	$	194,752		$	36,171		$	1,340,529
Expenses:
Mortality and expense risk charges		(130,410	)		(25,807	)		(514,201	)
Distribution and administration charges		(53,187	)		(10,527	)		(209,668	)

Net investment income (loss)		11,155			(163	)		616,660

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(109,498	)		(89,278	)		(406,148	)
Realized gain distributions		812,783			—			2,272,161

Net realized gains (losses)		703,285			(89,278	)		1,866,013

Net change in unrealized appreciation (depreciation)		2,715,812			480,482			5,139,085

Net realized and change in unrealized gains (losses)		3,419,097			391,204			7,005,098

Net increase (decrease) in net assets from operations	$	3,430,252		$	391,041		$	7,621,758

The accompanying notes are an integral part of these financial statements.

- 21 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	AS6 Sub-Account			AQ3 Sub-Account			AX1 Sub-Account
Income:
Dividend income	$	63,016		$	28,939		$	123,542
Expenses:
Mortality and expense risk charges		(72,437	)		(18,333	)		(66,031	)
Distribution and administration charges		(29,552	)		(7,478	)		(26,889	)

Net investment income (loss)		(38,973	)		3,128			30,622

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(279,180	)		(55,458	)		(109,500	)
Realized gain distributions		632,949			—			882,664

Net realized gains (losses)		353,769			(55,458	)		773,164

Net change in unrealized appreciation (depreciation)		1,291,378			339,553			113,272

Net realized and change in unrealized gains (losses)		1,645,147			284,095			886,436

Net increase (decrease) in net assets from operations	$	1,606,174		$	287,223		$	917,058

The accompanying notes are an integral part of these financial statements.

- 22 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	B21 Sub-Account			B19 Sub-Account			B20 Sub-Account
Income:
Dividend income	$	194,471		$	—		$	25,767
Expenses:
Mortality and expense risk charges		(72,337	)		(19,376	)		(11,419	)
Distribution and administration charges		(29,473	)		(7,891	)		(4,649	)

Net investment income (loss)		92,661			(27,267	)		9,699

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(96,337	)		(60,806	)		(13,374	)
Realized gain distributions		—			144,365			83,465

Net realized gains (losses)		(96,337	)		83,559			70,091

Net change in unrealized appreciation (depreciation)		1,125,852			767,170			71,576

Net realized and change in unrealized gains (losses)		1,029,515			850,729			141,667

Net increase (decrease) in net assets from operations	$	1,122,176		$	823,462		$	151,366

The accompanying notes are an integral part of these financial statements.

- 23 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	B18			B22			B23
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	6,670,066		$	—		$	25,855
Expenses:
Mortality and expense risk charges		(3,407,988	)		(6,675	)		(6,151	)
Distribution and administration charges		(1,092,622	)		(2,717	)		(2,510	)

Net investment income (loss)		2,169,456			(9,392	)		17,194

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(7,153,098	)		(77,281	)		(16,663	)
Realized gain distributions		—			16,161			—

Net realized gains (losses)		(7,153,098	)		(61,120	)		(16,663	)

Net change in unrealized appreciation (depreciation)		33,299,342			376,837			27,454

Net realized and change in unrealized gains (losses)		26,146,244			315,717			10,791

Net increase (decrease) in net assets from operations	$	28,315,700		$	306,325		$	27,985

The accompanying notes are an integral part of these financial statements.

- 24 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	L33			L34			L35
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	473		$	4,207		$	25,062
Expenses:
Mortality and expense risk charges		(17,976	)		(3,940	)		(10,011	)
Distribution and administration charges		(7,328	)		(1,603	)		(4,085	)

Net investment income (loss)		(24,831	)		(1,336	)		10,966

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(52,933	)		(2,206	)		(33,968	)
Realized gain distributions		13,613			15,669			180,522

Net realized gains (losses)		(39,320	)		13,463			146,554

Net change in unrealized appreciation (depreciation)		315,965			72,490			(12,033	)

Net realized and change in unrealized gains (losses)		276,645			85,953			134,521

Net increase (decrease) in net assets from operations	$	251,814		$	84,617		$	145,487

The accompanying notes are an integral part of these financial statements.

- 25 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C71			C59			C60
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	51		$	—		$	—
Expenses:
Mortality and expense risk charges		(405	)		(925	)		(542,359	)
Distribution and administration charges		(120	)		(279	)		(184,873	)

Net investment income (loss)		(474	)		(1,204	)		(727,232	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(28,270	)		8,185			9,013,420
Realized gain distributions		875			—			—

Net realized gains (losses)		(27,395	)		8,185			9,013,420

Net change in unrealized appreciation (depreciation)		35,047			18,722			6,447,827

Net realized and change in unrealized gains (losses)		7,652			26,907			15,461,247

Net increase (decrease) in net assets from operations	$	7,178		$	25,703		$	14,734,015

The accompanying notes are an integral part of these financial statements.

- 26 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C89			C90			C58
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	56,489
Expenses:
Mortality and expense risk charges		(550	)		(168,520	)		(40,769	)
Distribution and administration charges		(150	)		(59,608	)		(13,843	)

Net investment income (loss)		(700	)		(228,128	)		1,877

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(22	)		2,479,576			(29,719	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(22	)		2,479,576			(29,719	)

Net change in unrealized appreciation (depreciation)		15,318			2,001,343			434,970

Net realized and change in unrealized gains (losses)		15,296			4,480,919			405,251

Net increase (decrease) in net assets from operations	$	14,596		$	4,252,791		$	407,128

The accompanying notes are an integral part of these financial statements.

- 27 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C91			C92			FD7
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	1,300,273
Expenses:
Mortality and expense risk charges		(50,388	)		(80,389	)		(1,073,132	)
Distribution and administration charges		(20,575	)		(32,726	)		(345,742	)

Net investment income (loss)		(70,963	)		(113,115	)		(118,601	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		9,757			(16,818	)		2,349,997
Realized gain distributions		—			—			3,440,594

Net realized gains (losses)		9,757			(16,818	)		5,790,591

Net change in unrealized appreciation (depreciation)		320,830			1,824,482			9,642,204

Net realized and change in unrealized gains (losses)		330,587			1,807,664			15,432,795

Net increase (decrease) in net assets from operations	$	259,624		$	1,694,549		$	15,314,194

The accompanying notes are an integral part of these financial statements.

- 28 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	F24			F88			FB9
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	260,531		$	51,676		$	240,334
Expenses:
Mortality and expense risk charges		(1,352,831	)		(17,637	)		(91,658	)
Distribution and administration charges		(445,622	)		(6,732	)		(31,512	)

Net investment income (loss)		(1,537,922	)		27,307			117,164

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		6,598,958			(20,787	)		(177,950	)
Realized gain distributions		3,834,688			97,211			145,733

Net realized gains (losses)		10,433,646			76,424			(32,217	)

Net change in unrealized appreciation (depreciation)		20,325,977			(7,244	)		513,656

Net realized and change in unrealized gains (losses)		30,759,623			69,180			481,439

Net increase (decrease) in net assets from operations	$	29,221,701		$	96,487		$	598,603

The accompanying notes are an integral part of these financial statements.

- 29 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	F15			F41			FE3
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	374,508		$	201,200		$	—
Expenses:
Mortality and expense risk charges		(159,428	)		(678,170	)		(1,908,854	)
Distribution and administration charges		(51,868	)		(230,114	)		(612,543	)

Net investment income (loss)		163,212			(707,084	)		(2,521,397	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(176,853	)		896,131			(2,654,366	)
Realized gain distributions		96,203			1,511,348			11,029,445

Net realized gains (losses)		(80,650	)		2,407,479			8,375,079

Net change in unrealized appreciation (depreciation)		1,161,825			4,867,610			6,551,123

Net realized and change in unrealized gains (losses)		1,081,175			7,275,089			14,926,202

Net increase (decrease) in net assets from operations	$	1,244,387		$	6,568,005		$	12,404,805

The accompanying notes are an integral part of these financial statements.

- 30 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	F17			F18			F19
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	15,512		$	3,095		$	160,057
Expenses:
Mortality and expense risk charges		(12,852	)		(3,773	)		(55,340	)
Distribution and administration charges		(5,238	)		(1,535	)		(22,570	)

Net investment income (loss)		(2,578	)		(2,213	)		82,147

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(11,514	)		(13,058	)		(73,586	)
Realized gain distributions		—			—			114,570

Net realized gains (losses)		(11,514	)		(13,058	)		40,984

Net change in unrealized appreciation (depreciation)		136,584			82,626			501,192

Net realized and change in unrealized gains (losses)		125,070			69,568			542,176

Net increase (decrease) in net assets from operations	$	122,492		$	67,355		$	624,323

The accompanying notes are an integral part of these financial statements.

- 31 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	L36			T21			S23
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	16,502		$	289,570		$	7,781
Expenses:
Mortality and expense risk charges		(5,221	)		(179,881	)		(3,619	)
Distribution and administration charges		(2,123	)		(62,850	)		(1,476	)

Net investment income (loss)		9,158			46,839			2,686

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(5,597	)		(396,105	)		(8,551	)
Realized gain distributions		—			10,504			298

Net realized gains (losses)		(5,597	)		(385,601	)		(8,253	)

Net change in unrealized appreciation (depreciation)		68,779			1,800,071			51,771

Net realized and change in unrealized gains (losses)		63,182			1,414,470			43,518

Net increase (decrease) in net assets from operations	$	72,340		$	1,461,309		$	46,204

The accompanying notes are an integral part of these financial statements.

- 32 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	T20			FE6			S18
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,704,934		$	257,143		$	21,239
Expenses:
Mortality and expense risk charges		(673,988	)		(220,666	)		(13,549	)
Distribution and administration charges		(250,622	)		(68,412	)		(5,519	)

Net investment income (loss)		780,324			(31,935	)		2,171

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(773,189	)		(1,267,540	)		(17,714	)
Realized gain distributions		—			298,483			26,364

Net realized gains (losses)		(773,189	)		(969,057	)		8,650

Net change in unrealized appreciation (depreciation)		9,120,068			3,124,111			178,664

Net realized and change in unrealized gains (losses)		8,346,879			2,155,054			187,314

Net increase (decrease) in net assets from operations	$	9,127,203		$	2,123,119		$	189,485

The accompanying notes are an integral part of these financial statements.

- 33 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	T59			F56			F59
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	340,269		$	1,921,742
Expenses:
Mortality and expense risk charges		(24,216	)		(126,771	)		(466,386	)
Distribution and administration charges		(9,898	)		(44,521	)		(154,464	)

Net investment income (loss)		(34,114	)		168,977			1,300,892

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(96,047	)		(268,505	)		(366,458	)
Realized gain distributions		—			—			2,329,766

Net realized gains (losses)		(96,047	)		(268,505	)		1,963,308

Net change in unrealized appreciation (depreciation)		146,650			1,883,612			(837,288	)

Net realized and change in unrealized gains (losses)		50,603			1,615,107			1,126,020

Net increase (decrease) in net assets from operations	$	16,489		$	1,784,084		$	2,426,912

The accompanying notes are an integral part of these financial statements.

- 34 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	FF0			F54			FG8
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	683,933		$	1,639,139		$	16,859
Expenses:
Mortality and expense risk charges		(129,279	)		(1,120,879	)		(7,665	)
Distribution and administration charges		(51,380	)		(368,756	)		(2,944	)

Net investment income (loss)		503,274			149,504			6,250

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(84,033	)		(4,921,911	)		(23,513	)
Realized gain distributions		842,692			7,544,477			82,012

Net realized gains (losses)		758,659			2,622,566			58,499

Net change in unrealized appreciation (depreciation)		(204,695	)		6,978,760			36,372

Net realized and change in unrealized gains (losses)		553,964			9,601,326			94,871

Net increase (decrease) in net assets from operations	$	1,057,238		$	9,750,830		$	101,121

The accompanying notes are an integral part of these financial statements.

- 35 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	S21			F53			FJ9
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	27,045		$	82,376		$	7,051
Expenses:
Mortality and expense risk charges		(27,570	)		(193,125	)		(14,398	)
Distribution and administration charges		(11,237	)		(67,888	)		(5,713	)

Net investment income (loss)		(11,762	)		(178,637	)		(13,060	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(14,881	)		431,469			(18,407	)
Realized gain distributions		334,330			893,041			89,161

Net realized gains (losses)		319,449			1,324,510			70,754

Net change in unrealized appreciation (depreciation)		33,558			434,990			142,714

Net realized and change in unrealized gains (losses)		353,007			1,759,500			213,468

Net increase (decrease) in net assets from operations	$	341,245		$	1,580,863		$	200,408

The accompanying notes are an integral part of these financial statements.

- 36 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	T28			FJ0			G03
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	322,448		$	2,591		$	11,683
Expenses:
Mortality and expense risk charges		(88,482	)		(749	)		(21,464	)
Distribution and administration charges		(32,026	)		(273	)		(8,766	)

Net investment income (loss)		201,940			1,569			(18,547	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(324,249	)		(1,483	)		(72,897	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(324,249	)		(1,483	)		(72,897	)

Net change in unrealized appreciation (depreciation)		576,027			3,486			594,276

Net realized and change in unrealized gains (losses)		251,778			2,003			521,379

Net increase (decrease) in net assets from operations	$	453,718		$	3,572		$	502,832

The accompanying notes are an integral part of these financial statements.

- 37 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	V35			V13			AB3
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	10,985		$	266,614		$	31,663
Expenses:
Mortality and expense risk charges		(39,459	)		(226,123	)		(10,749	)
Distribution and administration charges		(13,977	)		(80,859	)		(4,390	)

Net investment income (loss)		(42,451	)		(40,368	)		16,524

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		266,134			1,290,693			(47,212	)
Realized gain distributions		611,803			1,920,078			—

Net realized gains (losses)		877,937			3,210,771			(47,212	)

Net change in unrealized appreciation (depreciation)		(442,115	)		(1,403,869	)		86,339

Net realized and change in unrealized gains (losses)		435,822			1,806,902			39,127

Net increase (decrease) in net assets from operations	$	393,371		$	1,766,534		$	55,651

The accompanying notes are an integral part of these financial statements.

- 38 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	V11			AC1			V17
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,506,968		$	—		$	—
Expenses:
Mortality and expense risk charges		(975,288	)		(20,217	)		(21,251	)
Distribution and administration charges		(328,010	)		(6,217	)		(8,655	)

Net investment income (loss)		203,670			(26,434	)		(29,906	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(1,785,920	)		(84,414	)		(139,896	)
Realized gain distributions		4,575,113			1,103			—

Net realized gains (losses)		2,789,193			(83,311	)		(139,896	)

Net change in unrealized appreciation (depreciation)		4,322,274			348,005			463,459

Net realized and change in unrealized gains (losses)		7,111,467			264,694			323,563

Net increase (decrease) in net assets from operations	$	7,315,137		$	238,260		$	293,657

The accompanying notes are an integral part of these financial statements.

- 39 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	V19			V20			MV1
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	16,273		$	81,594		$	1,192,795
Expenses:
Mortality and expense risk charges		(6,637	)		(51,395	)		(508,088	)
Distribution and administration charges		(2,705	)		(20,950	)		(206,931	)

Net investment income (loss)		6,931			9,249			477,776

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(19,353	)		(32,421	)		(116,845	)
Realized gain distributions		77,293			524,439			—

Net realized gains (losses)		57,940			492,018			(116,845	)

Net change in unrealized appreciation (depreciation)		7,066			230,604			7,664,403

Net realized and change in unrealized gains (losses)		65,006			722,622			7,547,558

Net increase (decrease) in net assets from operations	$	71,937		$	731,871		$	8,025,334

The accompanying notes are an integral part of these financial statements.

- 40 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MV2			MV3			MV4
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	2,462		$	—		$	10,785
Expenses:
Mortality and expense risk charges		(17,857	)		(40,047	)		(8,910	)
Distribution and administration charges		(7,270	)		(16,298	)		(3,631	)

Net investment income (loss)		(22,665	)		(56,345	)		(1,756	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(47,235	)		(199,926	)		(9,305	)
Realized gain distributions		160,033			—			28,945

Net realized gains (losses)		112,798			(199,926	)		19,640

Net change in unrealized appreciation (depreciation)		251,686			2,124,482			90,141

Net realized and change in unrealized gains (losses)		364,484			1,924,556			109,781

Net increase (decrease) in net assets from operations	$	341,819		$	1,868,211		$	108,025

The accompanying notes are an integral part of these financial statements.

- 41 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	J88			JF1			JF0
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,005,482		$	—		$	—
Expenses:
Mortality and expense risk charges		(381,211	)		(1,907	)		(2,266	)
Distribution and administration charges		(116,948	)		(792	)		(942	)

Net investment income (loss)		507,323			(2,699	)		(3,208	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(682,505	)		(22,547	)		(91,174	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(682,505	)		(22,547	)		(91,174	)

Net change in unrealized appreciation (depreciation)		1,373,720			63,139			127,012

Net realized and change in unrealized gains (losses)		691,215			40,592			35,838

Net increase (decrease) in net assets from operations	$	1,198,538		$	37,893		$	32,630

The accompanying notes are an integral part of these financial statements.

- 42 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	J94			L11			L42
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	142,467		$	970,314		$	—
Expenses:
Mortality and expense risk charges		(142,369	)		(258,108	)		(2,838	)
Distribution and administration charges		(45,055	)		(86,925	)		(1,158	)

Net investment income (loss)		(44,957	)		625,281			(3,996	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		365,680			(336,836	)		(5,672	)
Realized gain distributions		560,791			—			18,221

Net realized gains (losses)		926,471			(336,836	)		12,549

Net change in unrealized appreciation (depreciation)		1,675,372			3,612,044			21,721

Net realized and change in unrealized gains (losses)		2,601,843			3,275,208			34,270

Net increase (decrease) in net assets from operations	$	2,556,886		$	3,900,489		$	30,274

The accompanying notes are an integral part of these financial statements.

- 43 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	L16			L18			L17
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	213,891		$	—		$	132,187
Expenses:
Mortality and expense risk charges		(31,892	)		(188,283	)		(301,719	)
Distribution and administration charges		(13,013	)		(68,799	)		(103,999	)

Net investment income (loss)		168,986			(257,082	)		(273,531	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(54,405	)		(1,168,030	)		(50,862	)
Realized gain distributions		—			—			671,472

Net realized gains (losses)		(54,405	)		(1,168,030	)		620,610

Net change in unrealized appreciation (depreciation)		83,140			2,700,330			2,494,209

Net realized and change in unrealized gains (losses)		28,735			1,532,300			3,114,819

Net increase (decrease) in net assets from operations	$	197,721		$	1,275,218		$	2,841,288

The accompanying notes are an integral part of these financial statements.

- 44 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	L19			M07			M35
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	73,319		$	4,793,189		$	3,672,607
Expenses:
Mortality and expense risk charges		(12,705	)		(2,865,557	)		(2,476,109	)
Distribution and administration charges		(5,186	)		(423,038	)		(826,796	)

Net investment income (loss)		55,428			1,504,594			369,702

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(12,091	)		(567,098	)		(1,064,236	)
Realized gain distributions		—			9,982,822			8,765,699

Net realized gains (losses)		(12,091	)		9,415,724			7,701,463

Net change in unrealized appreciation (depreciation)		11,628			9,109,391			8,002,742

Net realized and change in unrealized gains (losses)		(463	)		18,525,115			15,704,205

Net increase (decrease) in net assets from operations	$	54,965		$	20,029,709		$	16,073,907

The accompanying notes are an integral part of these financial statements.

- 45 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M31			M80			M10
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	761
Expenses:
Mortality and expense risk charges		(1,550,651	)		(228,617	)		(1,313	)
Distribution and administration charges		(250,931	)		(82,148	)		(535	)

Net investment income (loss)		(1,801,582	)		(310,765	)		(1,087	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		5,504,756			(267,220	)		(917	)
Realized gain distributions		9,855,384			1,620,082			9,270

Net realized gains (losses)		15,360,140			1,352,862			8,353

Net change in unrealized appreciation (depreciation)		23,118,631			4,474,225			17,960

Net realized and change in unrealized gains (losses)		38,478,771			5,827,087			26,313

Net increase (decrease) in net assets from operations	$	36,677,189		$	5,516,322		$	25,226

The accompanying notes are an integral part of these financial statements.

- 46 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MF1			M41			M05
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	—
Expenses:
Mortality and expense risk charges		(209,752	)		(284,893	)		(421,608	)
Distribution and administration charges		(43,962	)		(102,329	)		(85,809	)

Net investment income (loss)		(253,714	)		(387,222	)		(507,417	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(643,485	)		(1,313,875	)		(3,343,579	)
Realized gain distributions		236,271			377,467			—

Net realized gains (losses)		(407,214	)		(936,408	)		(3,343,579	)

Net change in unrealized appreciation (depreciation)		3,811,072			5,579,283			8,052,943

Net realized and change in unrealized gains (losses)		3,403,858			4,642,875			4,709,364

Net increase (decrease) in net assets from operations	$	3,150,144		$	4,255,653		$	4,201,947

The accompanying notes are an integral part of these financial statements.

- 47 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M42			M89			M82
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	8,736,957		$	212,179
Expenses:
Mortality and expense risk charges		(344,315	)		(3,558,998	)		(1,085,761	)
Distribution and administration charges		(126,757	)		(1,124,999	)		(357,034	)

Net investment income (loss)		(471,072	)		4,052,960			(1,230,616	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(4,360,331	)		(8,427,640	)		1,444,157
Realized gain distributions		—			—			4,725,775

Net realized gains (losses)		(4,360,331	)		(8,427,640	)		6,169,932

Net change in unrealized appreciation (depreciation)		8,287,767			19,642,012			10,895,518

Net realized and change in unrealized gains (losses)		3,927,436			11,214,372			17,065,450

Net increase (decrease) in net assets from operations	$	3,456,364		$	15,267,332		$	15,834,834

The accompanying notes are an integral part of these financial statements.

- 48 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M44			M40			M83
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	2,543,207		$	1,118,770		$	2,655,007
Expenses:
Mortality and expense risk charges		(884,573	)		(407,768	)		(2,013,571	)
Distribution and administration charges		(154,903	)		(144,996	)		(574,311	)

Net investment income (loss)		1,503,731			566,006			67,125

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		1,758,768			656,473			2,859,875
Realized gain distributions		3,935,228			1,876,577			11,159,751

Net realized gains (losses)		5,693,996			2,533,050			14,019,626

Net change in unrealized appreciation (depreciation)		(10,142,733	)		(4,511,523	)		(4,429,401	)

Net realized and change in unrealized gains (losses)		(4,448,737	)		(1,978,473	)		9,590,225

Net increase (decrease) in net assets from operations	$	(2,945,006	)	$	(1,412,467	)	$	9,657,350

The accompanying notes are an integral part of these financial statements.

- 49 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M08			MB6			MB7
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,082,065		$	2,940,528		$	453,269
Expenses:
Mortality and expense risk charges		(945,704	)		(2,579,295	)		(522,592	)
Distribution and administration charges		(331,002	)		(404,374	)		(193,356	)

Net investment income (loss)		(194,641	)		(43,141	)		(262,679	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		902,407			4,183,741			205,763
Realized gain distributions		5,423,899			16,522,764			3,364,040

Net realized gains (losses)		6,326,306			20,706,505			3,569,803

Net change in unrealized appreciation (depreciation)		(1,774,128	)		29,193,851			6,586,189

Net realized and change in unrealized gains (losses)		4,552,178			49,900,356			10,155,992

Net increase (decrease) in net assets from operations	$	4,357,537		$	49,857,215		$	9,893,313

The accompanying notes are an integral part of these financial statements.

- 50 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MC0			MA0			MC2
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,187,229		$	2,932,036		$	447,297
Expenses:
Mortality and expense risk charges		(369,520	)		(970,478	)		(1,023,304	)
Distribution and administration charges		(69,458	)		(307,869	)		(187,575	)

Net investment income (loss)		748,251			1,653,689			(763,582	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(1,446,003	)		(3,420,553	)		2,049,780
Realized gain distributions		—			—			3,989,623

Net realized gains (losses)		(1,446,003	)		(3,420,553	)		6,039,403

Net change in unrealized appreciation (depreciation)		2,894,199			7,136,597			11,047,125

Net realized and change in unrealized gains (losses)		1,448,196			3,716,044			17,086,528

Net increase (decrease) in net assets from operations	$	2,196,447		$	5,369,733		$	16,322,946

The accompanying notes are an integral part of these financial statements.

- 51 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MC1			MC3			MA1
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	145,129		$	145,306		$	120,403
Expenses:
Mortality and expense risk charges		(510,651	)		(121,172	)		(129,771	)
Distribution and administration charges		(192,035	)		(24,424	)		(44,783	)

Net investment income (loss)		(557,557	)		(290	)		(54,151	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		413,244			(422,595	)		(656,426	)
Realized gain distributions		2,192,253			—			—

Net realized gains (losses)		2,605,497			(422,595	)		(656,426	)

Net change in unrealized appreciation (depreciation)		6,509,021			1,311,120			1,653,745

Net realized and change in unrealized gains (losses)		9,114,518			888,525			997,319

Net increase (decrease) in net assets from operations	$	8,556,961		$	888,235		$	943,168

The accompanying notes are an integral part of these financial statements.

- 52 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MC4			MC5			MC6
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	53,818
Expenses:
Mortality and expense risk charges		(61,825	)		(6,085	)		(467,973	)
Distribution and administration charges		(11,440	)		(2,235	)		(69,128	)

Net investment income (loss)		(73,265	)		(8,320	)		(483,283	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(208,143	)		(18,633	)		1,189,615
Realized gain distributions		—			—			1,832,613

Net realized gains (losses)		(208,143	)		(18,633	)		3,022,228

Net change in unrealized appreciation (depreciation)		326,066			28,789			4,153,774

Net realized and change in unrealized gains (losses)		117,923			10,156			7,176,002

Net increase (decrease) in net assets from operations	$	44,658		$	1,836		$	6,692,719

The accompanying notes are an integral part of these financial statements.

- 53 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MC7			MC8			MC9
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	609,191		$	21,131
Expenses:
Mortality and expense risk charges		(68,086	)		(796,231	)		(38,627	)
Distribution and administration charges		(28,467	)		(115,166	)		(11,986	)

Net investment income (loss)		(96,553	)		(302,206	)		(29,482	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(83,080	)		4,026,933			62,527
Realized gain distributions		346,168			3,343,938			166,395

Net realized gains (losses)		263,088			7,370,871			228,922

Net change in unrealized appreciation (depreciation)		1,094,143			3,437,806			313,045

Net realized and change in unrealized gains (losses)		1,357,231			10,808,677			541,967

Net increase (decrease) in net assets from operations	$	1,260,678		$	10,506,471		$	512,485

The accompanying notes are an integral part of these financial statements.

- 54 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MD0			M92			M96
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	116,062		$	493,203		$	698,096
Expenses:
Mortality and expense risk charges		(336,429	)		(4,068,351	)		(572,189	)
Distribution and administration charges		(53,393	)		(1,282,621	)		(96,905	)

Net investment income (loss)		(273,760	)		(4,857,769	)		29,002

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(787,028	)		(12,051,612	)		(1,746,257	)
Realized gain distributions		1,011,664			12,779,864			—

Net realized gains (losses)		224,636			728,252			(1,746,257	)

Net change in unrealized appreciation (depreciation)		2,151,830			28,692,355			2,929,778

Net realized and change in unrealized gains (losses)		2,376,466			29,420,607			1,183,521

Net increase (decrease) in net assets from operations	$	2,102,706		$	24,562,838		$	1,212,523

The accompanying notes are an integral part of these financial statements.

- 55 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MD2			MA6			MA3
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,209,487		$	1,732,422		$	1,239,898
Expenses:
Mortality and expense risk charges		(1,220,333	)		(365,364	)		(279,801	)
Distribution and administration charges		(410,884	)		(62,845	)		(102,529	)

Net investment income (loss)		(421,730	)		1,304,213			857,568

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(2,815,747	)		(981,444	)		(887,132	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(2,815,747	)		(981,444	)		(887,132	)

Net change in unrealized appreciation (depreciation)		5,367,660			2,710,019			2,278,786

Net realized and change in unrealized gains (losses)		2,551,913			1,728,575			1,391,654

Net increase (decrease) in net assets from operations	$	2,130,183		$	3,032,788		$	2,249,222

The accompanying notes are an integral part of these financial statements.

- 56 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M97			MD5			M98
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	284,165		$	94,756		$	200,893
Expenses:
Mortality and expense risk charges		(318,562	)		(135,079	)		(344,768	)
Distribution and administration charges		(63,176	)		(46,815	)		(59,486	)

Net investment income (loss)		(97,573	)		(87,138	)		(203,361	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		279,750			70,500			1,128,331
Realized gain distributions		810,353			332,407			2,087,485

Net realized gains (losses)		1,090,103			402,907			3,215,816

Net change in unrealized appreciation (depreciation)		2,209,794			1,006,119			1,179,426

Net realized and change in unrealized gains (losses)		3,299,897			1,409,026			4,395,242

Net increase (decrease) in net assets from operations	$	3,202,324		$	1,321,888		$	4,191,881

The accompanying notes are an integral part of these financial statements.

- 57 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M93			MD6			MB3
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	257,657		$	813,424		$	13,384
Expenses:
Mortality and expense risk charges		(709,756	)		(3,385,077	)		(332,192	)
Distribution and administration charges		(246,694	)		(526,754	)		(129,574	)

Net investment income (loss)		(698,793	)		(3,098,407	)		(448,382	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		2,273,448			9,611,155			824,724
Realized gain distributions		4,124,906			14,072,533			1,446,911

Net realized gains (losses)		6,398,354			23,683,688			2,271,635

Net change in unrealized appreciation (depreciation)		2,419,238			35,049,914			3,638,807

Net realized and change in unrealized gains (losses)		8,817,592			58,733,602			5,910,442

Net increase (decrease) in net assets from operations	$	8,118,799		$	55,635,195		$	5,462,060

The accompanying notes are an integral part of these financial statements.

- 58 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MD8			MD9			ME2
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	1,567,834		$	4,345,063		$	157,674
Expenses:
Mortality and expense risk charges		(426,727	)		(1,181,532	)		(177,290	)
Distribution and administration charges		(67,405	)		(399,067	)		(38,222	)

Net investment income (loss)		1,073,702			2,764,464			(57,838	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		—			—			223,057
Realized gain distributions		—			—			—

Net realized gains (losses)		—			—			223,057

Net change in unrealized appreciation (depreciation)		—			—			1,455,074

Net realized and change in unrealized gains (losses)		—			—			1,678,131

Net increase (decrease) in net assets from operations	$	1,073,702		$	2,764,464		$	1,620,293

The accompanying notes are an integral part of these financial statements.

- 59 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	ME3			MA5			MA7
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	212,978		$	643,180		$	78,637
Expenses:
Mortality and expense risk charges		(341,760	)		(216,455	)		(27,020	)
Distribution and administration charges		(121,185	)		(39,240	)		(9,204	)

Net investment income (loss)		(249,967	)		387,485			42,413

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		574,989			(650,270	)		(60,581	)
Realized gain distributions		—			—			—

Net realized gains (losses)		574,989			(650,270	)		(60,581	)

Net change in unrealized appreciation (depreciation)		2,509,033			1,306,422			143,676

Net realized and change in unrealized gains (losses)		3,084,022			656,152			83,095

Net increase (decrease) in net assets from operations	$	2,834,055		$	1,043,637		$	125,508

The accompanying notes are an integral part of these financial statements.

- 60 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	ME4			MA2			MF3
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	214,785
Expenses:
Mortality and expense risk charges		(181,371	)		(100,789	)		(491,056	)
Distribution and administration charges		(39,651	)		(40,220	)		(169,759	)

Net investment income (loss)		(221,022	)		(141,009	)		(446,030	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		862,765			(547,494	)		(1,454,155	)
Realized gain distributions		—			—			1,417,274

Net realized gains (losses)		862,765			(547,494	)		(36,881	)

Net change in unrealized appreciation (depreciation)		5,617,511			5,385,450			6,701,877

Net realized and change in unrealized gains (losses)		6,480,276			4,837,956			6,664,996

Net increase (decrease) in net assets from operations	$	6,259,254		$	4,696,947		$	6,218,966

The accompanying notes are an integral part of these financial statements.

- 61 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MF5			MF6			MF7
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	7,157,660		$	9,223		$	165,833
Expenses:
Mortality and expense risk charges		(3,330,714	)		(13,243	)		(448,583	)
Distribution and administration charges		(1,090,484	)		(5,426	)		(160,484	)

Net investment income (loss)		2,736,462			(9,446	)		(443,234	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(11,366,114	)		(15,283	)		(314,733	)
Realized gain distributions		11,603,026			75,093			2,110,812

Net realized gains (losses)		236,912			59,810			1,796,079

Net change in unrealized appreciation (depreciation)		18,200,263			49,777			1,868,918

Net realized and change in unrealized gains (losses)		18,437,175			109,587			3,664,997

Net increase (decrease) in net assets from operations	$	21,173,637		$	100,141		$	3,221,763

The accompanying notes are an integral part of these financial statements.

- 62 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MF9			MG1			MF2
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	5,474,850		$	2,189,516		$	2,073,906
Expenses:
Mortality and expense risk charges		(2,986,617	)		(959,553	)		(1,664,347	)
Distribution and administration charges		(970,651	)		(310,524	)		(590,615	)

Net investment income (loss)		1,517,582			919,439			(181,056	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(6,609,945	)		(3,859,870	)		(1,211,410	)
Realized gain distributions		20,837,632			—			—

Net realized gains (losses)		14,227,687			(3,859,870	)		(1,211,410	)

Net change in unrealized appreciation (depreciation)		13,928,740			3,506,530			6,842,343

Net realized and change in unrealized gains (losses)		28,156,427			(353,340	)		5,630,933

Net increase (decrease) in net assets from operations	$	29,674,009		$	566,099		$	5,449,877

The accompanying notes are an integral part of these financial statements.

- 63 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MG2			MG3			MG4
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	994,951		$	313,490		$	244,856
Expenses:
Mortality and expense risk charges		(957,266	)		(228,081	)		(200,390	)
Distribution and administration charges		(310,641	)		(86,557	)		(64,384	)

Net investment income (loss)		(272,956	)		(1,148	)		(19,918	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(866,305	)		334,134			618,634
Realized gain distributions		—			594,535			544,495

Net realized gains (losses)		(866,305	)		928,669			1,163,129

Net change in unrealized appreciation (depreciation)		4,168,682			907,915			535,473

Net realized and change in unrealized gains (losses)		3,302,377			1,836,584			1,698,602

Net increase (decrease) in net assets from operations	$	3,029,421		$	1,835,436		$	1,678,684

The accompanying notes are an integral part of these financial statements.

- 64 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	MG6			MG7			V46
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	21,952,605		$	83,050		$	6,646
Expenses:
Mortality and expense risk charges		(11,176,413	)		(98,422	)		(851	)
Distribution and administration charges		(3,602,604	)		(35,581	)		(352	)

Net investment income (loss)		7,173,588			(50,953	)		5,443

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(27,291,962	)		78,089			(22,016	)
Realized gain distributions		57,912,241			757,016			—

Net realized gains (losses)		30,620,279			835,105			(22,016	)

Net change in unrealized appreciation (depreciation)		55,016,937			82,559			19,475

Net realized and change in unrealized gains (losses)		85,637,216			917,664			(2,541	)

Net increase (decrease) in net assets from operations	$	92,810,804		$	866,711		$	2,902

The accompanying notes are an integral part of these financial statements.

- 65 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	V45			U43			U41
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	13,041		$	30,445		$	32,900
Expenses:
Mortality and expense risk charges		(13,723	)		(11,535	)		(17,840	)
Distribution and administration charges		(5,659	)		(4,710	)		(7,278	)

Net investment income (loss)		(6,341	)		14,200			7,782

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(311,958	)		(32,870	)		(24,916	)
Realized gain distributions		136,893			189,115			—

Net realized gains (losses)		(175,065	)		156,245			(24,916	)

Net change in unrealized appreciation (depreciation)		410,308			(125,055	)		273,490

Net realized and change in unrealized gains (losses)		235,243			31,190			248,574

Net increase (decrease) in net assets from operations	$	228,902		$	45,390		$	256,356

The accompanying notes are an integral part of these financial statements.

- 66 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	V44			V43			O19
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	—
Expenses:
Mortality and expense risk charges		(208,584	)		(56,903	)		(142,873	)
Distribution and administration charges		(76,683	)		(19,383	)		(56,018	)

Net investment income (loss)		(285,267	)		(76,286	)		(198,891	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(14,562,634	)		(3,896,467	)		(1,078,478	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(14,562,634	)		(3,896,467	)		(1,078,478	)

Net change in unrealized appreciation (depreciation)		22,984,892			5,582,082			4,579,466

Net realized and change in unrealized gains (losses)		8,422,258			1,685,615			3,500,988

Net increase (decrease) in net assets from operations	$	8,136,991		$	1,609,329		$	3,302,097

The accompanying notes are an integral part of these financial statements.

- 67 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	O23			O20			O21
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	184,347		$	—		$	486,624
Expenses:
Mortality and expense risk charges		(113,409	)		(118,382	)		(1,325,875	)
Distribution and administration charges		(38,635	)		(41,084	)		(484,222	)

Net investment income (loss)		32,303			(159,466	)		(1,323,473	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(147,732	)		(290,093	)		(16,487,965	)
Realized gain distributions		—			1,086,797			6,947,991

Net realized gains (losses)		(147,732	)		796,704			(9,539,974	)

Net change in unrealized appreciation (depreciation)		1,123,947			2,072,242			30,779,557

Net realized and change in unrealized gains (losses)		976,215			2,868,946			21,239,583

Net increase (decrease) in net assets from operations	$	1,008,518		$	2,709,480		$	19,916,110

The accompanying notes are an integral part of these financial statements.

- 68 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	O04			PH2			P08
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	33,731		$	5,731		$	400,786
Expenses:
Mortality and expense risk charges		(44,636	)		(2,722	)		(169,317	)
Distribution and administration charges		(18,520	)		(721	)		(58,292	)

Net investment income (loss)		(29,425	)		2,288			173,177

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		26,489			(7,826	)		(497,124	)
Realized gain distributions		—			—			—

Net realized gains (losses)		26,489			(7,826	)		(497,124	)

Net change in unrealized appreciation (depreciation)		549,850			45,905			1,144,910

Net realized and change in unrealized gains (losses)		576,339			38,079			647,786

Net increase (decrease) in net assets from operations	$	546,914		$	40,367		$	820,963

The accompanying notes are an integral part of these financial statements.

- 69 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	PC0			P70			P10
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	296,116		$	459,083		$	2,583,713
Expenses:
Mortality and expense risk charges		(125,232	)		(25,692	)		(201,551	)
Distribution and administration charges		(40,440	)		(10,428	)		(67,866	)

Net investment income (loss)		130,444			422,963			2,314,296

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(306,276	)		(151,255	)		293,478
Realized gain distributions		—			—			—

Net realized gains (losses)		(306,276	)		(151,255	)		293,478

Net change in unrealized appreciation (depreciation)		816,361			(546,822	)		(4,118,926	)

Net realized and change in unrealized gains (losses)		510,085			(698,077	)		(3,825,448	)

Net increase (decrease) in net assets from operations	$	640,529		$	(275,114	)	$	(1,511,152	)

The accompanying notes are an integral part of these financial statements.

- 70 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	PK8			P20			PM5
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	280,285		$	5,506		$	14,737
Expenses:
Mortality and expense risk charges		(61,304	)		(1,164	)		(5,065	)
Distribution and administration charges		(22,784	)		(385	)		(2,069	)

Net investment income (loss)		196,197			3,957			7,603

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(268,485	)		(4,348	)		(11,028	)
Realized gain distributions		—			—			15,760

Net realized gains (losses)		(268,485	)		(4,348	)		4,732

Net change in unrealized appreciation (depreciation)		498,591			9,108			32,049

Net realized and change in unrealized gains (losses)		230,106			4,760			36,781

Net increase (decrease) in net assets from operations	$	426,303		$	8,717		$	44,384

The accompanying notes are an integral part of these financial statements.

- 71 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	PD6			P06			P07
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	5,543,374		$	654,958		$	3,232,574
Expenses:
Mortality and expense risk charges		(3,224,715	)		(278,830	)		(1,154,170	)
Distribution and administration charges		(1,021,056	)		(95,114	)		(398,010	)

Net investment income (loss)		1,297,603			281,014			1,680,394

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(13,525,912	)		(292,889	)		(3,111,268	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(13,525,912	)		(292,889	)		(3,111,268	)

Net change in unrealized appreciation (depreciation)		39,771,171			407,809			5,044,683

Net realized and change in unrealized gains (losses)		26,245,259			114,920			1,933,415

Net increase (decrease) in net assets from operations	$	27,542,862		$	395,934		$	3,613,809

The accompanying notes are an integral part of these financial statements.

- 72 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	P68			PI3			P72
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	179,277		$	644,714		$	369,744
Expenses:
Mortality and expense risk charges		(44,255	)		(36,553	)		(212,627	)
Distribution and administration charges		(18,077	)		(11,986	)		(70,578	)

Net investment income (loss)		116,945			596,175			86,539

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(63,685	)		(987,610	)		453,098
Realized gain distributions		—			—			1,036,452

Net realized gains (losses)		(63,685	)		(987,610	)		1,489,550

Net change in unrealized appreciation (depreciation)		178,447			490,681			866,374

Net realized and change in unrealized gains (losses)		114,762			(496,929	)		2,355,924

Net increase (decrease) in net assets from operations	$	231,707		$	99,246		$	2,442,463

The accompanying notes are an integral part of these financial statements.

- 73 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	P88			P93			P89
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	70,090		$	25,138		$	5,406
Expenses:
Mortality and expense risk charges		(55,740	)		(16,641	)		(16,975	)
Distribution and administration charges		(22,702	)		(6,780	)		(6,927	)

Net investment income (loss)		(8,352	)		1,717			(18,496	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(89,184	)		(30,053	)		(13,180	)
Realized gain distributions		—			—			143,025

Net realized gains (losses)		(89,184	)		(30,053	)		129,845

Net change in unrealized appreciation (depreciation)		1,230,697			319,261			58,876

Net realized and change in unrealized gains (losses)		1,141,513			289,208			188,721

Net increase (decrease) in net assets from operations	$	1,133,161		$	290,925		$	170,225

The accompanying notes are an integral part of these financial statements.

- 74 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	P95			P79			P80
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	49,199		$	29,097		$	—
Expenses:
Mortality and expense risk charges		(7,512	)		(31,411	)		(6,828	)
Distribution and administration charges		(3,069	)		(12,823	)		(2,781	)

Net investment income (loss)		38,618			(15,137	)		(9,609	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(23,832	)		(6,829	)		(36,430	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(23,832	)		(6,829	)		(36,430	)

Net change in unrealized appreciation (depreciation)		15,327			905,894			242,184

Net realized and change in unrealized gains (losses)		(8,505	)		899,065			205,754

Net increase (decrease) in net assets from operations	$	30,113		$	883,928		$	196,145

The accompanying notes are an integral part of these financial statements.

- 75 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	P81			TBD			TBE
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	2,531		$	—		$	48,330
Expenses:
Mortality and expense risk charges		(5,026	)		(49,865	)		(21,051	)
Distribution and administration charges		(2,042	)		(20,315	)		(8,585	)

Net investment income (loss)		(4,537	)		(70,180	)		18,694

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(4,085	)		(206,628	)		(32,121	)
Realized gain distributions		15,514			—			120,693

Net realized gains (losses)		11,429			(206,628	)		88,572

Net change in unrealized appreciation (depreciation)		127,564			2,411,775			109,525

Net realized and change in unrealized gains (losses)		138,993			2,205,147			198,097

Net increase (decrease) in net assets from operations	$	134,456		$	2,134,967		$	216,791

The accompanying notes are an integral part of these financial statements.

- 76 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	TBF			TP1			TP2
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	20,418		$	27,925
Expenses:
Mortality and expense risk charges		(33,747	)		(17,278	)		(14,214	)
Distribution and administration charges		(13,755	)		(7,032	)		(5,796	)

Net investment income (loss)		(47,502	)		(3,892	)		7,915

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(21,401	)		(13,165	)		(22,640	)
Realized gain distributions		186,194			11,773			22,842

Net realized gains (losses)		164,793			(1,392	)		202

Net change in unrealized appreciation (depreciation)		142			307,269			138,541

Net realized and change in unrealized gains (losses)		164,935			305,877			138,743

Net increase (decrease) in net assets from operations	$	117,433		$	301,985		$	146,658

The accompanying notes are an integral part of these financial statements.

- 77 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	TP3			TP4			TP5
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	49,014		$	13,581		$	135,747
Expenses:
Mortality and expense risk charges		(21,468	)		(8,572	)		(74,401	)
Distribution and administration charges		(8,759	)		(3,487	)		(30,320	)

Net investment income (loss)		18,787			1,522			31,026

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(10,138	)		(9,559	)		(88,522	)
Realized gain distributions		67,381			12,983			115,198

Net realized gains (losses)		57,243			3,424			26,676

Net change in unrealized appreciation (depreciation)		110,455			140,302			987,703

Net realized and change in unrealized gains (losses)		167,698			143,726			1,014,379

Net increase (decrease) in net assets from operations	$	186,485		$	145,248		$	1,045,405

The accompanying notes are an integral part of these financial statements.

- 78 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	W41			W42			W50
	Sub-Account			Sub-Account			Sub-Account
Income:
Dividend income	$	—		$	—		$	38,557
Expenses:
Mortality and expense risk charges		(752	)		(1,994	)		(8,913	)
Distribution and administration charges		(234	)		(594	)		(3,641	)

Net investment income (loss)		(986	)		(2,588	)		26,003

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(102,498	)		(17,057	)		(28,147	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(102,498	)		(17,057	)		(28,147	)

Net change in unrealized appreciation (depreciation)		119,443			42,516			54,915

Net realized and change in unrealized gains (losses)		16,945			25,459			26,768

Net increase (decrease) in net assets from operations	$	15,959		$	22,871		$	52,771

The accompanying notes are an integral part of these financial statements.

- 79 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AL1 Sub-Account						AO5 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(191,958	)	$	469,443		$	(476,744	)	$	510,992
Net realized gains (losses)		(75,315	)		2,496,614			(3,424,931	)		16,911,101
Net change in unrealized appreciation/(depreciation)		3,144,187			(10,485,237	)		9,131,951			(30,283,861	)

Increase (decrease) in net assets from operations		2,876,914			(7,519,180	)		5,230,276			(12,861,768	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		747,537			1,066,115			365,747			432,917
Transfers between Sub-Accounts (including the Fixed Account), net		(327,671	)		875,483			87,723			1,883,991
Withdrawals, surrenders, annuitizations and contract charges		(3,804,528	)		(3,900,121	)		(6,784,061	)		(7,676,266	)

Net accumulation activity		(3,384,662	)		(1,958,523	)		(6,330,591	)		(5,359,358	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(3,384,662	)		(1,958,523	)		(6,330,591	)		(5,359,358	)

Total increase (decrease) in net assets		(507,748	)		(9,477,703	)		(1,100,315	)		(18,221,126	)
Net assets at beginning of year		28,178,362			37,656,065			48,365,384			66,586,510

Net assets at end of year	$	27,670,614		$	28,178,362		$	47,265,069		$	48,365,384

The accompanying notes are an integral part of these financial statements.

- 80 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	A71 Sub-Account						AM2 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	585		$	23		$	(47,653	)	$	(54,472	)
Net realized gains (losses)		38,366			82,683			(51,637	)		542,354
Net change in unrealized appreciation/(depreciation)		30,505			(105,356	)		398,534			(1,701,476	)

Increase (decrease) in net assets from operations		69,456			(22,650	)		299,244			(1,213,594	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		104,877			281,850			52,658			42,428
Transfers between Sub-Accounts (including the Fixed Account), net		(6,429	)		37,473			(22,215	)		254,698
Withdrawals, surrenders, annuitizations and contract charges		(12,013	)		(28,031	)		(497,841	)		(295,499	)

Net accumulation activity		86,435			291,292			(467,398	)		1,627

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		86,435			291,292			(467,398	)		1,627

Total increase (decrease) in net assets		155,891			268,642			(168,154	)		(1,211,967	)
Net assets at beginning of year		636,631			367,989			3,007,124			4,219,091

Net assets at end of year	$	792,522		$	636,631		$	2,838,970		$	3,007,124

The accompanying notes are an integral part of these financial statements.

- 81 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	A98 Sub-Account						AC4 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(200,262	)	$	532,633		$	(131,403	)	$	(107,438	)
Net realized gains (losses)		(100,505	)		(51,731	)		537,429			1,128,922
Net change in unrealized appreciation/(depreciation)		2,740,474			(4,448,256	)		2,689,094			(4,143,179	)

Increase (decrease) in net assets from operations		2,439,707			(3,967,354	)		3,095,120			(3,121,695	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		469,877			350,894			1,063,836			2,893,603
Transfers between Sub-Accounts (including the Fixed Account), net		(687,008	)		(194,019	)		400,624			51,291
Withdrawals, surrenders, annuitizations and contract charges		(2,844,843	)		(2,517,863	)		(474,112	)		(291,909	)

Net accumulation activity		(3,061,974	)		(2,360,988	)		990,348			2,652,985

*Annuitization Activity:*
Annuitizations		1,545			—			—			—
Annuity payments and contract charges		(28,564	)		(19,584	)		—			—
Adjustments to annuity reserves		16,862			(835	)		—			—

Net annuitization activity		(10,157	)		(20,419	)		—			—

Net increase (decrease) from contract owner transactions		(3,072,131	)		(2,381,407	)		990,348			2,652,985

Total increase (decrease) in net assets		(632,424	)		(6,348,761	)		4,085,468			(468,710	)
Net assets at beginning of year		20,038,001			26,386,762			8,884,821			9,353,531

Net assets at end of year	$	19,405,577		$	20,038,001		$	12,970,289		$	8,884,821

The accompanying notes are an integral part of these financial statements.

- 82 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	A19 Sub-Account						A74 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(32,281	)	$	(16,534	)	$	(104,225	)	$	(102,884	)
Net realized gains (losses)		(148,283	)		780,615			1,716,835			2,785,394
Net change in unrealized appreciation/(depreciation)		575,183			(1,272,922	)		585,588			(5,545,769	)

Increase (decrease) in net assets from operations		394,619			(508,841	)		2,198,198			(2,863,259	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		822,553			1,246,938			365,571			922,027
Transfers between Sub-Accounts (including the Fixed Account), net		456,068			446,492			(395,317	)		1,345,994
Withdrawals, surrenders, annuitizations and contract charges		(93,568	)		(27,883	)		(1,342,771	)		(1,259,175	)

Net accumulation activity		1,185,053			1,665,547			(1,372,517	)		1,008,846

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			(1,851	)		(2,006	)
Adjustments to annuity reserves		—			—			449			(153	)

Net annuitization activity		—			—			(1,402	)		(2,159	)

Net increase (decrease) from contract owner transactions		1,185,053			1,665,547			(1,373,919	)		1,006,687

Total increase (decrease) in net assets		1,579,672			1,156,706			824,279			(1,856,572	)
Net assets at beginning of year		1,922,091			765,385			14,954,000			16,810,572

Net assets at end of year	$	3,501,763		$	1,922,091		$	15,778,279		$	14,954,000

The accompanying notes are an integral part of these financial statements.

- 83 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AP0 Sub-Account						AQ1 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(339,414	)	$	(273,007	)	$	11,155		$	6,051
Net realized gains (losses)		581,743			3,342,086			703,285			1,029,685
Net change in unrealized appreciation/(depreciation)		9,978,814			(12,285,927	)		2,715,812			(2,960,993	)

Increase (decrease) in net assets from operations		10,221,143			(9,216,848	)		3,430,252			(1,925,257	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		5,042,841			6,439,583			2,287,897			3,598,624
Transfers between Sub-Accounts (including the Fixed Account), net		701,830			3,151,254			723,890			1,675,361
Withdrawals, surrenders, annuitizations and contract charges		(1,242,705	)		(859,200	)		(606,432	)		(403,472	)

Net accumulation activity		4,501,966			8,731,637			2,405,355			4,870,513

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		4,501,966			8,731,637			2,405,355			4,870,513

Total increase (decrease) in net assets		14,723,109			(485,211	)		5,835,607			2,945,256
Net assets at beginning of year		25,621,145			26,106,356			12,776,456			9,831,200

Net assets at end of year	$	40,344,254		$	25,621,145		$	18,612,063		$	12,776,456

The accompanying notes are an integral part of these financial statements.

- 84 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AQ2 Sub-Account						AS3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(163	)	$	12,184		$	616,660		$	322,924
Net realized gains (losses)		(89,278	)		207,768			1,866,013			3,721,951
Net change in unrealized appreciation/(depreciation)		480,482			(668,144	)		5,139,085			(9,463,957	)

Increase (decrease) in net assets from operations		391,041			(448,192	)		7,621,758			(5,419,082	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		252,954			477,709			14,151,608			23,507,424
Transfers between Sub-Accounts (including the Fixed Account), net		583,746			455,285			5,800,722			713,824
Withdrawals, surrenders, annuitizations and contract charges		(78,785	)		(64,828	)		(2,251,545	)		(1,255,347	)

Net accumulation activity		757,915			868,166			17,700,785			22,965,901

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		757,915			868,166			17,700,785			22,965,901

Total increase (decrease) in net assets		1,148,956			419,974			25,322,543			17,546,819
Net assets at beginning of year		2,430,476			2,010,502			49,244,772			31,697,953

Net assets at end of year	$	3,579,432		$	2,430,476		$	74,567,315		$	49,244,772

The accompanying notes are an integral part of these financial statements.

- 85 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AS6 Sub-Account						AQ3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(38,973	)	$	(48,528	)	$	3,128		$	(105	)
Net realized gains (losses)		353,769			656,203			(55,458	)		145,385
Net change in unrealized appreciation/(depreciation)		1,291,378			(2,555,160	)		339,553			(599,694	)

Increase (decrease) in net assets from operations		1,606,174			(1,947,485	)		287,223			(454,414	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,284,795			2,113,569			235,921			365,191
Transfers between Sub-Accounts (including the Fixed Account), net		347,280			922,477			335,657			204,902
Withdrawals, surrenders, annuitizations and contract charges		(433,943	)		(224,911	)		(109,952	)		(51,211	)

Net accumulation activity		1,198,132			2,811,135			461,626			518,882

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		1,198,132			2,811,135			461,626			518,882

Total increase (decrease) in net assets		2,804,306			863,650			748,849			64,468
Net assets at beginning of year		7,347,333			6,483,683			1,847,450			1,782,982

Net assets at end of year	$	10,151,639		$	7,347,333		$	2,596,299		$	1,847,450

The accompanying notes are an integral part of these financial statements.

- 86 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AX1 Sub-Account						B21 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	30,622		$	(45,221	)	$	92,661		$	62,941
Net realized gains (losses)		773,164			(28,024	)		(96,337	)		(66,819	)
Net change in unrealized appreciation/(depreciation)		113,272			(453,524	)		1,125,852			(700,822	)

Increase (decrease) in net assets from operations		917,058			(526,769	)		1,122,176			(704,700	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		3,403,307			2,423,096			3,174,506			4,278,931
Transfers between Sub-Accounts (including the Fixed Account), net		1,180,733			534,271			775,307			314,788
Withdrawals, surrenders, annuitizations and contract charges		(238,986	)		(103,223	)		(247,553	)		(230,292	)

Net accumulation activity		4,345,054			2,854,144			3,702,260			4,363,427

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		4,345,054			2,854,144			3,702,260			4,363,427

Total increase (decrease) in net assets		5,262,112			2,327,375			4,824,436			3,658,727
Net assets at beginning of year		5,027,940			2,700,565			6,087,231			2,428,504

Net assets at end of year	$	10,290,052		$	5,027,940		$	10,911,667		$	6,087,231

The accompanying notes are an integral part of these financial statements.

- 87 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	B19 Sub-Account						B20 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(27,267	)	$	(14,699	)	$	9,699		$	2,419
Net realized gains (losses)		83,559			(30,813	)		70,091			85,910
Net change in unrealized appreciation/(depreciation)		767,170			(486,514	)		71,576			(113,017	)

Increase (decrease) in net assets from operations		823,462			(532,026	)		151,366			(24,688	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		612,073			1,193,974			648,912			567,747
Transfers between Sub-Accounts (including the Fixed Account), net		174,966			170,282			171,426			167,926
Withdrawals, surrenders, annuitizations and contract charges		(59,026	)		(110,694	)		(43,568	)		(13,522	)

Net accumulation activity		728,013			1,253,562			776,770			722,151

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		728,013			1,253,562			776,770			722,151

Total increase (decrease) in net assets		1,551,475			721,536			928,136			697,463
Net assets at beginning of year		1,439,792			718,256			878,619			181,156

Net assets at end of year	$	2,991,267		$	1,439,792		$	1,806,755		$	878,619

The accompanying notes are an integral part of these financial statements.

- 88 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	B18 Sub-Account						B22 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,169,456		$	(5,174,707	)	$	(9,392	)	$	(3,487	)
Net realized gains (losses)		(7,153,098	)		(5,359,449	)		(61,120	)		10,215
Net change in unrealized appreciation/(depreciation)		33,299,342			(55,344,906	)		376,837			(150,595	)

Increase (decrease) in net assets from operations		28,315,700			(65,879,062	)		306,325			(143,867	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		4,423,718			6,286,354			317,519			268,893
Transfers between Sub-Accounts (including the Fixed Account), net		(6,024,789	)		(315,790	)		12,623			20,997
Withdrawals, surrenders, annuitizations and contract charges		(38,797,162	)		(40,633,979	)		(24,208	)		(5,001	)

Net accumulation activity		(40,398,233	)		(34,663,415	)		305,934			284,889

*Annuitization Activity:*
Annuitizations		115,428			288,941			—			—
Annuity payments and contract charges		(75,578	)		(73,016	)		—			—
Adjustments to annuity reserves		54,265			18,364			—			—

Net annuitization activity		94,115			234,289			—			—

Net increase (decrease) from contract owner transactions		(40,304,118	)		(34,429,126	)		305,934			284,889

Total increase (decrease) in net assets		(11,988,418	)		(100,308,188	)		612,259			141,022
Net assets at beginning of year		287,231,446			387,539,634			422,206			281,184

Net assets at end of year	$	275,243,028		$	287,231,446		$	1,034,465		$	422,206

The accompanying notes are an integral part of these financial statements.

- 89 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	B23 Sub-Account						L33 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	17,194		$	4,125		$	(24,831	)	$	(15,255	)
Net realized gains (losses)		(16,663	)		(4,966	)		(39,320	)		62,590
Net change in unrealized appreciation/(depreciation)		27,454			(54,778	)		315,965			(459,009	)

Increase (decrease) in net assets from operations		27,985			(55,619	)		251,814			(411,674	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		105,071			403,842			212,035			297,083
Transfers between Sub-Accounts (including the Fixed Account), net		115,291			19,402			595,351			572,014
Withdrawals, surrenders, annuitizations and contract charges		(29,379	)		(5,702	)		(64,511	)		(59,414	)

Net accumulation activity		190,983			417,542			742,875			809,683

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		190,983			417,542			742,875			809,683

Total increase (decrease) in net assets		218,968			361,923			994,689			398,009
Net assets at beginning of year		589,226			227,303			1,614,479			1,216,470

Net assets at end of year	$	808,194		$	589,226		$	2,609,168		$	1,614,479

The accompanying notes are an integral part of these financial statements.

- 90 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	L34 Sub-Account						L35 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(1,336	)	$	(632	)	$	10,966		$	1,488
Net realized gains (losses)		13,463			13,784			146,554			73,825
Net change in unrealized appreciation/(depreciation)		72,490			(45,071	)		(12,033	)		(165,221	)

Increase (decrease) in net assets from operations		84,617			(31,919	)		145,487			(89,908	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		140,488			178,846			228,044			228,065
Transfers between Sub-Accounts (including the Fixed Account), net		138,850			38,646			7,991			183,132
Withdrawals, surrenders, annuitizations and contract charges		(12,461	)		(7,511	)		(24,058	)		(40,945	)

Net accumulation activity		266,877			209,981			211,977			370,252

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		266,877			209,981			211,977			370,252

Total increase (decrease) in net assets		351,494			178,062			357,464			280,344
Net assets at beginning of year		316,560			138,498			1,014,400			734,056

Net assets at end of year	$	668,054		$	316,560		$	1,371,864		$	1,014,400

The accompanying notes are an integral part of these financial statements.

- 91 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C71 Sub-Account						C59 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(474	)	$	(1,140	)	$	(1,204	)	$	(1,101	)
Net realized gains (losses)		(27,395	)		34,860			8,185			1,174
Net change in unrealized appreciation/(depreciation)		35,047			(44,809	)		18,722			(28,358	)

Increase (decrease) in net assets from operations		7,178			(11,089	)		25,703			(28,285	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			115			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		55,939			(530	)		(12,182	)		8,917
Withdrawals, surrenders, annuitizations and contract charges		(143,332	)		(3,135	)		(2,229	)		(960	)

Net accumulation activity		(87,393	)		(3,550	)		(14,411	)		7,957

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(87,393	)		(3,550	)		(14,411	)		7,957

Total increase (decrease) in net assets		(80,215	)		(14,639	)		11,292			(20,328	)
Net assets at beginning of year		92,683			107,322			65,648			85,976

Net assets at end of year	$	12,468		$	92,683		$	76,940		$	65,648

The accompanying notes are an integral part of these financial statements.

- 92 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C60 Sub-Account						C89 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(727,232	)	$	(777,885	)	$	(700	)	$	(670	)
Net realized gains (losses)		9,013,420			4,895,192			(22	)		13,626
Net change in unrealized appreciation/(depreciation)		6,447,827			(22,861,261	)		15,318			(28,424	)

Increase (decrease) in net assets from operations		14,734,015			(18,743,954	)		14,596			(15,468	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		707,434			699,546			—			31,900
Transfers between Sub-Accounts (including the Fixed Account), net		(7,601,700	)		7,710,558			1			(441	)
Withdrawals, surrenders, annuitizations and contract charges		(5,758,360	)		(5,328,988	)		—			(31,901	)

Net accumulation activity		(12,652,626	)		3,081,116			1			(442	)

*Annuitization Activity:*
Annuitizations		7,183			—			—			—
Annuity payments and contract charges		(85,726	)		(50,144	)		—			—
Adjustments to annuity reserves		56,488			143			—			—

Net annuitization activity		(22,055	)		(50,001	)		—			—

Net increase (decrease) from contract owner transactions		(12,674,681	)		3,031,115			1			(442	)

Total increase (decrease) in net assets		2,059,334			(15,712,839	)		14,597			(15,910	)
Net assets at beginning of year		40,965,907			56,678,746			39,014			54,924

Net assets at end of year	$	43,025,241		$	40,965,907		$	53,611		$	39,014

The accompanying notes are an integral part of these financial statements.

- 93 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C90 Sub-Account						C58 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(228,128	)	$	(245,362	)	$	1,877		$	(35,129	)
Net realized gains (losses)		2,479,576			1,073,149			(29,719	)		175,207
Net change in unrealized appreciation/(depreciation)		2,001,343			(5,926,809	)		434,970			(877,302	)

Increase (decrease) in net assets from operations		4,252,791			(5,099,022	)		407,128			(737,224	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		334,123			106,159			35,561			50,853
Transfers between Sub-Accounts (including the Fixed Account), net		(1,751,259	)		2,181,494			(19,724	)		(110,387	)
Withdrawals, surrenders, annuitizations and contract charges		(2,401,923	)		(1,314,376	)		(645,326	)		(439,793	)

Net accumulation activity		(3,819,059	)		973,277			(629,489	)		(499,327	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		(7,893	)		(9,115	)		—			—
Adjustments to annuity reserves		2,479			(1,134	)		—			—

Net annuitization activity		(5,414	)		(10,249	)		—			—

Net increase (decrease) from contract owner transactions		(3,824,473	)		963,028			(629,489	)		(499,327	)

Total increase (decrease) in net assets		428,318			(4,135,994	)		(222,361	)		(1,236,551	)
Net assets at beginning of year		13,220,856			17,356,850			3,385,267			4,621,818

Net assets at end of year	$	13,649,174		$	13,220,856		$	3,162,906		$	3,385,267

The accompanying notes are an integral part of these financial statements.

- 94 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C91 Sub-Account						C92 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(70,963	)	$	(59,606	)	$	(113,115	)	$	(64,237	)
Net realized gains (losses)		9,757			90,040			(16,818	)		(49,081	)
Net change in unrealized appreciation/(depreciation)		320,830			(179,735	)		1,824,482			(844,438	)

Increase (decrease) in net assets from operations		259,624			(149,301	)		1,694,549			(957,756	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		509,608			1,239,503			3,868,036			3,944,782
Transfers between Sub-Accounts (including the Fixed Account), net		517,553			(178,840	)		993,747			940,272
Withdrawals, surrenders, annuitizations and contract charges		(207,308	)		(202,501	)		(238,422	)		(147,915	)

Net accumulation activity		819,853			858,162			4,623,361			4,737,139

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		819,853			858,162			4,623,361			4,737,139

Total increase (decrease) in net assets		1,079,477			708,861			6,317,910			3,779,383
Net assets at beginning of year		5,458,508			4,749,647			6,805,655			3,026,272

Net assets at end of year	$	6,537,985		$	5,458,508		$	13,123,565		$	6,805,655

The accompanying notes are an integral part of these financial statements.

- 95 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	FD7 Sub-Account						F24 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(118,601	)	$	(579,174	)	$	(1,537,922	)	$	(1,626,071	)
Net realized gains (losses)		5,790,591			9,026,449			10,433,646			10,459,021
Net change in unrealized appreciation/(depreciation)		9,642,204			(30,662,645	)		20,325,977			(48,393,317	)

Increase (decrease) in net assets from operations		15,314,194			(22,215,370	)		29,221,701			(39,560,367	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,152,390			498,705			2,081,930			1,254,655
Transfers between Sub-Accounts (including the Fixed Account), net		(2,928,093	)		2,246,686			(12,902,330	)		13,101,517
Withdrawals, surrenders, annuitizations and contract charges		(13,737,131	)		(11,083,124	)		(15,505,516	)		(13,263,076	)

Net accumulation activity		(15,512,834	)		(8,337,733	)		(26,325,916	)		1,093,096

*Annuitization Activity:*
Annuitizations		25,692			—			6,711			221,954
Annuity payments and contract charges		(25,614	)		(25,990	)		(67,933	)		(66,774	)
Adjustments to annuity reserves		270			1,026			12,504			(19,601	)

Net annuitization activity		348			(24,964	)		(48,718	)		135,579

Net increase (decrease) from contract owner transactions		(15,512,486	)		(8,362,697	)		(26,374,634	)		1,228,675

Total increase (decrease) in net assets		(198,292	)		(30,578,067	)		2,847,067			(38,331,692	)
Net assets at beginning of year		87,213,498			117,791,565			105,302,012			143,633,704

Net assets at end of year	$	87,015,206		$	87,213,498		$	108,149,079		$	105,302,012

The accompanying notes are an integral part of these financial statements.

- 96 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F88 Sub-Account						FB9 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	27,307		$	2,535		$	117,164		$	13,678
Net realized gains (losses)		76,424			85,212			(32,217	)		796,205
Net change in unrealized appreciation/(depreciation)		(7,244	)		(361,475	)		513,656			(2,413,662	)

Increase (decrease) in net assets from operations		96,487			(273,728	)		598,603			(1,603,779	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,625			15,881			327,847			84,949
Transfers between Sub-Accounts (including the Fixed Account), net		(3,357	)		(54,449	)		(19,560	)		34,855
Withdrawals, surrenders, annuitizations and contract charges		(108,825	)		(152,019	)		(1,309,956	)		(1,469,928	)

Net accumulation activity		(110,557	)		(190,587	)		(1,001,669	)		(1,350,124	)

*Annuitization Activity:*
Annuitizations		—			—			16,209			—
Annuity payments and contract charges		—			—			(1,794	)		—
Adjustments to annuity reserves		—			—			(167	)		—

Net annuitization activity		—			—			14,248			—

Net increase (decrease) from contract owner transactions		(110,557	)		(190,587	)		(987,421	)		(1,350,124	)

Total increase (decrease) in net assets		(14,070	)		(464,315	)		(388,818	)		(2,953,903	)
Net assets at beginning of year		1,406,691			1,871,006			7,346,741			10,300,644

Net assets at end of year	$	1,392,621		$	1,406,691		$	6,957,923		$	7,346,741

The accompanying notes are an integral part of these financial statements.

- 97 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F15 Sub-Account						F41 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	163,212		$	32,320		$	(707,084	)	$	(862,777	)
Net realized gains (losses)		(80,650	)		1,744,467			2,407,479			4,341,878
Net change in unrealized appreciation/(depreciation)		1,161,825			(4,859,023	)		4,867,610			(15,219,169	)

Increase (decrease) in net assets from operations		1,244,387			(3,082,236	)		6,568,005			(11,740,068	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		232,318			382,716			885,132			958,442
Transfers between Sub-Accounts (including the Fixed Account), net		43,024			(630,743	)		(741,012	)		(722,211	)
Withdrawals, surrenders, annuitizations and contract charges		(2,754,785	)		(1,659,350	)		(7,905,295	)		(7,674,289	)

Net accumulation activity		(2,479,443	)		(1,907,377	)		(7,761,175	)		(7,438,058	)

*Annuitization Activity:*
Annuitizations		—			—			45,215			7,032
Annuity payments and contract charges		—			—			(39,301	)		(37,762	)
Adjustments to annuity reserves		—			—			79,633			6,743

Net annuitization activity		—			—			85,547			(23,987	)

Net increase (decrease) from contract owner transactions		(2,479,443	)		(1,907,377	)		(7,675,628	)		(7,462,045	)

Total increase (decrease) in net assets		(1,235,056	)		(4,989,613	)		(1,107,623	)		(19,202,113	)
Net assets at beginning of year		13,486,987			18,476,600			55,540,607			74,742,720

Net assets at end of year	$	12,251,931		$	13,486,987		$	54,432,984		$	55,540,607

The accompanying notes are an integral part of these financial statements.

- 98 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	FE3 Sub-Account						F17 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(2,521,397	)	$	743,346		$	(2,578	)	$	(4,062	)
Net realized gains (losses)		8,375,079			7,454,224			(11,514	)		(7,066	)
Net change in unrealized appreciation/(depreciation)		6,551,123			(26,785,329	)		136,584			(47,646	)

Increase (decrease) in net assets from operations		12,404,805			(18,587,759	)		122,492			(58,774	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,931,696			1,660,519			467,489			603,116
Transfers between Sub-Accounts (including the Fixed Account), net		670,391			(9,412,578	)		221,580			36,425
Withdrawals, surrenders, annuitizations and contract charges		(22,490,593	)		(19,426,581	)		(45,557	)		(22,170	)

Net accumulation activity		(18,888,506	)		(27,178,640	)		643,512			617,371

*Annuitization Activity:*
Annuitizations		38,576			56,497			—			—
Annuity payments and contract charges		(31,508	)		(40,135	)		—			—
Adjustments to annuity reserves		68,026			25,736			—			—

Net annuitization activity		75,094			42,098			—			—

Net increase (decrease) from contract owner transactions		(18,813,412	)		(27,136,542	)		643,512			617,371

Total increase (decrease) in net assets		(6,408,607	)		(45,724,301	)		766,004			558,597
Net assets at beginning of year		158,539,919			204,264,220			1,125,111			566,514

Net assets at end of year	$	152,131,312		$	158,539,919		$	1,891,115		$	1,125,111

The accompanying notes are an integral part of these financial statements.

- 99 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F18 Sub-Account						F19 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(2,213	)	$	(922	)	$	82,147		$	22,888
Net realized gains (losses)		(13,058	)		(1,917	)		40,984			337,439
Net change in unrealized appreciation/(depreciation)		82,626			(33,116	)		501,192			(750,216	)

Increase (decrease) in net assets from operations		67,355			(35,955	)		624,323			(389,889	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		81,691			115,060			1,405,207			2,523,135
Transfers between Sub-Accounts (including the Fixed Account), net		202,450			74,709			856,198			787,573
Withdrawals, surrenders, annuitizations and contract charges		(8,589	)		(4,137	)		(301,013	)		(83,566	)

Net accumulation activity		275,552			185,632			1,960,392			3,227,142

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		275,552			185,632			1,960,392			3,227,142

Total increase (decrease) in net assets		342,907			149,677			2,584,715			2,837,253
Net assets at beginning of year		284,774			135,097			5,189,362			2,352,109

Net assets at end of year	$	627,681		$	284,774		$	7,774,077		$	5,189,362

The accompanying notes are an integral part of these financial statements.

- 100 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	T21 Sub-Account						S23 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	46,839		$	135,260		$	2,686		$	2,071
Net realized gains (losses)		(385,601	)		1,641,909			(8,253	)		11,631
Net change in unrealized appreciation/(depreciation)		1,800,071			(6,219,082	)		51,771			(63,804	)

Increase (decrease) in net assets from operations		1,461,309			(4,441,913	)		46,204			(50,102	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		268,803			297,231			83,208			168,851
Transfers between Sub-Accounts (including the Fixed Account), net		234,264			1,351,239			76,503			38,433
Withdrawals, surrenders, annuitizations and contract charges		(2,127,583	)		(1,911,901	)		(6,740	)		(4,454	)

Net accumulation activity		(1,624,516	)		(263,431	)		152,971			202,830

*Annuitization Activity:*
Annuitizations		13,806			3,005			—			—
Annuity payments and contract charges		(6,484	)		(5,570	)		—			—
Adjustments to annuity reserves		(795	)		1,757			—			—

Net annuitization activity		6,527			(808	)		—			—

Net increase (decrease) from contract owner transactions		(1,617,989	)		(264,239	)		152,971			202,830

Total increase (decrease) in net assets		(156,680	)		(4,706,152	)		199,175			152,728
Net assets at beginning of year		14,310,486			19,016,638			347,359			194,631

Net assets at end of year	$	14,153,806		$	14,310,486		$	546,534		$	347,359

The accompanying notes are an integral part of these financial statements.

- 101 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	T20 Sub-Account						FE6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	780,324		$	719,623		$	(31,935	)	$	(1,873	)
Net realized gains (losses)		(773,189	)		(1,715,176	)		(969,057	)		601,867
Net change in unrealized appreciation/(depreciation)		9,120,068			(5,070,514	)		3,124,111			(4,702,328	)

Increase (decrease) in net assets from operations		9,127,203			(6,066,067	)		2,123,119			(4,102,334	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,231,986			1,010,588			246,762			211,822
Transfers between Sub-Accounts (including the Fixed Account), net		(2,620,848	)		(3,458,413	)		(18,999	)		(411,831	)
Withdrawals, surrenders, annuitizations and contract charges		(8,540,982	)		(7,576,265	)		(2,231,247	)		(2,434,878	)

Net accumulation activity		(9,929,844	)		(10,024,090	)		(2,003,484	)		(2,634,887	)

*Annuitization Activity:*
Annuitizations		32,361			93,580			—			—
Annuity payments and contract charges		(68,702	)		(70,754	)		—			—
Adjustments to annuity reserves		(892	)		(16,334	)		—			—

Net annuitization activity		(37,233	)		6,492			—			—

Net increase (decrease) from contract owner transactions		(9,967,077	)		(10,017,598	)		(2,003,484	)		(2,634,887	)

Total increase (decrease) in net assets		(839,874	)		(16,083,665	)		119,635			(6,737,221	)
Net assets at beginning of year		53,415,908			69,499,573			17,666,000			24,403,221

Net assets at end of year	$	52,576,034		$	53,415,908		$	17,785,635		$	17,666,000

The accompanying notes are an integral part of these financial statements.

- 102 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	S18 Sub-Account						T59 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,171		$	1,367		$	(34,114	)	$	(47,285	)
Net realized gains (losses)		8,650			51,517			(96,047	)		(372,825	)
Net change in unrealized appreciation/(depreciation)		178,664			(130,037	)		146,650			197,839

Increase (decrease) in net assets from operations		189,485			(77,153	)		16,489			(222,271	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		578,584			602,661			39,233			22,076
Transfers between Sub-Accounts (including the Fixed Account), net		331,242			149,030			56,731			(326,465	)
Withdrawals, surrenders, annuitizations and contract charges		(49,265	)		(11,913	)		(313,032	)		(740,496	)

Net accumulation activity		860,561			739,778			(217,068	)		(1,044,885	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			(251	)		(270	)
Adjustments to annuity reserves		—			—			24			(16	)

Net annuitization activity		—			—			(227	)		(286	)

Net increase (decrease) from contract owner transactions		860,561			739,778			(217,295	)		(1,045,171	)

Total increase (decrease) in net assets		1,050,046			662,625			(200,806	)		(1,267,442	)
Net assets at beginning of year		955,683			293,058			2,057,984			3,325,426

Net assets at end of year	$	2,005,729		$	955,683		$	1,857,178		$	2,057,984

The accompanying notes are an integral part of these financial statements.

- 103 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F56 Sub-Account						F59 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	168,977		$	(172,522	)	$	1,300,892		$	1,366,797
Net realized gains (losses)		(268,505	)		(635,781	)		1,963,308			1,384,339
Net change in unrealized appreciation/(depreciation)		1,883,612			(845,368	)		(837,288	)		(5,978,355	)

Increase (decrease) in net assets from operations		1,784,084			(1,653,671	)		2,426,912			(3,227,219	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		302,444			220,567			419,416			589,518
Transfers between Sub-Accounts (including the Fixed Account), net		(579,570	)		(251,168	)		774,046			(1,427,894	)
Withdrawals, surrenders, annuitizations and contract charges		(1,505,731	)		(1,355,956	)		(5,195,611	)		(6,217,541	)

Net accumulation activity		(1,782,857	)		(1,386,557	)		(4,002,149	)		(7,055,917	)

*Annuitization Activity:*
Annuitizations		—			16,665			37,910			16,281
Annuity payments and contract charges		(11,734	)		(12,452	)		(16,286	)		(13,198	)
Adjustments to annuity reserves		(4,571	)		3,192			(450	)		(666	)

Net annuitization activity		(16,305	)		7,405			21,174			2,417

Net increase (decrease) from contract owner transactions		(1,799,162	)		(1,379,152	)		(3,980,975	)		(7,053,500	)

Total increase (decrease) in net assets		(15,078	)		(3,032,823	)		(1,554,063	)		(10,280,719	)
Net assets at beginning of year		10,288,499			13,321,322			38,469,119			48,749,838

Net assets at end of year	$	10,273,421		$	10,288,499		$	36,915,056		$	38,469,119

The accompanying notes are an integral part of these financial statements.

- 104 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	FF0 Sub-Account						F54 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	503,274		$	223,851		$	149,504		$	103,933
Net realized gains (losses)		758,659			132,078			2,622,566			8,536,513
Net change in unrealized appreciation/(depreciation)		(204,695	)		(775,537	)		6,978,760			(18,687,638	)

Increase (decrease) in net assets from operations		1,057,238			(419,608	)		9,750,830			(10,047,192	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		5,363,545			4,823,931			2,494,256			1,150,917
Transfers between Sub-Accounts (including the Fixed Account), net		2,293,672			3,151,710			771,949			(7,228,516	)
Withdrawals, surrenders, annuitizations and contract charges		(766,901	)		(267,786	)		(13,945,874	)		(11,409,531	)

Net accumulation activity		6,890,316			7,707,855			(10,679,669	)		(17,487,130	)

*Annuitization Activity:*
Annuitizations		—			—			4,399			18,913
Annuity payments and contract charges		—			—			(17,146	)		(30,451	)
Adjustments to annuity reserves		—			—			273			(374	)

Net annuitization activity		—			—			(12,474	)		(11,912	)

Net increase (decrease) from contract owner transactions		6,890,316			7,707,855			(10,692,143	)		(17,499,042	)

Total increase (decrease) in net assets		7,947,554			7,288,247			(941,313	)		(27,546,234	)
Net assets at beginning of year		10,736,705			3,448,458			90,351,817			117,898,051

Net assets at end of year	$	18,684,259		$	10,736,705		$	89,410,504		$	90,351,817

The accompanying notes are an integral part of these financial statements.

- 105 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	FG8 Sub-Account						S21 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	6,250		$	2,856		$	(11,762	)	$	(6,068	)
Net realized gains (losses)		58,499			41,984			319,449			209,412
Net change in unrealized appreciation/(depreciation)		36,372			(60,877	)		33,558			(283,916	)

Increase (decrease) in net assets from operations		101,121			(16,037	)		341,245			(80,572	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		370,734			171,397			772,268			1,390,353
Transfers between Sub-Accounts (including the Fixed Account), net		29,550			228,850			582,669			508,541
Withdrawals, surrenders, annuitizations and contract charges		(38,525	)		(29,348	)		(81,254	)		(31,436	)

Net accumulation activity		361,759			370,899			1,273,683			1,867,458

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		361,759			370,899			1,273,683			1,867,458

Total increase (decrease) in net assets		462,880			354,862			1,614,928			1,786,886
Net assets at beginning of year		614,340			259,478			2,515,906			729,020

Net assets at end of year	$	1,077,220		$	614,340		$	4,130,834		$	2,515,906

The accompanying notes are an integral part of these financial statements.

- 106 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F53 Sub-Account						FJ9 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(178,637	)	$	(129,871	)	$	(13,060	)	$	(3,405	)
Net realized gains (losses)		1,324,510			3,452,734			70,754			120,706
Net change in unrealized appreciation/(depreciation)		434,990			(5,704,236	)		142,714			(224,324	)

Increase (decrease) in net assets from operations		1,580,863			(2,381,373	)		200,408			(107,023	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		262,487			176,275			709,635			481,203
Transfers between Sub-Accounts (including the Fixed Account), net		(431,963	)		(1,204,275	)		110,488			134,351
Withdrawals, surrenders, annuitizations and contract charges		(2,303,588	)		(2,584,104	)		(60,974	)		(151,154	)

Net accumulation activity		(2,473,064	)		(3,612,104	)		759,149			464,400

*Annuitization Activity:*
Annuitizations		7,077			6,696			—			—
Annuity payments and contract charges		(4,351	)		(2,242	)		—			—
Adjustments to annuity reserves		324			(247	)		—			—

Net annuitization activity		3,050			4,207			—			—

Net increase (decrease) from contract owner transactions		(2,470,014	)		(3,607,897	)		759,149			464,400

Total increase (decrease) in net assets		(889,151	)		(5,989,270	)		959,557			357,377
Net assets at beginning of year		16,235,834			22,225,104			1,162,187			804,810

Net assets at end of year	$	15,346,683		$	16,235,834		$	2,121,744		$	1,162,187

The accompanying notes are an integral part of these financial statements.

- 107 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	T28 Sub-Account						FJ0 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	201,940		$	228,711		$	1,569		$	1,844
Net realized gains (losses)		(324,249	)		(314,907	)		(1,483	)		(3,288	)
Net change in unrealized appreciation/(depreciation)		576,027			(1,117,869	)		3,486			(9,247	)

Increase (decrease) in net assets from operations		453,718			(1,204,065	)		3,572			(10,691	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		150,740			205,850			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		50,339			49,052			854			(1,389	)
Withdrawals, surrenders, annuitizations and contract charges		(1,232,839	)		(1,324,161	)		(4,307	)		(12,683	)

Net accumulation activity		(1,031,760	)		(1,069,259	)		(3,453	)		(14,072	)

*Annuitization Activity:*
Annuitizations		—			61,954			—			—
Annuity payments and contract charges		(51,498	)		(60,973	)		—			—
Adjustments to annuity reserves		5,319			(5,712	)		—			—

Net annuitization activity		(46,179	)		(4,731	)		—			—

Net increase (decrease) from contract owner transactions		(1,077,939	)		(1,073,990	)		(3,453	)		(14,072	)

Total increase (decrease) in net assets		(624,221	)		(2,278,055	)		119			(24,763	)
Net assets at beginning of year		7,778,476			10,056,531			60,198			84,961

Net assets at end of year	$	7,154,255		$	7,778,476		$	60,317		$	60,198

The accompanying notes are an integral part of these financial statements.

- 108 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	G03 Sub-Account						V35 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(18,547	)	$	(14,443	)	$	(42,451	)	$	(48,466	)
Net realized gains (losses)		(72,897	)		(44,211	)		877,937			876,220
Net change in unrealized appreciation/(depreciation)		594,276			(543,707	)		(442,115	)		(1,045,166	)

Increase (decrease) in net assets from operations		502,832			(602,361	)		393,371			(217,412	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		20,457			316,211			69,094			143,566
Transfers between Sub-Accounts (including the Fixed Account), net		(4,950	)		(113,065	)		(229,375	)		(131,891	)
Withdrawals, surrenders, annuitizations and contract charges		(102,979	)		(100,584	)		(605,958	)		(842,499	)

Net accumulation activity		(87,472	)		102,562			(766,239	)		(830,824	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			(70,445	)		(524	)
Adjustments to annuity reserves		—			—			7,666			(8,490	)

Net annuitization activity		—			—			(62,779	)		(9,014	)

Net increase (decrease) from contract owner transactions		(87,472	)		102,562			(829,018	)		(839,838	)

Total increase (decrease) in net assets		415,360			(499,799	)		(435,647	)		(1,057,250	)
Net assets at beginning of year		2,313,239			2,813,038			3,486,759			4,544,009

Net assets at end of year	$	2,728,599		$	2,313,239		$	3,051,112		$	3,486,759

The accompanying notes are an integral part of these financial statements.

- 109 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V13 Sub-Account						AB3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(40,368	)	$	(83,161	)	$	16,524		$	(7,858	)
Net realized gains (losses)		3,210,771			1,854,126			(47,212	)		(39,205	)
Net change in unrealized appreciation/(depreciation)		(1,403,869	)		(1,913,664	)		86,339			(168,143	)

Increase (decrease) in net assets from operations		1,766,534			(142,699	)		55,651			(215,206	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		250,545			191,675			143,031			153,465
Transfers between Sub-Accounts (including the Fixed Account), net		(1,021,760	)		(1,523,964	)		81,381			(84,024	)
Withdrawals, surrenders, annuitizations and contract charges		(2,699,372	)		(2,603,640	)		(94,036	)		(37,438	)

Net accumulation activity		(3,470,587	)		(3,935,929	)		130,376			32,003

*Annuitization Activity:*
Annuitizations		18,787			—			—			—
Annuity payments and contract charges		(29,910	)		(14,694	)		—			—
Adjustments to annuity reserves		(464	)		129			—			—

Net annuitization activity		(11,587	)		(14,565	)		—			—

Net increase (decrease) from contract owner transactions		(3,482,174	)		(3,950,494	)		130,376			32,003

Total increase (decrease) in net assets		(1,715,640	)		(4,093,193	)		186,027			(183,203	)
Net assets at beginning of year		19,254,849			23,348,042			1,168,970			1,352,173

Net assets at end of year	$	17,539,209		$	19,254,849		$	1,354,997		$	1,168,970

The accompanying notes are an integral part of these financial statements.

- 110 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V11 Sub-Account						AC1 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	203,670		$	(75,788	)	$	(26,434	)	$	(5,616	)
Net realized gains (losses)		2,789,193			12,716,475			(83,311	)		179,890
Net change in unrealized appreciation/(depreciation)		4,322,274			(20,812,031	)		348,005			(628,435	)

Increase (decrease) in net assets from operations		7,315,137			(8,171,344	)		238,260			(454,161	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		6,199,878			10,897,505			24,323			2,433
Transfers between Sub-Accounts (including the Fixed Account), net		1,969,237			170,357			(94,728	)		15,584
Withdrawals, surrenders, annuitizations and contract charges		(9,936,220	)		(9,270,877	)		(376,606	)		(185,524	)

Net accumulation activity		(1,767,105	)		1,796,985			(447,011	)		(167,507	)

*Annuitization Activity:*
Annuitizations		—			21,874			—			—
Annuity payments and contract charges		(40,303	)		(41,618	)		(2,004	)		(1,984	)
Adjustments to annuity reserves		11,649			9,209			—			1

Net annuitization activity		(28,654	)		(10,535	)		(2,004	)		(1,983	)

Net increase (decrease) from contract owner transactions		(1,795,759	)		1,786,450			(449,015	)		(169,490	)

Total increase (decrease) in net assets		5,519,378			(6,384,894	)		(210,755	)		(623,651	)
Net assets at beginning of year		84,706,784			91,091,678			1,681,151			2,304,802

Net assets at end of year	$	90,226,162		$	84,706,784		$	1,470,396		$	1,681,151

The accompanying notes are an integral part of these financial statements.

- 111 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V17 Sub-Account						V19 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(29,906	)	$	(17,019	)	$	6,931		$	3,732
Net realized gains (losses)		(139,896	)		442,016			57,940			51,772
Net change in unrealized appreciation/(depreciation)		463,459			(825,045	)		7,066			(50,991	)

Increase (decrease) in net assets from operations		293,657			(400,048	)		71,937			4,513

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,131,935			1,609,141			380,841			232,452
Transfers between Sub-Accounts (including the Fixed Account), net		179,116			113,371			(25,894	)		280,094
Withdrawals, surrenders, annuitizations and contract charges		(68,144	)		(27,537	)		(18,916	)		(4,841	)

Net accumulation activity		1,242,907			1,694,975			336,031			507,705

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		1,242,907			1,694,975			336,031			507,705

Total increase (decrease) in net assets		1,536,564			1,294,927			407,968			512,218
Net assets at beginning of year		1,788,739			493,812			561,662			49,444

Net assets at end of year	$	3,325,303		$	1,788,739		$	969,630		$	561,662

The accompanying notes are an integral part of these financial statements.

- 112 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V20 Sub-Account						V21 Sub-Account
	December 31,			December 31,			December 31,		December 31,
	2023			2022			2023		2022
Operations:
Net investment income (loss)	$	9,249		$	2,462		$	—	$	22,223
Net realized gains (losses)		492,018			199,773			—		(299,634	)
Net change in unrealized appreciation/(depreciation)		230,604			(373,100	)		—		(5,477	)

Increase (decrease) in net assets from operations		731,871			(170,865	)		—		(282,888	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,035,059			1,528,270			—		1,384,936
Transfers between Sub-Accounts (including the Fixed Account), net		447,883			2,724,357			—		(2,270,721	)
Withdrawals, surrenders, annuitizations and contract charges		(145,749	)		(95,394	)		—		(5,349	)

Net accumulation activity		2,337,193			4,157,233			—		(891,134	)

*Annuitization Activity:*
Annuitizations		—			—			—		—
Annuity payments and contract charges		—			—			—		—
Adjustments to annuity reserves		—			—			—		—

Net annuitization activity		—			—			—		—

Net increase (decrease) from contract owner transactions		2,337,193			4,157,233			—		(891,134	)

Total increase (decrease) in net assets		3,069,064			3,986,368			—		(1,174,022	)
Net assets at beginning of year		4,342,342			355,974			—		1,174,022

Net assets at end of year	$	7,411,406		$	4,342,342		$	—	$	—

The accompanying notes are an integral part of these financial statements.

- 113 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MV1 Sub-Account						MV2 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	477,776		$	31,538		$	(22,665	)	$	(10,458	)
Net realized gains (losses)		(116,845	)		725,055			112,798			158,547
Net change in unrealized appreciation/(depreciation)		7,664,403			(4,719,420	)		251,686			(258,883	)

Increase (decrease) in net assets from operations		8,025,334			(3,962,827	)		341,819			(110,794	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		22,209,567			34,101,417			597,756			1,292,440
Transfers between Sub-Accounts (including the Fixed Account), net		8,032,829			4,434,503			541,397			(33,584	)
Withdrawals, surrenders, annuitizations and contract charges		(1,650,383	)		(637,211	)		(78,704	)		(18,364	)

Net accumulation activity		28,592,013			37,898,709			1,060,449			1,240,492

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		28,592,013			37,898,709			1,060,449			1,240,492

Total increase (decrease) in net assets		36,617,347			33,935,882			1,402,268			1,129,698
Net assets at beginning of year		43,525,126			9,589,244			1,481,238			351,540

Net assets at end of year	$	80,142,473		$	43,525,126		$	2,883,506		$	1,481,238

The accompanying notes are an integral part of these financial statements.

- 114 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MV3 Sub-Account						MV4 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(56,345	)	$	(27,863	)	$	(1,756	)	$	1,440
Net realized gains (losses)		(199,926	)		395,768			19,640			32,694
Net change in unrealized appreciation/(depreciation)		2,124,482			(1,256,583	)		90,141			(51,552	)

Increase (decrease) in net assets from operations		1,868,211			(888,678	)		108,025			(17,418	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		946,974			1,726,618			216,315			601,810
Transfers between Sub-Accounts (including the Fixed Account), net		1,027,090			1,100,463			181,808			87,261
Withdrawals, surrenders, annuitizations and contract charges		(281,070	)		(62,712	)		(41,829	)		(7,685	)

Net accumulation activity		1,692,994			2,764,369			356,294			681,386

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		1,692,994			2,764,369			356,294			681,386

Total increase (decrease) in net assets		3,561,205			1,875,691			464,319			663,968
Net assets at beginning of year		2,981,067			1,105,376			836,810			172,842

Net assets at end of year	$	6,542,272		$	2,981,067		$	1,301,129		$	836,810

The accompanying notes are an integral part of these financial statements.

- 115 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	J88 Sub-Account						JF1 Sub-Account³
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	507,323		$	76,567		$	(2,699	)	$	(1,128	)
Net realized gains (losses)		(682,505	)		(552,332	)		(22,547	)		14,833
Net change in unrealized appreciation/(depreciation)		1,373,720			(5,124,239	)		63,139			(65,713	)

Increase (decrease) in net assets from operations		1,198,538			(5,600,004	)		37,893			(52,008	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		190,542			138,277			169,049			503,825
Transfers between Sub-Accounts (including the Fixed Account), net		4,803,070			105,007			(931,450	)		53,046
Withdrawals, surrenders, annuitizations and contract charges		(4,254,421	)		(5,473,961	)		(6,593	)		(12,025	)

Net accumulation activity		739,191			(5,230,677	)		(768,994	)		544,846

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		739,191			(5,230,677	)		(768,994	)		544,846

Total increase (decrease) in net assets		1,937,729			(10,830,681	)		(731,101	)		492,838
Net assets at beginning of year		30,174,387			41,005,068			731,101			238,263

Net assets at end of year	$	32,112,116		$	30,174,387		$	—		$	731,101

³	The activities for this Sub-Account are for the period from January 1, 2023 to April 25, 2023. Refer to Note 10 for details on this closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 116 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	JF0 Sub-Account⁴						J94 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(3,208	)	$	20,885		$	(44,957	)	$	(181,106	)
Net realized gains (losses)		(91,174	)		15,915			926,471			2,617,821
Net change in unrealized appreciation/(depreciation)		127,012			(134,285	)		1,675,372			(5,428,171	)

Increase (decrease) in net assets from operations		32,630			(97,485	)		2,556,886			(2,991,456	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		20,000			569,818			15,929			12,162
Transfers between Sub-Accounts (including the Fixed Account), net		(924,021	)		(8,361	)		494,557			(174,345	)
Withdrawals, surrenders, annuitizations and contract charges		(13,554	)		(42,617	)		(1,492,087	)		(1,525,151	)

Net accumulation activity		(917,575	)		518,840			(981,601	)		(1,687,334	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(917,575	)		518,840			(981,601	)		(1,687,334	)

Total increase (decrease) in net assets		(884,945	)		421,355			1,575,285			(4,678,790	)
Net assets at beginning of year		884,945			463,590			10,947,842			15,626,632

Net assets at end of year	$	—		$	884,945		$	12,523,127		$	10,947,842

The accompanying notes are an integral part of these financial statements.

- 117 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	L11 Sub-Account						L42 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	625,281		$	369,308		$	(3,996	)	$	(2,515	)
Net realized gains (losses)		(336,836	)		(324,612	)		12,549			11,828
Net change in unrealized appreciation/(depreciation)		3,612,044			(4,504,637	)		21,721			(50,179	)

Increase (decrease) in net assets from operations		3,900,489			(4,459,941	)		30,274			(40,866	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		310,626			308,304			1,000			86,616
Transfers between Sub-Accounts (including the Fixed Account), net		(1,525,049	)		142,288			25,514			90,577
Withdrawals, surrenders, annuitizations and contract charges		(2,921,745	)		(2,928,541	)		(14,969	)		(5,385	)

Net accumulation activity		(4,136,168	)		(2,477,949	)		11,545			171,808

*Annuitization Activity:*
Annuitizations		—			4,985			—			—
Annuity payments and contract charges		(10,938	)		(6,137	)		—			—
Adjustments to annuity reserves		6,530			(346	)		—			—

Net annuitization activity		(4,408	)		(1,498	)		—			—

Net increase (decrease) from contract owner transactions		(4,140,576	)		(2,479,447	)		11,545			171,808

Total increase (decrease) in net assets		(240,087	)		(6,939,388	)		41,819			130,942
Net assets at beginning of year		21,108,283			28,047,671			313,241			182,299

Net assets at end of year	$	20,868,196		$	21,108,283		$	355,060		$	313,241

The accompanying notes are an integral part of these financial statements.

- 118 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	L16 Sub-Account						L18 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	168,986		$	108,481		$	(257,082	)	$	(298,640	)
Net realized gains (losses)		(54,405	)		(53,373	)		(1,168,030	)		1,455,599
Net change in unrealized appreciation/(depreciation)		83,140			(491,578	)		2,700,330			(8,591,677	)

Increase (decrease) in net assets from operations		197,721			(436,470	)		1,275,218			(7,434,718	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		161,339			520,967			286,328			194,888
Transfers between Sub-Accounts (including the Fixed Account), net		968,860			285,976			436,580			2,192,089
Withdrawals, surrenders, annuitizations and contract charges		(135,813	)		(117,644	)		(2,109,303	)		(1,972,384	)

Net accumulation activity		994,386			689,299			(1,386,395	)		414,593

*Annuitization Activity:*
Annuitizations		—			—			4,755			7,668
Annuity payments and contract charges		—			—			(4,014	)		(6,967	)
Adjustments to annuity reserves		—			—			357			(2,323	)

Net annuitization activity		—			—			1,098			(1,622	)

Net increase (decrease) from contract owner transactions		994,386			689,299			(1,385,297	)		412,971

Total increase (decrease) in net assets		1,192,107			252,829			(110,079	)		(7,021,747	)
Net assets at beginning of year		3,095,143			2,842,314			15,008,904			22,030,651

Net assets at end of year	$	4,287,250		$	3,095,143		$	14,898,825		$	15,008,904

The accompanying notes are an integral part of these financial statements.

- 119 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	L17 Sub-Account						L19 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(273,531	)	$	(185,945	)	$	55,428		$	23,689
Net realized gains (losses)		620,610			3,248,153			(12,091	)		(2,918	)
Net change in unrealized appreciation/(depreciation)		2,494,209			(7,114,413	)		11,628			(69,026	)

Increase (decrease) in net assets from operations		2,841,288			(4,052,205	)		54,965			(48,255	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		183,234			193,941			319,798			213,359
Transfers between Sub-Accounts (including the Fixed Account), net		(707,358	)		(1,184,550	)		137,330			532,068
Withdrawals, surrenders, annuitizations and contract charges		(3,180,708	)		(2,684,065	)		(71,595	)		(17,994	)

Net accumulation activity		(3,704,832	)		(3,674,674	)		385,533			727,433

*Annuitization Activity:*
Annuitizations		6,534			—			—			—
Annuity payments and contract charges		(5,168	)		(2,845	)		—			—
Adjustments to annuity reserves		46			(95	)		—			—

Net annuitization activity		1,412			(2,940	)		—			—

Net increase (decrease) from contract owner transactions		(3,703,420	)		(3,677,614	)		385,533			727,433

Total increase (decrease) in net assets		(862,132	)		(7,729,819	)		440,498			679,178
Net assets at beginning of year		24,384,323			32,114,142			1,191,944			512,766

Net assets at end of year	$	23,522,191		$	24,384,323		$	1,632,442		$	1,191,944

The accompanying notes are an integral part of these financial statements.

- 120 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M07 Sub-Account						M35 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	1,504,594		$	759,424		$	369,702		$	(392,235	)
Net realized gains (losses)		9,415,724			25,323,751			7,701,463			21,868,573
Net change in unrealized appreciation/(depreciation)		9,109,391			(57,966,295	)		8,002,742			(51,081,196	)

Increase (decrease) in net assets from operations		20,029,709			(31,883,120	)		16,073,907			(29,604,858	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		5,999,240			6,226,366			3,857,327			5,129,504
Transfers between Sub-Accounts (including the Fixed Account), net		(258,007	)		2,417,874			271,062			(1,191,345	)
Withdrawals, surrenders, annuitizations and contract charges		(35,942,206	)		(34,532,041	)		(32,340,508	)		(28,929,425	)

Net accumulation activity		(30,200,973	)		(25,887,801	)		(28,212,119	)		(24,991,266	)

*Annuitization Activity:*
Annuitizations		1,470,406			538,233			75,279			100,704
Annuity payments and contract charges		(756,451	)		(807,097	)		(195,664	)		(208,480	)
Adjustments to annuity reserves		(193,215	)		264,744			(158,899	)		165,053

Net annuitization activity		520,740			(4,120	)		(279,284	)		57,277

Net increase (decrease) from contract owner transactions		(29,680,233	)		(25,891,921	)		(28,491,403	)		(24,933,989	)

Total increase (decrease) in net assets		(9,650,524	)		(57,775,041	)		(12,417,496	)		(54,538,847	)
Net assets at beginning of year		244,855,536			302,630,577			211,768,681			266,307,528

Net assets at end of year	$	235,205,012		$	244,855,536		$	199,351,185		$	211,768,681

The accompanying notes are an integral part of these financial statements.

- 121 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M31 Sub-Account						M80 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(1,801,582	)	$	(1,942,759	)	$	(310,765	)	$	(316,538	)
Net realized gains (losses)		15,360,140			23,959,981			1,352,862			2,692,143
Net change in unrealized appreciation/(depreciation)		23,118,631			(81,243,945	)		4,474,225			(10,767,033	)

Increase (decrease) in net assets from operations		36,677,189			(59,226,723	)		5,516,322			(8,391,428	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,193,633			3,322,280			686,510			686,033
Transfers between Sub-Accounts (including the Fixed Account), net		(2,058,045	)		(680,877	)		197,699			1,922,766
Withdrawals, surrenders, annuitizations and contract charges		(14,367,732	)		(16,636,293	)		(2,429,710	)		(2,198,082	)

Net accumulation activity		(14,232,144	)		(13,994,890	)		(1,545,501	)		410,717

*Annuitization Activity:*
Annuitizations		167,205			995,128			27,641			—
Annuity payments and contract charges		(753,543	)		(322,233	)		(16,135	)		(18,044	)
Adjustments to annuity reserves		547,070			25,834			(28,028	)		16,519

Net annuitization activity		(39,268	)		698,729			(16,522	)		(1,525	)

Net increase (decrease) from contract owner transactions		(14,271,412	)		(13,296,161	)		(1,562,023	)		409,192

Total increase (decrease) in net assets		22,405,777			(72,522,884	)		3,954,299			(7,982,236	)
Net assets at beginning of year		114,428,694			186,951,578			17,432,686			25,414,922

Net assets at end of year	$	136,834,471		$	114,428,694		$	21,386,985		$	17,432,686

The accompanying notes are an integral part of these financial statements.

- 122 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M10 Sub-Account						MF1 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(1,087	)	$	(546	)	$	(253,714	)	$	(281,881	)
Net realized gains (losses)		8,353			10,685			(407,214	)		2,596,062
Net change in unrealized appreciation/(depreciation)		17,960			(21,734	)		3,811,072			(10,241,852	)

Increase (decrease) in net assets from operations		25,226			(11,595	)		3,150,144			(7,927,671	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			251,409			359,379
Transfers between Sub-Accounts (including the Fixed Account), net		60,050			70,727			16,257			(744,277	)
Withdrawals, surrenders, annuitizations and contract charges		(2,832	)		(1,657	)		(2,065,012	)		(2,015,016	)

Net accumulation activity		57,218			69,070			(1,797,346	)		(2,399,914	)

*Annuitization Activity:*
Annuitizations		—			—			30,920			3,090
Annuity payments and contract charges		—			—			(97,228	)		(40,032	)
Adjustments to annuity reserves		—			—			(1,271	)		(5,929	)

Net annuitization activity		—			—			(67,579	)		(42,871	)

Net increase (decrease) from contract owner transactions		57,218			69,070			(1,864,925	)		(2,442,785	)

Total increase (decrease) in net assets		82,444			57,475			1,285,219			(10,370,456	)
Net assets at beginning of year		109,131			51,656			17,017,143			27,387,599

Net assets at end of year	$	191,575		$	109,131		$	18,302,362		$	17,017,143

The accompanying notes are an integral part of these financial statements.

- 123 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M41 Sub-Account						M05 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(387,222	)	$	(405,855	)	$	(507,417	)	$	(583,206	)
Net realized gains (losses)		(936,408	)		3,161,445			(3,343,579	)		11,015,320
Net change in unrealized appreciation/(depreciation)		5,579,283			(12,447,237	)		8,052,943			(27,343,706	)

Increase (decrease) in net assets from operations		4,255,653			(9,691,647	)		4,201,947			(16,911,592	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		932,088			909,952			607,110			1,026,719
Transfers between Sub-Accounts (including the Fixed Account), net		(205,735	)		2,580,782			(4,018	)		(850,487	)
Withdrawals, surrenders, annuitizations and contract charges		(2,978,580	)		(2,466,888	)		(4,258,097	)		(4,488,064	)

Net accumulation activity		(2,252,227	)		1,023,846			(3,655,005	)		(4,311,832	)

*Annuitization Activity:*
Annuitizations		3,047			—			31,328			3,482
Annuity payments and contract charges		(35,193	)		(27,322	)		(39,085	)		(59,680	)
Adjustments to annuity reserves		17,096			(893	)		(1,183	)		6,242

Net annuitization activity		(15,050	)		(28,215	)		(8,940	)		(49,956	)

Net increase (decrease) from contract owner transactions		(2,267,277	)		995,631			(3,663,945	)		(4,361,788	)

Total increase (decrease) in net assets		1,988,376			(8,696,016	)		538,002			(21,273,380	)
Net assets at beginning of year		23,361,179			32,057,195			34,977,512			56,250,892

Net assets at end of year	$	25,349,555		$	23,361,179		$	35,515,514		$	34,977,512

The accompanying notes are an integral part of these financial statements.

- 124 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M42 Sub-Account						M89 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(471,072	)	$	(519,230	)	$	4,052,960		$	2,809,736
Net realized gains (losses)		(4,360,331	)		8,713,181			(8,427,640	)		(3,155,225	)
Net change in unrealized appreciation/(depreciation)		8,287,767			(20,979,811	)		19,642,012			(60,406,324	)

Increase (decrease) in net assets from operations		3,456,364			(12,785,860	)		15,267,332			(60,751,813	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		733,924			829,366			3,352,149			4,081,677
Transfers between Sub-Accounts (including the Fixed Account), net		815,288			4,180,947			14,114,458			(3,442,288	)
Withdrawals, surrenders, annuitizations and contract charges		(4,062,586	)		(3,572,703	)		(42,039,283	)		(44,030,320	)

Net accumulation activity		(2,513,374	)		1,437,610			(24,572,676	)		(43,390,931	)

*Annuitization Activity:*
Annuitizations		8,328			18,540			65,794			86,657
Annuity payments and contract charges		(14,696	)		(23,139	)		(64,986	)		(109,272	)
Adjustments to annuity reserves		(582	)		(3,572	)		3,140			27,616

Net annuitization activity		(6,950	)		(8,171	)		3,948			5,001

Net increase (decrease) from contract owner transactions		(2,520,324	)		1,429,439			(24,568,728	)		(43,385,930	)

Total increase (decrease) in net assets		936,040			(11,356,421	)		(9,301,396	)		(104,137,743	)
Net assets at beginning of year		29,122,159			40,478,580			300,117,887			404,255,630

Net assets at end of year	$	30,058,199		$	29,122,159		$	290,816,491		$	300,117,887

The accompanying notes are an integral part of these financial statements.

- 125 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M82 Sub-Account						M44 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(1,230,616	)	$	(1,420,295	)	$	1,503,731		$	812,841
Net realized gains (losses)		6,169,932			15,353,925			5,693,996			4,054,203
Net change in unrealized appreciation/(depreciation)		10,895,518			(35,307,046	)		(10,142,733	)		(5,606,255	)

Increase (decrease) in net assets from operations		15,834,834			(21,373,416	)		(2,945,006	)		(739,211	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,660,504			828,585			1,867,947			2,136,136
Transfers between Sub-Accounts (including the Fixed Account), net		(4,501,679	)		192,596			(978,439	)		(605,885	)
Withdrawals, surrenders, annuitizations and contract charges		(12,503,720	)		(10,888,351	)		(11,566,219	)		(10,434,546	)

Net accumulation activity		(15,344,895	)		(9,867,170	)		(10,676,711	)		(8,904,295	)

*Annuitization Activity:*
Annuitizations		—			31,065			261,441			733,847
Annuity payments and contract charges		(20,397	)		(18,821	)		(417,280	)		(352,801	)
Adjustments to annuity reserves		3,306			(1,695	)		(37,949	)		55,561

Net annuitization activity		(17,091	)		10,549			(193,788	)		436,607

Net increase (decrease) from contract owner transactions		(15,361,986	)		(9,856,621	)		(10,870,499	)		(8,467,688	)

Total increase (decrease) in net assets		472,848			(31,230,037	)		(13,815,505	)		(9,206,899	)
Net assets at beginning of year		85,822,601			117,052,638			81,251,500			90,458,399

Net assets at end of year	$	86,295,449		$	85,822,601		$	67,435,995		$	81,251,500

The accompanying notes are an integral part of these financial statements.

- 126 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M40 Sub-Account						M83 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	566,006		$	222,066		$	67,125		$	(389,129	)
Net realized gains (losses)		2,533,050			4,088,711			14,019,626			16,717,840
Net change in unrealized appreciation/(depreciation)		(4,511,523	)		(4,865,351	)		(4,429,401	)		(32,201,874	)

Increase (decrease) in net assets from operations		(1,412,467	)		(554,574	)		9,657,350			(15,873,163	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		801,100			1,328,509			3,186,001			3,292,196
Transfers between Sub-Accounts (including the Fixed Account), net		2,087,716			(2,770,213	)		2,810,183			(6,179,784	)
Withdrawals, surrenders, annuitizations and contract charges		(3,944,007	)		(5,040,065	)		(23,640,835	)		(21,451,450	)

Net accumulation activity		(1,055,191	)		(6,481,769	)		(17,644,651	)		(24,339,038	)

*Annuitization Activity:*
Annuitizations		13,139			3,154			124,816			378,564
Annuity payments and contract charges		(71,101	)		(10,657	)		(495,056	)		(342,234	)
Adjustments to annuity reserves		(67,793	)		68,040			(6,385	)		(26,079	)

Net annuitization activity		(125,755	)		60,537			(376,625	)		10,251

Net increase (decrease) from contract owner transactions		(1,180,946	)		(6,421,232	)		(18,021,276	)		(24,328,787	)

Total increase (decrease) in net assets		(2,593,413	)		(6,975,806	)		(8,363,926	)		(40,201,950	)
Net assets at beginning of year		36,436,059			43,411,865			170,707,884			210,909,834

Net assets at end of year	$	33,842,646		$	36,436,059		$	162,343,958		$	170,707,884

The accompanying notes are an integral part of these financial statements.

- 127 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M08 Sub-Account						MB6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(194,641	)	$	(446,389	)	$	(43,141	)	$	(707,888	)
Net realized gains (losses)		6,326,306			8,043,674			20,706,505			46,755,110
Net change in unrealized appreciation/(depreciation)		(1,774,128	)		(15,755,297	)		29,193,851			(91,952,019	)

Increase (decrease) in net assets from operations		4,357,537			(8,158,012	)		49,857,215			(45,904,797	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,594,168			1,348,236			4,463,901			6,547,881
Transfers between Sub-Accounts (including the Fixed Account), net		1,144,732			(5,654,602	)		(3,253,978	)		(3,718,499	)
Withdrawals, surrenders, annuitizations and contract charges		(10,973,101	)		(10,967,590	)		(33,949,181	)		(32,302,018	)

Net accumulation activity		(8,234,201	)		(15,273,956	)		(32,739,258	)		(29,472,636	)

*Annuitization Activity:*
Annuitizations		107,135			—			1,017,344			329,393
Annuity payments and contract charges		(125,168	)		(93,200	)		(735,052	)		(751,781	)
Adjustments to annuity reserves		12,578			33,585			(85,009	)		(107,374	)

Net annuitization activity		(5,455	)		(59,615	)		197,283			(529,762	)

Net increase (decrease) from contract owner transactions		(8,239,656	)		(15,333,571	)		(32,541,975	)		(30,002,398	)

Total increase (decrease) in net assets		(3,882,119	)		(23,491,583	)		17,315,240			(75,907,195	)
Net assets at beginning of year		81,030,323			104,521,906			201,501,244			277,408,439

Net assets at end of year	$	77,148,204		$	81,030,323		$	218,816,484		$	201,501,244

The accompanying notes are an integral part of these financial statements.

- 128 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MB7 Sub-Account						MC0 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(262,679	)	$	(400,413	)	$	748,251		$	674,064
Net realized gains (losses)		3,569,803			9,366,981			(1,446,003	)		917,168
Net change in unrealized appreciation/(depreciation)		6,586,189			(18,750,226	)		2,894,199			(8,984,978	)

Increase (decrease) in net assets from operations		9,893,313			(9,783,658	)		2,196,447			(7,393,746	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		973,291			1,366,227			1,187,516			550,287
Transfers between Sub-Accounts (including the Fixed Account), net		(3,082,302	)		209,229			373,680			(667,633	)
Withdrawals, surrenders, annuitizations and contract charges		(7,693,226	)		(6,648,058	)		(5,014,438	)		(4,685,723	)

Net accumulation activity		(9,802,237	)		(5,072,602	)		(3,453,242	)		(4,803,069	)

*Annuitization Activity:*
Annuitizations		19,424			37,534			24,016			24,050
Annuity payments and contract charges		(52,452	)		(70,974	)		(37,458	)		(41,694	)
Adjustments to annuity reserves		(31,099	)		21,728			7,219			(13,892	)

Net annuitization activity		(64,127	)		(11,712	)		(6,223	)		(31,536	)

Net increase (decrease) from contract owner transactions		(9,866,364	)		(5,084,314	)		(3,459,465	)		(4,834,605	)

Total increase (decrease) in net assets		26,949			(14,867,972	)		(1,263,018	)		(12,228,351	)
Net assets at beginning of year		42,091,993			56,959,965			31,337,326			43,565,677

Net assets at end of year	$	42,118,942		$	42,091,993		$	30,074,308		$	31,337,326

The accompanying notes are an integral part of these financial statements.

- 129 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MA0 Sub-Account						MC2 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	1,653,689		$	1,241,308		$	(763,582	)	$	(1,034,427	)
Net realized gains (losses)		(3,420,553	)		2,091,275			6,039,403			13,518,915
Net change in unrealized appreciation/(depreciation)		7,136,597			(22,191,034	)		11,047,125			(32,593,049	)

Increase (decrease) in net assets from operations		5,369,733			(18,858,451	)		16,322,946			(20,108,561	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,363,335			828,275			2,223,891			1,867,653
Transfers between Sub-Accounts (including the Fixed Account), net		5,739,472			(1,517,545	)		(346,745	)		(724,779	)
Withdrawals, surrenders, annuitizations and contract charges		(11,364,021	)		(10,450,528	)		(12,783,195	)		(11,872,530	)

Net accumulation activity		(4,261,214	)		(11,139,798	)		(10,906,049	)		(10,729,656	)

*Annuitization Activity:*
Annuitizations		87,609			97,296			159,468			97,051
Annuity payments and contract charges		(61,220	)		(68,905	)		(256,716	)		(169,790	)
Adjustments to annuity reserves		(426	)		(15,967	)		(10,621	)		(51,809	)

Net annuitization activity		25,963			12,424			(107,869	)		(124,548	)

Net increase (decrease) from contract owner transactions		(4,235,251	)		(11,127,374	)		(11,013,918	)		(10,854,204	)

Total increase (decrease) in net assets		1,134,482			(29,985,825	)		5,309,028			(30,962,765	)
Net assets at beginning of year		78,378,677			108,364,502			81,815,665			112,778,430

Net assets at end of year	$	79,513,159		$	78,378,677		$	87,124,693		$	81,815,665

The accompanying notes are an integral part of these financial statements.

- 130 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MC1 Sub-Account						MC3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(557,557	)	$	(704,361	)	$	(290	)	$	289,126
Net realized gains (losses)		2,605,497			5,865,570			(422,595	)		519,783
Net change in unrealized appreciation/(depreciation)		6,509,021			(15,645,751	)		1,311,120			(3,560,455	)

Increase (decrease) in net assets from operations		8,556,961			(10,484,542	)		888,235			(2,751,546	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		783,721			431,311			277,332			265,177
Transfers between Sub-Accounts (including the Fixed Account), net		(1,637,325	)		(406,902	)		86,188			65,988
Withdrawals, surrenders, annuitizations and contract charges		(4,695,828	)		(3,297,698	)		(1,397,159	)		(1,156,172	)

Net accumulation activity		(5,549,432	)		(3,273,289	)		(1,033,639	)		(825,007	)

*Annuitization Activity:*
Annuitizations		—			30,354			1,564			10,392
Annuity payments and contract charges		(56,121	)		(69,189	)		(13,373	)		(10,131	)
Adjustments to annuity reserves		1,439			(22,830	)		(3,438	)		(13,056	)

Net annuitization activity		(54,682	)		(61,665	)		(15,247	)		(12,795	)

Net increase (decrease) from contract owner transactions		(5,604,114	)		(3,334,954	)		(1,048,886	)		(837,802	)

Total increase (decrease) in net assets		2,952,847			(13,819,496	)		(160,651	)		(3,589,348	)
Net assets at beginning of year		43,673,561			57,493,057			9,929,839			13,519,187

Net assets at end of year	$	46,626,408		$	43,673,561		$	9,769,188		$	9,929,839

The accompanying notes are an integral part of these financial statements.

- 131 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MA1 Sub-Account						MC4 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(54,151	)	$	261,285		$	(73,265	)	$	1,538
Net realized gains (losses)		(656,426	)		365,916			(208,143	)		(192,331	)
Net change in unrealized appreciation/(depreciation)		1,653,745			(3,705,487	)		326,066			(1,162,413	)

Increase (decrease) in net assets from operations		943,168			(3,078,286	)		44,658			(1,353,206	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		303,902			94,622			71,410			213,953
Transfers between Sub-Accounts (including the Fixed Account), net		(80,778	)		388,856			176,015			(207,591	)
Withdrawals, surrenders, annuitizations and contract charges		(1,452,312	)		(1,363,125	)		(945,396	)		(914,785	)

Net accumulation activity		(1,229,188	)		(879,647	)		(697,971	)		(908,423	)

*Annuitization Activity:*
Annuitizations		1,214			5,781			—			32,649
Annuity payments and contract charges		(1,684	)		(64	)		(6,371	)		(14,835	)
Adjustments to annuity reserves		29			111			(4,283	)		1,592

Net annuitization activity		(441	)		5,828			(10,654	)		19,406

Net increase (decrease) from contract owner transactions		(1,229,629	)		(873,819	)		(708,625	)		(889,017	)

Total increase (decrease) in net assets		(286,461	)		(3,952,105	)		(663,967	)		(2,242,223	)
Net assets at beginning of year		10,840,337			14,792,442			5,548,730			7,790,953

Net assets at end of year	$	10,553,876		$	10,840,337		$	4,884,763		$	5,548,730

The accompanying notes are an integral part of these financial statements.

- 132 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MC5 Sub-Account						MC6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(8,320	)	$	(2,772	)	$	(483,283	)	$	(503,141	)
Net realized gains (losses)		(18,633	)		(35,444	)		3,022,228			6,761,403
Net change in unrealized appreciation/(depreciation)		28,789			(103,809	)		4,153,774			(16,417,742	)

Increase (decrease) in net assets from operations		1,836			(142,025	)		6,692,719			(10,159,480	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		9,363			11,201			587,741			880,487
Transfers between Sub-Accounts (including the Fixed Account), net		35,197			(2,221	)		(78,646	)		(260,082	)
Withdrawals, surrenders, annuitizations and contract charges		(85,260	)		(110,901	)		(5,616,421	)		(4,484,921	)

Net accumulation activity		(40,700	)		(101,921	)		(5,107,326	)		(3,864,516	)

*Annuitization Activity:*
Annuitizations		—			—			80,666			—
Annuity payments and contract charges		—			—			(85,415	)		(184,751	)
Adjustments to annuity reserves		—			—			4,165			(11,461	)

Net annuitization activity		—			—			(584	)		(196,212	)

Net increase (decrease) from contract owner transactions		(40,700	)		(101,921	)		(5,107,910	)		(4,060,728	)

Total increase (decrease) in net assets		(38,864	)		(243,946	)		1,584,809			(14,220,208	)
Net assets at beginning of year		530,405			774,351			36,937,950			51,158,158

Net assets at end of year	$	491,541		$	530,405		$	38,522,759		$	36,937,950

The accompanying notes are an integral part of these financial statements.

- 133 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MC7 Sub-Account						MC8 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(96,553	)	$	(87,332	)	$	(302,206	)	$	(582,519	)
Net realized gains (losses)		263,088			745,697			7,370,871			9,931,192
Net change in unrealized appreciation/(depreciation)		1,094,143			(2,141,916	)		3,437,806			(25,496,751	)

Increase (decrease) in net assets from operations		1,260,678			(1,483,551	)		10,506,471			(16,148,078	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		579,396			929,696			1,110,367			1,373,550
Transfers between Sub-Accounts (including the Fixed Account), net		681,050			170,086			(511,154	)		(647,912	)
Withdrawals, surrenders, annuitizations and contract charges		(527,426	)		(257,743	)		(8,770,617	)		(8,321,122	)

Net accumulation activity		733,020			842,039			(8,171,404	)		(7,595,484	)

*Annuitization Activity:*
Annuitizations		—			—			84,445			371,631
Annuity payments and contract charges		(3,200	)		(4,114	)		(358,812	)		(197,258	)
Adjustments to annuity reserves		(1	)		1			220,277			(67,938	)

Net annuitization activity		(3,201	)		(4,113	)		(54,090	)		106,435

Net increase (decrease) from contract owner transactions		729,819			837,926			(8,225,494	)		(7,489,049	)

Total increase (decrease) in net assets		1,990,497			(645,625	)		2,280,977			(23,637,127	)
Net assets at beginning of year		6,461,882			7,107,507			63,911,599			87,548,726

Net assets at end of year	$	8,452,379		$	6,461,882		$	66,192,576		$	63,911,599

The accompanying notes are an integral part of these financial statements.

- 134 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MC9 Sub-Account						MD0 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(29,482	)	$	(47,295	)	$	(273,760	)	$	219,986
Net realized gains (losses)		228,922			428,654			224,636			1,399,587
Net change in unrealized appreciation/(depreciation)		313,045			(1,249,293	)		2,151,830			(4,469,857	)

Increase (decrease) in net assets from operations		512,485			(867,934	)		2,102,706			(2,850,284	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		60,733			77,546			513,244			466,282
Transfers between Sub-Accounts (including the Fixed Account), net		(127,403	)		188,564			(83,764	)		31,916
Withdrawals, surrenders, annuitizations and contract charges		(436,955	)		(653,737	)		(3,513,377	)		(3,346,779	)

Net accumulation activity		(503,625	)		(387,627	)		(3,083,897	)		(2,848,581	)

*Annuitization Activity:*
Annuitizations		78,296			—			2,663			64,660
Annuity payments and contract charges		(17,981	)		(9,369	)		(72,348	)		(94,269	)
Adjustments to annuity reserves		(2,559	)		3			13,898			14,686

Net annuitization activity		57,756			(9,366	)		(55,787	)		(14,923	)

Net increase (decrease) from contract owner transactions		(445,869	)		(396,993	)		(3,139,684	)		(2,863,504	)

Total increase (decrease) in net assets		66,616			(1,264,927	)		(1,036,978	)		(5,713,788	)
Net assets at beginning of year		3,218,051			4,482,978			28,310,604			34,024,392

Net assets at end of year	$	3,284,667		$	3,218,051		$	27,273,626		$	28,310,604

The accompanying notes are an integral part of these financial statements.

- 135 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M92 Sub-Account						M96 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(4,857,769	)	$	1,185,434		$	29,002		$	326,228
Net realized gains (losses)		728,252			18,861,794			(1,746,257	)		(1,672,784	)
Net change in unrealized appreciation/(depreciation)		28,692,355			(59,786,984	)		2,929,778			(6,889,947	)

Increase (decrease) in net assets from operations		24,562,838			(39,739,756	)		1,212,523			(8,236,503	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		3,742,977			5,383,023			1,264,156			2,486,037
Transfers between Sub-Accounts (including the Fixed Account), net		(1,372,232	)		(13,546,513	)		2,179,904			(1,030,226	)
Withdrawals, surrenders, annuitizations and contract charges		(50,825,321	)		(50,721,911	)		(7,504,152	)		(9,166,346	)

Net accumulation activity		(48,454,576	)		(58,885,401	)		(4,060,092	)		(7,710,535	)

*Annuitization Activity:*
Annuitizations		—			107,587			50,314			309,895
Annuity payments and contract charges		(52,438	)		(51,848	)		(194,312	)		(238,604	)
Adjustments to annuity reserves		10,276			100,705			(78,649	)		18,124

Net annuitization activity		(42,162	)		156,444			(222,647	)		89,415

Net increase (decrease) from contract owner transactions		(48,496,738	)		(58,728,957	)		(4,282,739	)		(7,621,120	)

Total increase (decrease) in net assets		(23,933,900	)		(98,468,713	)		(3,070,216	)		(15,857,623	)
Net assets at beginning of year		354,513,553			452,982,266			49,232,640			65,090,263

Net assets at end of year	$	330,579,653		$	354,513,553		$	46,162,424		$	49,232,640

The accompanying notes are an integral part of these financial statements.

- 136 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MD2 Sub-Account						MA6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(421,730	)	$	72,695		$	1,304,213		$	1,350,555
Net realized gains (losses)		(2,815,747	)		(3,265,493	)		(981,444	)		(1,088,107	)
Net change in unrealized appreciation/(depreciation)		5,367,660			(14,638,730	)		2,710,019			(4,869,759	)

Increase (decrease) in net assets from operations		2,130,183			(17,831,528	)		3,032,788			(4,607,311	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,343,555			2,095,071			502,873			1,105,155
Transfers between Sub-Accounts (including the Fixed Account), net		8,176,584			(3,129,965	)		139,517			(1,394,287	)
Withdrawals, surrenders, annuitizations and contract charges		(14,499,562	)		(16,158,948	)		(4,695,342	)		(5,278,942	)

Net accumulation activity		(4,979,423	)		(17,193,842	)		(4,052,952	)		(5,568,074	)

*Annuitization Activity:*
Annuitizations		206,743			37,613			18,564			180,692
Annuity payments and contract charges		(60,159	)		(50,771	)		(183,437	)		(162,385	)
Adjustments to annuity reserves		(2,788	)		(9,701	)		71,898			14,997

Net annuitization activity		143,796			(22,859	)		(92,975	)		33,304

Net increase (decrease) from contract owner transactions		(4,835,627	)		(17,216,701	)		(4,145,927	)		(5,534,770	)

Total increase (decrease) in net assets		(2,705,444	)		(35,048,229	)		(1,113,139	)		(10,142,081	)
Net assets at beginning of year		102,071,534			137,119,763			30,575,876			40,717,957

Net assets at end of year	$	99,366,090		$	102,071,534		$	29,462,737		$	30,575,876

The accompanying notes are an integral part of these financial statements.

- 137 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MA3 Sub-Account						M97 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	857,568		$	920,190		$	(97,573	)	$	(239,689	)
Net realized gains (losses)		(887,132	)		(854,165	)		1,090,103			1,804,896
Net change in unrealized appreciation/(depreciation)		2,278,786			(3,776,806	)		2,209,794			(7,095,916	)

Increase (decrease) in net assets from operations		2,249,222			(3,710,781	)		3,202,324			(5,530,709	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		561,206			705,730			640,063			903,183
Transfers between Sub-Accounts (including the Fixed Account), net		48,897			(897,623	)		691,166			(974,520	)
Withdrawals, surrenders, annuitizations and contract charges		(3,963,687	)		(4,039,333	)		(3,144,683	)		(3,448,174	)

Net accumulation activity		(3,353,584	)		(4,231,226	)		(1,813,454	)		(3,519,511	)

*Annuitization Activity:*
Annuitizations		76,081			8,436			22,422			7,715
Annuity payments and contract charges		(91,544	)		(42,048	)		(141,636	)		(108,554	)
Adjustments to annuity reserves		(19,761	)		(4,066	)		3,785			(16,406	)

Net annuitization activity		(35,224	)		(37,678	)		(115,429	)		(117,245	)

Net increase (decrease) from contract owner transactions		(3,388,808	)		(4,268,904	)		(1,928,883	)		(3,636,756	)

Total increase (decrease) in net assets		(1,139,586	)		(7,979,685	)		1,273,441			(9,167,465	)
Net assets at beginning of year		23,244,962			31,224,647			25,378,708			34,546,173

Net assets at end of year	$	22,105,376		$	23,244,962		$	26,652,149		$	25,378,708

The accompanying notes are an integral part of these financial statements.

- 138 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MD5 Sub-Account						M98 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(87,138	)	$	(156,063	)	$	(203,361	)	$	(203,776	)
Net realized gains (losses)		402,907			673,827			3,215,816			2,963,356
Net change in unrealized appreciation/(depreciation)		1,006,119			(2,988,713	)		1,179,426			(12,708,627	)

Increase (decrease) in net assets from operations		1,321,888			(2,470,949	)		4,191,881			(9,949,047	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		196,417			241,145			338,631			753,554
Transfers between Sub-Accounts (including the Fixed Account), net		(24,052	)		(455,000	)		(83,967	)		(565,202	)
Withdrawals, surrenders, annuitizations and contract charges		(1,568,585	)		(1,381,449	)		(3,797,087	)		(3,486,984	)

Net accumulation activity		(1,396,220	)		(1,595,304	)		(3,542,423	)		(3,298,632	)

*Annuitization Activity:*
Annuitizations		—			6,635			17,209			3,874
Annuity payments and contract charges		(35,958	)		(18,706	)		(53,545	)		(56,346	)
Adjustments to annuity reserves		19,814			288			(5,397	)		(24,049	)

Net annuitization activity		(16,144	)		(11,783	)		(41,733	)		(76,521	)

Net increase (decrease) from contract owner transactions		(1,412,364	)		(1,607,087	)		(3,584,156	)		(3,375,153	)

Total increase (decrease) in net assets		(90,476	)		(4,078,036	)		607,725			(13,324,200	)
Net assets at beginning of year		10,968,471			15,046,507			27,693,190			41,017,390

Net assets at end of year	$	10,877,995		$	10,968,471		$	28,300,915		$	27,693,190

The accompanying notes are an integral part of these financial statements.

- 139 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M93 Sub-Account						MD6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(698,793	)	$	(753,619	)	$	(3,098,407	)	$	(3,936,071	)
Net realized gains (losses)		6,398,354			5,516,622			23,683,688			51,842,975
Net change in unrealized appreciation/(depreciation)		2,419,238			(24,223,758	)		35,049,914			(122,381,230	)

Increase (decrease) in net assets from operations		8,118,799			(19,460,755	)		55,635,195			(74,474,326	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		994,293			1,187,282			5,100,215			6,730,349
Transfers between Sub-Accounts (including the Fixed Account), net		(2,457,963	)		5,470,479			(2,655,109	)		(5,266,364	)
Withdrawals, surrenders, annuitizations and contract charges		(8,377,418	)		(7,790,808	)		(37,636,688	)		(34,837,044	)

Net accumulation activity		(9,841,088	)		(1,133,047	)		(35,191,582	)		(33,373,059	)

*Annuitization Activity:*
Annuitizations		45,288			14,139			474,675			927,506
Annuity payments and contract charges		(40,337	)		(39,961	)		(1,297,454	)		(1,402,282	)
Adjustments to annuity reserves		(2,823	)		11,195			19,053			(81,540	)

Net annuitization activity		2,128			(14,627	)		(803,726	)		(556,316	)

Net increase (decrease) from contract owner transactions		(9,838,960	)		(1,147,674	)		(35,995,308	)		(33,929,375	)

Total increase (decrease) in net assets		(1,720,161	)		(20,608,429	)		19,639,887			(108,403,701	)
Net assets at beginning of year		57,027,807			77,636,236			267,972,468			376,376,169

Net assets at end of year	$	55,307,646		$	57,027,807		$	287,612,355		$	267,972,468

The accompanying notes are an integral part of these financial statements.

- 140 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MB3 Sub-Account						MD8 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(448,382	)	$	(517,134	)	$	1,073,702		$	(95,699	)
Net realized gains (losses)		2,271,635			5,407,133			—			—
Net change in unrealized appreciation/(depreciation)		3,638,807			(12,783,721	)		—			—

Increase (decrease) in net assets from operations		5,462,060			(7,893,722	)		1,073,702			(95,699	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		785,108			557,069			4,017,610			4,270,930
Transfers between Sub-Accounts (including the Fixed Account), net		(870,967	)		(292,878	)		6,445,682			7,721,929
Withdrawals, surrenders, annuitizations and contract charges		(4,369,334	)		(4,140,940	)		(11,570,487	)		(13,355,526	)

Net accumulation activity		(4,455,193	)		(3,876,749	)		(1,107,195	)		(1,362,667	)

*Annuitization Activity:*
Annuitizations		29,579			—			63,467			38,916
Annuity payments and contract charges		(41,589	)		(59,142	)		(111,149	)		(136,329	)
Adjustments to annuity reserves		615			(4,042	)		(5,647	)		5,847

Net annuitization activity		(11,395	)		(63,184	)		(53,329	)		(91,566	)

Net increase (decrease) from contract owner transactions		(4,466,588	)		(3,939,933	)		(1,160,524	)		(1,454,233	)

Total increase (decrease) in net assets		995,472			(11,833,655	)		(86,822	)		(1,549,932	)
Net assets at beginning of year		27,187,541			39,021,196			35,123,376			36,673,308

Net assets at end of year	$	28,183,013		$	27,187,541		$	35,036,554		$	35,123,376

The accompanying notes are an integral part of these financial statements.

- 141 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MD9 Sub-Account						ME2 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,764,464		$	(478,480	)	$	(57,838	)	$	64,173
Net realized gains (losses)		—			—			223,057			595,387
Net change in unrealized appreciation/(depreciation)		—			—			1,455,074			(4,393,636	)

Increase (decrease) in net assets from operations		2,764,464			(478,480	)		1,620,293			(3,734,076	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,499,671			4,416,338			116,732			235,192
Transfers between Sub-Accounts (including the Fixed Account), net		24,068,680			14,788,289			(219,047	)		(70,478	)
Withdrawals, surrenders, annuitizations and contract charges		(23,566,328	)		(24,339,647	)		(1,579,485	)		(1,518,383	)

Net accumulation activity		3,002,023			(5,135,020	)		(1,681,800	)		(1,353,669	)

*Annuitization Activity:*
Annuitizations		75,224			29,146			3,161			87,449
Annuity payments and contract charges		(102,117	)		(52,241	)		(17,713	)		(13,407	)
Adjustments to annuity reserves		(9,548	)		4,906			147			(1,592	)

Net annuitization activity		(36,441	)		(18,189	)		(14,405	)		72,450

Net increase (decrease) from contract owner transactions		2,965,582			(5,153,209	)		(1,696,205	)		(1,281,219	)

Total increase (decrease) in net assets		5,730,046			(5,631,689	)		(75,912	)		(5,015,295	)
Net assets at beginning of year		92,910,455			98,542,144			14,958,282			19,973,577

Net assets at end of year	$	98,640,501		$	92,910,455		$	14,882,370		$	14,958,282

The accompanying notes are an integral part of these financial statements.

- 142 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	ME3 Sub-Account						MA5 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(249,967	)	$	(25,937	)	$	387,485		$	393,790
Net realized gains (losses)		574,989			1,228,229			(650,270	)		(114,301	)
Net change in unrealized appreciation/(depreciation)		2,509,033			(8,162,961	)		1,306,422			(3,615,704	)

Increase (decrease) in net assets from operations		2,834,055			(6,960,669	)		1,043,637			(3,336,215	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		522,514			302,534			551,299			345,020
Transfers between Sub-Accounts (including the Fixed Account), net		283,811			1,418,892			794,719			367,169
Withdrawals, surrenders, annuitizations and contract charges		(4,137,812	)		(3,604,869	)		(2,873,158	)		(2,001,675	)

Net accumulation activity		(3,331,487	)		(1,883,443	)		(1,527,140	)		(1,289,486	)

*Annuitization Activity:*
Annuitizations		38,964			45,006			19,587			35,189
Annuity payments and contract charges		(29,353	)		(15,891	)		(37,228	)		(195,431	)
Adjustments to annuity reserves		1,704			(12,776	)		(25,915	)		141,673

Net annuitization activity		11,315			16,339			(43,556	)		(18,569	)

Net increase (decrease) from contract owner transactions		(3,320,172	)		(1,867,104	)		(1,570,696	)		(1,308,055	)

Total increase (decrease) in net assets		(486,117	)		(8,827,773	)		(527,059	)		(4,644,270	)
Net assets at beginning of year		27,586,246			36,414,019			18,417,414			23,061,684

Net assets at end of year	$	27,100,129		$	27,586,246		$	17,890,355		$	18,417,414

The accompanying notes are an integral part of these financial statements.

- 143 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MA7 Sub-Account						ME4 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	42,413		$	36,564		$	(221,022	)	$	(228,061	)
Net realized gains (losses)		(60,581	)		(69,391	)		862,765			2,563,544
Net change in unrealized appreciation/(depreciation)		143,676			(454,086	)		5,617,511			(10,067,889	)

Increase (decrease) in net assets from operations		125,508			(486,913	)		6,259,254			(7,732,406	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		10,218			138,203			442,232			155,217
Transfers between Sub-Accounts (including the Fixed Account), net		27,143			(219,479	)		293,910			(226,240	)
Withdrawals, surrenders, annuitizations and contract charges		(264,947	)		(596,871	)		(1,637,700	)		(1,723,259	)

Net accumulation activity		(227,586	)		(678,147	)		(901,558	)		(1,794,282	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			(16,984	)		(32,678	)		(16,013	)
Adjustments to annuity reserves		(351	)		(6,445	)		7,886			(15,603	)

Net annuitization activity		(351	)		(23,429	)		(24,792	)		(31,616	)

Net increase (decrease) from contract owner transactions		(227,937	)		(701,576	)		(926,350	)		(1,825,898	)

Total increase (decrease) in net assets		(102,429	)		(1,188,489	)		5,332,904			(9,558,304	)
Net assets at beginning of year		2,370,712			3,559,201			12,500,200			22,058,504

Net assets at end of year	$	2,268,283		$	2,370,712		$	17,833,104		$	12,500,200

The accompanying notes are an integral part of these financial statements.

- 144 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MA2 Sub-Account						MF3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(141,009	)	$	(121,869	)	$	(446,030	)	$	(516,322	)
Net realized gains (losses)		(547,494	)		926,344			(36,881	)		8,902,547
Net change in unrealized appreciation/(depreciation)		5,385,450			(5,332,662	)		6,701,877			(18,551,313	)

Increase (decrease) in net assets from operations		4,696,947			(4,528,187	)		6,218,966			(10,165,088	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,286,911			1,611,299			1,036,886			1,185,873
Transfers between Sub-Accounts (including the Fixed Account), net		(1,408,041	)		1,258,541			126,616			897,437
Withdrawals, surrenders, annuitizations and contract charges		(549,732	)		(337,475	)		(5,545,091	)		(4,971,027	)

Net accumulation activity		(670,862	)		2,532,365			(4,381,589	)		(2,887,717	)

*Annuitization Activity:*
Annuitizations		—			—			43,210			5,008
Annuity payments and contract charges		—			—			(54,902	)		(39,194	)
Adjustments to annuity reserves		—			—			23,195			3,780

Net annuitization activity		—			—			11,503			(30,406	)

Net increase (decrease) from contract owner transactions		(670,862	)		2,532,365			(4,370,086	)		(2,918,123	)

Total increase (decrease) in net assets		4,026,085			(1,995,822	)		1,848,880			(13,083,211	)
Net assets at beginning of year		9,348,832			11,344,654			40,046,875			53,130,086

Net assets at end of year	$	13,374,917		$	9,348,832		$	41,895,755		$	40,046,875

The accompanying notes are an integral part of these financial statements.

- 145 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MF5 Sub-Account						MF6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,736,462		$	1,175,445		$	(9,446	)	$	(2,130	)
Net realized gains (losses)		236,912			18,816,637			59,810			100,011
Net change in unrealized appreciation/(depreciation)		18,200,263			(81,294,342	)		49,777			(546,648	)

Increase (decrease) in net assets from operations		21,173,637			(61,302,260	)		100,141			(448,767	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		3,102,062			3,902,810			9,563			81,505
Transfers between Sub-Accounts (including the Fixed Account), net		1,791,591			5,202,249			38,430			94,456
Withdrawals, surrenders, annuitizations and contract charges		(43,947,875	)		(39,923,740	)		(123,715	)		(262,862	)

Net accumulation activity		(39,054,222	)		(30,818,681	)		(75,722	)		(86,901	)

*Annuitization Activity:*
Annuitizations		508,545			154,606			—			—
Annuity payments and contract charges		(151,939	)		(313,848	)		—			—
Adjustments to annuity reserves		16,763			6,714			2,207			(2,265	)

Net annuitization activity		373,369			(152,528	)		2,207			(2,265	)

Net increase (decrease) from contract owner transactions		(38,680,853	)		(30,971,209	)		(73,515	)		(89,166	)

Total increase (decrease) in net assets		(17,507,216	)		(92,273,469	)		26,626			(537,933	)
Net assets at beginning of year		280,993,453			373,266,922			1,096,975			1,634,908

Net assets at end of year	$	263,486,237		$	280,993,453		$	1,123,601		$	1,096,975

The accompanying notes are an integral part of these financial statements.

- 146 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MF7 Sub-Account						MF9 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(443,234	)	$	(228,743	)	$	1,517,582		$	(737,085	)
Net realized gains (losses)		1,796,079			3,100,840			14,227,687			29,890,497
Net change in unrealized appreciation/(depreciation)		1,868,918			(16,854,911	)		13,928,740			(92,467,837	)

Increase (decrease) in net assets from operations		3,221,763			(13,982,814	)		29,674,009			(63,314,425	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		899,705			1,023,656			4,176,406			2,944,659
Transfers between Sub-Accounts (including the Fixed Account), net		1,740,711			4,334,772			(2,064,266	)		1,336,505
Withdrawals, surrenders, annuitizations and contract charges		(5,500,742	)		(4,689,920	)		(28,562,157	)		(26,214,694	)

Net accumulation activity		(2,860,326	)		668,508			(26,450,017	)		(21,933,530	)

*Annuitization Activity:*
Annuitizations		18,753			46,098			(58,590	)		263,392
Annuity payments and contract charges		(44,341	)		(29,985	)		(32,769	)		(280,089	)
Adjustments to annuity reserves		9,566			(1,655	)		393,524			(33,361	)

Net annuitization activity		(16,022	)		14,458			302,165			(50,058	)

Net increase (decrease) from contract owner transactions		(2,876,348	)		682,966			(26,147,852	)		(21,983,588	)

Total increase (decrease) in net assets		345,415			(13,299,848	)		3,526,157			(85,298,013	)
Net assets at beginning of year		36,555,087			49,854,935			240,252,292			325,550,305

Net assets at end of year	$	36,900,502		$	36,555,087		$	243,778,449		$	240,252,292

The accompanying notes are an integral part of these financial statements.

- 147 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MG1 Sub-Account						MF2 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	919,439		$	2,252,228		$	(181,056	)	$	255,204
Net realized gains (losses)		(3,859,870	)		5,137,915			(1,211,410	)		(1,090,258	)
Net change in unrealized appreciation/(depreciation)		3,506,530			(32,364,004	)		6,842,343			(8,781,940	)

Increase (decrease) in net assets from operations		566,099			(24,973,861	)		5,449,877			(9,616,994	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,079,163			1,231,536			2,758,189			3,033,854
Transfers between Sub-Accounts (including the Fixed Account), net		3,747,345			8,658,676			4,920,726			(13,333,538	)
Withdrawals, surrenders, annuitizations and contract charges		(11,934,560	)		(13,317,976	)		(20,281,628	)		(20,936,722	)

Net accumulation activity		(7,108,052	)		(3,427,764	)		(12,602,713	)		(31,236,406	)

*Annuitization Activity:*
Annuitizations		9,040			28,767			115,815			147,087
Annuity payments and contract charges		(52,933	)		(9,647	)		(148,995	)		(199,333	)
Adjustments to annuity reserves		7,535			29,181			(4,986	)		51

Net annuitization activity		(36,358	)		48,301			(38,166	)		(52,195	)

Net increase (decrease) from contract owner transactions		(7,144,410	)		(3,379,463	)		(12,640,879	)		(31,288,601	)

Total increase (decrease) in net assets		(6,578,311	)		(28,353,324	)		(7,191,002	)		(40,905,595	)
Net assets at beginning of year		83,417,203			111,770,527			135,946,565			176,852,160

Net assets at end of year	$	76,838,892		$	83,417,203		$	128,755,563		$	135,946,565

The accompanying notes are an integral part of these financial statements.

- 148 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MG2 Sub-Account						MG3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(272,956	)	$	(27,888	)	$	(1,148	)	$	(158,439	)
Net realized gains (losses)		(866,305	)		(551,921	)		928,669			2,362,013
Net change in unrealized appreciation/(depreciation)		4,168,682			(5,099,680	)		907,915			(4,599,556	)

Increase (decrease) in net assets from operations		3,029,421			(5,679,489	)		1,835,436			(2,395,982	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,278,883			798,556			582,060			329,267
Transfers between Sub-Accounts (including the Fixed Account), net		528,790			(3,843,426	)		65,466			(1,041,155	)
Withdrawals, surrenders, annuitizations and contract charges		(11,698,519	)		(10,295,467	)		(2,607,496	)		(2,774,432	)

Net accumulation activity		(9,890,846	)		(13,340,337	)		(1,959,970	)		(3,486,320	)

*Annuitization Activity:*
Annuitizations		9,879			—			26,956			70,388
Annuity payments and contract charges		(3,668	)		(3,112	)		(59,377	)		(45,576	)
Adjustments to annuity reserves		33			373			(741	)		(3,854	)

Net annuitization activity		6,244			(2,739	)		(33,162	)		20,958

Net increase (decrease) from contract owner transactions		(9,884,602	)		(13,343,076	)		(1,993,132	)		(3,465,362	)

Total increase (decrease) in net assets		(6,855,181	)		(19,022,565	)		(157,696	)		(5,861,344	)
Net assets at beginning of year		81,565,582			100,588,147			18,017,985			23,879,329

Net assets at end of year	$	74,710,401		$	81,565,582		$	17,860,289		$	18,017,985

The accompanying notes are an integral part of these financial statements.

- 149 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MG4 Sub-Account						MG6 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(19,918	)	$	(150,637	)	$	7,173,588		$	1,059,764
Net realized gains (losses)		1,163,129			2,085,837			30,620,279			105,034,687
Net change in unrealized appreciation/(depreciation)		535,473			(4,049,797	)		55,016,937			(328,938,251	)

Increase (decrease) in net assets from operations		1,678,684			(2,114,597	)		92,810,804			(222,843,800	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		372,606			558,050			10,761,732			12,784,612
Transfers between Sub-Accounts (including the Fixed Account), net		(196,538	)		(927,615	)		(2,793,752	)		(751,377	)
Withdrawals, surrenders, annuitizations and contract charges		(2,573,714	)		(1,688,694	)		(115,764,563	)		(118,598,328	)

Net accumulation activity		(2,397,646	)		(2,058,259	)		(107,796,583	)		(106,565,093	)

*Annuitization Activity:*
Annuitizations		—			—			151,117			147,389
Annuity payments and contract charges		(553	)		(573	)		(42,690	)		(200,845	)
Adjustments to annuity reserves		116			37			(106,517	)		(460,970	)

Net annuitization activity		(437	)		(536	)		1,910			(514,426	)

Net increase (decrease) from contract owner transactions		(2,398,083	)		(2,058,795	)		(107,794,673	)		(107,079,519	)

Total increase (decrease) in net assets		(719,399	)		(4,173,392	)		(14,983,869	)		(329,923,319	)
Net assets at beginning of year		17,035,863			21,209,255			921,771,209			1,251,694,528

Net assets at end of year	$	16,316,464		$	17,035,863		$	906,787,340		$	921,771,209

The accompanying notes are an integral part of these financial statements.

- 150 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MG7 Sub-Account						V46 Sub-Account⁴
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(50,953	)	$	(103,430	)	$	5,443		$	1,731
Net realized gains (losses)		835,105			2,227,102			(22,016	)		(335	)
Net change in unrealized appreciation/(depreciation)		82,559			(3,394,724	)		19,475			(18,994	)

Increase (decrease) in net assets from operations		866,711			(1,271,052	)		2,902			(17,598	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		137,203			889,835			8,462			45,719
Transfers between Sub-Accounts (including the Fixed Account), net		383,903			309,812			(171,974	)		53,946
Withdrawals, surrenders, annuitizations and contract charges		(672,865	)		(1,018,176	)		(2,680	)		(3,538	)

Net accumulation activity		(151,759	)		181,471			(166,192	)		96,127

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		(3,427	)		(3,600	)		—			—
Adjustments to annuity reserves		310			155			—			—

Net annuitization activity		(3,117	)		(3,445	)		—			—

Net increase (decrease) from contract owner transactions		(154,876	)		178,026			(166,192	)		96,127

Total increase (decrease) in net assets		711,835			(1,093,026	)		(163,290	)		78,529
Net assets at beginning of year		8,752,627			9,845,653			163,290			84,761

Net assets at end of year	$	9,464,462		$	8,752,627		$	—		$	163,290

⁴	The activities for this Sub-Account are for the period from January 1, 2023 to July 25, 2023. Refer to Note 10 for details on this closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 151 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V45 Sub-Account⁵						U43 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(6,341	)	$	(11,331	)	$	14,200		$	16,707
Net realized gains (losses)		(175,065	)		171,689			156,245			50,219
Net change in unrealized appreciation/(depreciation)		410,308			(548,775	)		(125,055	)		(141,483	)

Increase (decrease) in net assets from operations		228,902			(388,417	)		45,390			(74,557	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		175,324			460,832			19,071			559,009
Transfers between Sub-Accounts (including the Fixed Account), net		(2,399,084	)		59,425			241,348			290,690
Withdrawals, surrenders, annuitizations and contract charges		(37,962	)		(60,068	)		(39,393	)		(21,047	)

Net accumulation activity		(2,261,722	)		460,189			221,026			828,652

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(2,261,722	)		460,189			221,026			828,652

Total increase (decrease) in net assets		(2,032,820	)		71,772			266,416			754,095
Net assets at beginning of year		2,032,820			1,961,048			1,236,494			482,399

Net assets at end of year	$	—		$	2,032,820		$	1,502,910		$	1,236,494

⁵	The activities for Morgan Stanley Variable Insurance Fund, Inc. Global Franchise Portfolio, Class II Sub-Account (V45) are for the period from January 1, 2023 to September 18, 2023. Refer to Note 10 for details on this closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 152 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	U41 Sub-Account						V44 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	7,782		$	(15,689	)	$	(285,267	)	$	(285,712	)
Net realized gains (losses)		(24,916	)		218,464			(14,562,634	)		(835,878	)
Net change in unrealized appreciation/(depreciation)		273,490			(427,124	)		22,984,892			(18,403,286	)

Increase (decrease) in net assets from operations		256,356			(224,349	)		8,136,991			(19,524,876	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		317,473			984,197			772,308			2,606,830
Transfers between Sub-Accounts (including the Fixed Account), net		191,195			144,938			(248,719	)		7,855,751
Withdrawals, surrenders, annuitizations and contract charges		(41,620	)		(25,180	)		(1,489,721	)		(1,475,260	)

Net accumulation activity		467,048			1,103,955			(966,132	)		8,987,321

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		467,048			1,103,955			(966,132	)		8,987,321

Total increase (decrease) in net assets		723,404			879,606			7,170,859			(10,537,555	)
Net assets at beginning of year		1,767,484			887,878			17,415,111			27,952,666

Net assets at end of year	$	2,490,888		$	1,767,484		$	24,585,970		$	17,415,111

The accompanying notes are an integral part of these financial statements.

- 153 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V43 Sub-Account						O19 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(76,286	)	$	(84,514	)	$	(198,891	)	$	(221,369	)
Net realized gains (losses)		(3,896,467	)		(777,408	)		(1,078,478	)		4,537,770
Net change in unrealized appreciation/(depreciation)		5,582,082			(4,328,972	)		4,579,466			(9,577,166	)

Increase (decrease) in net assets from operations		1,609,329			(5,190,894	)		3,302,097			(5,260,765	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		100,324			2,839			45,853			582,427
Transfers between Sub-Accounts (including the Fixed Account), net		(753,976	)		2,388,911			(1,002,311	)		637,916
Withdrawals, surrenders, annuitizations and contract charges		(796,003	)		(428,387	)		(1,148,996	)		(1,773,700	)

Net accumulation activity		(1,449,655	)		1,963,363			(2,105,454	)		(553,357	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		(401	)		(561	)		(19,033	)		(26,959	)
Adjustments to annuity reserves		146			(212	)		480			49

Net annuitization activity		(255	)		(773	)		(18,553	)		(26,910	)

Net increase (decrease) from contract owner transactions		(1,449,910	)		1,962,590			(2,124,007	)		(580,267	)

Total increase (decrease) in net assets		159,419			(3,228,304	)		1,178,090			(5,841,032	)
Net assets at beginning of year		4,367,895			7,596,199			10,929,734			16,770,766

Net assets at end of year	$	4,527,314		$	4,367,895		$	12,107,824		$	10,929,734

The accompanying notes are an integral part of these financial statements.

- 154 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	O23 Sub-Account						O20 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	32,303		$	(73,104	)	$	(159,466	)	$	(175,962	)
Net realized gains (losses)		(147,732	)		965,351			796,704			1,717,135
Net change in unrealized appreciation/(depreciation)		1,123,947			(3,535,610	)		2,072,242			(6,151,303	)

Increase (decrease) in net assets from operations		1,008,518			(2,643,363	)		2,709,480			(4,610,130	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,258,062			1,174,499			80,806			106,139
Transfers between Sub-Accounts (including the Fixed Account), net		1,204,986			(2,211,106	)		(1,292,985	)		1,295,869
Withdrawals, surrenders, annuitizations and contract charges		(1,494,224	)		(930,416	)		(1,004,032	)		(1,607,071	)

Net accumulation activity		968,824			(1,967,023	)		(2,216,211	)		(205,063	)

*Annuitization Activity:*
Annuitizations		—			—			—			43,114
Annuity payments and contract charges		—			—			(45,312	)		(4,971	)
Adjustments to annuity reserves		—			—			(792	)		(364	)

Net annuitization activity		—			—			(46,104	)		37,779

Net increase (decrease) from contract owner transactions		968,824			(1,967,023	)		(2,262,315	)		(167,284	)

Total increase (decrease) in net assets		1,977,342			(4,610,386	)		447,165			(4,777,414	)
Net assets at beginning of year		9,204,534			13,814,920			9,242,357			14,019,771

Net assets at end of year	$	11,181,876		$	9,204,534		$	9,689,522		$	9,242,357

The accompanying notes are an integral part of these financial statements.

- 155 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	O21 Sub-Account						O04 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(1,323,473	)	$	(750,684	)	$	(29,425	)	$	(62,789	)
Net realized gains (losses)		(9,539,974	)		43,058,376			26,489			589,413
Net change in unrealized appreciation/(depreciation)		30,779,557			(72,417,880	)		549,850			(1,387,168	)

Increase (decrease) in net assets from operations		19,916,110			(30,110,188	)		546,914			(860,544	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,150,441			2,136,937			161,703			59,040
Transfers between Sub-Accounts (including the Fixed Account), net		(7,304,738	)		6,473,527			1,452			(245,341	)
Withdrawals, surrenders, annuitizations and contract charges		(16,427,104	)		(14,839,518	)		(520,420	)		(546,544	)

Net accumulation activity		(21,581,401	)		(6,229,054	)		(357,265	)		(732,845	)

*Annuitization Activity:*
Annuitizations		102,102			191,243			—			—
Annuity payments and contract charges		(183,013	)		(137,453	)		(6,068	)		(6,335	)
Adjustments to annuity reserves		(7,674	)		(8,013	)		(1	)		2

Net annuitization activity		(88,585	)		45,777			(6,069	)		(6,333	)

Net increase (decrease) from contract owner transactions		(21,669,986	)		(6,183,277	)		(363,334	)		(739,178	)

Total increase (decrease) in net assets		(1,753,876	)		(36,293,465	)		183,580			(1,599,722	)
Net assets at beginning of year		104,815,069			141,108,534			3,647,529			5,247,251

Net assets at end of year	$	103,061,193		$	104,815,069		$	3,831,109		$	3,647,529

The accompanying notes are an integral part of these financial statements.

- 156 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	PH2 Sub-Account						P08 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,288		$	(1,689	)	$	173,177		$	896,242
Net realized gains (losses)		(7,826	)		30,954			(497,124	)		1,134,368
Net change in unrealized appreciation/(depreciation)		45,905			(107,503	)		1,144,910			(4,238,967	)

Increase (decrease) in net assets from operations		40,367			(78,238	)		820,963			(2,208,357	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			30,905			32,427			102,399
Transfers between Sub-Accounts (including the Fixed Account), net		(16,056	)		24,712			764,402			331,259
Withdrawals, surrenders, annuitizations and contract charges		(20,543	)		(138,835	)		(1,618,151	)		(1,760,447	)

Net accumulation activity		(36,599	)		(83,218	)		(821,322	)		(1,326,789	)

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(36,599	)		(83,218	)		(821,322	)		(1,326,789	)

Total increase (decrease) in net assets		3,768			(161,456	)		(359	)		(3,535,146	)
Net assets at beginning of year		206,479			367,935			13,593,699			17,128,845

Net assets at end of year	$	210,247		$	206,479		$	13,593,340		$	13,593,699

The accompanying notes are an integral part of these financial statements.

- 157 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	PC0 Sub-Account						P70 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	130,444		$	706,743		$	422,963		$	497,965
Net realized gains (losses)		(306,276	)		991,406			(151,255	)		118,930
Net change in unrealized appreciation/(depreciation)		816,361			(3,468,013	)		(546,822	)		(595,931	)

Increase (decrease) in net assets from operations		640,529			(1,769,864	)		(275,114	)		20,964

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		20,880			125,949			252,173			1,054,525
Transfers between Sub-Accounts (including the Fixed Account), net		202,300			(234,359	)		(77,015	)		420,089
Withdrawals, surrenders, annuitizations and contract charges		(1,355,050	)		(1,439,219	)		(109,729	)		(79,063	)

Net accumulation activity		(1,131,870	)		(1,547,629	)		65,429			1,395,551

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(1,131,870	)		(1,547,629	)		65,429			1,395,551

Total increase (decrease) in net assets		(491,341	)		(3,317,493	)		(209,685	)		1,416,515
Net assets at beginning of year		10,880,450			14,197,943			3,141,519			1,725,004

Net assets at end of year	$	10,389,109		$	10,880,450		$	2,931,834		$	3,141,519

The accompanying notes are an integral part of these financial statements.

- 158 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P10 Sub-Account						PK8 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	2,314,296		$	4,099,330		$	196,197		$	171,785
Net realized gains (losses)		293,478			2,555,842			(268,485	)		(205,986	)
Net change in unrealized appreciation/(depreciation)		(4,118,926	)		(3,849,403	)		498,591			(1,106,164	)

Increase (decrease) in net assets from operations		(1,511,152	)		2,805,769			426,303			(1,140,365	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		496,784			199,757			180,873			84,386
Transfers between Sub-Accounts (including the Fixed Account), net		2,220,006			(5,491,860	)		29,842			86,737
Withdrawals, surrenders, annuitizations and contract charges		(2,498,418	)		(2,243,133	)		(839,405	)		(606,714	)

Net accumulation activity		218,372			(7,535,236	)		(628,690	)		(435,591	)

*Annuitization Activity:*
Annuitizations		3,902			—			—			—
Annuity payments and contract charges		(23,326	)		(34,527	)		(1,477	)		(1,579	)
Adjustments to annuity reserves		7,833			35,370			252			(19	)

Net annuitization activity		(11,591	)		843			(1,225	)		(1,598	)

Net increase (decrease) from contract owner transactions		206,781			(7,534,393	)		(629,915	)		(437,189	)

Total increase (decrease) in net assets		(1,304,371	)		(4,728,624	)		(203,612	)		(1,577,554	)
Net assets at beginning of year		17,225,356			21,953,980			5,057,872			6,635,426

Net assets at end of year	$	15,920,985		$	17,225,356		$	4,854,260		$	5,057,872

The accompanying notes are an integral part of these financial statements.

- 159 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P20 Sub-Account						PM5 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	3,957		$	3,524		$	7,603		$	1,117
Net realized gains (losses)		(4,348	)		(5,254	)		4,732			(4,285	)
Net change in unrealized appreciation/(depreciation)		9,108			(21,849	)		32,049			(51,197	)

Increase (decrease) in net assets from operations		8,717			(23,579	)		44,384			(54,365	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			49,890			73,472
Transfers between Sub-Accounts (including the Fixed Account), net		(2,920	)		(2,730	)		17,449			166,884
Withdrawals, surrenders, annuitizations and contract charges		(7,984	)		(13,255	)		(32,231	)		(13,126	)

Net accumulation activity		(10,904	)		(15,985	)		35,108			227,230

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(10,904	)		(15,985	)		35,108			227,230

Total increase (decrease) in net assets		(2,187	)		(39,564	)		79,492			172,865
Net assets at beginning of year		100,993			140,557			553,336			380,471

Net assets at end of year	$	98,806		$	100,993		$	632,828		$	553,336

The accompanying notes are an integral part of these financial statements.

- 160 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	PD6 Sub-Account						P06 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	1,297,603		$	823,117		$	281,014		$	1,344,723
Net realized gains (losses)		(13,525,912	)		45,763,689			(292,889	)		102,235
Net change in unrealized appreciation/(depreciation)		39,771,171			(118,112,593	)		407,809			(5,177,382	)

Increase (decrease) in net assets from operations		27,542,862			(71,525,787	)		395,934			(3,730,424	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,187,454			2,687,128			412,667			327,263
Transfers between Sub-Accounts (including the Fixed Account), net		(3,254,400	)		4,479,373			1,468,509			(983,638	)
Withdrawals, surrenders, annuitizations and contract charges		(38,293,346	)		(35,840,164	)		(3,526,944	)		(3,316,782	)

Net accumulation activity		(39,360,292	)		(28,673,663	)		(1,645,768	)		(3,973,157	)

*Annuitization Activity:*
Annuitizations		112,993			21,616			13,380			9,847
Annuity payments and contract charges		(71,290	)		(73,012	)		(8,065	)		(11,930	)
Adjustments to annuity reserves		125,293			(2,821	)		642			(1,963	)

Net annuitization activity		166,996			(54,217	)		5,957			(4,046	)

Net increase (decrease) from contract owner transactions		(39,193,296	)		(28,727,880	)		(1,639,811	)		(3,977,203	)

Total increase (decrease) in net assets		(11,650,434	)		(100,253,667	)		(1,243,877	)		(7,707,627	)
Net assets at beginning of year		271,964,020			372,217,687			22,606,292			30,313,919

Net assets at end of year	$	260,313,586		$	271,964,020		$	21,362,415		$	22,606,292

The accompanying notes are an integral part of these financial statements.

- 161 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P07 Sub-Account						P68 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	1,680,394		$	920,742		$	116,945		$	67,014
Net realized gains (losses)		(3,111,268	)		(2,455,175	)		(63,685	)		(144,986	)
Net change in unrealized appreciation/(depreciation)		5,044,683			(17,231,919	)		178,447			(792,866	)

Increase (decrease) in net assets from operations		3,613,809			(18,766,352	)		231,707			(870,838	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,562,797			2,058,507			250,203			506,774
Transfers between Sub-Accounts (including the Fixed Account), net		5,206,093			235,903			434,438			127,784
Withdrawals, surrenders, annuitizations and contract charges		(13,877,503	)		(14,239,211	)		(211,627	)		(293,524	)

Net accumulation activity		(7,108,613	)		(11,944,801	)		473,014			341,034

*Annuitization Activity:*
Annuitizations		54,513			57,623			—			—
Annuity payments and contract charges		(69,001	)		(66,097	)		—			—
Adjustments to annuity reserves		(3,463	)		4,994			—			—

Net annuitization activity		(17,951	)		(3,480	)		—			—

Net increase (decrease) from contract owner transactions		(7,126,564	)		(11,948,281	)		473,014			341,034

Total increase (decrease) in net assets		(3,512,755	)		(30,714,633	)		704,721			(529,804	)
Net assets at beginning of year		93,749,466			124,464,099			4,839,107			5,368,911

Net assets at end of year	$	90,236,711		$	93,749,466		$	5,543,828		$	4,839,107

The accompanying notes are an integral part of these financial statements.

- 162 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	PI3 Sub-Account⁶						P72 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	596,175		$	(14,917	)	$	86,539		$	(28,561	)
Net realized gains (losses)		(987,610	)		(303,239	)		1,489,550			1,806,790
Net change in unrealized appreciation/(depreciation)		490,681			167,697			866,374			(2,601,585	)

Increase (decrease) in net assets from operations		99,246			(150,459	)		2,442,463			(823,356	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			155,515			683,218			871,705
Transfers between Sub-Accounts (including the Fixed Account), net		(9,790,036	)		(108,183	)		1,735,462			1,734,437
Withdrawals, surrenders, annuitizations and contract charges		(364,142	)		(1,433,830	)		(2,706,974	)		(1,596,435	)

Net accumulation activity		(10,154,178	)		(1,386,498	)		(288,294	)		1,009,707

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(10,154,178	)		(1,386,498	)		(288,294	)		1,009,707

Total increase (decrease) in net assets		(10,054,932	)		(1,536,957	)		2,154,169			186,351
Net assets at beginning of year		10,054,932			11,591,889			17,485,344			17,298,993

Net assets at end of year	$	—		$	10,054,932		$	19,639,513		$	17,485,344

⁶	The activities for this Sub-Account are for the period from January 1, 2023 to April 21, 2023. Refer to Note 10 for details on this closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 163 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P88 Sub-Account						P93 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(8,352	)	$	(16,276	)	$	1,717		$	(2,670	)
Net realized gains (losses)		(89,184	)		250,295			(30,053	)		68,461
Net change in unrealized appreciation/(depreciation)		1,230,697			(992,122	)		319,261			(245,440	)

Increase (decrease) in net assets from operations		1,133,161			(758,103	)		290,925			(179,649	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,540,557			2,089,532			587,002			761,949
Transfers between Sub-Accounts (including the Fixed Account), net		371,445			182,429			284,142			253,795
Withdrawals, surrenders, annuitizations and contract charges		(182,162	)		(154,426	)		(117,465	)		(27,904	)

Net accumulation activity		2,729,840			2,117,535			753,679			987,840

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		2,729,840			2,117,535			753,679			987,840

Total increase (decrease) in net assets		3,863,001			1,359,432			1,044,604			808,191
Net assets at beginning of year		5,071,557			3,712,125			1,478,832			670,641

Net assets at end of year	$	8,934,558		$	5,071,557		$	2,523,436		$	1,478,832

The accompanying notes are an integral part of these financial statements.

- 164 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P89 Sub-Account						P95 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(18,496	)	$	(13,305	)	$	38,618		$	21,529
Net realized gains (losses)		129,845			119,002			(23,832	)		(19,596	)
Net change in unrealized appreciation/(depreciation)		58,876			(204,882	)		15,327			(115,250	)

Increase (decrease) in net assets from operations		170,225			(99,185	)		30,113			(113,317	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		267,569			527,759			30,000			50,000
Transfers between Sub-Accounts (including the Fixed Account), net		189,380			(261,555	)		103,826			328,155
Withdrawals, surrenders, annuitizations and contract charges		(66,649	)		(41,667	)		(65,644	)		(28,416	)

Net accumulation activity		390,300			224,537			68,182			349,739

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		390,300			224,537			68,182			349,739

Total increase (decrease) in net assets		560,525			125,352			98,295			236,422
Net assets at beginning of year		1,746,813			1,621,461			860,787			624,365

Net assets at end of year	$	2,307,338		$	1,746,813		$	959,082		$	860,787

The accompanying notes are an integral part of these financial statements.

- 165 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P79 Sub-Account						P80 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(15,137	)	$	(22,259	)	$	(9,609	)	$	(4,161	)
Net realized gains (losses)		(6,829	)		214,527			(36,430	)		45,323
Net change in unrealized appreciation/(depreciation)		905,894			(932,496	)		242,184			(151,374	)

Increase (decrease) in net assets from operations		883,928			(740,228	)		196,145			(110,212	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		87,286			219,890			132,234			220,000
Transfers between Sub-Accounts (including the Fixed Account), net		15,390			(274,927	)		272,294			172,047
Withdrawals, surrenders, annuitizations and contract charges		(122,542	)		(85,540	)		(23,318	)		(7,547	)

Net accumulation activity		(19,866	)		(140,577	)		381,210			384,500

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(19,866	)		(140,577	)		381,210			384,500

Total increase (decrease) in net assets		864,062			(880,805	)		577,355			274,288
Net assets at beginning of year		3,252,094			4,132,899			465,819			191,531

Net assets at end of year	$	4,116,156		$	3,252,094		$	1,043,174		$	465,819

The accompanying notes are an integral part of these financial statements.

- 166 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P81 Sub-Account						L36 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(4,537	)	$	(1,888	)	$	9,158		$	2,998
Net realized gains (losses)		11,429			16,918			(5,597	)		12,436
Net change in unrealized appreciation/(depreciation)		127,564			(50,692	)		68,779			(37,522	)

Increase (decrease) in net assets from operations		134,456			(35,662	)		72,340			(22,088	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		144,148			264,040			511,905			300,406
Transfers between Sub-Accounts (including the Fixed Account), net		272,834			99,416			(445	)		345
Withdrawals, surrenders, annuitizations and contract charges		(9,959	)		(3,755	)		(18,956	)		(3,670	)

Net accumulation activity		407,023			359,701			492,504			297,081

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		407,023			359,701			492,504			297,081

Total increase (decrease) in net assets		541,479			324,039			564,844			274,993
Net assets at beginning of year		377,781			53,742			275,995			1,002

Net assets at end of year	$	919,260		$	377,781		$	840,839		$	275,995

The accompanying notes are an integral part of these financial statements.

- 167 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	TBD Sub-Account						TBE Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(70,180	)	$	(36,879	)	$	18,694		$	9,744
Net realized gains (losses)		(206,628	)		183,280			88,572			100,899
Net change in unrealized appreciation/(depreciation)		2,411,775			(1,437,827	)		109,525			(164,931	)

Increase (decrease) in net assets from operations		2,134,967			(1,291,426	)		216,791			(54,288	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,202,973			1,920,690			519,697			855,657
Transfers between Sub-Accounts (including the Fixed Account), net		439,002			1,531,171			378,669			266,853
Withdrawals, surrenders, annuitizations and contract charges		(255,514	)		(51,943	)		(101,501	)		(34,722	)

Net accumulation activity		1,386,461			3,399,918			796,865			1,087,788

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		1,386,461			3,399,918			796,865			1,087,788

Total increase (decrease) in net assets		3,521,428			2,108,492			1,013,656			1,033,500
Net assets at beginning of year		3,971,751			1,863,259			1,941,028			907,528

Net assets at end of year	$	7,493,179		$	3,971,751		$	2,954,684		$	1,941,028

The accompanying notes are an integral part of these financial statements.

- 168 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	TBF Sub-Account						TP1 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(47,502	)	$	(26,020	)	$	(3,892	)	$	(1,140	)
Net realized gains (losses)		164,793			3,768			(1,392	)		(2,405	)
Net change in unrealized appreciation/(depreciation)		142			(106,242	)		307,269			(133,794	)

Increase (decrease) in net assets from operations		117,433			(128,494	)		301,985			(137,339	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,038,030			1,845,484			571,211			376,300
Transfers between Sub-Accounts (including the Fixed Account), net		906,437			538,621			728,228			233,914
Withdrawals, surrenders, annuitizations and contract charges		(155,149	)		(43,758	)		(56,515	)		(14,809	)

Net accumulation activity		1,789,318			2,340,347			1,242,924			595,405

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		1,789,318			2,340,347			1,242,924			595,405

Total increase (decrease) in net assets		1,906,751			2,211,853			1,544,909			458,066
Net assets at beginning of year		3,149,092			937,239			1,208,757			750,691

Net assets at end of year	$	5,055,843		$	3,149,092		$	2,753,666		$	1,208,757

The accompanying notes are an integral part of these financial statements.

- 169 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	TP2 Sub-Account						TP3 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	7,915		$	4,657		$	18,787		$	12,866
Net realized gains (losses)		202			10,100			57,243			17,007
Net change in unrealized appreciation/(depreciation)		138,541			(64,408	)		110,455			(105,917	)

Increase (decrease) in net assets from operations		146,658			(49,651	)		186,485			(76,044	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		863,734			579,950			674,302			444,588
Transfers between Sub-Accounts (including the Fixed Account), net		130,030			482,290			94,372			1,537,378
Withdrawals, surrenders, annuitizations and contract charges		(241,473	)		(21,237	)		(60,823	)		(28,150	)

Net accumulation activity		752,291			1,041,003			707,851			1,953,816

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		752,291			1,041,003			707,851			1,953,816

Total increase (decrease) in net assets		898,949			991,352			894,336			1,877,772
Net assets at beginning of year		1,022,932			31,580			2,066,529			188,757

Net assets at end of year	$	1,921,881		$	1,022,932		$	2,960,865		$	2,066,529

The accompanying notes are an integral part of these financial statements.

- 170 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	TP4 Sub-Account						TP5 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	1,522		$	2,149		$	31,026		$	18,557
Net realized gains (losses)		3,424			731			26,676			15,845
Net change in unrealized appreciation/(depreciation)		140,302			(31,595	)		987,703			(427,538	)

Increase (decrease) in net assets from operations		145,248			(28,715	)		1,045,405			(393,136	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		827,868			556,512			2,924,187			6,786,381
Transfers between Sub-Accounts (including the Fixed Account), net		(126,615	)		119,607			(171,215	)		681,105
Withdrawals, surrenders, annuitizations and contract charges		(41,796	)		(5,270	)		(589,159	)		(129,498	)

Net accumulation activity		659,457			670,849			2,163,813			7,337,988

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		659,457			670,849			2,163,813			7,337,988

Total increase (decrease) in net assets		804,705			642,134			3,209,218			6,944,852
Net assets at beginning of year		658,837			16,703			7,278,040			333,188

Net assets at end of year	$	1,463,542		$	658,837		$	10,487,258		$	7,278,040

The accompanying notes are an integral part of these financial statements.

- 171 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	W41 Sub-Account⁷						W42 Sub-Account
	December 31,			December 31,			December 31,			December 31,
	2023			2022			2023			2022
Operations:
Net investment income (loss)	$	(986	)	$	(3,288	)	$	(2,588	)	$	(610	)
Net realized gains (losses)		(102,498	)		50,895			(17,057	)		10,728
Net change in unrealized appreciation/(depreciation)		119,443			(137,536	)		42,516			(26,468	)

Increase (decrease) in net assets from operations		15,959			(89,929	)		22,871			(16,350	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		(195,187	)		33,973			190,053			5,825
Withdrawals, surrenders, annuitizations and contract charges		(2,252	)		(6,795	)		(38,859	)		(541	)

Net accumulation activity		(197,439	)		27,178			151,194			5,284

*Annuitization Activity:*
Annuitizations		—			—			—			—
Annuity payments and contract charges		—			—			—			—
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(197,439	)		27,178			151,194			5,284

Total increase (decrease) in net assets		(181,480	)		(62,751	)		174,065			(11,066	)
Net assets at beginning of year		181,480			244,231			35,843			46,909

Net assets at end of year	$	—		$	181,480		$	209,908		$	35,843

⁷	The current year activities for this Sub-Account are for the period from January 1, 2023 to April 21, 2023. Refer to Note 1 for details on closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 172 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	W50 Sub-Account
	December 31,			December 31,
	2023			2022
Operations:
Net investment income (loss)	$	26,003		$	5,558
Net realized gains (losses)		(28,147	)		(49,036	)
Net change in unrealized appreciation/(depreciation)		54,915			(188,915	)

Increase (decrease) in net assets from operations		52,771			(232,393	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		2,500			147,250
Transfers between Sub-Accounts (including the Fixed Account), net		131,569			(148,861	)
Withdrawals, surrenders, annuitizations and contract charges		(30,441	)		(29,375	)

Net accumulation activity		103,628			(30,986	)

*Annuitization Activity:*
Annuitizations		—			—
Annuity payments and contract charges		—			—
Adjustments to annuity reserves		—			—

Net annuitization activity		—			—

Net increase (decrease) from contract owner transactions		103,628			(30,986	)

Total increase (decrease) in net assets		156,399			(263,379	)
Net assets at beginning of year		983,827			1,247,206

Net assets at end of year	$	1,140,226		$	983,827

The accompanying notes are an integral part of these financial statements.

- 173 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

NOTES TO FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2023

1. BUSINESS AND ORGANIZATION

Delaware Life Variable Account F (the “Variable Account”) is a separate account of Delaware Life Insurance Company (the “Sponsor”). The Variable Account was established on July 13, 1989 as a funding vehicle for the variable portion of Regatta contracts, Regatta Access contracts, Regatta Choice contracts, Regatta Choice II contracts, Regatta Classic contracts, Regatta Extra contracts, Regatta Flex II contracts, Regatta Flex 4 contracts, Regatta Gold contracts, Regatta Platinum contracts, Masters Access contracts, Masters Choice contracts, Masters Choice II contracts, Masters Extra contracts, Masters Extra II contracts, Masters Flex contracts, Masters Flex II contracts, Masters I Share contracts, Masters IV contracts, Masters VII contracts, Masters Prime contracts, Accelerator Prime contracts (collectively the “Contracts”), and certain other fixed and variable annuity contracts issued by the Sponsor. The Variable Account is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as a unit investment trust existing in accordance with the regulations of the Delaware Insurance Department and is an investment company. Accordingly, the Variable Account follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services – Investment Companies.

The assets of the Variable Account are divided into “Sub-Accounts”. Each Sub-Account is invested in shares of a specific mutual fund (collectively the “Funds”), or series thereof, registered under the Investment Company Act of 1940, as amended. The contract owners of the Variable Account direct the deposits into the Sub-Accounts of the Variable Account.

Under applicable insurance law, the assets and liabilities of the Variable Account are clearly identified and distinguished from the Sponsor’s other assets and liabilities. Assets applicable to the Variable Account are not chargeable with liabilities arising out of any other business the Sponsor may conduct.

A summary of the name changes related to Sub-Accounts held by the contract owners of the Variable Account during the current year, is as follows:


Sub-Account	Previous Name	Effective Date
J88	JPMorgan Insurance Trust Core Bond Portfolio Class 2	April 28, 2023
J94	JPMorgan Insurance Trust U.S. Equity Portfolio Class 2	April 28, 2023
A74	AB VPS Small/Mid Cap Value Portfolio (Class B)	May 1, 2023
A71	AB VPS Growth and Income Portfolio (Class B)	May 1, 2023
B22	BlackRock Large Cap Focus Growth V.I. Fund Class III	December 11, 2023

The following Sub-Accounts were liquidated and merged with existing Sub-Accounts during the current year:


Closed Sub-Account	New Sub-Account	Effective Date
W41	W42	April 21, 2023
PI3	MD9	April 21, 2023
JF0	MD9	April 25, 2023
JF1	MD9	April 25, 2023
V46	MD9	July 25, 2023
V45	MD9	September 18, 2023

The commencement date related to Sub-Accounts held by the contract owners of the Variable Account (if commenced within the past five years) is as follows:


Sub-Account		Effective Date
F19		May 1, 2020
A19, A71, B19, B20, B21, B22, B23, L34, L35, L36, C92, F17, F18, S18, S21, S23, V17, V19, V20, V21,
M10, MV1, MV2, MV3, MV4, JF1, L19, V46, P80, P81, TP1, TP2, TP3, TP4, TP5, TBD, TBE, TBF		May 3, 2021

- 174 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

General

The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires the Sponsor’s management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates.

Investment Valuation and Transactions

Investments made in mutual funds are carried at fair value and are valued at their closing net asset value as determined by the respective mutual fund, which in turn value their investments at fair value, as of December 31, 2023. Transactions are recorded on a trade date basis. Realized gains and losses on sales of investments are determined on the first in, first out basis. Dividend income and realized gain distributions are reinvested in additional fund shares and recognized on the ex-dividend date.

Units

The number of units credited is determined by dividing the dollar amount allocated to a Sub-Account by the unit value for that Sub-Account for the period during which the purchase payment was received. The unit value for each Sub-Account is established at $10.00 for the first period of that Sub-Account and is subsequently measured based on the performance of the investments and the contract charges selected by the contract holder, as discussed in Note 5.

Purchase Payments

Upon issuance of new Contracts, the initial purchase payment is credited to the contract in the form of units. All subsequent purchase payments are applied using the unit values for the period during which the purchase payment is received.

Transfers

Transfers between Sub-Accounts requested by contract owners are recorded in the new Sub-Account upon receipt of the redemption proceeds at the net asset value at the time of receipt. In addition, transfers can be made between the Sub-Accounts and the “Fixed Account”. The Fixed Account is part of the general account of the Sponsor in which purchase payments or contract values may be allocated or transferred.

Withdrawals

If the contract owner requests a partial withdrawal, the contract owner will receive the amount requested less any applicable withdrawal charge and the account value will be reduced by the amount requested. Any requests for partial withdrawals that would result in the value of the contract owner’s account being reduced to an amount less than the contract maintenance charge for the current contract year is treated as a request for a full withdrawal.

- 175 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Annuitization

On the annuity commencement date, the contract’s accumulation account is canceled and its adjusted value is applied to provide an annuity. The adjusted value will be equal to the value of the accumulation account for the period that ends immediately before the annuity commencement date, reduced by any applicable premium taxes or similar taxes and a proportionate amount of the contract maintenance charge.

Annuity Payments

The amount of the first variable annuity payment is determined in accordance with the annuity payment rates found in the contract. The number of units to be credited in respect of a particular Sub-Account is determined by dividing that portion of the first variable annuity payment attributable to that Sub-Account by the annuity unit value of that Sub-Account for the period that ends immediately before the annuity commencement date. The number of units of each Sub-Account credited to the contract then remains fixed, unless an exchange of units is made. The dollar amount of each variable annuity payment after the first may increase, decrease or remain constant, depending on the investment performance of the Sub-Accounts.

Federal Income Taxes

The operations of the Variable Account are part of the operations of the Sponsor and are not taxed separately. The Sponsor qualifies for the federal income tax treatment granted to life insurance companies under Subchapter L of the Internal Revenue Code (the “Code”). Under existing federal income tax law, investment income and realized gain distributions earned by the Variable Account on contract owner reserves are not taxable, and therefore, no provision has been made for federal income taxes. In the event of a change in applicable tax law, the Sponsor will review this policy and if necessary a provision may be made in future years.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires Sponsor’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. The most significant estimates are fair value measurements of investments and the calculation of the reserve for variable annuities. Actual results could vary from the amounts derived from Sponsor management’s estimates.

Subsequent events

The Sponsor’s management has evaluated events subsequent to December 31, 2023, noting that there are no subsequent events requiring accounting adjustments or disclosure.

- 176 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

3. FAIR VALUE MEASUREMENTS

The Sub-Accounts’ investments are carried at fair value. Fair value is an exit price, representing the amount that would be received from a sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, FASB ASC Topic 820, “Fair Value Measurements and Disclosures”, establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value (i.e., Level 1, 2 and 3). Level 1 inputs are observable inputs that reflect quoted prices for identical assets or liabilities in active markets that the Variable Account has the ability to access at the measurement date. Level 2 inputs are observable inputs, other than quoted prices included in Level 1, for the asset or liability or prices for similar assets and liabilities. Level 3 inputs are unobservable inputs reflecting the reporting entity’s estimates of the assumptions that market participants would use in pricing the asset or liability. Topic 820 requires that a fair value measurement technique include an adjustment for risks inherent in a particular valuation technique (such as a pricing model) and/or the risks inherent in the inputs to the model, if market participants would also include such an adjustment.

The Variable Account has categorized its financial instruments, based on the priority of the inputs to the valuation technique, into the three level hierarchy described above. If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument.

The Variable Account uses the Funds’ closing net asset value to determine the fair value of its Sub-Accounts. As of December 31, 2023, the net assets held in the Variable Account were categorized as Level 1 assets under the Topic 820 hierarchy levels. There were no Level 2 or 3 investments in the Variable Account during the year ended December 31, 2023. There were no transfers between levels during the year ended December 31, 2023.

4. RELATED-PARTY TRANSACTIONS

The Sponsor provides administrative services necessary for the operation of the Variable Account. The Sponsor absorbs all organizational expenses including the fees of registering the Variable Account and its contracts for distribution under federal and state securities laws.

- 177 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

5. CONTRACT CHARGES

Mortality and expense risk charges

Charges for mortality and expense risks, the optional death benefit riders and optional living benefit riders are based on the average daily Variable Account assets and are deducted from the Variable Account at the end of each valuation period to cover the risks assumed by the Sponsor. These charges are reflected in the Statements of Operations.

The deductions are calculated at different levels based upon the elections made by the contract holder and are transferred periodically to the Sponsor. At December 31, 2023, the deduction is at an effective annual rate as follows:


	Level 1			Level 2			Level 3			Level 4			Level 5			Level 6			Level 7			Level 8			Level 9
Regatta		1.40	%		—			—			—			—			—			—			—			—
Regatta Gold		1.25	%		—			—			—			—			—			—			—			—
Regatta Classic		1.00	%		—			—			—			—			—			—			—			—
Regatta Platinum		1.25	%		—			—			—			—			—			—			—			—
Regatta Extra		1.30	%		1.45	%		1.55	%		1.70	%		—			—			—			—			—
Regatta Choice		0.85	%		1.00	%		1.10	%		1.15	%		1.25	%		1.40	%		—			—			—
Regatta Access		1.00	%		1.15	%		1.25	%		1.40	%		1.50	%		1.65	%		—			—			—
Regatta Flex 4		0.95	%		1.10	%		1.20	%		1.35	%		1.45	%		1.60	%		—			—			—
Regatta Flex II		1.30	%		1.50	%		1.55	%		1.70	%		1.75	%		1.90	%		1.95	%		2.15	%		—
Regatta Choice II		1.05	%		1.25	%		1.30	%		1.45	%		1.50	%		1.65	%		1.70	%		—			—
Masters Extra		1.40	%		1.60	%		1.65	%		1.80	%		1.85	%		2.00	%		2.05	%		2.25	%		—
Masters Choice		1.05	%		1.25	%		1.30	%		1.45	%		1.50	%		1.65	%		1.70	%		1.90	%		—
Masters Access		1.35	%		1.55	%		1.60	%		1.75	%		1.80	%		1.95	%		—			—			—
Masters Flex		1.30	%		1.50	%		1.55	%		1.70	%		1.75	%		1.90	%		1.95	%		2.15	%		—
Masters IV		1.25	%		1.30	%		1.35	%		1.45	%		1.50	%		1.55	%		1.60	%		1.65	%		1.75	%
Masters VII		1.00	%		1.05	%		1.20	%		1.25	%		1.30	%		1.35	%		1.40	%		1.50	%		—
Masters Extra II		1.40	%		1.80	%		—			—			—			—			—			—			—
Masters Choice II		1.05	%		1.30	%		1.45	%		—			—			—			—			—			—
Masters Flex II		1.30	%		1.70	%		—			—			—			—			—			—			—
Masters I Share		0.50	%		—			—			—			—			—			—			—			—
Masters Prime		0.85	%		—			—			—			—			—			—			—			—
Accelerator Prime		0.85	%		—			—			—			—			—			—			—			—

Distribution and administrative expense charges

For assuming the risk that surrender charges may be insufficient to compensate the Sponsor for the costs of distributing the Contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period for the first seven account years at an effective annual rate of 0.15% of the average daily value of the contract invested in the Sub-Account attributable to Regatta, Masters VII, Masters Extra, Masters Extra II, Masters Choice and Masters Choice II, and at an effective annual rate of 0.20% of the average daily value of the contract invested in the Sub-Account attributable to Masters IV, Masters Access, Masters Flex, Masters Flex II, Masters Prime and Accelerator Prime. There are no distribution charges associated with the other contracts listed in Note 1.

- 178 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

5. CONTRACT CHARGES (CONTINUED)

Distribution and administrative expense charges (Continued)

Additionally, for Regatta, Regatta Gold, Regatta Classic, Regatta Platinum, Regatta Extra, Regatta Access, Regatta Choice, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Masters Extra, Masters Choice, Masters Access, Masters Flex, Masters IV, Masters VII, Masters Extra II, Masters Flex II, Masters I Share, Masters Choice II, Masters Prime contracts and Accelerator Prime contract, an administrative expense charge is deducted from the assets of the Variable Account at an annual effective rate equal to 0.15% of the average daily Variable Account value. This charge is designed to reimburse the Sponsor for expenses incurred in administering the Contracts, the accounts and the Variable Account that are not covered by the annual account administration fee (“Account Fee”). Distribution and administrative expense charges are reflected in the Statements of Operations.

Administration charges (“Account Fee”)

Each year on the account anniversary date, an Account Fee equal to the lesser of $30 or 2% of the participant’s account value in the case of Regatta Gold, $30 for Masters Prime and Accelerator Prime contracts, $35 in the case of Regatta Extra and Regatta Platinum contracts, and $50 for Regatta Choice, Regatta Classic, Regatta Access, Regatta Flex 4, Regatta Flex II, Regatta Choice II, Masters Extra, Masters Choice, Masters Access, Masters Flex, Masters IV, Masters VII, Masters Extra II, Masters Flex II, Masters I Share, and Masters Choice II contracts (after account year 5, the Account Fee for Regatta Gold, Regatta Platinum, Regatta Extra, and Regatta Choice contracts, may be changed annually, but it may not exceed the lesser of $50 or 2% of the participant’s account value) is deducted from the participant’s account to reimburse the Sponsor for certain administrative expenses. The Account Fee related to contracts in the accumulation phase is reflected in the Statements of Changes in Net Assets as part of “Withdrawals, surrenders, annuitizations, and contract charges” line item. After the annuity commencement date, the Account Fee will be deducted pro rata from each variable annuity payment made during the year and reflected under the line item “Annuity payments and contract charges” in the Statements of Changes in Net Assets.

Surrender charges

The Sponsor does not deduct a sales charge from the purchase payments. However, a surrender charge (contingent deferred sales charge) of up to 6% of certain amounts withdrawn will be deducted to cover certain expenses relating to the sale of Regatta, Regatta Gold, Regatta Flex 4, and Regatta Platinum contracts; 8% for Regatta Extra, Regatta Choice II, Regatta Flex II, Masters Choice, Masters Choice II, Masters Flex, Masters Flex II, Masters Extra, Masters Extra II, Masters IV, Masters VII, Masters Prime and Accelerator Prime contracts; and for 7% for Regatta Choice if the contract holder requests a full withdrawal prior to reaching the pay-out phase. These charges are reflected in the “Withdrawals, surrenders, annuitizations and contract charges” line on the Statements of Changes in Net Assets.

Optional living benefit rider charges (“Benefit Fee”)

Benefit Fee is charged for optional living benefit riders elected by the contract holder. The benefit fee is deducted from the related account value as highlighted in the following table.


	Single Life Quarterly Charge			Joint Life Quarterly Charge			Single Life Annual Charge			Joint Life Annual Charge
Secured Returns		0.1000	%		N/A			0.40	%		N/A
Secured Returns 2		0.1250	%		N/A			0.50	%		N/A
Secured Returns for Life		0.1250	%		N/A			0.50	%		N/A
Secured Returns for Life Plus		0.1250	%		N/A			0.50	%		N/A
Income on Demand		0.1625	%		0.2125	%		0.65	%		0.85	%
Income on Demand II		0.1625	%		0.2125	%		0.65	%		0.85	%
Retirement Asset Protector		0.1875	%		N/A			0.75	%		N/A
Retirement Income Escalator		0.1875	%		0.2375	%		0.75	%		0.95	%
Income Advisor		0.2250	%		0.2750	%		0.90	%		1.10	%
Income on Demand II Plus		0.2375	%		0.2875	%		0.95	%		1.15	%
Income on Demand II Escalator		0.2375	%		0.2875	%		0.95	%		1.15	%
Retirement Income Escalator II		0.2375	%		0.2875	%		0.95	%		1.15	%
Income Riser		0.2750	%		0.3250	%		1.10	%		1.30	%
Income on Demand III Escalator		0.2750	%		0.3250	%		1.10	%		1.30	%
Income Riser III		0.2750	%		0.3000	%		1.10	%		1.20	%
Income Maximizer		0.2750	%		0.3000	%		1.10	%		1.20	%
Income Maximizer Plus		0.3125	%		0.3625	%		1.25	%		1.45	%

- 179 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

5. CONTRACT CHARGES (CONTINUED)

Optional living benefit rider charges (“Benefit Fee”) (Continued)

Income Advisor was only available on Masters I Share contracts. Income Maximizer, Income Maximizer Plus, and Income Riser III were available on Masters Choice II contracts, Masters Extra II contracts, and Masters Flex II contracts. The remaining optional living benefits above were available on Masters Extra, Masters Choice, Masters Flex, and Masters Access contracts.

Secured Returns for Life and Secured Returns for Life Plus were the only optional living benefits available on Masters IV and Masters VII contracts.

Secured Returns, Secured Returns 2, Secured Returns for Life, Secured Returns for Life Plus, Income on Demand, and Retirement Asset Protector were the only optional living benefits available on Regatta Flex II and Regatta Choice II contracts.

Benefit Fee is reflected in the “Withdrawals, surrenders, annuitizations and contract charges” line on the Statements of Changes in Net Assets

Premium Taxes

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction at the annuity commencement date. However, the Sponsor reserves the right to deduct such taxes when incurred.

6. RESERVE FOR VARIABLE ANNUITIES

Reserve for variable annuities represents the actuarial present value of future contract benefits for those contract holders who are in the payout phase of their contract and who chose the variable payout option. Annuity reserves for contracts with annuity commencement dates on or between January 1, 1987 and December 31, 1998 are calculated using the 1983 Individual Annuitant Mortality Table. Annuity reserves for contracts with annuity commencement dates on or between January 1, 1999 and December 31, 2014 are calculated using the Annuity 2000 Table. Annuity reserves for contracts with annuity commencement dates on or after January 1, 2015 are calculated using the 2012 Individual Annuitant Mortality Table. All annuity reserves are calculated using an assumed interest rate of at least 3% or 4% per year. The Individual Annuitant Mortality Tables utilized are subject to change in conjunction with changes in the tables currently adopted by the National Association of Insurance Commissioners. The mortality risk is fully borne by the Sponsor and may result in additional amounts being transferred into the variable annuity account by the Sponsor to cover greater longevity of annuities than expected. Required adjustments to the reserves are accomplished by transfers to or from the Sponsor.

- 180 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

7. INVESTMENT PURCHASES AND SALES

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2023 were as follows:


	Purchases		Sales
AL1	$	2,824,697	$	4,994,907
AO5		1,661,524		8,466,835
A71		236,211		91,725
AM2		294,068		702,850
A98		1,487,615		4,776,037
AC4		3,010,766		1,340,608
A19		1,232,990		80,047
A74		2,489,180		2,676,501
AP0		9,340,247		3,243,452
AQ1		4,292,728		1,062,627
AQ2		962,523		204,616
AS3		22,322,768		1,729,866
AS6		2,645,147		852,613
AQ3		661,445		196,580
AX1		5,944,204		685,354
B21		4,299,629		504,188
B19		963,504		118,244
B20		915,151		45,127
B18		12,392,681		50,552,454
B22		502,399		189,641
B23		300,721		92,510
L33		867,341		135,564
L34		306,569		25,325
L35		554,768		151,246
C71		58,344		145,339
C59		—		15,611
C60		1,623,653		15,080,770
C89		1		697
C90		1,162,083		5,216,510
C58		266,162		893,636
C91		1,187,179		438,037
C92		4,716,594		205,705
FD7		8,946,329		21,133,203
F24		7,124,380		31,184,167
F88		157,714		143,687
FB9		803,102		1,527,146
F15		892,151		3,111,703
F41		4,151,159		11,100,883
FE3		20,949,543		31,316,496
F17		782,540		141,518
F18		337,813		64,442
F19		2,421,105		263,653
L36		543,114		41,405
T21		1,220,047		2,779,574
S23		178,053		22,074

- 181 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

7. INVESTMENT PURCHASES AND SALES (CONTINUED)


	Purchases		Sales
T20		4,521,168		13,705,582
FE6		915,858		2,651,997
S18		956,069		66,872
T59		189,473		440,817
F56		695,917		2,321,240
F59		5,888,221		6,236,470
FF0		9,021,459		784,287
F54		14,739,170		17,733,553
FG8		549,963		99,889
S21		1,663,322		66,881
F53		1,788,536		3,543,841
FJ9		947,242		111,887
T28		854,697		1,736,988
FJ0		3,886		5,767
G03		143,297		249,212
V35		977,673		1,246,731
V13		3,281,079		4,882,673
AB3		352,229		205,278
V11		17,156,218		14,181,001
AC1		144,276		618,567
V17		1,354,004		140,841
V19		509,251		88,951
V20		3,207,702		336,474
MV1		30,103,159		1,029,515
MV2		1,336,679		138,721
MV3		2,040,372		403,391
MV4		473,179		89,636
J88		6,667,160		5,419,135
JF1		319,377		1,091,094
JF0		31,222		952,034
J94		2,596,386		3,061,523
L11		1,625,286		5,146,194
L42		47,313		21,530
L16		1,385,561		222,008
L18		1,166,340		2,808,379
L17		1,520,577		4,825,071
L19		575,039		134,009
M07		20,940,057		38,912,595
M35		20,265,095		39,445,085
M31		12,732,120		19,529,596
M80		4,428,620		4,652,197

- 182 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

7. INVESTMENT PURCHASES AND SALES (CONTINUED)


	Purchases		Sales
M10		68,654		3,244
MF1		951,122		2,833,643
M41		2,137,454		4,430,425
M05		1,437,688		5,605,754
M42		2,504,194		5,493,667
M89		28,102,935		48,598,704
M82		8,073,824		19,939,972
M44		8,827,001		14,222,460
M40		6,499,958		5,170,750
M83		22,501,714		29,268,367
M08		11,578,897		14,598,737
MB6		23,864,835		39,971,511
MB7		5,490,347		12,209,976
MC0		3,004,058		5,714,141
MA0		11,269,965		13,847,646
MC2		7,381,487		15,160,588
MC1		3,984,667		7,940,265
MC3		941,777		1,987,620
MA1		1,112,529		2,395,907
MC4		246,789		1,027,789
MC5		69,305		118,303
MC6		2,725,319		6,484,185
MC7		2,013,374		1,033,571
MC8		4,933,000		10,373,832
MC9		301,327		607,582
MD0		1,743,803		4,147,342
M92		20,375,006		60,946,742
M96		5,406,003		9,580,487
MD2		11,283,411		16,530,011
MA6		3,138,762		6,056,844
MA3		2,387,236		4,897,916
M97		3,020,812		4,242,519
MD5		1,233,735		2,420,179
M98		3,309,320		5,003,437
M93		6,240,874		12,650,166
MD6		20,610,750		45,836,029
MB3		2,753,748		6,207,941
MD8		13,344,947		13,430,955
MD9		36,314,583		30,572,429
ME2		563,709		2,317,473
ME3		2,251,059		5,822,237
MA5		2,275,645		3,432,529
MA7		131,814		316,893
ME4		1,343,252		2,498,129
MA2		1,486,376		2,297,648
MF3		3,808,833		7,229,912
MF5		25,895,639		50,242,790
MF6		149,466		158,209
MF7		5,951,365		7,168,791

- 183 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

7. INVESTMENT PURCHASES AND SALES (CONTINUED)


	Purchases		Sales
MF9		31,529,067		35,704,166
MG1		9,460,429		15,690,926
MF2		11,075,946		23,889,743
MG2		7,454,106		17,608,652
MG3		2,123,615		3,523,057
MG4		2,127,607		4,000,539
MG6		91,465,042		134,027,598
MG7		1,965,804		1,414,510
V46		32,293		193,047
V45		545,236		2,676,727
U43		594,406		170,006
U41		536,711		61,774
V44		3,401,620		4,651,828
V43		332,043		1,858,163
O19		231,026		2,553,775
O23		2,683,357		1,681,709
O20		1,341,941		2,676,793
O21		10,357,782		26,395,238
O04		162,234		554,798
PH2		6,302		40,603
P08		1,954,417		2,601,934
PC0		800,261		1,801,261
P70		1,086,397		597,912
P10		6,214,566		3,700,656
PK8		603,140		1,036,893
P20		7,749		14,691
PM5		133,163		74,668
PD6		8,110,501		46,113,396
P06		2,548,063		3,906,651
P07		10,338,752		15,778,953
P68		831,200		241,035
PI3		1,068,891		10,627,334
P72		6,109,439		5,273,822
P88		3,318,412		596,501
P93		908,119		152,605
P89		674,900		159,976
P95		182,025		75,191
P79		384,280		419,117
P80		415,386		43,731
P81		432,019		13,971
TBD		1,735,096		418,450
TBE		1,166,193		229,810
TBF		2,011,723		83,482
TP1		1,405,924		154,977
TP2		1,037,133		253,992
TP3		900,961		106,814
TP4		937,946		263,909
TP5		3,295,967		985,411
W41		—		198,433
W42		197,077		48,453
W50		236,620		106,947

- 184 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the year ended December 31, 2023 were as follows:


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
AL1		112,172		298,104		(185,932	)
AO5		137,156		660,211		(523,055	)
A71		16,326		8,410		7,916
AM2		22,695		67,159		(44,464	)
A98		197,011		605,687		(408,676	)
AC4		224,613		93,350		131,263
A19		183,963		9,708		174,255
A74		96,207		132,460		(36,253	)
AP0		821,122		227,878		593,244
AQ1		345,920		91,381		254,539
AQ2		115,925		21,097		94,828
AS3		2,025,094		179,738		1,845,356
AS6		228,341		72,468		155,873
AQ3		75,639		17,862		57,777
AX1		527,493		61,387		466,106
B21		441,940		47,358		394,582
B19		98,134		11,102		87,032
B20		80,360		3,440		76,920
B18		622,103		2,737,451		(2,115,348	)
B22		59,373		20,216		39,157
B23		31,952		9,945		22,007
L33		101,602		13,250		88,352
L34		27,936		1,951		25,985
L35		32,355		12,770		19,585
C71		1,891		4,906		(3,015	)
C59		—		589		(589	)
C60		92,881		652,667		(559,786	)
C90		70,564		252,712		(182,148	)
C58		21,456		71,756		(50,300	)
C91		118,195		42,819		75,376
C92		493,542		15,443		478,099
FD7		225,444		852,169		(626,725	)
F24		149,498		985,947		(836,449	)
F88		670		7,089		(6,419	)
FB9		24,361		76,880		(52,519	)
F15		24,581		154,941		(130,360	)
F41		127,824		418,721		(290,897	)
FE3		743,339		1,920,951		(1,177,612	)
F17		77,649		13,086		64,563
F18		35,781		6,240		29,541
F19		235,516		25,497		210,019
L36		57,450		3,820		53,630
T21		75,135		184,204		(109,069	)
S23		23,945		2,542		21,403
T20		201,637		717,070		(515,433	)

- 185 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
FE6		24,855		147,051		(122,196	)
S18		98,919		5,770		93,149
T59		22,893		48,749		(25,856	)
F56		27,443		105,435		(77,992	)
F59		120,714		352,653		(231,939	)
FF0		740,279		62,543		677,736
F54		265,261		653,592		(388,331	)
FG8		45,806		8,184		37,622
S21		124,436		5,322		119,114
F53		27,239		79,982		(52,743	)
FJ9		92,015		6,720		85,295
T28		41,171		122,533		(81,362	)
FJ0		121		442		(321	)
G03		13,397		19,561		(6,164	)
V35		19,009		53,019		(34,010	)
V13		56,189		199,599		(143,410	)
AB3		37,553		22,025		15,528
V11		1,004,032		644,668		359,364
AC1		12,406		40,750		(28,344	)
V17		173,988		15,283		158,705
V19		41,172		7,971		33,201
V20		264,998		29,652		235,346
MV1		3,072,913		97,662		2,975,251
MV2		125,430		12,898		112,532
MV3		238,090		43,004		195,086
MV4		44,131		8,243		35,888
J88		685,306		608,697		76,609
JF1		36,256		123,325		(87,069	)
JF0		10,072		105,615		(95,543	)
J94		61,941		88,531		(26,590	)
L11		94,364		513,575		(419,211	)
L42		3,346		2,043		1,303
L16		136,065		27,530		108,535
L18		41,054		83,013		(41,959	)
L17		30,876		148,870		(117,994	)
L19		53,824		12,935		40,889
M07		628,071		2,415,436		(1,787,365	)
M35		770,166		2,510,742		(1,740,576	)

- 186 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
M31		97,516		396,584		(299,068	)
M80		134,543		94,734		39,809
M10		6,067		201		5,866
MF1		46,578		154,804		(108,226	)
M41		128,957		143,392		(14,435	)
M05		98,230		294,448		(196,218	)
M42		217,340		292,828		(75,488	)
M89		2,409,571		4,808,457		(2,398,886	)
M82		143,687		688,360		(544,673	)
M44		209,546		955,614		(746,068	)
M40		295,653		360,834		(65,181	)
M83		462,854		1,336,005		(873,151	)
M08		277,857		641,448		(363,591	)
MB6		170,105		785,677		(615,572	)
MB7		53,197		279,882		(226,685	)
MC0		90,991		244,549		(153,558	)
MA0		569,219		813,627		(244,408	)
MC2		81,345		331,643		(250,298	)
MC1		93,011		263,250		(170,239	)
MC3		31,140		69,118		(37,978	)
MA1		68,659		154,778		(86,119	)
MC4		19,987		59,877		(39,890	)
MC5		5,898		9,167		(3,269	)
MC6		24,199		112,783		(88,584	)
MC7		147,281		50,716		96,565
MC8		42,343		264,391		(222,048	)
MC9		5,272		20,593		(15,321	)
MD0		23,946		129,722		(105,776	)
M92		839,553		4,349,717		(3,510,164	)
M96		351,504		604,351		(252,847	)
MD2		1,021,179		1,432,056		(410,877	)
MA6		76,917		216,482		(139,565	)
MA3		85,959		239,346		(153,387	)
M97		76,677		136,200		(59,523	)
MD5		43,696		112,626		(68,930	)
M98		28,398		105,333		(76,935	)
M93		129,201		595,439		(466,238	)
MD6		258,443		1,225,452		(967,009	)
MB3		43,363		150,273		(106,910	)
MD8		1,174,142		1,272,828		(98,686	)
MD9		3,905,394		3,574,459		330,935
ME2		19,225		97,111		(77,886	)
ME3		97,209		223,310		(126,101	)

- 187 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
MA5		84,514		162,089		(77,575	)
MA7		3,040		15,697		(12,657	)
ME4		58,971		99,851		(40,880	)
MA2		173,031		168,511		4,520
MF3		187,539		309,430		(121,891	)
MF5		624,770		2,821,000		(2,196,230	)
MF6		2,358		4,779		(2,421	)
MF7		236,844		355,058		(118,214	)
MF9		301,753		1,189,325		(887,572	)
MG1		815,616		1,497,044		(681,428	)
MF2		1,111,548		2,381,814		(1,270,266	)
MG2		831,611		1,852,784		(1,021,173	)
MG3		65,618		132,534		(66,916	)
MG4		74,637		149,578		(74,941	)
MG6		1,029,503		5,612,693		(4,583,190	)
MG7		84,369		61,435		22,934
V46		2,997		22,279		(19,282	)
V45		41,932		225,896		(183,964	)
U43		38,703		16,254		22,449
U41		58,664		5,182		53,482
V44		541,440		375,005		166,435
V43		22,574		75,595		(53,021	)
O19		6,676		56,264		(49,588	)
O23		267,321		144,495		122,826
O20		10,755		78,036		(67,281	)
O21		114,317		664,429		(550,112	)
O04		4,796		11,515		(6,719	)
PH2		35		1,969		(1,934	)
P08		96,294		145,799		(49,505	)
PC0		43,232		128,243		(85,011	)
P70		57,161		50,878		6,283
P10		560,875		517,244		43,631
PK8		12,143		34,884		(22,741	)
P20		215		1,183		(968	)
PM5		11,694		7,706		3,988
PD6		287,814		3,000,953		(2,713,139	)
P06		131,652		234,866		(103,214	)
P07		562,626		1,035,860		(473,234	)
P68		86,063		34,042		52,021
PI3		59,786		1,141,355		(1,081,569	)
P72		246,517		206,162		40,355
P88		327,354		50,309		277,045
P93		93,174		13,947		79,227
P89		48,365		12,708		35,657
P95		15,281		7,706		7,575

- 188 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
P79		32,623		27,266		5,357
P80		59,925		5,016		54,909
P81		43,972		1,102		42,870
TBD		214,460		44,420		170,040
TBE		99,188		20,799		78,389
TBF		202,583		8,109		194,474
TP1		148,638		14,897		133,741
TP2		106,232		25,634		80,598
TP3		83,178		8,678		74,500
TP4		97,697		27,442		70,255
TP5		331,451		96,706		234,745
W41		—		7,761		(7,761	)
W42		7,098		1,645		5,453
W50		22,929		11,776		11,153

- 189 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)

The changes in units outstanding for the year ended December 31, 2022 were as follows:


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
AL1		248,195		323,210		(75,015	)
AO5		280,167		706,845		(426,678	)
A71		35,908		7,763		28,145
AM2		49,084		48,207		877
A98		369,321		701,366		(332,045	)
AC4		388,643		112,672		275,971
A19		245,498		11,317		234,181
A74		296,064		119,764		176,300
AP0		1,239,811		254,357		985,454
AQ1		628,767		114,274		514,493
AQ2		133,703		18,641		115,062
AS3		2,950,528		447,517		2,503,011
AS6		423,115		119,772		303,343
AQ3		72,302		9,874		62,428
AX1		334,740		23,417		311,323
B21		541,519		83,755		457,764
B19		159,888		14,478		145,410
B20		74,406		2,302		72,104
B18		1,129,641		2,784,527		(1,654,886	)
B22		38,951		1,836		37,115
B23		49,130		2,359		46,771
L33		98,902		11,522		87,380
L34		21,494		996		20,498
L35		42,162		8,583		33,579
C71		25		150		(125	)
C59		480		76		404
C60		555,242		403,046		152,196
C89		1,274		1,270		4
C90		153,710		99,462		54,248
C58		28,115		68,912		(40,797	)
C91		199,392		101,012		98,380
C92		534,219		38,055		496,164
FD7		347,180		679,755		(332,575	)
F24		758,755		702,644		56,111
F88		3,446		14,472		(11,026	)
FB9		20,482		92,335		(71,853	)
F15		32,127		127,041		(94,914	)
F41		178,931		453,145		(274,214	)
FE3		739,126		2,428,462		(1,689,336	)
F17		72,080		10,099		61,981
F18		21,209		975		20,234
F19		430,478		74,646		355,832
L36		32,002		520		31,482
T21		188,895		208,005		(19,110	)
S23		30,373		1,072		29,301
T20		394,912		941,206		(546,294	)

- 190 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
FE6		24,966		185,607		(160,641	)
S18		82,989		1,528		81,461
T59		12,057		136,176		(124,119	)
F56		33,374		95,457		(62,083	)
F59		181,435		587,956		(406,521	)
FF0		800,846		36,004		764,842
F54		123,911		766,379		(642,468	)
FG8		44,962		3,151		41,811
S21		196,431		13,221		183,210
F53		24,836		99,818		(74,982	)
FJ9		74,758		22,272		52,486
T28		81,567		160,697		(79,130	)
FJ0		69		1,385		(1,316	)
G03		42,501		30,337		12,164
V35		25,017		60,293		(35,276	)
V13		91,433		257,342		(165,909	)
AB3		24,009		20,006		4,003
V11		1,496,152		757,584		738,568
AC1		13,028		24,366		(11,338	)
V17		217,982		24,827		193,155
V19		51,184		1,100		50,084
V20		451,412		33,390		418,022
V21		143,610		246,474		(102,864	)
MV1		4,126,652		190,075		3,936,577
MV2		151,614		17,254		134,360
MV3		375,756		34,270		341,486
MV4		78,173		8,553		69,620
J88		359,752		892,263		(532,511	)
JF1		65,496		1,466		64,030
JF0		62,509		7,861		54,648
J94		53,969		98,467		(44,498	)
L11		202,149		458,097		(255,948	)
L42		19,781		855		18,926
L16		125,757		48,743		77,014
L18		114,839		102,351		12,488
L17		65,009		178,718		(113,709	)
L19		81,620		5,290		76,330
M07		1,325,851		2,891,772		(1,565,921	)
M35		703,398		2,211,902		(1,508,504	)

- 191 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
M31		185,169		435,698		(250,529	)
M80		131,420		64,889		66,531
M10		7,442		242		7,200
MF1		55,978		197,087		(141,109	)
M41		254,676		138,219		116,457
M05		159,296		382,958		(223,662	)
M42		388,563		286,867		101,696
M89		2,339,531		6,427,554		(4,088,023	)
M82		291,828		650,854		(359,026	)
M44		317,175		883,483		(566,308	)
M40		357,507		766,254		(408,747	)
M83		807,504		1,872,035		(1,064,531	)
M08		189,755		862,108		(672,353	)
MB6		234,131		824,432		(590,301	)
MB7		97,655		228,342		(130,687	)
MC0		57,113		264,445		(207,332	)
MA0		444,548		1,061,042		(616,494	)
MC2		126,113		370,532		(244,419	)
MC1		178,362		301,054		(122,692	)
MC3		33,136		62,815		(29,679	)
MA1		106,280		155,971		(49,691	)
MC4		47,085		101,982		(54,897	)
MC5		10,654		19,131		(8,477	)
MC6		27,366		97,632		(70,266	)
MC7		138,369		33,034		105,335
MC8		77,648		270,865		(193,217	)
MC9		17,246		32,247		(15,001	)
MD0		44,058		130,852		(86,794	)
M92		793,158		5,083,187		(4,290,029	)
M96		364,317		780,930		(416,613	)
MD2		670,385		2,059,916		(1,389,531	)
MA6		82,186		288,221		(206,035	)
MA3		70,097		267,648		(197,551	)
M97		68,433		194,054		(125,621	)
MD5		41,503		119,170		(77,667	)
M98		36,399		110,836		(74,437	)
M93		540,769		591,821		(51,052	)
MD6		363,026		1,284,598		(921,572	)
MB3		34,320		128,374		(94,054	)
MD8		1,461,305		1,581,701		(120,396	)
MD9		3,828,352		4,489,069		(660,717	)
ME2		43,518		98,972		(55,454	)
ME3		143,050		218,002		(74,952	)

- 192 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
MA5		79,824		147,316		(67,492	)
MA7		8,765		46,180		(37,415	)
ME4		28,050		107,553		(79,503	)
MA2		383,605		96,290		287,315
MF3		297,650		339,614		(41,964	)
MF5		894,058		2,571,490		(1,677,432	)
MF6		5,969		8,494		(2,525	)
MF7		351,783		272,227		79,556
MF9		580,684		1,236,740		(656,056	)
MG1		1,198,250		1,465,325		(267,075	)
MF2		756,871		3,880,673		(3,123,802	)
MG2		741,001		2,117,941		(1,376,940	)
MG3		32,403		152,349		(119,946	)
MG4		106,734		136,486		(29,752	)
MG6		1,570,698		5,935,886		(4,365,188	)
MG7		166,500		76,972		89,528
V46		13,471		2,636		10,835
V45		68,768		16,884		51,884
U43		93,584		9,901		83,683
U41		149,097		22,956		126,141
V44		1,524,470		415,677		1,108,793
V43		124,883		52,829		72,054
O19		59,052		72,536		(13,484	)
O23		231,838		371,587		(139,749	)
O20		68,951		73,825		(4,874	)
O21		388,308		543,406		(155,098	)
O04		4,218		18,116		(13,898	)
PH2		3,600		8,823		(5,223	)
P08		71,992		150,632		(78,640	)
PC0		75,911		185,594		(109,683	)
P70		154,108		56,086		98,022
P10		530,969		1,351,689		(820,720	)
PK8		15,029		31,214		(16,185	)
P20		567		1,996		(1,429	)
PM5		28,283		3,328		24,955
PD6		1,011,069		2,955,176		(1,944,107	)
P06		113,453		340,703		(227,250	)
P07		498,560		1,236,964		(738,404	)
P68		136,086		96,626		39,460
PI3		169,474		319,930		(150,456	)
P72		280,129		168,428		111,701
P88		266,736		37,495		229,241
P93		109,629		4,842		104,787
P89		65,606		38,816		26,790
P95		48,396		12,088		36,308

- 193 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
P79		48,496		47,627		869
P80		56,121		3,481		52,640
P81		40,989		875		40,114
TBD		449,060		17,280		431,780
TBE		113,596		7,401		106,195
TBF		281,024		32,868		248,156
TP1		69,996		2,997		66,999
TP2		112,804		2,432		110,372
TP3		224,262		17,531		206,731
TP4		73,818		771		73,047
TP5		813,477		31,051		782,426
W41		2,213		1,144		1,069
W42		243		40		203
W50		26,017		27,519		(1,502	)

9. TAX DIVERSIFICATION REQUIREMENTS

Under the provisions of Section 817(h) of the Code, a variable annuity contract, other than a pension plan contract, is not treated as an annuity contract for federal tax purposes for any period in which the investments of the segregated asset account on which the contract is based are not adequately diversified. The Code provides that the “adequately diversified” requirement may be met if the underlying investments satisfy either a statutory safe harbor test or diversification requirements set forth in regulations issued by the Secretary of Treasury. The Sponsor believes that the Variable Account satisfies the current requirements of the regulations, and it intends that the Variable Account will continue to meet such requirements.

- 194 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS

The summary of units outstanding, unit value (some of which may be rounded), net assets, investment income ratios, expense ratios (excluding expenses of the underlying funds) and the total return, for each of the five years in the period ended December 31, is as follows:


	At December 31,									For the years ended December 31,
	Units		Unit Value lowest to highest⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
AL1
2023		1,753,083	$	11.4788	to	$	15.8453	$	27,670,614		0.88	%		1.20	%	to	2.10	%		11.31	%	to		10.31	%
2022		1,939,015		10.3121	to		14.0439		28,178,362		3.07			1.20		to	2.25			(20.13	)	to		(20.97	)
2021		2,014,030		12.9119	to		17.7714		37,656,065		0.25			1.20		to	2.25			11.84		to		10.83
2020		2,137,310		11.5276	to		16.0348		37,181,804		2.14			1.20		to	2.25			7.94		to		6.80
2019		2,340,904		18.0438	to		15.0135		37,855,824		2.30			0.65		to	2.25			17.43		to		15.56
AO5
2023		3,674,214		14.5151	to		12.0566		47,265,069		0.60			0.65		to	2.10			12.74		to		11.11
2022		4,197,269		12.8746	to		10.8508		48,365,384		2.53			0.65		to	2.10			(19.20	)	to		(20.37	)
2021		4,623,947		15.9347	to		13.6271		66,586,510		1.54			0.65		to	2.10			8.57		to		6.99
2020		5,255,164		14.6773	to		12.7364		70,406,634		1.52			0.65		to	2.10			4.18		to		2.66
2019		5,551,012		14.0887	to		12.4059		72,077,915		1.77			0.65		to	2.10			14.49		to		12.83
A71
2023		69,890		11.3402					792,522		1.28			1.20								10.39
2022		61,974		10.2730					636,631		1.20			1.20								(5.56	)
2021		33,829		10.8779					367,989		0.11			1.20								7.21
AM2
2023		259,829		11.4580	to		10.0777		2,838,970		—			1.35		to	2.15			10.85		to		9.96
2022		304,293		10.3369	to		9.1652		3,007,124		—			1.35		to	2.15			(28.78	)	to		(29.35	)
2021		303,416		14.5136	to		12.9729		4,219,091		—			1.35		to	2.15			6.55		to		5.70
2020		318,328		13.6210	to		12.2738		4,166,019		1.10			1.35		to	2.15			27.85		to		26.82
2019		421,037		10.6537	to		9.6780		4,331,861		0.28			1.35		to	2.15			25.52		to		24.51
A98
2023		2,449,240		8.3340	to		7.3898		19,405,577		0.66			1.35		to	2.10			13.29		to		12.44
2022		2,857,916		7.3564	to		6.5723		20,038,001		4.09			1.35		to	2.10			(14.95	)	to		(15.59	)
2021		3,189,961		8.7107	to		7.7865		26,386,762		1.65			1.30		to	2.10			9.42		to		8.54
2020		3,473,643		7.9610	to		7.1739		26,366,188		1.58			1.30		to	2.10			0.88		to		0.07
2019		3,626,556		7.8914	to		7.1689		27,378,427		0.79			1.30		to	2.10			15.28		to		14.35
AC4
2023		907,608		11.1131	to		18.5458		12,970,289		—			1.20								33.18
2022		776,345		8.3444	to		13.9253		8,884,821		—			1.20								(29.54	)
2021		500,374		11.8428	to		19.7634		9,353,531		—			1.20						17.04		to		27.11
2020		70,235		15.5480					1,092,017		—			1.20								33.53
2019		7,757		11.6441					90,321		—			1.20								32.76
A19
2023		481,963		7.2662					3,501,763		—			1.20								16.32
2022		307,708		6.2467					1,922,091		—			1.20								(39.99	)
2021		73,527		10.4096					765,385		—			1.20								1.45
A74
2023		914,516		12.6120	to		26.7563		15,778,279		0.80			1.35		to	2.10			15.29		to		14.43
2022		950,769		10.9225	to		23.3827		14,954,000		0.88			1.35		to	2.10			(16.82	)	to		(17.57	)
2021		774,469		13.1317	to		27.7803		16,810,572		0.61			1.20		to	2.30			33.98		to		32.51
2020		562,812		24.4834	to		20.9653		12,306,296		0.81			0.65		to	2.30			2.38		to		0.69
2019		576,830		23.9137	to		20.8218		12,498,367		0.33			0.65		to	2.30			19.12		to		17.16
AP0
2023		3,016,531		10.4674	to		18.7452		40,344,254		0.17			1.20								36.49
2022		2,423,287		7.6690	to		13.7337		25,621,145		0.11			1.20								(30.95	)
2021		1,437,833		11.1065	to		19.8895		26,106,356		0.06			1.20								10.95
2020		270,332		16.5431					4,472,124		0.17			1.20								49.90
2019		10,862		11.0364					119,876		1.17			1.20								28.88
AQ1
2023		1,463,434		11.3400	to		15.2233		18,612,063		1.27			1.20								24.32
2022		1,208,895		9.1213	to		12.2447		12,776,456		1.25			1.20								(17.70	)
2021		694,402		11.0832	to		14.8784		9,831,200		1.27			1.20								10.02
2020		40,047		12.1636					487,112		1.96			1.20								11.89
2019		654		10.8711					7,109		7.73			1.20								24.35

- 195 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²				Total Return³
AQ2
2023		393,591	$	10.4087	to	$	8.5259	$	3,579,432		1.20	%		1.20%				14.18%
2022		298,763		7.4672	to		9.1161		2,430,476		1.80			1.20				(21.97)
2021		183,701		11.6821					2,010,502		3.88			1.20				(2.89)
2020		8,469		12.0297					101,879		1.23			1.20				12.30
AS3
2023		6,884,918		13.1769	to		10.2190		74,567,315		2.09			1.20				12.66
2022		5,039,562		9.0704	to		11.6958		49,244,772		2.01			1.20				(14.69)
2021		2,536,551		13.7104					31,697,953		2.05			1.20				13.47
2020		162,665		12.0830					1,965,479		2.76			1.20				10.81
2019		10,471		10.9039					114,179		6.29			1.20				19.48
AS6
2023		889,400		9.4705	to		15.0405		10,151,639		0.74			1.20				20.83
2022		733,527		7.8375	to		12.4472		7,347,333		0.49			1.20				(25.82)
2021		430,184		10.5652					6,483,683		0.17			1.20				5.56
2020		61,464		14.6227					898,766		0.05			1.20				28.61
AQ3
2023		253,072		8.7425	to		12.7106		2,596,299		1.35			1.20				0.14
2022		195,295		7.6494	to		11.1215		1,847,450		1.19			1.20				(23.18)
2021		132,867		9.9579	to		14.4777		1,782,982		0.83			1.20				(1.11)
2020		27,209		14.0047					381,060		—			1.20				21.81
2019		323		11.4968					3,715		2.05			1.20				27.27
AX1
2023		1,011,153		9.9465	to		12.2981		10,290,052		1.60			1.20				12.09
2022		545,047		8.8734	to		10.9713		5,027,940		—			1.20				(15.75)
2021		233,724		10.5325					2,700,565		1.31			1.20				5.16
2020		13,914		11.9321					166,024		2.75			1.20				8.68
B21
2023		1,082,849		10.0775					10,911,667		2.29			1.20				13.94
2022		688,267		8.8446					6,087,231		2.53			1.20				(16.05)
2021		230,503		10.5357					2,428,504		6.26			1.20				5.04
B19
2023		296,711		10.0820					2,991,267		—			1.20				46.82
2022		209,679		6.8669					1,439,792		—			1.20				(38.56)
2021		64,269		11.1757					718,256		—			1.20				11.50
B20
2023		166,529		10.8501					1,806,755		1.92			1.20				10.66
2022		89,609		9.8053					878,619		1.66			1.20				(5.25)
2021		17,505		10.3486					181,156		0.89			1.20				1.93
B18
2023		14,489,368		18.1117	to		17.8252		275,243,028		2.39			0.65	to	2.35		11.76		to	9.87
2022		16,604,716		16.2057	to		16.2239		287,231,446		0.00			0.65	to	2.35		(16.62	)	to	(18.03	)
2021		18,259,602		19.4355	to		19.7927		387,539,634		0.81			0.65	to	2.35		5.72		to	3.93
2020		19,276,712		18.3831	to		19.0442		400,737,513		1.21			0.65	to	2.35		19.92		to	17.88
2019		22,286,973		15.3292	to		16.1552		390,773,237		1.22			0.65	to	2.35		16.99		to	15.01
B22
2023		101,672		10.1750					1,034,465		—			1.20				50.65
2022		62,515		6.7539					422,206		—			1.20				(38.99)
2021		25,400		11.0704					281,184		—			1.20				10.51
B23
2023		91,451		8.8388					808,194		3.61			1.20				4.17
2022		69,444		8.4852					589,226		2.24			1.20				(15.28)
2021		22,673		10.0161					227,303		0.80			1.20				(0.02)
L33 2023		264,025		9.1070	to		12.8669		2,609,168		0.02			1.20				11.28
2022		175,673		8.1842	to		11.5631		1,614,479		0.12			1.20				(26.39)
2021		88,293		11.1190	to		15.7096		1,216,470		0.02			1.20				9.79
2020		4,516		12.3843					55,923		0.05			1.20				13.72
2019		2,537		10.8900					27,625		0.71			1.20				31.06

- 196 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,								For the years ended December 31,
	Units		Unit Value⁴				Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²				Total Return³
L34
2023		58,919		$11.3392			$	668,054		0.91	%		1.20%				17.97%

2022		32,934		9.6121				316,560		0.96			1.20				(13.69)
2021		12,436		11.1371				138,498		0.75			1.20				10.08
L35
2023		117,233		11.7027				1,371,864		2.14			1.20				12.65
2022		97,648		10.3887				1,014,400		1.35			1.20				(9.33)
2021		64,069		11.4573				734,056		1.96			1.20				12.25
C71
2023		383		32.6578	to	32.0467		12,468		0.17			1.65	to	1.75		19.67		to	19.55
2022		3,398		27.2894	to	26.8050		92,683		0.49			1.65	to	1.75		(10.47	)	to	(10.56	)
2021		3,523		30.4800	to	29.9683		107,322		0.23			1.65	to	1.75		26.69		to	26.56
2020		914		24.0595	to	23.6788		21,954		0.34			1.65	to	1.75		6.80		to	6.70
2019		944		22.5273	to	22.1927		21,229		0.27			1.65	to	1.75		18.99		to	18.88
C59
2023		2,886		27.1386	to	26.1093		76,940		—			1.35	to	1.85		41.24		to	40.54
2022		3,475		19.2139	to	18.5781		65,648		—			1.35	to	1.85		(32.31	)	to	(32.65	)
2021		3,071		28.3838	to	27.5830		85,976		—			1.35	to	1.85		27.00		to	26.36
2020		3,327		22.3496	to	21.8286		73,499		—			1.35	to	1.85		32.92		to	32.25
2019		3,939		16.8147	to	16.5058		65,592		—			1.35	to	1.85		34.07		to	33.40
C60
2023		1,656,505		28.1085	to	25.1268		43,025,241		—			0.65	to	2.10		41.84		to	39.79
2022		2,216,291		19.8166	to	17.9740		40,965,907		—			0.65	to	2.10		(31.98	)	to	(32.96	)
2021		2,064,095		29.1324	to	26.8124		56,678,746		—			0.65	to	2.10		27.52		to	25.67
2020		2,552,106		22.8455	to	21.3353		55,532,553		—			0.65	to	2.10		33.54		to	31.59
2019		3,355,394		17.1081	to	16.2133		55,246,600		—			0.65	to	2.10		34.65		to	32.70
C89
2023		2,126		25.5680	to	24.9800		53,611		—			1.35	to	1.65		37.66		to	37.25
2022		2,126		18.5726	to	18.2004		39,014		—			1.35	to	1.65		(28.97	)	to	(29.19	)
2021		2,122		26.1488	to	25.2651		54,924		—			1.35	to	1.95		16.98		to	16.27
2020		5,600		22.3542	to	21.7297		122,603		—			1.35	to	1.95		30.15		to	29.36
2019		9,175		16.9851	to	16.7973		154,346		—			1.65	to	1.95		29.59		to	29.20
C90
2023		558,446		25.0848	to	23.6705		13,649,174		—			1.35	to	2.10		37.34		to	36.31
2022		740,594		18.2651	to	17.3655		13,220,856		—			1.35	to	2.10		(29.15	)	to	(29.69	)
2021		686,346		25.7817	to	24.6977		17,356,850		—			1.35	to	2.10		16.68		to	15.81
2020		787,774		22.8352	to	21.3268		17,135,069		—			0.65	to	2.10		30.75		to	28.85
2019		987,736		17.4648	to	16.5514		16,597,423		—			0.65	to	2.10		30.58		to	28.69
C58
2023		236,923		13.7138	to	12.9393		3,162,906		1.76			1.35	to	2.10		13.77		to	12.92
2022		287,223		12.0534	to	11.4589		3,385,267		0.76			1.35	to	2.10		(16.05	)	to	(16.68	)
2021		328,020		14.3985	to	13.7527		4,621,818		1.10			1.30	to	2.10		8.32		to	7.45
2020		338,100		13.2924	to	12.7991		4,416,458		1.49			1.30	to	2.10		7.41		to	6.54
2019		380,321		12.3754	to	12.0129		4,641,220		1.80			1.30	to	2.10		23.53		to	22.53
C91
2023		528,425		10.5945	to	13.9685		6,537,985		—			1.20				3.86
2022		453,049		10.2013	to	13.4500		5,458,508		—			1.20				(3.23)
2021		354,669		10.5420	to	13.8992		4,749,647		—			1.20				3.89
2020		12,557		11.1665				140,220		—			1.20				5.53
2019		3,422		10.5818				36,216		—			1.20				24.91
C92
2023		1,259,769		10.4181				13,123,565		—			1.20				19.65
2022		781,670		8.7068				6,805,655		—			1.20				(17.86)
2021		285,506		10.5997				3,026,272		—			1.20				5.61
FD7
2023		3,207,858		30.2992	to	24.1861		87,015,206		1.50			0.65	to	2.30		20.45		to	18.47
2022		3,834,583		25.1551	to	20.4150		87,213,498		1.04			0.65	to	2.30		(18.72	)	to	(20.05	)
2021		4,167,158		30.9479	to	25.5362		117,791,565		0.73			0.65	to	2.30		17.23		to	15.30
2020		4,591,952		26.4004	to	22.1486		111,958,956		1.24			0.65	to	2.30		21.33		to	19.33
2019		5,062,414		21.7589	to	18.6826		102,797,537		1.53			0.65	to	2.25		23.31		to	21.34

- 197 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
F24
2023		3,045,303	$	43.5932	to	$	31.7768	$	108,149,079		0.24	%		0.65	%	to	2.35	%		32.26	%	to	30.02	%
2022		3,881,752		32.9614	to		24.4400		105,302,012		0.27			0.65		to	2.35			(26.96	)	to	(28.20	)
2021		3,825,641		45.1308	to		34.0405		143,633,704		0.03			0.65		to	2.35			26.68		to	24.53
2020		4,745,987		35.6250	to		27.3342		142,207,353		0.08			0.65		to	2.35			29.39		to	27.19
2019		6,086,530		27.5338	to		21.4915		142,358,463		0.21			0.65		to	2.35			30.42		to	28.21
F88
2023		78,127		19.1828	to		16.7068		1,392,621		3.74			1.35		to	2.10			7.62		to	6.81
2022		84,546		17.8247	to		15.6414		1,406,691		1.92			1.35		to	2.10			(14.82	)	to	(15.46	)
2021		95,572		20.9266	to		18.5025		1,871,006		0.70			1.35		to	2.10			4.17		to	3.39
2020		136,742		20.0882	to		17.8959		2,561,365		1.00			1.35		to	2.10			10.73		to	9.89
2019		129,978		18.1424	to		16.2854		2,233,208		1.67			1.35		to	2.10			14.19		to	13.33
FB9
2023		359,748		20.7378	to		18.0610		6,957,923		3.39			1.35		to	2.10			9.16		to	8.34
2022		412,267		18.9983	to		16.6712		7,346,741		1.89			1.35		to	2.10			(15.93	)	to	(16.57	)
2021		484,120		22.5993	to		19.9814		10,300,644		0.78			1.35		to	2.10			5.95		to	5.15
2020		611,405		21.3308	to		19.0028		12,343,763		1.03			1.35		to	2.10			12.03		to	11.19
2019		657,257		19.0399	to		17.0910		11,901,135		1.76			1.35		to	2.10			16.38		to	15.51
F15
2023		589,083		21.8171	to		18.3120		12,251,931		2.90			1.35		to	2.30			10.72		to	9.66
2022		719,443		19.7056	to		16.6983		13,486,987		1.86			1.35		to	2.30			(17.10	)	to	(17.89	)
2021		814,357		23.7698	to		20.3357		18,476,600		0.80			1.35		to	2.30			7.79		to	6.77
2020		1,011,319		22.2216	to		19.0470		21,232,682		1.05			1.30		to	2.30			13.23		to	12.09
2019		1,025,139		19.6253	to		16.9923		19,154,940		1.75			1.30		to	2.30			18.32		to	17.14
F41
2023		1,898,337		29.3259	to		26.5933		54,432,984		0.37			0.65		to	2.10			14.06		to	12.41
2022		2,189,234		25.7112	to		23.0938		55,540,607		0.26			0.65		to	2.25			(15.52	)	to	(16.87	)
2021		2,463,448		30.4341	to		27.7791		74,742,720		0.34			0.65		to	2.25			24.49		to	22.51
2020		3,053,574		24.4464	to		22.6759		75,212,506		0.38			0.65		to	2.25			17.10		to	15.22
2019		3,638,561		20.8766	to		19.6798		77,323,129		0.66			0.65		to	2.25			22.37		to	20.42
FE3
2023		9,125,866		17.0703	to		14.7459		152,131,312		0.00			0.65		to	2.35			9.36		to	7.51
2022		10,303,478		15.6088	to		13.7155		158,539,919		2.07			0.65		to	2.35			(8.76	)	to	(10.31	)
2021		11,992,814		17.1076	to		15.2916		204,264,220		0.90			0.65		to	2.35			3.76		to	2.00
2020		12,795,754		16.4871	to		14.9913		212,174,612		2.65			0.65		to	2.35			6.16		to	4.35
2019		13,956,758		15.5308	to		14.3662		220,190,765		0.30			0.65		to	2.35			16.62		to	14.64
F17
2023		176,112		10.7388					1,891,115		1.03			1.20						6.47
2022		111,549		10.0865					1,125,111		0.71			1.20						(11.75)
2021		49,568		11.4291					566,514		0.58			1.20						12.46
F18
2023		62,065		10.1139					627,681		0.70			1.20						15.51
2022		32,524		8.7562					284,774		0.75			1.20						(20.34)
2021		12,290		10.9920					135,097		1.10			1.20						11.77
F19
2023		748,251		9.9801	to		13.2435		7,774,077		2.47			1.20						9.19
2022		538,232		9.1401	to		12.1289		5,189,362		1.84			1.20						(13.25)
2021		182,400		10.5362	to		13.9815		2,352,109		1.35			1.20						4.56
2020		8,070		12.6066					101,734		2.26			1.20						20.12
L36
2023		85,209		9.8685					840,839		2.69			1.20						12.91
2022		31,579		8.7401					275,995		2.72			1.20						(15.35)
2021		97		10.3253					1,002		19.54			1.20						2.52
T21
2023		918,485		16.6426	to		14.3602		14,153,806		2.07			1.30		to	2.10			11.17		to	10.28
2022		1,027,554		14.9710	to		12.6865		14,310,486		2.58			1.30		to	2.25			(22.99	)	to	(23.73	)
2021		1,046,664		19.4414	to		16.6331		19,016,638		0.87			1.30		to	2.25			(6.96	)	to	(7.85	)
2020		996,395		20.8964	to		18.0498		19,540,379		4.31			1.30		to	2.25			15.66		to	14.56
2019		1,213,365		18.0670	to		15.7564		20,664,498		0.99			1.30		to	2.25			25.05		to	23.86
S23
2023		72,970		7.4905					546,534		1.84			1.20						11.19
2022		51,567		6.7363					347,359		1.97			1.20						(22.94)
2021		22,266		8.7411					194,631		0.02			1.20						(13.04)

- 198 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
T20
2023		2,499,454	$	18.3910	to	$	18.8471	$	52,576,034		3.22	%		1.30	%	to	2.35	%		19.20	%	to	17.95	%
2022		3,014,887		15.4292	to		15.9795		53,415,908		2.95			1.30		to	2.35			(8.80	)	to	(9.76	)
2021		3,561,181		16.9184	to		17.7079		69,499,573		1.81			1.30		to	2.35			2.81		to	1.73
2020		3,756,405		16.4563	to		16.9424		71,582,091		3.51			1.30		to	2.50			(2.44	)	to	(3.62	)
2019		3,970,974		16.8684	to		17.5788		77,960,240		1.75			1.30		to	2.50			11.07		to	9.73
FE6
2023		1,006,668		18.6239	to		16.3829		17,785,635		1.46			1.30		to	2.10			13.13		to	12.22
2022		1,128,864		16.4624	to		14.2728		17,666,000		1.64			1.30		to	2.25			(17.09	)	to	(17.88	)
2021		1,289,505		19.8552	to		17.3796		24,403,221		1.74			1.30		to	2.25			10.23		to	9.19
2020		1,485,214		17.8952	to		15.9175		25,608,396		1.48			1.35		to	2.25			10.23		to	9.24
2019		1,669,351		16.2337	to		14.5715		26,197,758		3.54			1.35		to	2.25			18.25		to	17.18
S18
2023		202,333		9.9136					2,005,729		1.34			1.20						13.26
2022		109,184		8.7533					955,683		1.41			1.20						(17.19)
2021		27,723		10.5708					293,058		0.02			1.20						5.22
T59
2023		218,338		9.8174	to		8.0490		1,857,178		—			0.65		to	2.25			2.15		to	0.52
2022		244,194		9.6104	to		8.0069		2,057,984		—			0.65		to	2.25			(5.74	)	to	(7.24	)
2021		368,313		10.1958	to		8.6323		3,325,426		—			0.65		to	2.25			(5.63	)	to	(7.14	)
2020		398,143		10.8038	to		9.2511		3,863,954		7.79			0.65		to	2.30			(5.97	)	to	(7.52	)
2019		427,256		11.4894	to		10.0037		4,468,153		6.55			0.65		to	2.30			1.20		to	(0.47	)
F56
2023		409,091		19.9821	to		22.4573		10,273,421		3.36			1.30		to	2.25			19.45		to	18.31
2022		487,083		16.7291	to		18.9814		10,288,499		0.15			1.30		to	2.25			(12.65	)	to	(13.48	)
2021		549,166		19.1516	to		21.9387		13,321,322		1.10			1.30		to	2.25			3.51		to	2.53
2020		598,179		18.5019	to		21.3981		14,040,606		3.08			1.30		to	2.25			4.42		to	3.43
2019		642,518		17.7181	to		20.6892		14,491,099		2.71			1.30		to	2.25			13.66		to	12.58
F59
2023		2,055,585		20.3404	to		16.2189		36,915,056		5.16			0.65		to	2.25			7.92		to	6.20
2022		2,287,524		18.8478	to		15.2720		38,469,119		4.85			0.65		to	2.25			(6.09	)	to	(7.58	)
2021		2,694,045		20.0693	to		16.3995		48,749,838		4.66			0.65		to	2.30			16.00		to	14.09
2020		3,261,985		17.3016	to		14.3748		51,437,879		5.81			0.65		to	2.30			0.04		to	(1.62	)
2019		3,499,450		17.2950	to		14.6110		55,707,188		5.27			0.65		to	2.30			15.31		to	13.40
FF0
2023		1,709,727		10.6680	to		16.6770		18,684,259		4.63			1.20		to	2.05			7.25		to	6.34
2022		1,031,991		9.9467	to		15.6828		10,736,705		4.32			1.20		to	2.05			(6.72	)	to	(7.51	)
2021		267,149		10.6634	to		16.9570		3,448,458		3.60			1.20		to	2.05			5.92		to	14.21
2020		97,334		15.8582	to		14.8472		1,519,999		5.63			1.35		to	2.05			(0.78	)	to	(1.48	)
2019		97,632		15.9829	to		15.0064		1,539,309		4.92			1.35		to	2.10			14.49		to	13.62
F54
2023		3,040,585		23.8200	to		25.9664		89,410,504		1.85			0.65		to	2.25			12.73		to	10.93
2022		3,428,916		21.1304	to		23.4071		90,351,817		1.78			0.65		to	2.25			(8.03	)	to	(9.50	)
2021		4,071,384		22.9756	to		25.6069		117,898,051		2.86			0.65		to	2.30			18.39		to	16.44
2020		4,727,890		19.4060	to		21.9908		116,819,020		2.95			0.65		to	2.30			(5.66	)	to	(7.22	)
2019		4,608,107		20.5707	to		23.7028		121,896,779		1.78			0.65		to	2.30			21.78		to	19.77
FG8
2023		95,257		10.5923	to		20.1804		1,077,220		2.01			1.20		to	2.05			11.96		to	11.01
2022		57,635		9.4608	to		18.1793		614,340		2.18			1.20		to	2.05			(8.57	)	to	(9.35	)
2021		15,824		10.3481	to		20.0549		259,478		2.69			1.20		to	2.05			1.82		to	16.64
2020		12,468		18.3655	to		17.1946		223,325		2.86			1.35		to	2.05			(6.45	)	to	(7.11	)
2019		11,683		19.6320	to		18.5107		224,329		1.45			1.35		to	2.05			20.79		to	19.94
S21
2023		365,272		11.3095					4,130,834		0.84			1.20						10.65
2022		246,158		10.2211					2,515,906		0.82			1.20						(11.75)
2021		62,948		11.5814					729,020		0.01			1.20						14.00
F53
2023		306,209		32.1842	to		45.7312		15,346,683		0.53			0.65		to	2.10			12.02		to	10.40
2022		358,952		28.7320	to		41.4247		16,235,834		0.96			0.65		to	2.10			(10.65	)	to	(11.94	)
2021		433,934		32.1558	to		45.6536		22,225,104		0.97			0.65		to	2.30			24.55		to	22.50
2020		508,970		25.8172	to		37.2682		21,129,483		1.67			0.65		to	2.30			4.50		to	2.78
2019		564,908		24.7045	to		36.2616		22,684,408		1.05			0.65		to	2.30			25.53		to	23.46

- 199 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
FJ9
2023		199,784	$	10.0255	to	$	27.0194	$	2,121,744		0.44	%		1.20	%	to	2.05	%		11.33	%	to	10.38	%
2022		114,489		9.0053	to		24.4781		1,162,187		0.94			1.20		to	2.05			(11.18	)	to	(11.94	)
2021		62,003		10.1392	to		27.7969		804,810		0.55			1.20		to	2.05			(0.67	)	to	22.62
2020		11,004		24.2127	to		22.6690		260,494		1.56			1.35		to	2.05			3.71		to	2.98
2019		11,424		23.3463	to		22.0128		261,610		1.07			1.35		to	2.05			24.53		to	23.66
T28
2023		515,004		13.1039	to		12.6109		7,154,255		4.49			0.65		to	2.25			7.48		to	5.77
2022		596,366		12.1918	to		11.9231		7,778,476		4.32			0.65		to	2.25			(11.33	)	to	(12.74	)
2021		675,496		13.7497	to		13.6645		10,056,531		3.38			0.65		to	2.25			1.45		to	(0.17	)
2020		755,442		13.5537	to		13.6884		11,191,292		4.82			0.65		to	2.25			2.76		to	1.11
2019		846,888		13.1901	to		13.5381		12,325,639		5.06			0.65		to	2.25			7.35		to	5.64
FJ0
2023		5,375		11.7283	to		10.7512		60,317		4.34			1.35		to	2.05			6.54		to	5.79
2022		5,696		11.0087	to		10.1627		60,198		4.21			1.35		to	2.05			(12.04	)	to	(12.66	)
2021		7,012		12.5158	to		11.6356		84,961		3.80			1.35		to	2.05			0.68		to	(0.02	)
2020		11,687		12.4310	to		11.6385		142,774		4.65			1.35		to	2.05			1.95		to	1.23
2019		12,959		12.1933	to		11.4969		155,855		4.56			1.35		to	2.05			6.48		to	5.73
G03
2023		190,093		11.0199	to		14.8220		2,728,599		0.46			1.20						22.11
2022		196,257		9.0243	to		12.1379		2,313,239		0.61			1.20						(20.86)
2021		184,093		11.4033	to		15.3376		2,813,038		0.88			1.20						12.55
2020		11,758		12.0231					141,366		1.29			1.20						15.91
2019		3,522		10.3727					36,538		6.25			1.20						23.43
H24⁵
2020		55,637		14.4690	to		13.4533		786,570		0.65			1.35		to	1.90			(0.17	)	to	(0.72	)
2019		55,201		14.4934	to		13.5511		783,087		2.65			1.35		to	1.90			5.85		to	5.27
H32⁶
2020		48,854		21.7101	to		19.6572		1,036,742		—			1.35		to	2.10			12.60		to	11.75
2019		55,082		19.2814	to		17.5910		1,040,138		—			1.35		to	2.10			22.33		to	21.41
V35
2023		114,315		28.2312	to		25.0334		3,051,112		0.35			1.35		to	2.10			13.74		to	12.89
2022		148,325		24.8203	to		22.1753		3,486,759		0.43			1.35		to	2.10			(4.17	)	to	(4.89	)
2021		183,601		25.9001	to		23.3154		4,544,009		0.23			1.35		to	2.10			25.91		to	24.96
2020		228,866		20.5708	to		18.6583		4,514,770		0.65			1.35		to	2.10			(0.50	)	to	(1.26	)
2019		271,291		20.6752	to		18.8957		5,387,511		0.41			1.35		to	2.10			23.03		to	22.10

- 200 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
V13
2023		673,014	$	36.1618	to	$	24.2078	$	17,539,209		1.48	%		0.65	%	to	2.10	%		11.37	%	to	9.76	%
2022		816,424		32.4702	to		22.0553		19,254,849		1.30			0.65		to	2.10			0.19		to	(1.26	)
2021		982,333		32.4079	to		22.3360		23,348,042		1.55			0.65		to	2.10			32.18		to	30.27
2020		1,255,493		24.5181	to		17.1465		22,939,013		2.15			0.65		to	2.10			(1.73	)	to	(3.16	)
2019		1,331,139		24.9503	to		17.7062		25,022,831		1.67			0.65		to	2.10			24.13		to	22.33
AB3
2023		140,646		8.7946	to		10.0990		1,354,997		2.52			1.20						4.58		to	4.58
2022		125,118		8.4091	to		9.6563		1,168,970		0.56			1.20						(15.70	)	to	(15.70	)
2021		121,115		9.9751	to		11.4546		1,352,173		2.02			1.20						(0.20)
2020		24,479		11.7115					286,682		2.53			1.20						8.02
V11
2023		5,122,809		26.0590	to		22.1671		90,226,162		1.67			0.65		to	2.10			9.52		to	7.94
2022		4,763,445		23.7929	to		20.5362		84,706,784		1.47			0.65		to	2.10			(8.31	)	to	(9.64	)
2021		4,024,877		25.9499	to		22.7268		91,091,678		1.64			0.65		to	2.10			17.58		to	15.88
2020		4,174,214		22.0695	to		19.6125		87,202,232		2.21			0.65		to	2.10			8.94		to	7.35
2019		4,591,136		20.2592	to		18.2691		88,979,408		2.26			0.65		to	2.10			19.23		to	17.50
AC1
2023		86,363		17.7293	to		16.1503		1,470,396		—			1.35		to	2.10			16.28		to	15.41
2022		114,707		15.2465	to		13.9937		1,681,151		1.41			1.35		to	2.10			(19.60	)	to	(20.21	)
2021		126,045		18.9635	to		17.5372		2,304,802		1.06			1.35		to	2.10			4.18		to	3.40
2020		132,323		18.2018	to		16.9606		2,330,723		2.06			1.35		to	2.10			12.20		to	11.36
2019		151,039		16.2221	to		15.2308		2,379,791		1.23			1.35		to	2.10			26.51		to	25.56
V17
2023		396,535		8.3866					3,325,303		—			1.20						11.50
2022		237,830		7.5213					1,788,739		—			1.20						(31.95)
2021		44,675		11.0534					493,812		—			1.20						10.58
V19
2023		87,956		11.0247					969,630		2.09			1.20						7.47
2022		54,755		10.2581					561,662		2.57			1.20						(3.10)
2021		4,671		10.5858					49,444		2.78			1.20						4.04
V20
2023		685,426		10.8134					7,411,406		1.35			1.20						12.08
2022		450,080		9.6483					4,342,342		1.28			1.20						(13.11)
2021		32,058		11.1039					355,974		1.38			1.20						9.15
V21
2021		102,864		11.4133					1,174,022		1.67			1.20						13.38
MV1
2023		7,784,769		10.2954					80,142,473		2.00			1.20						13.76
2022		4,809,518		9.0501					43,525,126		1.30			1.20						(17.61)
2021		872,941		10.9850					9,589,244		0.78			1.20						9.59
MV2
2023		279,775		10.3070					2,883,506		0.12			1.20						16.37
2022		167,243		8.8571					1,481,238		0.09			1.20						(17.15)
2021		32,883		10.6907					351,540		—			1.20						6.00
MV3
2023		638,774		10.2423					6,542,272		—			1.20						52.44
2022		443,688		6.7191					2,981,067		—			1.20						(37.88)
2021		102,202		10.8156					1,105,376		—			1.20						9.14
MV4
2023		122,082		10.6584					1,301,129		1.03			1.20						9.78
2022		86,194		9.7088					836,810		1.50			1.20						(6.90)
2021		16,574		10.4284					172,842		0.63			1.20						2.40

- 201 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
J88
2023		3,228,763	$	11.2019	to	$	9.3572	$	32,112,116		3.27	%		0.65	%	to	2.10	%		4.97	%	to	3.45	%
2022		3,152,154		10.6714	to		9.0448		30,174,387		1.84			0.65		to	2.10			(13.30	)	to	(14.56	)
2021		3,684,665		12.3086	to		10.5856		41,005,068		1.69			0.65		to	2.10			(2.30	)	to	(3.72	)
2020		3,783,695		12.5986	to		10.9944		43,536,692		1.66			0.65		to	2.10			6.98		to	5.43
2019		3,728,909		11.7765	to		10.4285		40,491,756		2.38			0.65		to	2.10			7.17		to	5.61
JF17
2022		87,069		8.3971					731,101		0.94					1.20				(18.81)
2021		23,039		10.3419					238,263		—					1.20				2.92
JF08
2022		95,543		8.9211	to		10.2939		884,945		3.96					1.20				(13.55)
2021		40,895		10.3195	to		11.9074		463,590		0.28					1.20				2.46
J94
2023		294,208		48.0700	to		40.1559		12,523,127		1.25			0.65		to	2.10			26.02		to	24.20
2022		320,798		38.1449	to		32.3318		10,947,842		0.22			0.65		to	2.10			(19.42	)	to	(20.58	)
2021		365,296		47.3369	to		40.7123		15,626,632		0.54			0.65		to	2.10			28.17		to	26.32
2020		508,509		36.9316	to		32.2300		17,173,211		0.57			0.65		to	2.10			24.13		to	22.33
2019		574,362		29.7517	to		26.3469		15,769,422		0.62			0.65		to	2.10			30.59		to	28.69
L11
2023		1,930,479		11.2915	to		9.6629		20,868,196		4.67			0.65		to	2.35			21.48		to	19.43
2022		2,349,690		9.2949	to		8.0911		21,108,283		3.22			0.65		to	2.35			(15.67	)	to	(17.10	)
2021		2,605,638		11.0216	to		9.7596		28,047,671		1.80			0.65		to	2.35			4.78		to	3.00
2020		2,898,976		10.5186	to		9.4750		30,094,960		2.75			0.65		to	2.35			(1.92	)	to	(3.59	)
2019		2,926,589		10.7242	to		9.8276		31,286,383		0.88			0.65		to	2.35			17.37		to	15.38
L42
2023		36,842		9.5135	to		10.4101		355,060		—			1.20						949.00
2022		35,539		8.6889	to		9.4616		313,241		0.08			1.20						(18.36)
2021		16,613		10.6432	to		11.5898		182,299		4.16			1.20						6.33
L16
2023		449,391		9.1427	to		10.4101		4,287,250		5.74			1.20						5.28
2022		340,856		8.6842	to		9.8879		3,095,143		4.86			1.20						(13.84)
2021		263,842		10.0795	to		11.4767		2,842,314		6.09			1.20						0.52
2020		1,388		11.2470					15,611		10.58			1.20						6.02
L18
2023		438,186		39.9902	to		29.8925		14,898,825		—			1.30		to	2.35			9.24		to	8.09
2022		480,145		36.6076	to		27.6540		15,008,904		—			1.30		to	2.35			(33.41	)	to	(34.11	)
2021		467,657		54.9715	to		41.9680		22,030,651		—			1.30		to	2.35			5.08		to	3.97
2020		492,772		37.8028	to		40.3658		22,184,488		—			0.65		to	2.35			38.47		to	36.12
2019		665,279		27.3000	to		29.6554		21,837,274		—			0.65		to	2.35			35.48		to	33.18
L17
2023		699,255		28.5231	to		31.0439		23,522,191		0.56			0.65		to	2.10			13.89		to	12.25
2022		817,249		25.0440	to		27.6569		24,384,323		1.02			0.65		to	2.10			(12.55	)	to	(13.82	)
2021		930,958		28.6391	to		31.2187		32,114,142		0.78			0.65		to	2.25			26.49		to	24.47
2020		1,135,208		22.6420	to		25.0818		31,326,927		1.23			0.65		to	2.25			1.11		to	(0.51	)
2019		1,152,329		22.3933	to		25.2104		31,755,340		1.20			0.65		to	2.25			20.73		to	18.80
L19
2023		168,860		9.6681					1,632,442		4.93			1.20						3.80
2022		127,971		9.3145					1,191,944		3.81			1.20						(6.19)
2021		51,641		9.9295					512,766		6.17			1.20						(0.80)
M07
2023		13,434,634		17.9992	to		16.7272		235,205,012		2.04			1.15		to	1.85			9.18		to	8.41
2022		15,221,999		16.5036	to		15.4289		244,855,536		1.69			1.15		to	1.85			(10.61	)	to	(11.24	)
2021		16,787,920		18.4624	to		17.3837		302,630,577		1.78			1.15		to	1.85			12.82		to	12.01
2020		18,785,970		16.3649	to		15.5191		300,918,369		2.27			1.15		to	1.85			8.56		to	7.78
2019		20,851,912		15.0746	to		14.3983		308,554,370		2.32			1.15		to	1.85			19.01		to	18.17
M35
2023		12,160,294		18.4858	to		15.4701		199,351,185		1.82			0.65		to	2.35			9.50		to	7.65
2022		13,900,870		16.8814	to		14.3706		211,768,681		1.47			0.65		to	2.35			(10.42	)	to	(11.94	)
2021		15,409,374		18.8458	to		16.3194		266,307,528		1.60			0.65		to	2.35			13.10		to	11.18
2020		17,360,121		16.6635	to		14.6786		268,706,386		2.06			0.65		to	2.35			8.80		to	6.95
2019		19,920,899		15.3152	to		13.7245		286,329,571		2.10			0.65		to	2.35			19.34		to	17.31

- 202 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
M31
2023		2,298,822	$	30.6033	to	$	28.0469	$	136,834,471		—	%		1.00	%	to	1.85	%		34.51	%	to	33.37	%
2022		2,597,890		22.7514	to		21.0294		114,428,694		—			1.00		to	1.85			(32.32	)	to	(32.89	)
2021		2,848,419		33.6147	to		31.3373		186,951,578		—			1.00		to	1.85			22.30		to	21.26
2020		3,213,412		27.4856	to		25.8435		171,810,807		—			1.00		to	1.85			30.54		to	29.42
2019		3,740,843		21.0558	to		19.9683		152,966,150		—			1.00		to	1.85			36.77		to	35.60
M80
2023		526,441		48.8542	to		40.8107		21,386,985		—			0.65		to	2.10			34.63		to	32.69
2022		486,632		36.2873	to		30.7569		17,432,686		—			0.65		to	2.10			(32.25	)	to	(33.23	)
2021		420,101		53.5587	to		80.1315		25,414,922		—			0.65		to	2.25			22.44		to	20.48
2020		434,007		43.7438	to		66.5091		24,429,273		—			0.65		to	2.25			30.68		to	28.59
2019		512,464		33.4741	to		51.7228		22,382,240		—			0.65		to	2.25			36.88		to	34.70
M10
2023		17,662		10.8473					191,575		0.49			1.20						17.25
2022		11,796		9.2516					109,131		0.45			1.20						(17.68)
2021		4,596		11.2390					51,656		0.57			1.20						11.50
MF1
2023		957,870		20.4443	to		17.3302		18,302,362		—			1.15		to	1.85			19.93		to	19.09
2022		1,066,096		17.0935	to		14.5516		17,017,143		—			1.15		to	1.85			(29.51	)	to	(30.01	)
2021		1,207,205		24.2491	to		20.7912		27,387,599		—			1.15		to	1.85			12.81		to	12.01
2020		1,363,219		21.4949	to		18.5618		27,495,728		—			1.15		to	1.85			34.92		to	33.96
2019		1,585,873		15.9313	to		13.8562		23,780,230		—			1.15		to	1.85			37.08		to	36.11
M41
2023		935,859		26.6213	to		42.2764		25,349,555		—			1.15		to	2.15			19.59		to	18.39
2022		950,294		22.2609	to		34.6262		23,361,179		—			1.15		to	2.30			(29.61	)	to	(30.42	)
2021		833,837		31.6251	to		49.7645		32,057,195		—			1.15		to	2.30			12.57		to	11.27
2020		693,160		38.7964	to		44.7230		28,860,260		—			0.65		to	2.30			35.23		to	33.00
2019		788,367		28.6884	to		33.6261		25,548,387		—			0.65		to	2.30			37.38		to	35.12
M05
2023		1,775,607		20.8615	to		19.2461		35,515,514		—			1.00		to	1.85			13.27		to	12.31
2022		1,971,825		18.4170	to		17.1365		34,977,512		—			1.00		to	1.85			(30.46	)	to	(31.05	)
2021		2,195,487		26.4836	to		24.8539		56,250,892		—			1.00		to	1.85			0.78		to	(0.08	)
2020		2,517,095		26.2779	to		24.8728		64,273,735		—			1.00		to	1.85			44.43		to	43.20
2019		2,988,255		18.1945	to		17.3698		53,070,736		—			1.00		to	1.85			40.29		to	39.09
M42
2023		1,507,837		28.4486	to		23.5054		30,058,199		—			0.65		to	2.35			13.51		to	11.59
2022		1,583,325		25.0618	to		21.0634		29,122,159		—			0.65		to	2.35			(30.45	)	to	(31.63	)
2021		1,481,629		36.0338	to		30.8074		40,478,580		—			0.65		to	2.35			0.91		to	(0.80	)
2020		1,288,035		35.7077	to		31.0559		38,522,692		—			0.65		to	2.35			44.64		to	42.18
2019		1,693,473		24.6879	to		21.8430		36,002,846		—			0.65		to	2.35			40.36		to	37.98

- 203 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
M89
2023		27,354,728	$	11.9554	to	$	9.9235	$	290,816,491		2.99	%		0.65	%	to	2.15	%		6.44	%	to	4.84	%
2022		29,753,614		11.2325	to		9.3587		300,117,887		2.43			0.65		to	2.25			(14.74	)	to	(16.10	)
2021		33,841,637		13.1744	to		11.0961		404,255,630		2.48			0.65		to	2.30			(1.71	)	to	(3.33	)
2020		35,614,567		13.4036	to		11.4783		437,174,562		3.23			0.65		to	2.30			7.47		to	5.69
2019		37,989,667		12.4721	to		10.8599		438,069,818		3.15			0.65		to	2.30			9.21		to	7.41
M82
2023		2,800,574		34.5420	to		29.3531		86,295,449		0.25			0.65		to	2.10			21.33		to	19.58
2022		3,345,247		28.4693	to		24.5474		85,822,601		0.20			0.65		to	2.10			(17.97	)	to	(19.16	)
2021		3,704,273		34.7048	to		30.3638		117,052,638		0.33			0.65		to	2.10			23.71		to	21.91
2020		4,502,844		28.0545	to		24.9064		116,226,746		0.53			0.65		to	2.10			15.56		to	13.88
2019		5,170,576		24.2777	to		21.8715		116,695,377		0.58			0.65		to	2.10			31.74		to	29.83
M44
2023		4,592,558		15.0642	to		14.0823		67,435,995		3.51			1.15		to	1.85			(3.22	)	to	(3.91	)
2022		5,338,626		15.5654	to		14.6551		81,251,500		2.39			1.15		to	1.85			(0.39	)	to	(1.10	)
2021		5,904,934		15.6263	to		14.8176		90,458,399		1.73			1.15		to	1.85			12.79		to	11.99
2020		6,673,296		13.8539	to		13.2311		90,840,097		2.45			1.15		to	1.85			4.69		to	3.95
2019		7,697,178		13.2329	to		12.7289		100,358,195		3.96			1.15		to	1.85			23.64		to	22.76
M40
2023		2,469,252		14.9135	to		13.2457		33,842,646		3.28			1.00		to	2.25			(3.30	)	to	(4.51	)
2022		2,534,433		15.4230	to		13.8713		36,436,059		2.21			1.00		to	2.25			(0.52	)	to	(1.76	)
2021		2,943,180		15.5040	to		14.1203		43,411,865		1.52			1.00		to	2.25			12.69		to	11.28
2020		3,459,628		13.7586	to		12.6479		45,658,259		2.17			1.00		to	2.30			4.56		to	3.20
2019		3,882,378		13.1581	to		12.2558		49,315,500		3.71			1.00		to	2.30			23.56		to	21.95
M83
2023		7,234,963		19.8300	to		24.4566		162,343,958		1.64			1.15		to	2.35			6.71		to	5.42
2022		8,108,114		18.5836	to		23.1995		170,707,884		1.38			1.15		to	2.35			(6.98	)	to	(8.10	)
2021		9,172,645		19.9774	to		25.2445		210,909,834		1.31			1.15		to	2.35			24.03		to	22.52
2020		10,844,086		16.1075	to		20.3494		202,986,803		1.57			1.15		to	2.50			2.29		to	0.90
2019		11,986,049		15.7464	to		20.1686		219,810,033		2.10			1.15		to	2.50			28.32		to	26.58
M08
2023		3,332,985		28.7839	to		24.4616		77,148,204		1.40			0.65		to	2.10			6.94		to	5.39
2022		3,696,576		26.9169	to		22.7393		81,030,323		1.15			0.65		to	2.30			(6.75	)	to	(8.28	)
2021		4,368,929		28.8656	to		24.7934		104,521,906		1.15			0.65		to	2.30			24.35		to	22.30
2020		4,948,697		23.2142	to		20.2730		98,063,325		1.34			0.65		to	2.30			2.55		to	0.85
2019		5,322,655		22.6372	to		20.1014		104,013,424		1.87			0.65		to	2.30			28.66		to	26.55
MB6
2023		3,665,833		65.2853	to		33.7068		218,816,484		1.41			1.15		to	1.85			27.07		to	26.17
2022		4,281,405		51.3783	to		26.7161		201,501,244		1.11			1.15		to	1.85			(16.96	)	to	(17.55	)
2021		4,871,706		35.9098	to		32.4026		277,408,439		1.09			1.15		to	1.85			28.04		to	27.14
2020		5,645,548		48.3167	to		25.4852		248,711,024		1.64			1.15		to	1.85			14.02		to	13.21
2019		6,487,980		42.3746	to		22.5117		251,155,159		1.47			1.15		to	1.85			27.70		to	26.80
MB7
2023		873,443		44.9048	to		42.4732		42,118,942		1.07			1.00		to	2.35			26.93		to	25.22
2022		1,100,128		35.3786	to		33.9191		42,091,993		0.85			1.00		to	2.35			(17.04	)	to	(18.16	)
2021		1,230,815		42.6452	to		41.4447		56,959,965		0.90			1.00		to	2.35			27.89		to	26.17
2020		1,522,926		33.3442	to		31.9716		55,806,272		1.39			1.00		to	2.50			13.91		to	12.20
2019		1,845,504		29.2725	to		28.4960		59,738,770		1.24			1.00		to	2.50			27.59		to	25.67
MC0
2023		1,273,633		25.6533	to		21.1999		30,074,308		3.93			1.15		to	1.85			7.87		to	7.11
2022		1,427,191		23.7811	to		19.7933		31,337,326		3.35			1.15		to	1.85			(17.31	)	to	(17.90	)
2021		1,634,523		28.7586	to		24.1074		43,565,677		2.89			1.15		to	1.85			(2.52	)	to	(3.22	)
2020		1,809,941		29.5028	to		24.9086		49,656,153		3.49			1.15		to	1.85			9.31		to	8.53
2019		1,943,211		26.9909	to		22.9516		48,982,248		3.78			1.15		to	1.85			13.35		to	12.54

- 204 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
MA0
2023		4,362,277	$	13.7191	to	$	14.1366	$	79,513,159		3.77	%		0.65	%	to	2.30	%		8.19	%	to	6.41	%
2022		4,606,685		12.6808	to		13.2850		78,378,677		3.04			0.65		to	2.30			(17.16	)	to	(18.53	)
2021		5,223,179		15.3082	to		16.3058		108,364,502		2.65			0.65		to	2.30			(2.30	)	to	(3.91	)
2020		5,624,668		15.6680	to		16.9686		120,564,336		3.23			0.65		to	2.30			9.62		to	7.81
2019		6,042,604		14.2930	to		15.7393		119,375,562		3.56			0.65		to	2.30			13.71		to	11.84
MC2
2023		1,739,623		65.3860	to		39.8472		87,124,693		0.54			1.15		to	1.85			21.74		to	20.88
2022		1,989,921		53.7080	to		32.9643		81,815,665		0.31			1.15		to	1.85			(18.21	)	to	(18.79	)
2021		2,234,340		65.6662	to		40.5924		112,778,430		0.43			1.15		to	1.85			23.89		to	23.00
2020		2,470,136		53.0054	to		33.0008		100,805,765		0.72			1.15		to	1.85			17.35		to	16.52
2019		2,842,931		45.1674	to		28.3230		99,104,962		0.80			1.15		to	1.85			31.68		to	30.74
MC1
2023		1,685,893		45.1270	to		32.9758		46,626,408		0.32			0.65		to	2.10			22.00		to	20.23
2022		1,856,132		36.9900	to		27.4262		43,673,561		0.09			0.65		to	2.10			(18.02	)	to	(19.21	)
2021		1,978,824		45.1206	to		33.9463		57,493,057		0.28			0.65		to	2.10			24.24		to	22.44
2020		1,537,433		36.3164	to		27.1465		45,807,307		0.49			0.65		to	2.25			17.61		to	15.73
2019		1,523,361		30.8774	to		23.4566		40,168,506		0.55			0.65		to	2.25			32.01		to	29.90
MC3
2023		343,257		29.6099	to		24.2314		9,769,188		1.44			1.00		to	1.85			9.79		to	8.86
2022		381,235		26.9692	to		22.2594		9,929,839		4.10			1.00		to	1.85			(20.52	)	to	(21.20	)
2021		410,914		33.9318	to		28.2467		13,519,187		0.48			1.00		to	1.85			(7.68	)	to	(8.47	)
2020		434,670		36.7551	to		30.8600		15,572,429		3.15			1.00		to	1.85			9.46		to	8.52
2019		504,336		33.5786	to		28.4361		16,599,951		0.66			1.00		to	1.85			19.31		to	18.30
MA1
2023		669,421		10.0673	to		13.0277		10,553,876		1.14			0.65		to	2.10			9.99		to	8.40
2022		755,540		9.1531	to		12.0183		10,840,337		3.85			0.65		to	2.10			(20.46	)	to	(21.62	)
2021		805,231		11.5081	to		14.8351		14,792,442		0.26			0.65		to	2.30			(7.63	)	to	(9.15	)
2020		792,705		12.4585	to		16.3297		15,901,793		3.07			0.65		to	2.30			9.61		to	7.80
2019		858,553		11.3658	to		15.1481		15,637,358		0.39			0.65		to	2.30			19.40		to	17.43
MC4
2023		324,296		14.9380	to		12.2776		4,884,763		—			1.00		to	1.85			1.30		to	0.44
2022		364,186		14.7458	to		12.2235		5,548,730		1.48			1.00		to	1.85			(18.06	)	to	(18.76	)
2021		419,083		17.9955	to		15.0453		7,790,953		2.29			1.00		to	1.85			(8.35	)	to	(9.13	)
2020		468,779		19.6356	to		16.5576		9,549,492		1.34			1.00		to	1.85			9.50		to	8.56
2019		488,093		17.9328	to		15.2520		9,214,260		2.47			1.00		to	1.85			5.02		to	4.12
MC5
2023		41,539		13.3301	to		11.3772		491,541		—			1.15		to	1.85			0.85		to	0.14
2022		44,808		13.2184	to		11.3613		530,405		1.24			1.15		to	1.85			(18.33	)	to	(18.90	)
2021		53,285		16.1852	to		14.0095		774,351		2.13			1.15		to	1.85			(8.78	)	to	(9.42	)
2020		52,192		17.7438	to		15.4672		838,675		1.09			1.15		to	1.85			9.08		to	8.31
2019		54,156		16.2674	to		14.2806		803,500		2.12			1.15		to	1.85			4.58		to	3.84
MC6
2023		613,110		70.7222	to		29.6179		38,522,759		0.14			1.15		to	1.85			19.61		to	18.77
2022		701,694		59.1254	to		24.9382		36,937,950		0.19			1.15		to	1.85			(20.03	)	to	(20.60	)
2021		771,960		73.9333	to		31.4073		51,158,158		0.08			1.15		to	1.85			17.17		to	16.34
2020		889,721		63.0979	to		26.9964		49,379,018		0.48			1.15		to	1.85			19.38		to	18.53
2019		1,046,941		52.8547	to		22.7764		48,073,037		0.56			1.15		to	1.85			34.46		to	33.50

- 205 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
MC7
2023		528,698	$	44.4075	to	$	46.4574	$	8,452,379		—	%		1.15	%	to	2.10	%		19.31	%	to	18.18	%
2022		432,133		37.2193	to		39.3102		6,461,882		—			1.15		to	2.10			(20.24	)	to	(21.00	)
2021		326,798		46.6648	to		49.7595		7,107,507		0.00			1.15		to	2.10			16.85		to	15.74
2020		81,398		39.9341	to		42.9915		2,938,940		0.27			1.15		to	2.10			19.10		to	17.97
2019		62,083		33.5290	to		36.4438		2,098,442		0.26			1.15		to	2.10			34.10		to	32.83
MC8
2023		1,530,936		41.5951	to		20.0117		66,192,576		0.94			1.15		to	1.85			17.93		to	17.09
2022		1,752,984		35.2724	to		17.0910		63,911,599		0.58			1.15		to	1.85			(18.61	)	to	(19.19	)
2021		1,946,201		43.3357	to		21.1484		87,548,726		0.56			1.15		to	1.85			17.16		to	16.32
2020		2,212,426		36.9895	to		18.1807		84,092,150		1.29			1.15		to	1.85			15.16		to	14.34
2019		2,503,331		32.1194	to		15.9005		82,722,075		1.05			1.15		to	1.85			30.46		to	29.53
MC9
2023		106,847		29.2332	to		32.2788		3,284,667		0.66			1.15		to	2.10			17.61		to	16.49
2022		122,168		24.8568	to		27.7093		3,218,051		0.30			1.15		to	2.10			(18.82	)	to	(19.59	)
2021		137,169		30.6205	to		34.4621		4,482,978		0.35			1.15		to	2.10			16.84		to	15.73
2020		155,838		26.2070	to		29.7782		4,360,418		1.12			1.15		to	2.10			14.90		to	13.80
2019		196,208		23.0220	to		26.1665		4,864,373		0.75			1.10		to	2.10			30.17		to	28.87
MD0
2023		826,983		35.6756	to		21.5239		27,273,626		0.43			1.15		to	1.85			8.38		to	7.61
2022		932,759		32.9165	to		20.0012		28,310,604		2.16			1.15		to	1.85			(8.25	)	to	(8.90	)
2021		1,019,553		35.8776	to		21.9564		34,024,392		0.99			1.15		to	1.85			1.62		to	0.89
2020		1,163,904		35.3064	to		21.7618		38,395,317		1.77			1.15		to	1.85			5.02		to	4.27
2019		1,307,551		33.6202	to		20.8714		41,117,262		2.76			1.15		to	1.85			13.28		to	12.47
M92
2023		22,885,875		15.7760	to		13.3975		330,579,653		0.15			0.65		to	2.10			8.64		to	7.07
2022		26,396,039		14.5214	to		12.5129		354,513,553		1.88			0.65		to	2.10			(8.04	)	to	(9.37	)
2021		30,686,068		15.7916	to		13.8071		452,982,266		0.77			0.65		to	2.10			1.92		to	0.44
2020		34,014,709		15.4948	to		13.7468		497,327,759		1.53			0.65		to	2.10			5.30		to	3.77
2019		36,890,746		14.7155	to		13.2480		517,149,066		2.53			0.65		to	2.10			13.56		to	11.91
M96
2023		2,548,982		19.1199	to		14.0702		46,162,424		1.50			1.15		to	1.85			2.96		to	2.23
2022		2,801,829		18.5696	to		13.7630		49,232,640		2.03			1.15		to	1.85			(13.25	)	to	(13.87	)
2021		3,218,442		21.4068	to		15.9794		65,090,263		2.16			1.15		to	1.85			(3.01	)	to	(3.70	)
2020		3,523,218		22.0701	to		16.5926		73,321,730		2.87			1.15		to	1.85			5.16		to	4.41
2019		3,639,440		20.9862	to		15.8911		72,819,390		2.99			1.15		to	1.85			5.31		to	4.56
MD2
2023		8,471,324		10.3446	to		9.7375		99,366,090		1.23			0.65		to	2.35			3.18		to	1.44
2022		8,882,201		10.0254	to		9.5996		102,071,534		1.71			0.65		to	2.35			(13.02	)	to	(14.49	)
2021		10,271,732		11.5256	to		11.2262		137,119,763		1.98			0.65		to	2.35			(2.78	)	to	(4.43	)
2020		10,355,615		11.8547	to		11.4325		143,712,003		2.58			0.65		to	2.50			5.43		to	3.47
2019		11,100,477		11.2446	to		11.0487		147,558,037		2.69			0.65		to	2.50			5.66		to	3.71
MA6
2023		1,022,975		26.4055	to		21.6644		29,462,737		5.83			1.00		to	1.85			11.29		to	10.34
2022		1,162,540		23.7271	to		19.6337		30,575,876		5.42			1.00		to	1.85			(11.41	)	to	(12.16	)
2021		1,368,575		26.7820	to		22.3516		40,717,957		4.83			1.00		to	1.85			2.45		to	1.58
2020		1,534,921		26.1407	to		22.0039		44,688,959		5.51			1.00		to	1.85			4.03		to	3.14
2019		1,688,655		25.1272	to		21.3330		47,736,189		5.60			1.00		to	1.85			13.66		to	12.69
MA3
2023		951,567		14.3687	to		18.4347		22,105,376		5.54			0.65		to	2.35			11.75		to	9.86
2022		1,104,954		12.8575	to		16.7797		23,244,962		5.21			0.65		to	2.35			(11.36	)	to	(12.86	)
2021		1,302,505		14.5051	to		19.2562		31,224,647		4.74			0.65		to	2.35			2.41		to	0.68
2020		1,396,338		14.1633	to		18.6163		32,918,703		5.29			0.65		to	2.50			4.17		to	2.24
2019		1,558,342		13.5966	to		18.2086		35,601,324		5.36			0.65		to	2.50			13.69		to	11.59

- 206 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
M97
2023		803,151	$	32.1886	to	$	26.8979	$	26,652,149		1.08	%		1.00	%	to	1.85	%		13.58	%	to	12.61	%
2022		862,674		28.3410	to		23.8856		25,378,708		0.59			1.00		to	1.85			(15.80	)	to	(16.52	)
2021		988,295		33.6602	to		28.6121		34,546,173		0.50			1.00		to	1.85			8.18		to	7.25
2020		1,090,158		31.1162	to		26.6768		35,444,368		1.43			1.00		to	1.85			14.68		to	13.70
2019		1,237,228		27.1338	to		23.4630		35,189,191		1.19			1.00		to	1.85			26.03		to	24.95
MD5
2023		473,692		21.1442	to		17.3561		10,877,995		0.87			0.65		to	2.10			13.65		to	12.01
2022		542,622		18.6041	to		15.4950		10,968,471		0.38			0.65		to	2.10			(15.73	)	to	(16.95	)
2021		620,289		22.0773	to		18.6580		15,046,507		0.38			0.65		to	2.10			8.28		to	6.72
2020		719,733		20.3882	to		17.4838		16,013,520		1.26			0.65		to	2.10			14.75		to	13.08
2019		808,213		17.7677	to		15.4613		15,834,413		0.97			0.65		to	2.10			26.29		to	24.46
M98
2023		558,725		64.5177	to		37.2400		28,300,915		0.71			1.15		to	1.85			16.32		to	15.49
2022		635,660		55.4656	to		32.2439		27,693,190		0.76			1.15		to	1.85			(24.43	)	to	(24.96	)
2021		710,097		73.3937	to		42.9718		41,017,390		0.33			1.15		to	1.85			9.30		to	8.52
2020		795,345		67.1512	to		39.5986		42,167,610		0.99			1.15		to	1.85			19.15		to	18.30
2019		934,776		56.3598	to		33.4739		41,533,157		1.83			1.15		to	1.85			24.51		to	23.62
M93
2023		2,516,792		26.5048	to		19.9361		55,307,646		0.46			0.65		to	2.10			16.61		to	14.92
2022		2,983,030		22.7298	to		16.9342		57,027,807		0.51			0.65		to	2.25			(24.25	)	to	(25.46	)
2021		3,034,082		30.0052	to		22.7172		77,636,236		0.14			0.65		to	2.25			9.56		to	7.81
2020		3,403,967		27.3870	to		21.0714		80,121,412		0.77			0.65		to	2.25			19.42		to	17.51
2019		4,106,841		22.9326	to		17.9314		81,110,609		1.43			0.65		to	2.25			24.84		to	22.84
MD6
2023		6,625,157		32.1500	to		28.4381		287,612,355		0.30			1.00		to	1.85			22.77		to	21.73
2022		7,592,166		26.1867	to		23.3617		267,972,468		0.10			1.00		to	1.85			(20.06	)	to	(20.74	)
2021		8,513,738		32.7594	to		29.4761		376,376,169		0.24			1.00		to	1.85			24.72		to	23.65
2020		9,721,767		26.2674	to		23.8377		345,687,434		0.45			1.00		to	1.85			21.30		to	20.26
2019		11,233,612		21.6551	to		19.8213		330,355,652		0.58			1.00		to	1.85			38.56		to	37.38
MB3
2023		611,889		45.9975	to		46.2573		28,183,013		0.05			1.00		to	2.30			22.47		to	20.89
2022		718,799		37.5571	to		38.2650		27,187,541		0.00			1.00		to	2.30			(20.25	)	to	(21.29	)
2021		812,853		47.0938	to		49.0183		39,021,196		0.03			1.00		to	2.30			24.40		to	22.79
2020		923,299		37.8558	to		39.9217		35,764,443		0.22			1.00		to	2.30			20.98		to	19.40
2019		1,119,963		31.2923	to		33.1589		36,267,396		0.34			1.00		to	2.30			38.19		to	36.39
MD8
2023		3,138,036		12.0748	to		8.9912		35,036,554		4.51			1.15		to	1.85			3.41		to	2.67
2022		3,236,722		11.6772	to		8.7573		35,123,376		1.15			1.15		to	1.85			0.02		to	(0.69	)
2021		3,357,118		11.6743	to		8.8178		36,673,308		—			1.15		to	1.85			(1.14	)	to	(1.84	)
2020		3,207,388		11.8087	to		8.9832		35,684,810		0.22			1.15		to	1.85			(0.92	)	to	(1.63	)
2019		3,364,994		11.9190	to		9.1323		37,977,970		1.63			1.15		to	1.85			0.48		to	(0.24	)
MD9
2023		11,052,713		10.1815	to		7.6926		98,640,501		4.50			0.65		to	2.35			3.92		to	2.16
2022		10,721,778		9.7979	to		7.5301		92,910,455		1.15			0.65		to	2.35			0.52		to	(1.18	)
2021		11,382,495		9.7474	to		7.6203		98,542,144		—			0.65		to	2.35			(0.65	)	to	(2.34	)
2020		12,145,036		9.8111	to		7.5942		106,966,888		0.22			0.65		to	2.50			(0.43	)	to	(2.28	)
2019		12,065,194		9.8538	to		7.7712		107,716,092		1.63			0.65		to	2.50			0.98		to	(0.89	)
ME2
2023		619,159		36.2195	to		18.3870		14,882,370		1.06			1.15		to	1.85			11.73		to	10.94
2022		697,045		32.4165	to		16.5741		14,958,282		1.84			1.15		to	1.85			(18.52	)	to	(19.10	)
2021		752,499		39.7827	to		20.4860		19,973,577		0.82			1.15		to	1.85			10.30		to	9.52
2020		845,774		36.0675	to		18.7059		20,437,101		2.08			1.15		to	1.85			11.66		to	10.86
2019		932,101		32.3022	to		16.8736		20,256,254		1.46			1.15		to	1.85			26.59		to	25.69
ME3
2023		988,881		17.2663	to		25.8765		27,100,129		0.79			0.65		to	2.10			12.10		to	10.48
2022		1,114,982		15.4029	to		22.7038		27,586,246		1.62			0.65		to	2.25			(18.33	)	to	(19.64	)
2021		1,189,934		18.8608	to		28.2516		36,414,019		0.67			0.65		to	2.25			10.54		to	8.78
2020		1,298,599		17.0617	to		24.6473		36,422,484		1.84			0.65		to	2.30			11.98		to	10.13
2019		1,520,079		15.2365	to		22.3803		38,549,046		1.19			0.65		to	2.30			26.84		to	24.75

- 207 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,								For the years ended December 31,
	Units		Unit Value⁴				Net Assets		Investment Income Ratio¹		Expense Ratio lowest to highest²				Total Return³
MA5
2023		845,645		22.7288	to	18.9234		17,890,355		3.62		1.15	to	1.85		6.37		to	5.62
2022		923,220		21.3675	to	17.9172		18,417,414		3.43		1.15	to	1.85		(14.69	)	to	(15.29	)
2021		990,712		24.1423	to	21.1523		23,061,684		3.03		1.15	to	1.85		(0.69	)	to	(1.38	)
2020		1,185,994		25.2170	to	21.4491		27,848,458		3.61		1.15	to	1.85		8.10		to	7.33
2019		1,166,830		23.3272	to	19.9843		25,413,532		3.51		1.15	to	1.85		10.33		to	9.55
MA7
2023		123,372		20.3829	to	16.2130		2,268,283		3.44		1.15	to	2.10		6.13		to	5.13
2022		136,029		19.2048	to	15.4223		2,370,712		2.91		1.15	to	2.10		(14.84	)	to	(15.64	)
2021		173,444		22.5501	to	18.2825		3,559,201		2.88		1.15	to	2.10		(1.05	)	to	(1.99	)
2020		176,159		22.7896	to	18.6542		3,668,590		3.37		1.15	to	2.10		7.86		to	6.83
2019		208,505		21.1297	to	17.4621		4,050,311		3.24		1.15	to	2.10		10.01		to	8.97
ME4
2023		634,362		31.6339	to	25.0500		17,833,104		—		1.15	to	1.85		52.47		to	51.40
2022		675,242		20.7478	to	16.5451		12,500,200		—		1.15	to	1.85		(36.44	)	to	(36.88	)
2021		754,745		32.6409	to	26.2130		22,058,504		—		1.15	to	1.85		12.38		to	11.59
2020		880,180		29.0458	to	23.4907		22,945,612		—		1.15	to	1.85		45.15		to	44.13
2019		998,683		20.0112	to	16.2986		17,984,787		—		1.15	to	1.85		34.59		to	33.65
MA2
2023		902,749		62.1082	to	56.5633		13,374,917		—		1.15	to	2.05		52.06		to	50.69
2022		898,229		40.8450	to	37.5351		9,348,832		—		1.15	to	2.05		(36.59	)	to	(37.16	)
2021		610,914		64.4137	to	59.7321		11,344,654		—		1.15	to	2.05		12.13		to	11.11
2020		109,909		57.4480	to	53.7571		3,033,373		—		1.15	to	2.05		44.72		to	43.42
2019		49,526		39.6947	to	37.4828		1,658,655		—		1.15	to	2.05		34.32		to	33.11
MF3
2023		1,766,555		35.0615	to	24.6357		41,895,755		0.54		0.65	to	2.15		17.90		to	16.14
2022		1,888,446		29.7383	to	20.8763		40,046,875		0.50		0.65	to	2.25		(19.09	)	to	(20.38	)
2021		1,930,410		36.7555	to	26.0230		53,130,086		0.68		0.65	to	2.30		28.33		to	26.22
2020		2,223,974		28.6404	to	20.6169		49,915,126		0.63		0.65	to	2.30		1.48		to	(0.20	)
2019		2,340,999		28.2240	to	20.6585		52,379,843		0.47		0.65	to	2.30		25.54		to	23.47
MF5
2023		14,409,576		17.1096	to	17.1336		263,486,237		2.65		0.65	to	2.10		9.32		to	7.74
2022		16,605,806		15.6511	to	15.9020		280,993,453		2.01		0.65	to	2.10		(16.08	)	to	(17.29	)
2021		18,283,238		18.6494	to	19.2268		373,266,922		1.99		0.65	to	2.10		6.01		to	4.47
2020		20,582,839		17.5922	to	18.4038		401,376,214		2.34		0.65	to	2.10		11.33		to	9.71
2019		22,941,913		15.8017	to	16.7750		405,951,754		2.34		0.65	to	2.10		15.72		to	14.04
MF6
2023		33,782		35.8821	to	32.1481		1,123,601		0.86		1.35	to	2.10		9.96		to	9.13
2022		36,203		32.6320	to	28.2706		1,096,975		1.57		1.35	to	2.30		(27.92	)	to	(28.61	)
2021		38,728		45.2722	to	39.5985		1,634,908		1.44		1.35	to	2.30		28.37		to	27.15
2020		48,032		35.2659	to	31.1426		1,580,465		4.72		1.35	to	2.30		0.11		to	(0.84	)
2019		52,821		35.2256	to	31.4072		1,744,187		3.63		1.35	to	2.30		25.17		to	23.97
MF7
2023		1,750,353		21.2426	to	19.5625		36,900,502		0.46		0.65	to	2.35		10.48		to	8.61
2022		1,868,567		19.2270	to	18.0110		36,555,087		1.13		0.65	to	2.35		(27.61	)	to	(28.84	)
2021		1,789,011		26.5597	to	25.3095		49,854,935		1.04		0.65	to	2.35		29.03		to	26.84
2020		2,144,042		20.5844	to	19.9538		47,747,308		3.86		0.65	to	2.35		0.49		to	(1.22	)
2019		2,253,830		20.4845	to	20.2009		50,523,551		2.83		0.65	to	2.35		25.85		to	23.72
MF9
2023		8,393,104		25.8401	to	27.6297		243,778,449		2.28		0.65	to	2.30		14.28		to	12.41
2022		9,280,676		22.6108	to	24.5803		240,252,292		1.37		0.65	to	2.30		(19.03	)	to	(20.36	)
2021		9,936,732		27.9242	to	30.8644		325,550,305		1.44		0.65	to	2.30		14.79		to	12.90
2020		11,100,750		24.3257	to	27.3370		328,149,552		1.81		0.65	to	2.30		14.71		to	12.81
2019		12,493,257		21.2067	to	24.2321		325,781,690		1.98		0.65	to	2.30		25.84		to	23.77

- 208 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
MG1
2023		7,203,737	$	10.3544	to	$	9.8901	$	76,838,892		2.80	%		0.65	%	to	2.10	%		1.79	%	to	0.32	%
2022		7,885,165		10.1721	to		9.6478		83,417,203		4.02			0.65		to	2.25			(22.17	)	to	(23.41	)
2021		8,152,240		13.0694	to		12.5122		111,770,527		0.82			0.65		to	2.30			0.66		to	(1.00	)
2020		8,522,169		12.9838	to		12.6385		117,256,139		0.20			0.65		to	2.30			12.47		to	10.62
2019		9,471,698		11.5440	to		11.4256		116,989,865		1.39			0.65		to	2.30			7.35		to	5.58
MF2
2023		12,577,002		10.9422	to		9.2469		128,755,563		1.59			1.30		to	2.35			4.71		to	3.61
2022		13,847,268		10.4502	to		8.9247		135,946,565		1.89			1.30		to	2.35			(5.38	)	to	(6.37	)
2021		16,971,070		11.0439	to		9.5319		176,852,160		2.27			1.30		to	2.35			(1.14	)	to	(2.18	)
2020		17,098,090		11.1715	to		9.5550		180,924,192		3.07			1.30		to	2.50			2.98		to	1.74
2019		18,692,242		10.8479	to		9.3915		192,914,646		2.64			1.30		to	2.50			3.82		to	2.57
MG2
2023		7,498,815		10.8440	to		9.2487		74,710,401		1.30			0.65		to	2.10			5.08		to	3.57
2022		8,519,988		10.3193	to		8.9303		81,565,582		1.61			0.65		to	2.10			(4.86	)	to	(6.24	)
2021		9,896,928		10.8464	to		9.5241		100,588,147		2.01			0.65		to	2.10			(0.84	)	to	(2.27	)
2020		10,230,519		10.9379	to		9.7457		105,961,857		2.87			0.65		to	2.10			3.47		to	1.97
2019		10,825,862		10.5709	to		9.5576		109,445,390		2.39			0.65		to	2.10			4.21		to	2.70
MG3
2023		571,568		33.6074	to		29.3239		17,860,289		1.76			1.30		to	2.15			11.27		to	10.32
2022		638,484		30.2038	to		26.1865		18,017,985		0.97			1.30		to	2.25			(9.97	)	to	(10.82	)
2021		758,430		33.5473	to		29.3644		23,879,329		0.79			1.30		to	2.25			29.29		to	28.06
2020		938,041		25.9474	to		22.9302		22,965,486		1.23			1.30		to	2.25			2.52		to	1.54
2019		1,024,055		25.3101	to		22.4470		24,538,343		1.27			1.30		to	2.30			29.42		to	28.12
MG4
2023		623,872		36.5978	to		28.3863		16,316,464		1.48			0.65		to	2.10			11.66		to	10.04
2022		698,813		32.7766	to		25.7952		17,035,863		0.80			0.65		to	2.10			(9.59	)	to	(10.90	)
2021		728,565		36.2553	to		28.9520		21,209,255		0.69			0.65		to	2.10			29.76		to	27.88
2020		863,349		27.9411	to		22.6405		20,796,934		1.01			0.65		to	2.10			3.00		to	1.50
2019		902,847		27.1282	to		22.3061		21,333,453		0.97			0.65		to	2.10			29.86		to	27.98
MG6
2023		37,477,004		21.4717	to		22.8201		906,787,340		2.43			0.65		to	2.10			11.92		to	10.30
2022		42,060,194		19.1857	to		20.6895		921,771,209		1.73			0.65		to	2.10			(17.45	)	to	(18.65	)
2021		46,425,382		23.2422	to		25.4322		1,251,694,528		1.74			0.65		to	2.10			10.53		to	8.93
2020		53,265,460		21.0271	to		23.3467		1,317,510,683		2.09			0.65		to	2.10			13.34		to	11.69
2019		59,093,135		18.5528	to		20.9032		1,302,584,592		2.21			0.65		to	2.10			21.11		to	19.35
MG7
2023		471,520		35.3477	to		36.5053		9,464,462		0.91			0.65		to	2.10			10.50		to	8.91
2022		448,586		31.9881	to		33.5202		8,752,627		0.42			0.65		to	2.10			(11.81	)	to	(13.08	)
2021		359,058		36.2709	to		38.5663		9,845,653		0.67			0.65		to	2.10			33.00		to	31.08
2020		238,186		27.2704	to		29.4223		7,202,052		0.78			0.65		to	2.10			3.05		to	1.56
2019		251,133		26.4623	to		28.9714		7,626,096		0.53			0.65		to	2.10			32.56		to	30.64
V46⁹
2022		19,282		8.4689					163,290		2.69			1.20						(15.60)
2021		8,447		10.0347					84,761		—			1.20						0.31
V45¹⁰
2022		183,964		9.1765	to		12.6796		2,032,820		0.61			1.20						(18.55)
2021		132,080		11.2667	to		15.5677		1,961,048		0.81			1.20						12.64
2020		5,499		12.9495					71,215		0.96			1.20						11.85
U43
2023		146,362		9.8949	to		12.0719		1,502,910		0.26			1.20						3.03
2022		123,913		9.6043	to		11.7174		1,236,494		2.88			1.20						(9.41)
2021		40,230		10.6023	to		12.9349		482,399		2.61			1.20						4.42
2020		223		11.4834					2,563		—			1.20						(2.62)
U41
2023		258,575		9.3523	to		11.6927		2,490,888		1.58			1.20						12.58
2022		205,093		8.3069	to		10.3857		1,767,484		—			1.20						(18.06)
2021		78,952		10.1375	to		12.6744		887,878		1.45			1.20						1.07
2020		6,583		11.8534					78,025		—			1.20						9.52
V44
2023		2,237,645		43.1637	to		36.0562		24,585,970		—			0.65		to	2.10			47.36		to	45.23
2022		2,071,210		29.2918	to		24.8266		17,415,111		—			0.65		to	2.10			(60.42	)	to	(61.00	)
2021		962,417		74.0105	to		63.6535		27,952,666		—			0.65		to	2.10			(0.80	)	to	(2.24	)
2020		316,106		74.6058	to		63.8935		17,695,239		—			0.65		to	2.30			115.35		to	111.80
2019		353,950		34.6435	to		30.6790		11,234,842		—			0.65		to	2.10			30.61		to	28.72

- 209 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
V43
2023		144,005	$	33.0434	to	$	29.3001	$	4,527,314		—	%		1.35	%	to	2.10	%		42.20	%	to	41.13	%
2022		197,026		23.2378	to		20.7610		4,367,895		—			1.35		to	2.10			(63.47	)	to	(63.74	)
2021		124,972		63.6083	to		57.2608		7,596,199		—			1.35		to	2.10			(12.39	)	to	(13.05	)
2020		123,333		67.7439	to		65.8571		8,607,368		—			0.65		to	2.10			150.41		to	146.78
2019		278,593		27.0537	to		26.6870		7,856,010		—			0.65		to	2.10			39.06		to	37.04
O19
2023		252,325		40.2721	to		43.4105		12,107,824		—			1.30		to	2.25			33.28		to	32.02
2022		301,913		30.2154	to		29.4143		10,929,734		—			1.30		to	2.30			(31.86	)	to	(32.54	)
2021		315,397		44.3413	to		43.6026		16,770,766		—			1.30		to	2.30			20.70		to	19.49
2020		346,272		36.7382	to		36.4919		15,307,924		—			1.30		to	2.30			34.47		to	33.12
2019		420,729		27.3210	to		27.4130		13,908,076		—			1.30		to	2.30			34.08		to	32.74
O23
2023		1,003,083		9.4789	to		11.6008		11,181,876		1.68			1.20		to	2.10			10.97		to	9.97
2022		880,257		8.5421	to		10.5493		9,204,534		0.96			1.20		to	2.10			(18.01	)	to	(18.75	)
2021		1,020,006		10.4185	to		12.9839		13,814,920		1.30			1.20		to	2.10			3.51		to	7.99
2020		975,012		13.3581	to		12.0227		12,497,860		1.88			1.35		to	2.10			13.04		to	12.19
2019		967,190		11.8170	to		10.7166		11,010,608		2.02			1.35		to	2.10			15.64		to	14.77
O20
2023		257,480		30.2956	to		34.4563		9,689,522		—			0.65		to	2.10			33.58		to	31.65
2022		324,761		22.6804	to		25.4230		9,242,357		—			0.65		to	2.25			(32.38	)	to	(33.46	)
2021		329,635		33.5401	to		38.2062		14,019,771		0.00			0.65		to	2.25			14.42		to	12.60
2020		402,248		29.3124	to		33.9323		15,120,338		0.42			0.65		to	2.25			26.51		to	24.48
2019		518,280		23.1704	to		27.2588		15,548,955		0.62			0.65		to	2.25			30.60		to	28.51
O21
2023		2,426,931		10.7317	to		35.2617		103,061,193		0.47			1.20		to	2.35			21.36		to	19.97
2022		2,977,043		8.8426	to		29.3920		104,815,069		1.09			1.20		to	2.35			(21.26	)	to	(22.17	)
2021		3,132,141		11.2304	to		37.7636		141,108,534		0.48			1.20		to	2.35			10.65		to	24.26
2020		4,000,444		32.2906	to		29.5789		144,017,824		1.13			1.30		to	2.50			12.22		to	10.86
2019		4,719,995		28.7756	to		26.6808		152,120,634		0.82			1.30		to	2.50			30.03		to	28.47
O04
2023		66,782		62.8580	to		51.7735		3,831,109		0.93			1.35		to	2.10			16.24		to	15.37
2022		73,501		54.0772	to		44.8780		3,647,529		0.25			1.35		to	2.10			(17.17	)	to	(17.79	)
2021		87,399		65.2883	to		54.6709		5,247,251		0.18			1.35		to	2.25			20.62		to	19.53
2020		95,060		54.1286	to		45.7385		4,751,864		0.36			1.35		to	2.25			18.02		to	16.95
2019		112,700		45.8637	to		39.1083		4,793,286		0.00			1.35		to	2.25			24.44		to	23.31
PH2
2023		10,360		20.9661	to		19.5815		210,247		2.71			1.35		to	1.90			21.19		to	20.53
2022		12,294		17.2999	to		16.2468		206,479		1.02			1.35		to	1.90			(19.88	)	to	(20.32	)
2021		17,517		21.5920	to		20.3902		367,935		0.07			1.35		to	1.90			17.73		to	17.08
2020		22,083		18.3408	to		17.4161		396,045		1.10			1.35		to	1.90			11.51		to	10.89
2019		23,358		16.4478	to		15.9711		376,666		1.47			1.35		to	1.70			25.81		to	25.36
P08
2023		787,454		18.3316	to		15.9656		13,593,340		2.97			1.35		to	2.10			6.69		to	5.89
2022		836,959		17.1822	to		15.0777		13,593,699		7.73			1.35		to	2.10			(13.03	)	to	(13.68	)
2021		915,599		19.7564	to		17.4679		17,128,845		11.10			1.35		to	2.10			14.67		to	13.81
2020		1,018,738		17.2291	to		15.3489		16,682,026		5.01			1.35		to	2.10			6.55		to	5.75
2019		1,102,174		16.1693	to		14.2034		16,987,769		2.93			1.35		to	2.25			10.39		to	9.39

- 210 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
PC0
2023		743,945	$	15.6550	to	$	13.0770	$	10,389,109		2.84	%		0.65	%	to	2.10	%		7.32	%	to	5.77	%
2022		828,956		14.5875	to		12.3640		10,880,450		7.52			0.65		to	2.10			(12.44	)	to	(13.71	)
2021		938,639		16.6600	to		14.3281		14,197,943		10.95			0.65		to	2.10			15.29		to	13.62
2020		1,034,110		14.4508	to		12.6108		13,695,289		4.82			0.65		to	2.10			7.21		to	5.65
2019		1,187,243		13.4796	to		11.9366		14,802,101		2.77			0.65		to	2.10			11.02		to	9.41
P70
2023		262,378		6.9103	to		5.8083		2,931,834		15.60			0.65		to	2.05			(8.53	)	to	(9.81	)
2022		256,095		7.5546	to		6.4398		3,141,519		19.41			0.65		to	2.05			7.96		to	6.45
2021		158,073		6.9976	to		6.0494		1,725,004		4.99			0.65		to	2.05			32.25		to	30.40
2020		51,525		5.2914	to		4.6392		257,269		6.31			0.65		to	2.05			0.57		to	(0.84	)
2019		52,264		5.2614	to		4.6785		255,626		4.19			0.65		to	2.05			10.63		to	9.08
P10
2023		2,297,572		7.7236	to		6.0847		15,920,985		15.98			0.65		to	2.35			(8.45	)	to	(10.00	)
2022		2,253,941		8.4366	to		6.7609		17,225,356		22.78			0.65		to	2.35			7.91		to	6.08
2021		3,074,661		7.8181	to		6.3731		21,953,980		4.17			0.65		to	2.35			32.48		to	30.23
2020		4,052,034		5.9015	to		4.8938		22,070,683		6.44			0.65		to	2.35			0.69		to	(1.02	)
2019		4,210,677		5.8610	to		4.9443		23,012,902		4.48			0.65		to	2.35			10.71		to	8.83
PK8
2023		167,233		13.6296	to		25.7774		4,854,260		5.72			0.65		to	2.15			10.42		to	8.77
2022		189,974		12.3430	to		23.6990		5,057,872		4.81			0.65		to	2.15			(16.28	)	to	(17.53	)
2021		206,159		14.7431	to		28.9308		6,635,426		4.48			0.65		to	2.30			(3.21	)	to	(4.80	)
2020		230,453		15.2317	to		30.3907		7,446,911		4.59			0.65		to	2.30			6.01		to	4.26
2019		254,755		14.3682	to		29.1500		7,902,801		4.42			0.65		to	2.30			14.05		to	12.17
P20
2023		8,311		12.2194	to		11.2012		98,806		5.62			1.35		to	2.05			9.54		to	8.77
2022		9,279		11.1550	to		10.2977		100,993		4.69			1.35		to	2.05			(16.95	)	to	(17.54	)
2021		10,708		13.4322	to		12.4875		140,557		4.39			1.35		to	2.05			(3.98	)	to	(4.66	)
2020		11,525		13.9894	to		13.0974		158,253		4.49			1.35		to	2.05			5.16		to	4.42
2019		16,181		13.3032	to		12.4903		211,235		4.37			1.35		to	2.10			13.14		to	12.29
PM5
2023		65,946		9.3896	to		10.1831		632,828		2.49			1.20						7.61
2022		61,958		8.7253	to		9.4626		553,336		1.43			1.20						(11.31	)	to	(11.32	)
2021		37,003		9.8380	to		10.6706		380,471		1.27			1.20						(1.43)
2020		3,644		11.0266					40,181		0.89			1.20						4.19
PD6
2023		16,888,794		15.2009	to		14.3232		260,313,586		2.10			0.65		to	2.10			12.12		to	10.50
2022		19,601,933		13.5579	to		12.9624		271,964,020		1.87			0.65		to	2.10			(18.93	)	to	(20.10	)
2021		21,546,040		16.7229	to		16.2233		372,217,687		2.35			0.65		to	2.10			11.87		to	10.25
2020		24,779,720		14.9483	to		14.7149		386,372,660		7.93			0.65		to	2.10			15.95		to	14.27
2019		28,128,118		12.8916	to		12.6752		381,865,764		2.05			0.65		to	2.25			16.20		to	14.35
P06
2023		1,316,280		14.9757	to		14.6493		21,362,415		3.00			1.30		to	2.15			2.33		to	1.46
2022		1,419,494		14.6347	to		14.4388		22,606,292		7.00			1.30		to	2.15			(13.05	)	to	(13.79	)
2021		1,646,744		16.8312	to		16.3661		30,313,919		4.95			1.30		to	2.30			4.24		to	3.19
2020		1,749,011		16.1467	to		15.8597		30,989,220		1.39			1.30		to	2.30			10.27		to	9.16
2019		2,006,490		14.6435	to		14.5293		32,390,144		1.66			1.30		to	2.30			7.04		to	5.97
P07
2023		5,729,822		15.6421	to		12.8296		90,236,711		3.58			1.30		to	2.35			4.57		to	3.47
2022		6,203,056		14.9587	to		12.3992		93,749,466		2.60			1.30		to	2.35			(15.42	)	to	(16.31	)
2021		6,941,460		17.6854	to		14.8149		124,464,099		1.82			1.30		to	2.35			(2.55	)	to	(3.57	)
2020		6,995,070		18.1477	to		15.3639		129,212,572		2.13			1.30		to	2.35			7.25		to	6.12
2019		7,707,882		16.9212	to		14.4783		133,331,271		3.01			1.30		to	2.35			6.97		to	5.84
P68
2023		572,065		8.8547	to		9.9646		5,543,828		3.46			1.20						4.57
2022		520,044		8.4677	to		9.5291		4,839,107		2.52			1.20						(15.40	)	to	(15.42	)
2021		480,584		10.0092	to		11.2659		5,368,911		1.74			1.20						0.07
2020		79,749		11.5602					921,917		1.80			1.20						7.25
2019		1,895		10.7788					20,424		2.82			1.20						6.97

- 211 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,									For the years ended December 31,
	Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
PI3¹¹
2022		1,081,569	$	10.3529	to	$	8.7749	$	10,054,932		1.46	%		0.65	%	to	2.10	%		(0.29	%)	to	(1.73	%)
2021		1,232,025		10.3833	to		8.9294		11,591,889		—			0.65		to	2.10			0.10		to	(1.35	)
2020		1,356,775		10.3730	to		9.0518		12,867,174		—			0.65		to	2.10			(7.98	)	to	(9.32	)
2019		1,404,143		11.2727	to		9.9824		14,604,913		—			0.65		to	2.10			5.23		to	3.70
P72
2023		767,434		41.6904	to		34.8263		19,639,513		1.98			0.65		to	2.10			14.92		to	13.26
2022		727,079		36.2787	to		30.7499		17,485,344		1.40			0.65		to	2.10			(3.76	)	to	(5.15	)
2021		615,378		37.6956	to		32.4199		17,298,993		1.14			0.65		to	2.10			26.48		to	24.65
2020		536,802		29.8044	to		25.6448		14,403,371		1.79			0.65		to	2.25			5.11		to	3.43
2019		532,161		28.3544	to		24.7945		13,842,390		2.04			0.65		to	2.25			29.56		to	27.49
P88
2023		811,323		10.5262	to		14.1340		8,934,558		1.07			1.20						18.47
2022		534,278		8.8850	to		11.9303		5,071,557		0.82			1.20						(17.00)
2021		305,037		10.7046	to		14.3736		3,712,125		0.25			1.20						6.79
2020		9,019		12.7661					115,140		—			1.20						14.02
P93
2023		243,622		10.2454	to		9.5971		2,523,436		5.59			1.20						3.45
2022		164,395		8.8259	to		10.7094		1,478,832		0.96			1.20						(17.03)
2021		59,608		10.6377	to		12.9077		670,641		0.10			1.20						6.20
2020		1,580		11.4648					18,109		—			1.20						10.96
P89
2023		174,133		11.6425	to		15.8479		2,307,338		0.27			1.20						7.83
2022		138,476		10.7970	to		14.6687		1,746,813		0.39			1.20						(5.81)
2021		111,686		11.4632	to		15.5737		1,621,461		0.35			1.20						12.94
2020		4,642		13.2012					61,286		—			1.20						14.88
P95
2023		101,777		8.5604	to		9.5971		959,082		5.60			1.20						3.45
2022		94,202		8.2753	to		9.2775		860,787		4.00			1.20						(14.84)
2021		57,894		9.7174	to		10.8942		624,365		0.24			1.20						(3.15)
2020		3,119		11.5561					36,049		1.50			1.20						4.46
2019		664		11.0626					7,351		—			1.20						10.55
P79
2023		262,569		11.5663	to		17.1525		4,116,156		0.79			1.20						27.32
2022		257,212		9.0843	to		13.4717		3,252,094		0.56			1.20						(18.27)
2021		256,343		11.1152	to		16.4833		4,132,899		0.03			1.20						10.74
2020		8,993		13.4393					120,857		0.26			1.20						18.48
2019		1,490		11.3433					16,907		—			1.20						31.64
P80
2023		126,822		8.2261					1,043,174		—			1.20						26.99
2022		71,913		6.4778					465,819		—			1.20						(34.82)
2021		19,273		9.9379					191,531		—			1.20						(0.71)
P81
2023		87,859		10.4634					919,260		0.43			1.20						24.60
2022		44,989		8.3975					377,781		0.35			1.20						(23.83)
2021		4,875		11.0249					53,742		—			1.20						9.88
TBD
2023		773,336		9.6899					7,493,179		—			1.20						47.18
2022		603,296		6.5836					3,971,751		—			1.20						(39.40)
2021		171,516		10.8635					1,863,259		—			1.20						8.64
TBE
2023		269,864		10.9494					2,954,684		1.96			1.20						8.01
2022		191,475		10.1376					1,941,028		1.84			1.20						(4.74)
2021		85,280		10.6417					907,528		1.42			1.20						4.40
TBF
2023		528,352		9.5698					5,055,843		—			1.20						1.46
2022		333,878		9.4322					3,149,092		—			1.20						(13.73)
2021		85,722		10.9334					937,239		—			1.20						7.00
TP1
2023		271,764		10.1331					2,753,666		1.01			1.20						15.70
2022		138,023		8.7580					1,208,757		1.05			1.20						(17.14)
2021		71,024		10.5695					750,691		0.75			1.20						4.95

- 212 -

DELAWARE LIFE VARIABLE ACCOUNT F - REGATTA

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


	At December 31,								For the years ended December 31,
	Units		Unit Value⁴				Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²				Total Return³
TP2
2023		194,035		$9.9054			$	1,921,881		1.67	%		1.20%				9.84%
2022		113,437		9.0179				1,022,932		2.04			1.20				(12.47)
2021		3,065		10.3023				31,580		1.19			1.20				2.52
TP3
2023		299,702		9.8800				2,960,865		1.95			1.20				7.66
2022		225,202		9.1766				2,066,529		2.26			1.20				(10.20)
2021		18,471		10.2191				188,757		0.31			1.20				1.79
TP4
2023		144,892		10.1015				1,463,542		1.35			1.20				14.43
2022		74,637		8.8275				658,837		1.88			1.20				(15.97)
2021		1,590		10.5052				16,703		0.81			1.20				4.42
TP5
2023		1,049,195		9.9961				10,487,258		1.56			1.20				11.86
2022		814,450		8.9364				7,278,040		1.71			1.20				(14.11)
2021		32,024		10.4045				333,188		0.99			1.20				3.50
W41¹²
2022		7,761		24.7794	to	21.8395		181,480		—			1.35	to	2.05		(35.71	)	to	(36.16	)
2021		6,692		38.5426	to	34.2101		244,231		—			1.35	to	2.05		4.41		to	3.67
2020		6,809		36.9161	to	32.9983		238,777		0.79			1.35	to	2.05		24.94		to	24.06
2019		9,137		29.5462	to	26.5978		257,366		0.07			1.35	to	2.05		27.56		to	26.66
W42
2023		6,869		32.4571	to	28.4064		209,908		—			1.35	to	2.05		20.10		to	19.26
2022		1,416		25.6017	to	23.8187		35,843		—			1.65	to	2.05		(34.56	)	to	(34.82	)
2021		1,213		39.1209	to	36.5427		46,909		0.76			1.65	to	2.05		7.11		to	6.68
2020		1,151		36.5248	to	34.2551		41,589		—			1.65	to	2.05		22.18		to	21.69
2019		1,276		29.8943	to	28.1496		37,721		0.26			1.65	to	2.05		28.95		to	28.43
W50
2023		120,713		8.6220	to	9.8989		1,140,226		3.70			1.20				5.16		to	516.00
2022		109,560		8.1986	to	9.4128		983,827		1.71			1.20				(18.27	)	to	(18.27	)
2021		111,062		10.0313	to	11.5168		1,247,206		3.44			1.20				0.08
2020		32,781		11.9179				390,678		4.20			1.20				7.74

Represents the dividends, excluding distributions of capital gains, received by the Sub-Account from the underlying mutual fund, net of management fees assessed by the fund manager, divided by the average net assets. The ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the underlying fund in which the Sub-Accounts invest.

Ratio represents the annualized contract expenses of the Sub-Account, consisting primarily of mortality and expense charges and distribution charges. The ratio includes only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying fund are excluded.

Ratio represents the total return for the year indicated, including changes in the value of the underlying fund. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in reduction in the total return presented. The total return is calculated for each period indicated or from the effective date through the end of the reporting period using the unit value of the beginning period that corresponds to the lowest or highest ending period unit value disclosed. The total returns are presented as a range of maximum to minimum values based on the product grouping representing the corresponding lowest to highest expense ratio amounts.

⁴

The unit values are not a direct calculation of net assets over the number of units allocated to the Sub-Account. The unit values are presented as a range of maximum to minimum values based on the product grouping representing the corresponding lowest to highest expense ratio amounts. Some unit values may be outside of the range due to timing of the related Sub-Account level’s commencement date. Unit values of product pricing levels with zero units during the period are excluded when determining the range.

⁵	Rational Trend Aggregation VA Fund Sub-Account (H24) merged into Sub-Account MD9 on July 30, 2021.

⁶	Rational Insider Buying VA Fund Sub-Account (H32) merged into Sub-Account MD9 on November 30, 2021.

⁷	JPMorgan Insurance Trust Global Allocation Portfolio Sub-Account (JF1) merged into Sub-Account MD9 on April 25, 2023.

⁸	JPMorgan Insurance Trust Income Builder - Class 2 Sub-Account (JF0) merged into Sub-Account MD9 on April 25, 2023.

⁹	Morgan Stanley Variable Insurance Fund, Inc. Core Plus Fixed Income Portfolio Class II Sub-Account (V46) merged into Sub-Account MD9 on July 25, 2023.

¹⁰	Morgan Stanley Variable Insurance Fund, Inc. Global Franchise Portfolio, Class II Sub-Account (V45) liquidated on September 18, 2023.

¹¹	Putnam VT Multi-Asset Absolute Return Fund Class IB Sub-Account (PI3) merged into Sub-Account MD9 on April 21, 2023.

¹²	Wanger Select Fund Sub-Account (W41) merged into Sub-Account W42 on April 21, 2023.

- 213 -

Delaware Life Variable Account F – All-Star

Financial Statements as of and for the Year Ended December 31, 2023 and

Report of Independent Registered Public Accounting Firm

DELAWARE LIFE VARIABLE ACCOUNT F – ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

Index

December 31, 2023


			Page(s)

Report of Independent Registered Public Accounting Firm			1-2

Financial Statements

Statement of Assets and Liabilities			3-4

Statements of Operations			5-14

Statements of Changes in Net Assets			15-29

Notes to the Financial Statements			30-42

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Delaware Life Insurance Company and the Contract Owners of Delaware Life Variable Account F – All-Star:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the Sub-Accounts listed in the Appendix that comprise Delaware Life Variable Account F – All-Star (the Separate Account), as of December 31, 2023, the related statements of operations and changes in net assets for the periods indicated in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the three-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Sub-Accounts as of December 31, 2023, the results of their operations and changes in their net assets for the periods indicated in the Appendix, and the financial highlights for each of the years or periods in the three-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants whose report, dated April 28, 2021, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

/s/ KPMG LLP

We have served as the auditor of Delaware Life Insurance Company’s Separate Accounts since 2021.

Hartford, Connecticut

April 23, 2024

- 1 -

Appendix

AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70) (1)

AB VPS Relative Value Portfolio (Class B) Sub-Account (A71) (1)(2)

AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2) (1)

Columbia Variable Portfolio - Dividend Opportunity Fund Class 2 Sub-Account (C49) (1)

Columbia Variable Portfolio - Government Money Market Fund Class 1 Sub-Account (C75) (1)

Columbia Variable Portfolio - Income Opportunities Fund Class 2 Sub-Account (C76) (1)

Columbia Variable Portfolio - Large Cap Growth Fund Class 2 Sub-Account (C60) (1)

Columbia Variable Portfolio - Select Mid Cap Value Fund Class 1 Sub-Account (C66) (1)

Columbia Variable Portfolio - Large Cap Index Fund Class 2 Sub-Account (C68) (1)

Columbia Variable Portfolio - Strategic Income Fund Class 2 Sub-Account (C73) (1)

Columbia Variable Portfolio - U.S. Government Mortgage Fund Class 1 Sub-Account (C69) (1)

Columbia Variable Portfolio - U.S. Government Mortgage Fund Class 2 Sub-Account (C70) (1)

Fidelity VIP Equity-Income Portfolio (Service Class 2) Sub-Account (F97) (1)

Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20) (1)

Franklin Templeton Growth and Income VIP Fund (Class 2) Sub-Account (F51) (1)

Franklin Templeton Mutual Shares VIP Fund Class 2 Sub-Account (F54) (1)

Invesco V.I. American Franchise Fund Series II Sub-Account (V52) (1)

Invesco V.I. EQV International Equity Fund Series II Sub-Account (AC1) (1)

MFS VIT I Growth Series Service Class Sub-Account (M80) (1)

MFS VIT I Investors Trust Series (Service Class) Sub-Account (M10) (1)

MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3) (1)

MFS VIT I New Discovery Series Service Class Sub-Account (M42) (1)

MFS VIT I Value Series Initial Class Sub-Account (M83) (1)

MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3) (1)

PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06) (1)

PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07) (1)

Wanger International Sub-Account (W39) (1)

Wanger Select Fund Sub-Account (W41) (3)

Wanger Acorn Sub-Account (W42) (1)

(1)

(2)

Formerly AB VPS Growth and Income Portfolio (Class B).

(3)

Statements of operations and changes in net assets for the period January 1, 2023 to April 21, 2023 and statement of changes in net assets for the year ended December 31, 2022.

- 2 -

DELAWARE LIFE VARIABLE ACCOUNT F – ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES

DECEMBER 31, 2023


			Assets								Liabilities
	Shares		Cost		Investments at fair value		Dividend Receivable		Total Assets		Payable to Sponsor		Net Assets
AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70)		1,407	$	34,914	$	43,689	$	—	$	43,689	$	5	$	43,684
AB VPS Relative Value Portfolio (Class B) Sub-Account (A71)¹		27,558		759,082		793,123		—		793,123		78		793,045
AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2)		1,471		28,158		25,494		—		25,494		3		25,491
Columbia Variable Portfolio - Dividend Opportunity Fund Class 2 Sub-Account (C49)		12,553		208,068		475,776		—		475,776		46		475,730
Columbia Variable Portfolio - Government Money Market Fund Class 1 Sub-Account (C75)		1,239,974		1,239,974		1,239,974		167		1,240,141		115		1,240,026
Columbia Variable Portfolio - Income Opportunities Fund Class 2 Sub-Account (C76)		52,467		378,443		330,539		—		330,539		33		330,506
Columbia Variable Portfolio - Large Cap Growth Fund Class 2 Sub-Account (C60)		10,256		112,852		369,438		—		369,438		34		369,404
Columbia Variable Portfolio - Select Mid Cap Value Fund Class 1 Sub-Account (C66)		5,504		90,560		202,782		—		202,782		19		202,763
Columbia Variable Portfolio - Large Cap Index Fund Class 2 Sub-Account (C68)		7,763		83,462		303,833		—		303,833		26		303,807
Columbia Variable Portfolio - Strategic Income Fund Class 2 Sub-Account (C73)		119,173		500,738		434,982		—		434,982		44		434,938
Columbia Variable Portfolio - U.S. Government Mortgage Fund Class 1 Sub-Account (C69)		17,442		178,840		155,754		—		155,754		14		155,740
Columbia Variable Portfolio - U.S. Government Mortgage Fund Class 2 Sub-Account (C70)		34,845		349,893		310,472		—		310,472		30		310,442
Fidelity VIP Equity-Income Portfolio (Service Class 2) Sub-Account (F97)		6,130		130,594		146,576		—		146,576		16		146,560
Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20)		30,993		385,698		441,339		—		441,339		44		441,295
Franklin Templeton Growth and Income VIP Fund (Class 2) Sub-Account (F51)		17,026		133,743		107,432		—		107,432		11		107,421
Franklin Templeton Mutual Shares VIP Fund Class 2 Sub-Account (F54)		13,704		228,918		210,089		—		210,089		20		210,069
Invesco V.I. American Franchise Fund Series II Sub-Account (V52)		2,840		164,192		151,120		—		151,120		17		151,103
Invesco V.I. EQV International Equity Fund Series II Sub-Account (AC1)		73		2,620		2,438		—		2,438		—		2,438
MFS VIT I Growth Series Service Class Sub-Account (M80)		12,599		651,138		701,515		—		701,515		68		701,447
MFS VIT I Investors Trust Series (Service Class) Sub-Account (M10)		2,323		67,504		81,952		—		81,952		9		81,943
MFS VIT II Massachusetts Investors Growth Stock Portfolio S Class Sub-Account (MB3)		9,024		195,073		199,433		—		199,433		22		199,411
MFS VIT I New Discovery Series Service Class Sub-Account (M42)		630		8,414		6,364		—		6,364		1		6,363
MFS VIT I Value Series Initial Class Sub-Account (M83)		14,921		293,797		317,366		—		317,366		32		317,334
MFS VIT III Mid Cap Value Portfolio Initial Class Sub-Account (MG3)		12,713		101,594		124,965		—		124,965		13		124,952
PIMCO VIT Real Return Portfolio Admin Class Sub-Account (P06)		24,477		320,460		283,195		—		283,195		26		283,169
PIMCO VIT Total Return Portfolio Admin Class Sub-Account (P07)		96,115		992,328		882,339		—		882,339		87		882,252
Wanger International Sub-Account (W39)		1,045		25,265		21,295		—		21,295		2		21,293
Wanger Select Fund Sub-Account (W41)²		—		—		—		—		—		—		—
Wanger Acorn Sub-Account (W42)		85,842		1,246,017		1,144,273		—		1,144,273		112		1,144,161

¹	This Sub-Account had a name change in 2023. Refer to Note 1 in the Variable Account’s Notes to Financial Statements for more information.

²	This Sub-Account was closed in 2023 due to merger. Refer to Note 1 in the Variable Account’s Notes to Financial Statements for more information.

The accompanying notes are an integral part of these financial statements.

- 3 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENT OF ASSETS AND LIABILITIES (CONTINUED)

DECEMBER 31, 2023


	Units		Value Applicable to Owners of Deferred Variable Annuity Contracts		Net Assets
A70		1,465	$	43,684	$	43,684
A71		23,231		793,045		793,045
AM2		977		25,491		25,491
C49		22,554		475,730		475,730
C75		135,248		1,240,026		1,240,026
C76		26,687		330,506		330,506
C60		9,533		369,404		369,404
C66		8,249		202,763		202,763
C68		8,896		303,807		303,807
C73		20,870		434,938		434,938
C69		16,315		155,740		155,740
C70		33,994		310,442		310,442
F97		5,359		146,560		146,560
T20		20,240		441,295		441,295
F51		3,062		107,421		107,421
F54		7,576		210,069		210,069
V52		4,772		151,103		151,103
AC1		94		2,438		2,438
M80		11,279		701,447		701,447
M10		2,397		81,943		81,943
MB3		8,287		199,411		199,411
M42		131		6,363		6,363
M83		12,260		317,334		317,334
MG3		4,078		124,952		124,952
P06		18,673		283,169		283,169
P07		60,838		882,252		882,252
W39		510		21,293		21,293
W41		—		—		—
W42		27,754		1,144,161		1,144,161

The accompanying notes are an integral part of these financial statements.

- 4 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2023


	A70 Sub-Account			A71 Sub-Account			AM2 Sub-Account
Income:
Dividend income	$	12		$	9,666		$	—
Expenses:
Mortality and expense risk charges		(617	)		(10,932	)		(339	)
Administration, distribution charges and other		(166	)		(3,071	)		(103	)

Net investment income (loss)		(771	)		(4,337	)		(442	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		337			10,711			(4	)
Realized gain distributions		2,628			61,059			905

Net realized gains (losses)		2,965			71,770			901

Net change in unrealized appreciation (depreciation)		3,101			7,606			1,883

Net realized and change in unrealized gains (losses)		6,066			79,376			2,784

Net increase (decrease) in net assets from operations	$	5,295		$	75,039		$	2,342

The accompanying notes are an integral part of these financial statements.

- 5 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C49 Sub-Account			C75 Sub-Account			C76 Sub-Account
Income:
Dividend income	$	—		$	66,581		$	16,640
Expenses:
Mortality and expense risk charges		(6,437	)		(19,795	)		(4,640	)
Administration, distribution charges and other		(1,799	)		(6,089	)		(1,327	)

Net investment income (loss)		(8,236	)		40,697			10,673

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		20,429			—			(12,400	)
Realized gain distributions		—			—			—

Net realized gains (losses)		20,429			—			(12,400	)

Net change in unrealized appreciation (depreciation)		1,816			—			31,285

Net realized and change in unrealized gains (losses)		22,245			—			18,885

Net increase (decrease) in net assets from operations	$	14,009		$	40,697		$	29,558

The accompanying notes are an integral part of these financial statements.

- 6 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C60 Sub-Account			C66 Sub-Account			C68 Sub-Account
Income:
Dividend income	$	—		$	—		$	—
Expenses:
Mortality and expense risk charges		(4,401	)		(2,615	)		(3,505	)
Administration, distribution charges and other		(1,169	)		(728	)		(875	)

Net investment income (loss)		(5,570	)		(3,343	)		(4,380	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		22,079			6,329			5,932
Realized gain distributions		—			—			—

Net realized gains (losses)		22,079			6,329			5,932

Net change in unrealized appreciation (depreciation)		94,479			12,959			57,251

Net realized and change in unrealized gains (losses)		116,558			19,288			63,183

Net increase (decrease) in net assets from operations	$	110,988		$	15,945		$	58,803

The accompanying notes are an integral part of these financial statements.

- 7 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	C73 Sub-Account			C69 Sub-Account			C70 Sub-Account
Income:
Dividend income	$	14,204		$	4,111		$	8,273
Expenses:
Mortality and expense risk charges		(6,321	)		(1,904	)		(4,225	)
Administration, distribution charges and other		(1,467	)		(506	)		(1,337	)

Net investment income (loss)		6,416			1,701			2,711

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(6,718	)		(588	)		(11,299	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(6,718	)		(588	)		(11,299	)

Net change in unrealized appreciation (depreciation)		29,582			4,723			19,687

Net realized and change in unrealized gains (losses)		22,864			4,135			8,388

Net increase (decrease) in net assets from operations	$	29,280		$	5,836		$	11,099

The accompanying notes are an integral part of these financial statements.

- 8 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	F97 Sub-Account			T20 Sub-Account			F51 Sub-Account
Income:
Dividend income	$	2,457		$	15,407		$	2,428
Expenses:
Mortality and expense risk charges		(2,083	)		(6,321	)		(1,637	)
Administration, distribution charges and other		(681	)		(2,016	)		(452	)

Net investment income (loss)		(307	)		7,070			339

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		792			6,656			(12,370	)
Realized gain distributions		4,216			—			5,889

Net realized gains (losses)		5,008			6,656			(6,481	)

Net change in unrealized appreciation (depreciation)		6,450			69,594			13,423

Net realized and change in unrealized gains (losses)		11,458			76,250			6,942

Net increase (decrease) in net assets from operations	$	11,151		$	83,320		$	7,281

The accompanying notes are an integral part of these financial statements.

- 9 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	F54 Sub-Account			V52 Sub-Account			AC1 Sub-Account
Income:
Dividend income	$	3,818		$	—		$	—
Expenses:
Mortality and expense risk charges		(2,754	)		(1,990	)		(36	)
Administration, distribution charges and other		(804	)		(666	)		(8	)

Net investment income (loss)		260			(2,656	)		(44	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(2,487	)		(693	)		(57	)
Realized gain distributions		17,575			3,289			2

Net realized gains (losses)		15,088			2,596			(55	)

Net change in unrealized appreciation (depreciation)		6,429			41,520			445

Net realized and change in unrealized gains (losses)		21,517			44,116			390

Net increase (decrease) in net assets from operations	$	21,777		$	41,460		$	346

The accompanying notes are an integral part of these financial statements.

- 10 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M80 Sub-Account			M10 Sub-Account			MB3 Sub-Account
Income:
Dividend income	$	—		$	370		$	89
Expenses:
Mortality and expense risk charges		(9,019	)		(1,202	)		(2,912	)
Administration, distribution charges and other		(2,718	)		(358	)		(949	)

Net investment income (loss)		(11,737	)		(1,190	)		(3,772	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		19,955			2,286			4,281
Realized gain distributions		53,296			4,508			9,658

Net realized gains (losses)		73,251			6,794			13,939

Net change in unrealized appreciation (depreciation)		135,991			6,367			28,497

Net realized and change in unrealized gains (losses)		209,242			13,161			42,436

Net increase (decrease) in net assets from operations	$	197,505		$	11,971		$	38,664

The accompanying notes are an integral part of these financial statements.

- 11 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	M42 Sub-Account			M83 Sub-Account			MG3 Sub-Account
Income:
Dividend income	$	—		$	4,948		$	2,069
Expenses:
Mortality and expense risk charges		(85	)		(4,409	)		(1,714	)
Administration, distribution charges and other		(17	)		(1,424	)		(503	)

Net investment income (loss)		(102	)		(885	)		(148	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		14			6,357			739
Realized gain distributions		—			20,798			3,923

Net realized gains (losses)		14			27,155			4,662

Net change in unrealized appreciation (depreciation)		786			(7,195	)		7,547

Net realized and change in unrealized gains (losses)		800			19,960			12,209

Net increase (decrease) in net assets from operations	$	698		$	19,075		$	12,061

The accompanying notes are an integral part of these financial statements.

- 12 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	P06 Sub-Account			P07 Sub-Account			W39 Sub-Account
Income:
Dividend income	$	8,403		$	31,973		$	65
Expenses:
Mortality and expense risk charges		(3,753	)		(12,358	)		(288	)
Administration, distribution charges and other		(978	)		(3,899	)		(78	)

Net investment income (loss)		3,672			15,716			(301	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(1,012	)		(17,583	)		(393	)
Realized gain distributions		—			—			—

Net realized gains (losses)		(1,012	)		(17,583	)		(393	)

Net change in unrealized appreciation (depreciation)		2,744			37,267			3,532

Net realized and change in unrealized gains (losses)		1,732			19,684			3,139

Net increase (decrease) in net assets from operations	$	5,404		$	35,400		$	2,838

The accompanying notes are an integral part of these financial statements.

- 13 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF OPERATIONS (CONTINUED)

FOR THE YEAR ENDED DECEMBER 31, 2023


	W41 Sub-Account			W42 Sub-Account
Income:
Dividend income	$	—		$	—
Expenses:
Mortality and expense risk charges		(1,618	)		(14,006	)
Administration, distribution charges and other		(400	)		(3,862	)

Net investment income (loss)		(2,018	)		(17,868	)

Net realized and change in unrealized gains (losses):
Net realized gains (losses) on sale of investments		(309,172	)		(102,448	)
Realized gain distributions		—			—

Net realized gains (losses)		(309,172	)		(102,448	)

Net change in unrealized appreciation (depreciation)		342,050			298,308

Net realized and change in unrealized gains (losses)		32,878			195,860

Net increase (decrease) in net assets from operations	$	30,860		$	177,992

The accompanying notes are an integral part of these financial statements.

- 14 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	A70 Sub-Account						A71 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(771	)	$	(829	)	$	(4,337	)	$	(5,891	)
Net realized gains (losses)		2,965			5,155			71,770			181,856
Net change in unrealized appreciation (depreciation)		3,101			(20,902	)		7,606			(234,175	)

Increase (decrease) from operations		5,295			(16,576	)		75,039			(58,210	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			762			6,854
Transfers between Sub-Accounts (including the Fixed Account), net		2			—			2,917			(56,949	)
Withdrawals, surrenders, annuitizations and contract charges		(1,745	)		(1,742	)		(92,089	)		(85,127	)

Net accumulation activity		(1,743	)		(1,742	)		(88,410	)		(135,222	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(1,743	)		(1,742	)		(88,410	)		(135,222	)

Total increase (decrease) in net assets		3,552			(18,318	)		(13,371	)		(193,432	)
Net assets at beginning of year		40,132			58,450			806,416			999,848

Net assets at end of year	$	43,684		$	40,132		$	793,045		$	806,416

The accompanying notes are an integral part of these financial statements.

- 15 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	AM2 Sub-Account						C49 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(442	)	$	(816	)	$	(8,236	)	$	(9,494	)
Net realized gains (losses)		901			4,568			20,429			55,849
Net change in unrealized appreciation (depreciation)		1,883			(25,943	)		1,816			(67,839	)

Increase (decrease) from operations		2,342			(22,191	)		14,009			(21,484	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			200			225
Transfers between Sub-Accounts (including the Fixed Account), net		503			901			6,942			(22,756	)
Withdrawals, surrenders, annuitizations and contract charges		(8	)		(31,515	)		(25,825	)		(67,820	)

Net accumulation activity		495			(30,614	)		(18,683	)		(90,351	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		495			(30,614	)		(18,683	)		(90,351	)

Total increase (decrease) in net assets		2,837			(52,805	)		(4,674	)		(111,835	)
Net assets at beginning of year		22,654			75,459			480,404			592,239

Net assets at end of year	$	25,491		$	22,654		$	475,730		$	480,404

The accompanying notes are an integral part of these financial statements.

- 16 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C75 Sub-Account						C76 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	40,697		$	(10,450	)	$	10,673		$	12,842
Net realized gains (losses)		—			—			(12,400	)		(7,499	)
Net change in unrealized appreciation (depreciation)		—			—			31,285			(54,852	)

Increase (decrease) from operations		40,697			(10,450	)		29,558			(49,509	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		1,008			19,092			226			5,851
Transfers between Sub-Accounts (including the Fixed Account), net		46,974			39,969			1,595			(11,311	)
Withdrawals, surrenders, annuitizations and contract charges		(449,695	)		(158,208	)		(39,335	)		(35,258	)

Net accumulation activity		(401,713	)		(99,147	)		(37,514	)		(40,718	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			(9,294	)

Net annuitization activity		—			—			—			(9,294	)

Net increase (decrease) from contract owner transactions		(401,713	)		(99,147	)		(37,514	)		(50,012	)

Total increase (decrease) in net assets		(361,016	)		(109,597	)		(7,956	)		(99,521	)
Net assets at beginning of year		1,601,042			1,710,639			338,462			437,983

Net assets at end of year	$	1,240,026		$	1,601,042		$	330,506		$	338,462

The accompanying notes are an integral part of these financial statements.

- 17 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C60 Sub-Account						C66 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(5,570	)	$	(6,353	)	$	(3,343	)	$	(3,953	)
Net realized gains (losses)		22,079			61,819			6,329			36,275
Net change in unrealized appreciation (depreciation)		94,479			(224,474	)		12,959			(64,420	)

Increase (decrease) from operations		110,988			(169,008	)		15,945			(32,098	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		351			343			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		(11,451	)		7,235			914			(16,618	)
Withdrawals, surrenders, annuitizations and contract charges		(12,417	)		(84,042	)		(3,121	)		(37,440	)

Net accumulation activity		(23,517	)		(76,464	)		(2,207	)		(54,058	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(23,517	)		(76,464	)		(2,207	)		(54,058	)

Total increase (decrease) in net assets		87,471			(245,472	)		13,738			(86,156	)
Net assets at beginning of year		281,933			527,405			189,025			275,181

Net assets at end of year	$	369,404		$	281,933		$	202,763		$	189,025

The accompanying notes are an integral part of these financial statements.

- 18 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C68 Sub-Account						C73 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(4,380	)	$	(4,416	)	$	6,416		$	3,599
Net realized gains (losses)		5,932			15,314			(6,718	)		3,638
Net change in unrealized appreciation (depreciation)		57,251			(75,784	)		29,582			(75,158	)

Increase (decrease) from operations		58,803			(64,886	)		29,280			(67,921	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			—			5,124
Transfers between Sub-Accounts (including the Fixed Account), net		(1	)		(21	)		123			542
Withdrawals, surrenders, annuitizations and contract charges		(3,832	)		(17,363	)		(12,850	)		(63,353	)

Net accumulation activity		(3,833	)		(17,384	)		(12,727	)		(57,687	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			(8,583	)

Net annuitization activity		—			—			—			(8,583	)

Net increase (decrease) from contract owner transactions		(3,833	)		(17,384	)		(12,727	)		(66,270	)

Total increase (decrease) in net assets		54,970			(82,270	)		16,553			(134,191	)
Net assets at beginning of year		248,837			331,107			418,385			552,576

Net assets at end of year	$	303,807		$	248,837		$	434,938		$	418,385

The accompanying notes are an integral part of these financial statements.

- 19 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	C69 Sub-Account						C70 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	1,701		$	596		$	2,711		$	711
Net realized gains (losses)		(588	)		(1,773	)		(11,299	)		(12,939	)
Net change in unrealized appreciation (depreciation)		4,723			(25,249	)		19,687			(54,436	)

Increase (decrease) from operations		5,836			(26,426	)		11,099			(66,664	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			369			6,703
Transfers between Sub-Accounts (including the Fixed Account), net		9,909			(436	)		17,506			(20,448	)
Withdrawals, surrenders, annuitizations and contract charges		(192	)		(839	)		(50,017	)		(53,817	)

Net accumulation activity		9,717			(1,275	)		(32,142	)		(67,562	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		9,717			(1,275	)		(32,142	)		(67,562	)

Total increase (decrease) in net assets		15,553			(27,701	)		(21,043	)		(134,226	)
Net assets at beginning of year		140,187			167,888			331,485			465,711

Net assets at end of year	$	155,740		$	140,187		$	310,442		$	331,485

The accompanying notes are an integral part of these financial statements.

- 20 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F97 Sub-Account						T20 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(307	)	$	(366	)	$	7,070		$	6,476
Net realized gains (losses)		5,008			5,651			6,656			(13,373	)
Net change in unrealized appreciation (depreciation)		6,450			(16,061	)		69,594			(41,333	)

Increase (decrease) from operations		11,151			(10,776	)		83,320			(48,230	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			598			9,774
Transfers between Sub-Accounts (including the Fixed Account), net		(103	)		(850	)		(22,739	)		(23,152	)
Withdrawals, surrenders, annuitizations and contract charges		(2,046	)		(2,219	)		(95,229	)		(55,148	)

Net accumulation activity		(2,149	)		(3,069	)		(117,370	)		(68,526	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(2,149	)		(3,069	)		(117,370	)		(68,526	)

Total increase (decrease) in net assets		9,002			(13,845	)		(34,050	)		(116,756	)
Net assets at beginning of year		137,558			151,403			475,345			592,101

Net assets at end of year	$	146,560		$	137,558		$	441,295		$	475,345

The accompanying notes are an integral part of these financial statements.

- 21 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	F51 Sub-Account						F54 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	339		$	1,377		$	260		$	160
Net realized gains (losses)		(6,481	)		45,422			15,088			22,335
Net change in unrealized appreciation (depreciation)		13,423			(58,646	)		6,429			(43,249	)

Increase (decrease) from operations		7,281			(11,847	)		21,777			(20,754	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			206			226
Transfers between Sub-Accounts (including the Fixed Account), net		—			—			(1	)		—
Withdrawals, surrenders, annuitizations and contract charges		(11,832	)		(11,994	)		(10,186	)		(10,541	)

Net accumulation activity		(11,832	)		(11,994	)		(9,981	)		(10,315	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(11,832	)		(11,994	)		(9,981	)		(10,315	)

Total increase (decrease) in net assets		(4,551	)		(23,841	)		11,796			(31,069	)
Net assets at beginning of year		111,972			135,813			198,273			229,342

Net assets at end of year	$	107,421		$	111,972		$	210,069		$	198,273

The accompanying notes are an integral part of these financial statements.

- 22 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	V52 Sub-Account						AC1 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(2,656	)	$	(2,567	)	$	(44	)	$	(11	)
Net realized gains (losses)		2,596			36,445			(55	)		224
Net change in unrealized appreciation (depreciation)		41,520			(87,276	)		445			(818	)

Increase (decrease) from operations		41,460			(53,398	)		346			(605	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		—			—			(1	)		—
Withdrawals, surrenders, annuitizations and contract charges		(282	)		(361	)		(175	)		(167	)

Net accumulation activity		(282	)		(361	)		(176	)		(167	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(282	)		(361	)		(176	)		(167	)

Total increase (decrease) in net assets		41,178			(53,759	)		170			(772	)
Net assets at beginning of year		109,925			163,684			2,268			3,040

Net assets at end of year	$	151,103		$	109,925		$	2,438		$	2,268

The accompanying notes are an integral part of these financial statements.

- 23 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M80 Sub-Account						M10 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(11,737	)	$	(12,562	)	$	(1,190	)	$	(1,397	)
Net realized gains (losses)		73,251			130,545			6,794			15,154
Net change in unrealized appreciation (depreciation)		135,991			(426,577	)		6,367			(32,896	)

Increase (decrease) from operations		197,505			(308,594	)		11,971			(19,139	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		391			8,268			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		(54,033	)		51,323			—			—
Withdrawals, surrenders, annuitizations and contract charges		(81,717	)		(59,513	)		(9,358	)		(9,626	)

Net accumulation activity		(135,359	)		78			(9,358	)		(9,626	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(135,359	)		78			(9,358	)		(9,626	)

Total increase (decrease) in net assets		62,146			(308,516	)		2,613			(28,765	)
Net assets at beginning of year		639,301			947,817			79,330			108,095

Net assets at end of year	$	701,447		$	639,301		$	81,943		$	79,330

The accompanying notes are an integral part of these financial statements.

- 24 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	MB3 Sub-Account						M42 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(3,772	)	$	(3,953	)	$	(102	)	$	(120	)
Net realized gains (losses)		13,939			29,677			14			1,736
Net change in unrealized appreciation (depreciation)		28,497			(76,198	)		786			(4,996	)

Increase (decrease) from operations		38,664			(50,474	)		698			(3,380	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		306			—			—			—
Transfers between Sub-Accounts (including the Fixed Account), net		(1,302	)		398			(1	)		—
Withdrawals, surrenders, annuitizations and contract charges		(25,530	)		(5,946	)		—			(1,652	)

Net accumulation activity		(26,526	)		(5,548	)		(1	)		(1,652	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(26,526	)		(5,548	)		(1	)		(1,652	)

Total increase (decrease) in net assets		12,138			(56,022	)		697			(5,032	)
Net assets at beginning of year		187,273			243,295			5,666			10,698

Net assets at end of year	$	199,411		$	187,273		$	6,363		$	5,666

The accompanying notes are an integral part of these financial statements.

- 25 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	M83 Sub-Account						MG3 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(885	)	$	(1,625	)	$	(148	)	$	(1,193	)
Net realized gains (losses)		27,155			35,967			4,662			13,171
Net change in unrealized appreciation (depreciation)		(7,195	)		(64,563	)		7,547			(27,929	)

Increase (decrease) from operations		19,075			(30,221	)		12,061			(15,951	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		175			3,701			—			12,241
Transfers between Sub-Accounts (including the Fixed Account), net		5,804			(29,965	)		—			349
Withdrawals, surrenders, annuitizations and contract charges		(35,846	)		(24,152	)		(3,688	)		(32,173	)

Net accumulation activity		(29,867	)		(50,416	)		(3,688	)		(19,583	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(29,867	)		(50,416	)		(3,688	)		(19,583	)

Total increase (decrease) in net assets		(10,792	)		(80,637	)		8,373			(35,534	)
Net assets at beginning of year		328,126			408,763			116,579			152,113

Net assets at end of year	$	317,334		$	328,126		$	124,952		$	116,579

The accompanying notes are an integral part of these financial statements.

- 26 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	P06 Sub-Account						P07 Sub-Account
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	3,672		$	21,129		$	15,716		$	8,038
Net realized gains (losses)		(1,012	)		(12,625	)		(17,583	)		(54,445	)
Net change in unrealized appreciation (depreciation)		2,744			(65,392	)		37,267			(113,337	)

Increase (decrease) from operations		5,404			(56,888	)		35,400			(159,744	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		152			11,466			1,098			23,498
Transfers between Sub-Accounts (including the Fixed Account), net		405			20,624			31,818			(50,500	)
Withdrawals, surrenders, annuitizations and contract charges		(4,671	)		(37,393	)		(130,539	)		(116,880	)

Net accumulation activity		(4,114	)		(5,303	)		(97,623	)		(143,882	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(4,114	)		(5,303	)		(97,623	)		(143,882	)

Total increase (decrease) in net assets		1,290			(62,191	)		(62,223	)		(303,626	)
Net assets at beginning of year		281,879			344,070			944,475			1,248,101

Net assets at end of year	$	283,169		$	281,879		$	882,252		$	944,475

The accompanying notes are an integral part of these financial statements.

- 27 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	W39 Sub-Account						W41 Sub-Account³
	December 31, 2023			December 31, 2022			December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(301	)	$	(272	)	$	(2,018	)	$	(7,077	)
Net realized gains (losses)		(393	)		(1,653	)		(309,172	)		132,024
Net change in unrealized appreciation (depreciation)		3,532			(19,572	)		342,050			(330,843	)

Increase (decrease) from operations		2,838			(21,497	)		30,860			(205,896	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		—			—			—			8,571
Transfers between Sub-Accounts (including the Fixed Account), net		(56	)		1,201			(380,083	)		12,184
Withdrawals, surrenders, annuitizations and contract charges		(623	)		(23,183	)		(701	)		(40,375	)

Net accumulation activity		(679	)		(21,982	)		(380,784	)		(19,620	)

*Annuitization Activity:*
Adjustments to annuity reserves		—			—			—			—

Net annuitization activity		—			—			—			—

Net increase (decrease) from contract owner transactions		(679	)		(21,982	)		(380,784	)		(19,620	)

Total increase (decrease) in net assets		2,159			(43,479	)		(349,924	)		(225,516	)
Net assets at beginning of year		19,134			62,613			349,924			575,440

Net assets at end of year	$	21,293		$	19,134		$	—		$	349,924

³	The current year activities for this Sub-Account are for the period from January 1, 2023 to April 21, 2023. Refer to Note 1 for details on closed Sub-Accounts.

The accompanying notes are an integral part of these financial statements.

- 28 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)

FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022


	W42 Sub-Account
	December 31, 2023			December 31, 2022
Operations:
Net investment income (loss)	$	(17,868	)	$	(14,501	)
Net realized gains (losses)		(102,448	)		197,600
Net change in unrealized appreciation (depreciation)		298,308			(557,439	)

Increase (decrease) from operations		177,992			(374,340	)

Contract Owner Transactions:
*Accumulation Activity:*
Purchase payments received		662			13,475
Transfers between Sub-Accounts (including the Fixed Account), net		346,024			102,703
Withdrawals, surrenders, annuitizations and contract charges		(127,529	)		(80,924	)

Net accumulation activity		219,157			35,254

*Annuitization Activity:*
Adjustments to annuity reserves		—			—

Net annuitization activity		—			—

Net increase (decrease) from contract owner transactions		219,157			35,254

Total increase (decrease) in net assets		397,149			(339,086	)
Net assets at beginning of year		747,012			1,086,098

Net assets at end of year	$	1,144,161		$	747,012

The accompanying notes are an integral part of these financial statements.

- 29 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

NOTES TO FINANCIAL STATEMENTS

FOR THE YEAR ENDED DECEMBER 31, 2023

1. BUSINESS AND ORGANIZATION

Delaware Life Variable Account F (the “Variable Account”) is a separate account of Delaware Life Insurance Company (the “Sponsor”). The Variable Account was established on July 13, 1989 as a funding vehicle for the variable portion of Columbia All-Star contracts, Columbia All-Star Extra contracts, Columbia All-Star Freedom contracts, Columbia All-Star Traditions contracts, and certain other fixed and variable annuity contracts (“the Contracts”) issued by the Sponsor. The Variable Account is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as a unit investment trust existing in accordance with the regulations of the Delaware Insurance Department and is an investment company. Accordingly, the Variable Account follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services – Investment Companies.

A summary of the name changes related to Sub-Accounts held by the contract owners of the Variable Account during the current year, is as follows:


Sub-Account	Previous Name	Effective Date
A71	AB VPS Growth and Income Portfolio (Class B)		May 1, 2023

The close date related to Sub-Accounts held by the contract owners of the Variable Account (if closed within the past five years), is as follows:


Closed Sub-Account	New Sub-Account		Effective Date
W41		W42		April 21, 2023
C55		C75		April 24, 2020

There were no Sub-Accounts held by the contract owners of the Variable Account with commencement dates earlier than the past five years, but for which the first activity occurred within the last five years.

Rydex VT NASDAQ-100 Fund Sub-Account (R03) is active at December 31, 2023 but has had zero balance for more than five years and therefore is not disclosed in the Statements of Assets and Liabilities, Statements of Changes in Net Assets or the financial highlights in Note 10.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

General

- 30 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Investment Valuation and Transactions

Units

Purchase Payments

Upon issuance of new contracts, the initial purchase payment is credited to the contract in the form of units. All subsequent purchase payments are applied using the unit values for the period during which the purchase payment is received.

Transfers

Withdrawals

Annuitization

Annuity Payments

- 31 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Federal Income Taxes

Use of Estimates

The preparation of financial statements in conformity with GAAP requires Sponsor’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. The most significant estimate is fair value measurements of investments and the calculation of reserve for variable annuities. Actual results could vary from the amounts derived from Sponsor management’s estimates.

Subsequent events

The Sponsor’s management has evaluated events subsequent to December 31, 2023, noting that there are no subsequent events requiring accounting adjustments or disclosure.

3. FAIR VALUE MEASUREMENTS

- 32 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

4. RELATED-PARTY TRANSACTIONS

Security Investors, LLC, one of the companies in the investment management businesses of Guggenheim Partners LLC and a related-party of the Sponsor, is the investment advisor to certain Rydex funds and charges a management fee at an annual rate 0.75% of the Rydex funds’ average daily net assets.

5. CONTRACT CHARGES

Mortality and expense risk charges

Charges for mortality and expense risks, the optional death benefit riders, and the optional living benefit riders are deducted from the Variable Account at the end of each valuation period to cover the risks assumed by the Sponsor. The deductions are calculated at different levels based upon the elections made by the contract holder and are transferred periodically to the Sponsor. These charges are reflected in the Statements of Operations. At December 31, 2023, the deductions are at an effective annual rate based on the average daily value of the contract invested in the Variable Account as follows:


	Level 1			Level 2			Level 3			Level 4			Level 5			Level 6			Level 7			Level 8
Columbia All-Star		1.30	%		1.50	%		1.55	%		1.70	%		1.75	%		1.90	%		1.95	%		2.15	%
Columbia All-Star Freedom		1.35	%		1.55	%		1.60	%		1.75	%		1.80	%		1.95	%		—	%		—	%
Columbia All-Star Traditions		1.05	%		1.25	%		1.30	%		1.45	%		1.50	%		1.65	%		1.70	%		1.90	%
Columbia All-Star Extra		1.40	%		1.60	%		1.65	%		1.80	%		1.85	%		2.00	%		2.05	%		2.25	%

Distribution and administrative expense charges

For assuming the risk that surrender charges may be insufficient to compensate the Sponsor for the costs of distributing the contracts, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the average daily value of the contracts invested in the Variable Account for Columbia All-Star Traditions and Columbia All-Star Extra contracts and an effective annual rate of 0.20% of the average daily value of the contracts invested in the Variable Account for Columbia All-Star and Columbia All-Star Freedom contracts. These charges are reflected in the Statements of Operations.

As reimbursement for administrative expenses attributable to Columbia All-Star, Columbia All-Star Freedom, Columbia All-Star Traditions, and Columbia All-Star Extra contracts, which exceed the charges received from the account administration fee (‘‘Account Fee’’) described below, the Sponsor makes a deduction from the Sub-Account at the end of each valuation period at an effective annual rate of 0.15% of the net assets attributable to such contracts. These charges are reflected in the Statements of Operations.

- 33 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

5. CONTRACT CHARGES (CONTINUED)

Optional living benefit rider charges

A quarterly charge of 0.125% (“Benefit Fee”) of the contract owner’s account value is deducted from the value of the contract on the last day of the account quarter. Account quarters are defined as three-month periods, with the first account quarter beginning on the date the contracts were issued, if a certain optional living benefit rider is elected. This optional living benefit rider is available on Columbia All-Star contracts, Columbia All-Star Traditions contracts, and Columbia All-Star Extra contracts; however, no contracts were ever sold with the rider elected; therefore, there are no Benefit Fees reflected in the Variable Account’s financial statements.

Administration charges

Each year on the account anniversary date, an Account Fee equal to $50 is deducted from the contract owner’s account to reimburse the Sponsor for certain administrative expenses. After the annuity commencement date, the Account Fee is deducted pro rata from each variable annuity payment made during the year. The Account Fee is reported in the Statements of Changes in Net Assets as part of “Withdrawals, surrenders, annuitizations and contract charges”.

Surrender charges

The Sponsor does not deduct a sales charge from the purchase payments. However, a surrender charge (contingent deferred sales charge) may be deducted to cover certain expenses relating to the sale of the Columbia All-Star contracts, Columbia All-Star Traditions contracts, and Columbia All-Star Extra contracts if the contract holder requests a full withdrawal prior to reaching the pay-out phase. In no event shall the aggregate surrender charges exceed 8% of the purchase payments withdrawn. The surrender charge is reported in the Statements of Changes in Net Assets as part of “Withdrawals, surrenders, annuitizations and contract charges”.

Premium Taxes

A deduction, when applicable, is made for premium taxes or similar state or local taxes. It is currently the policy of the Sponsor to make this deduction from the amount applied to provide an annuity at the time of annuitization.

6. RESERVE FOR VARIABLE ANNUITIES

Reserve for variable annuities represents the actuarial present value of future contract benefits for those contract holders who are in the payout phase of their contract and chose the variable payout option. Annuity reserves are calculated using the Annuity 2000 Table or the 2012 Individual Annuitant Mortality Table and an assumed interest rate of 3% per year. The Individual Annuitant Mortality Table utilized is subject to change in conjunction with changes in the tables currently adopted by the National Association of Insurance Commissioners. The mortality risk is fully borne by the Sponsor and may result in additional amounts being transferred into the variable annuity account by the Sponsor to cover greater longevity of annuities than expected. Required adjustments to the reserves are accomplished by transfers to or from the Sponsor.

- 34 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

7. INVESTMENT PURCHASES AND SALES

The cost of purchases and proceeds from sales of investments for the year ended December 31, 2023 were as follows:


	Purchases		Sales
A70	$	2,642	$	(2,525	)
A71		80,969		(112,622	)
AM2		1,406		(445	)
C49		8,813		(35,718	)
C75		132,109		(493,097	)
C76		20,133		(46,956	)
C60		1		(29,068	)
C66		4,785		(10,327	)
C68		—		(8,202	)
C73		14,292		(20,579	)
C69		14,674		(3,249	)
C70		28,979		(58,396	)
F97		6,673		(4,907	)
T20		16,327		(126,611	)
F51		8,317		(13,916	)
F54		21,394		(13,529	)
V52		3,289		(2,926	)
AC1		2		(218	)
M80		56,528		(150,283	)
M10		4,878		(10,913	)
MB3		10,042		(30,672	)
M42		—		(101	)
M83		35,817		(45,754	)
MG3		5,992		(5,900	)
P06		9,088		(9,517	)
P07		64,267		(146,132	)
W39		415		(1,397	)
W41		—		(382,817	)
W42		387,853		(186,489	)

- 35 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING

The changes in units outstanding for the year ended December 31, 2023 were as follows:


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
A70		213		269		(56	)
A71		332		3,161		(2,829	)
AM2		22		1		21
C49		1,149		2,062		(913	)
C75		7,328		52,714		(45,386	)
C76		1,191		4,407		(3,216	)
C60		10		696		(686	)
C66		229		320		(91	)
C68		1		118		(117	)
C73		6		658		(652	)
C69		1,143		95		1,048
C70		2,370		6,027		(3,657	)
F97		—		81		(81	)
T20		70		5,714		(5,644	)
F51		—		355		(355	)
F54		8		407		(399	)
V52		—		11		(11	)
AC1		—		7		(7	)
M80		60		2,701		(2,641	)
M10		—		307		(307	)
MB3		13		1,154		(1,141	)
M83		425		1,597		(1,172	)
MG3		—		134		(134	)
P06		53		329		(276	)
P07		2,362		9,324		(6,962	)
W39		11		27		(16	)
W41		—		11,390		(11,390	)
W42		10,604		4,432		6,172

- 36 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

8. CHANGES IN UNITS OUTSTANDING (CONTINUED)

The changes in units outstanding for the year ended December 31, 2022 were as follows:


	Units		Units		Net Increase
	Issued		Redeemed		(Decrease)
A70		—		56		(56	)
A71		1,053		5,300		(4,247	)
AM2		43		1,500		(1,457	)
C49		114		4,746		(4,632	)
C75		40,675		51,532		(10,857	)
C76		1,813		5,324		(3,511	)
C60		286		3,037		(2,751	)
C66		117		2,633		(2,516	)
C68		1		602		(601	)
C73		263		3,035		(2,772	)
C69		1,437		1,610		(173	)
C70		7,823		14,828		(7,005	)
F97		—		118		(118	)
T20		4,252		7,641		(3,389	)
F51		—		374		(374	)
F54		8		426		(418	)
V52		—		13		(13	)
AC1		—		7		(7	)
M80		2,038		1,869		169
M10		—		308		(308	)
MB3		20		264		(244	)
M42		—		34		(34	)
M83		717		2,738		(2,021	)
MG3		432		1,120		(688	)
P06		31,719		32,801		(1,082	)
P07		36,940		44,641		(7,701	)
W39		39		650		(611	)
W41		672		1,239		(567	)
W42		3,913		2,788		1,125

9. TAX DIVERSIFICATION REQUIREMENTS

- 37 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS

The summary of units outstanding, unit value (some of which may be rounded), net assets, investment income ratios, expense ratios (excluding expenses of the underlying mutual funds) and the total return, for each of the five years in the period ended December 31, is as follows:


		At December 31,									For the years ended December 31,
		Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
A70
	2023		1,465	$	39.9528	to	$	19.8513	$	43,684		0.03	%		1.35	%	to	2.05	%		14.15	%	to	13.35	%
	2022		1,521		35.0004	to		17.5135		40,132		—			1.35		to	2.05			(28.15	)	to	(28.65	)
	2021		1,577		48.7116	to		24.5471		58,450		—			1.35		to	2.05			20.92		to	20.07
	2020		1,630		40.2835	to		20.4438		50,404		0.46			1.35		to	2.05			37.21		to	36.24
	2019		1,284		29.3600	to		15.0060		28,163		0.16			1.35		to	2.05			28.03		to	27.13
A71
	2023		23,231		47.8193	to		33.8066		793,045		1.23			1.35		to	2.30			10.22		to	9.18
	2022		26,060		43.3846	to		30.9652		806,416		1.11			1.35		to	2.30			(5.70	)	to	(6.60	)
	2021		30,307		46.0088	to		33.1533		999,848		0.63			1.35		to	2.30			26.12		to	24.92
	2020		33,525		36.4810	to		26.5402		882,635		1.34			1.35		to	2.30			1.09		to	0.12
	2019		36,913		36.0880	to		26.5073		954,183		0.98			1.35		to	2.30			21.95		to	20.79
AM2
	2023		977		28.7617	to		23.2357		25,491		—			1.70		to	2.05			10.45		to	10.07
	2022		956		26.0393	to		21.1105		22,654		—			1.70		to	2.05			(29.03	)	to	(29.28	)
	2021		2,413		36.6901	to		29.8503		75,459		—			1.70		to	2.05			6.18		to	5.80
	2020		2,532		34.5556	to		28.2130		74,624		1.14			1.70		to	2.05			27.40		to	26.95
	2019		2,735		27.1238	to		22.2237		63,246		0.28			1.70		to	2.05			25.07		to	24.63
C55⁵
	2019		44,715		28.5845	to		22.2138		1,052,807		1.77			1.35		to	2.35			19.24		to	18.04
C49
	2023		22,554		22.2520	to		20.3388		475,730		—			1.35		to	2.05			3.43		to	2.71
	2022		23,467		21.5133	to		19.8028		480,404		—			1.35		to	2.05			(2.72	)	to	(3.40	)
	2021		28,099		22.1140	to		20.4996		592,239		—			1.35		to	2.05			24.20		to	23.33
	2020		29,841		17.8052	to		16.6224		508,706		—			1.35		to	2.05			(0.46	)	to	(1.17	)
	2019		33,984		17.8879	to		16.8183		582,930		—			1.35		to	2.05			22.09		to	21.23
C75
	2023		135,248		9.5619	to		8.6293		1,240,026		4.60			1.35		to	2.30			3.35		to	2.37
	2022		180,634		9.2522	to		8.4298		1,601,042		1.15			1.35		to	2.30			(0.15	)	to	(1.10	)
	2021		191,491		9.2660	to		8.5234		1,710,639		0.02			1.35		to	2.30			(1.33	)	to	(2.27	)
	2020		202,456		9.3906	to		8.7210		1,840,668		0.24			1.35		to	2.30			(1.05	)	to	(1.99	)
	2019		137,900		9.4900	to		8.8983		1,269,599		1.89			1.35		to	2.30			0.52		to	(0.43	)
C76
	2023		26,687		12.9961	to		11.7286		330,506		5.05			1.35		to	2.30			9.87		to	8.82
	2022		29,903		11.8288	to		10.7775		338,462		5.25			1.35		to	2.30			(11.42	)	to	(12.27	)
	2021		33,414		13.3545	to		12.2843		437,983		8.92			1.35		to	2.30			2.74		to	1.76
	2020		35,124		12.9987	to		12.0719		450,462		4.65			1.35		to	2.30			4.25		to	3.25
	2019		37,033		12.4690	to		11.6917		458,219		4.82			1.35		to	2.30			14.56		to	13.47

- 38 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


		At December 31,									For the years ended December 31,
		Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
C60
	2023		9,533	$	40.3822	to	$	36.9109	$	369,404		—	%		1.35	%	to	2.05	%		40.85	%	to	39.86	%
	2022		10,219		28.6699	to		26.3904		281,933		—			1.35		to	2.05			(32.45	)	to	(32.93	)
	2021		12,970		42.4454	to		39.3475		527,405		—			1.35		to	2.05			26.63		to	25.73
	2020		13,767		33.5204	to		31.2941		443,701		—			1.35		to	2.05			32.60		to	31.66
	2019		15,000		25.2800	to		23.7687		365,990		—			1.35		to	2.05			33.71		to	32.77
C66
	2023		8,249		25.8038	to		23.5852		202,763		—			1.35		to	2.05			8.82		to	8.05
	2022		8,340		23.7127	to		21.8271		189,025		—			1.35		to	2.05			(10.65	)	to	(11.28	)
	2021		10,856		26.5402	to		24.6028		275,181		—			1.35		to	2.05			30.55		to	29.63
	2020		13,933		20.3298	to		18.9792		272,143		—			1.35		to	2.05			6.03		to	5.28
	2019		20,029		19.1736	to		18.0271		367,485		—			1.35		to	2.05			29.85		to	28.94
C68
	2023		8,896		35.1696	to		32.1464		303,807		—			1.35		to	2.05			23.96		to	23.09
	2022		9,013		28.3707	to		26.1151		248,837		—			1.35		to	2.05			(19.64	)	to	(20.20	)
	2021		9,614		35.3028	to		32.7262		331,107		—			1.35		to	2.05			26.34		to	25.45
	2020		9,767		27.9424	to		25.9575		266,913		—			1.35		to	2.10			16.16		to	15.28
	2019		16,014		24.0561	to		22.5177		371,892		—			1.35		to	2.10			29.03		to	28.05
C73
	2023		20,870		22.3100	to		20.8090		434,938		3.38			1.55		to	1.85			7.52		to	7.19
	2022		21,522		20.7499	to		19.4125		418,385		2.64			1.55		to	1.85			(12.88	)	to	(13.15	)
	2021		24,294		23.8183	to		22.3507		552,576		5.18			1.55		to	1.85			0.06		to	(0.25	)
	2020		26,417		23.8047	to		22.4059		602,189		3.36			1.55		to	1.85			4.97		to	4.65
	2019		27,914		22.6775	to		21.4099		608,168		3.57			1.55		to	1.85			8.51		to	8.19
C69
	2023		16,315		9.5537	to		9.3108		155,740		2.84			1.65		to	1.85			3.97		to	3.76
	2022		15,267		9.1894	to		8.9738		140,187		2.00			1.65		to	1.85			(15.55	)	to	(15.72	)
	2021		15,440		10.8813	to		10.6476		167,888		1.88			1.65		to	1.85			(2.58	)	to	(2.78	)
	2020		18,341		11.1695	to		10.7389		204,680		2.64			1.65		to	2.05			3.36		to	2.94
	2019		19,685		10.8068	to		10.4323		211,695		2.83			1.65		to	2.05			4.98		to	4.56
C70
	2023		33,994		9.6202	to		8.5160		310,442		2.64			1.35		to	2.30			4.01		to	3.03
	2022		37,651		9.2490	to		8.2658		331,485		1.81			1.35		to	2.30			(15.48	)	to	(16.28	)
	2021		44,656		10.9424	to		9.8731		465,711		1.82			1.35		to	2.30			(2.53	)	to	(3.46	)
	2020		44,500		11.2267	to		10.2270		478,164		2.38			1.35		to	2.30			3.43		to	2.45
	2019		49,459		10.8540	to		9.9827		516,091		2.47			1.35		to	2.30			5.06		to	4.06
F97
	2023		5,359		29.4511	to		26.9575		146,560		1.77			1.65		to	2.05			8.57		to	8.13
	2022		5,440		27.1270	to		24.9301		137,558		1.73			1.65		to	2.05			(6.80	)	to	(7.18	)
	2021		5,558		29.1064	to		26.8572		151,403		1.67			1.65		to	2.05			22.56		to	22.06
	2020		5,739		23.7494	to		22.0026		128,069		1.65			1.65		to	2.05			4.68		to	4.26
	2019		6,077		22.6866	to		21.1032		129,870		1.81			1.65		to	2.05			25.02		to	24.51

- 39 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


		At December 31,									For the years ended December 31,
		Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
T20
	2023		20,240	$	23.9491	to	$	19.0467	$	441,295		3.27	%		1.35	%	to	2.30	%		19.14	%	to	18.01	%
	2022		25,884		20.1024	to		16.1406		475,345		3.01			1.35		to	2.30			(8.85	)	to	(9.71	)
	2021		29,273		22.0536	to		17.8773		592,101		1.82			1.35		to	2.30			2.76		to	1.78
	2020		31,090		21.4621	to		17.5649		614,654		3.55			1.35		to	2.30			(2.49	)	to	(3.42	)
	2019		33,094		22.0107	to		18.1876		674,344		1.69			1.35		to	2.30			11.01		to	9.96
F51
	2023		3,062		35.5674	to		34.1060		107,421		2.25			1.85		to	2.05			6.98		to	6.76
	2022		3,417		33.2480	to		31.9457		111,972		3.10			1.85		to	2.05			(8.52	)	to	(8.71	)
	2021		3,791		36.3461	to		34.9925		135,813		2.49			1.85		to	2.05			22.93		to	22.69
	2020		4,120		29.5655	to		28.2645		120,087		4.41			1.85		to	2.10			3.57		to	3.31
	2019		5,157		28.5466	to		27.3596		141,539		2.26			1.85		to	2.10			23.34		to	23.03
F54
	2023		7,576		28.3838	to		26.0967		210,069		1.90			1.65		to	2.05			11.60		to	11.15
	2022		7,975		25.4329	to		23.4778		198,273		1.85			1.65		to	2.05			(8.95	)	to	(9.32	)
	2021		8,393		27.9334	to		25.8901		229,342		2.90			1.65		to	2.05			17.21		to	16.74
	2020		8,865		23.8323	to		21.9784		206,892		2.69			1.65		to	2.10			(6.61	)	to	(7.04	)
	2019		13,081		25.5193	to		23.6419		323,259		1.86			1.65		to	2.10			20.56		to	20.01
V52
	2023		4,772		32.2643	to		31.5117		151,103		—			1.85		to	2.05			38.01		to	37.74
	2022		4,783		23.3775	to		22.8779		109,925		—			1.85		to	2.05			(32.56	)	to	(32.70	)
	2021		4,796		34.6650	to		33.9922		163,684		—			1.85		to	2.05			9.59		to	9.37
	2020		4,808		31.6318	to		31.0803		149,983		—			1.85		to	2.05			39.37		to	39.09
	2019		1,297		22.6958	to		22.3450		29,329		—			1.85		to	2.05			33.91		to	33.64
AC1
	2023		94		25.9415					2,438		—			1.85						15.70
	2022		101		22.4215					2,268		1.40			1.85						(20.01)
	2021		108		28.0289					3,040		1.05			1.85						3.66
	2020		115		27.0397	to		—		3,109		1.74			1.85		to	—			11.64		to	—
	2019		246		24.2212	to		—		5,963		0.68			1.85		to	—			25.87		to	—
M80
	2023		11,279		84.5765	to		59.7008		701,447		—			1.35		to	2.30			33.69		to	32.42
	2022		13,920		63.2628	to		45.0834		639,301		—			1.35		to	2.30			(32.72	)	to	(33.36	)
	2021		13,751		94.0330	to		67.6552		947,817		—			1.35		to	2.30			21.58		to	20.42
	2020		15,055		77.3436	to		56.1821		854,253		—			1.35		to	2.30			29.76		to	28.52
	2019		18,487		59.6048	to		43.7138		801,816		—			1.35		to	2.30			35.92		to	34.63

- 40 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


		At December 31,									For the years ended December 31,
		Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
M10
	2023		2,397	$	34.9316	to	$	33.4215	$	81,943		0.47	%		1.85	%	to	2.05	%		16.48	%	to	16.25	%
	2022		2,704		29.9887	to		28.7497		79,330		0.38			1.85		to	2.05			(18.22	)	to	(18.39	)
	2021		3,012		38.1764	to		35.2264		108,095		0.41			1.65		to	2.05			24.43		to	23.93
	2020		3,347		29.5315	to		28.4251		96,813		0.42			1.85		to	2.05			11.50		to	11.27
	2019		3,727		26.4859	to		25.5450		96,745		0.48			1.85		to	2.05			28.83		to	28.57
MB3
	2023		8,287		24.7711	to		23.8013		199,411		0.05			1.65		to	2.10			21.68		to	21.13
	2022		9,428		20.3582	to		19.6500		187,273		—			1.65		to	2.10			(20.77	)	to	(21.13	)
	2021		9,672		25.6953	to		24.9143		243,295		0.03			1.65		to	2.10			23.59		to	23.03
	2020		10,077		20.7905	to		20.2505		205,765		0.24			1.65		to	2.10			20.18		to	19.64
	2019		5,624		17.2991	to		16.9267		96,199		0.35			1.65		to	2.10			37.29		to	36.67
M42
	2023		131		48.5856					6,363		—			1.70						12.32
	2022		131		49.3912	to		43.2555		5,666		—			1.35		to	1.70			(30.94	)	to	(31.18	)
	2021		165		71.5161	to		62.8541		10,698		—			1.35		to	1.70			0.20		to	(0.15	)
	2020		166		71.3701	to		62.9485		10,718		—			1.35		to	1.70			43.62		to	43.11
	2019		166		49.6937	to		43.9857		7,501		—			1.35		to	1.70			39.37		to	38.88
M83
	2023		12,260		27.3676	to		24.5955		317,334		1.58			1.35		to	2.30			6.48		to	5.47
	2022		13,432		25.7014	to		23.3194		328,126		1.38			1.35		to	2.30			(7.17	)	to	(8.05	)
	2021		15,453		27.6872	to		25.3621		408,763		1.31			1.35		to	2.30			23.76		to	22.59
	2020		17,116		22.3709	to		20.6892		367,741		1.65			1.35		to	2.30			2.08		to	1.10
	2019		14,340		21.9157	to		20.4636		304,676		2.08			1.35		to	2.30			28.05		to	26.83
MG3
	2023		4,078		33.3395	to		29.7994		124,952		1.76			1.35		to	2.05			11.21		to	10.43
	2022		4,212		29.9781	to		26.9844		116,579		0.98			1.35		to	2.05			(10.01	)	to	(10.64	)
	2021		4,900		33.3134	to		30.1989		152,113		0.79			1.35		to	2.05			29.22		to	28.32
	2020		5,053		25.7794	to		23.3809		121,980		1.19			1.35		to	2.10			2.47		to	1.69
	2019		7,201		25.1590	to		22.9924		169,614		1.30			1.35		to	2.10			29.35		to	28.38
P06
	2023		18,673		16.2349	to		15.0867		283,169		2.99			1.35		to	1.70			2.28		to	1.92
	2022		18,949		15.8732	to		12.8176		281,879		6.67			1.35		to	2.30			(13.09	)	to	(13.92	)
	2021		20,031		18.2648	to		17.0934		344,070		4.94			1.35		to	1.70			4.19		to	3.82
	2020		20,422		17.5309	to		16.0260		337,826		1.43			1.35		to	1.85			10.21		to	9.65
	2019		21,509		15.9068	to		14.4918		323,815		1.66			1.35		to	1.90			6.99		to	6.39
P07
	2023		60,838		15.9361	to		12.9654		882,252		3.51			1.35		to	2.30			4.52		to	3.52
	2022		67,800		15.2475	to		12.5241		944,475		2.59			1.35		to	2.30			(15.46	)	to	(16.26	)
	2021		75,501		18.0359	to		14.9566		1,248,101		1.82			1.35		to	2.30			(2.60	)	to	(3.52	)
	2020		77,144		18.5167	to		15.5030		1,315,534		2.13			1.35		to	2.30			7.19		to	6.17
	2019		80,973		17.2740	to		14.6019		1,298,490		3.01			1.35		to	2.30			6.91		to	5.89

- 41 -

DELAWARE LIFE VARIABLE ACCOUNT F - ALL-STAR

(A Separate Account of Delaware Life Insurance Company)

10. FINANCIAL HIGHLIGHTS (CONTINUED)


		At December 31,									For the years ended December 31,
		Units		Unit Value⁴					Net Assets		Investment Income Ratio¹			Expense Ratio lowest to highest²						Total Return³
W39
	2023		510	$	46.3432	to	$	36.4857	$	21,293		0.32	%		1.55	%	to	2.05	%		15.15	%	to	14.57	%
	2022		526		40.2454	to		31.8446		19,134		1.04			1.55		to	2.05			(34.87	)	to	(35.20	)
	2021		1,137		61.7904	to		49.1394		62,613		0.55			1.55		to	2.05			16.97		to	16.39
	2020		1,208		52.8245	to		42.2214		56,864		2.04			1.55		to	2.05			12.59		to	12.02
	2019		1,265		46.9170	to		37.6897		52,845		0.83			1.55		to	2.05			27.98		to	27.34
W41⁶
	2022		11,390		39.1771	to		28.2101		349,924		—			1.35		to	2.05			(35.71	)	to	(36.16	)
	2021		11,957		60.9372	to		44.1900		575,440		—			1.35		to	2.05			4.41		to	3.67
	2020		12,928		58.3657	to		45.1893		598,032		0.74			1.35		to	2.10			24.94		to	24.00
	2019		14,764		46.7136	to		36.4436		545,635		0.07			1.35		to	2.10			27.56		to	26.60
W42
	2023		27,754		57.5359	to		39.9360		1,144,161		—			1.35		to	2.30			20.10		to	18.96
	2022		21,582		47.9061	to		33.5704		747,012		—			1.35		to	2.30			(34.36	)	to	(34.98	)
	2021		20,457		72.9816	to		51.6337		1,086,098		0.74			1.35		to	2.30			7.43		to	6.41
	2020		22,266		67.9322	to		48.5234		1,102,993		—			1.35		to	2.30			22.55		to	21.38
	2019		26,902		55.4314	to		39.9756		1,095,224		0.26			1.35		to	2.30			29.34		to	28.11

Represents the dividends, excluding distributions of capital gains, received by the Sub-Account from the underlying mutual fund, which are net of management fees assessed by the fund manager, divided by the average net assets. The ratio excludes those expenses, such as mortality and expense charges, that result in direct reductions in the unit values. The recognition of investment income by the Sub-Account is affected by the timing of the declaration of dividends by the underlying mutual fund in which the Sub-Accounts invest.

Ratio represents the contract expenses of the Sub-Account, consisting primarily of mortality and expense charges and distribution charges. The ratio includes only those expenses that result in a direct reduction to unit values. Charges made directly to contract owner accounts through the redemption of units and expenses of the underlying mutual fund are excluded.

Ratio represents the total return for the year indicated, including changes in the value of the underlying mutual fund. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in reduction in the total return presented. The total return is calculated for each period indicated or from the effective date through the end of the reporting period.using the unit value of the beginning period that corresponds to the lowest or highest ending period unit value disclosed. The total returns are presented as a range of maximum to minimum values based on the product grouping representing the corresponding lowest to highest expense ratio amounts.

⁴

These unit values are not a direct calculation of net asset over the number of units allocated to the Sub-Account. The unit values are presented as a range of maximum to minimum values based on the product grouping representing the corresponding lowest to highest expense ratio amounts. Some unit values may be outside of the range due to timing of the related Sub-Account level’s commencement date. Unit values of product pricing levels with zero units during the period are excluded when determining the range.

⁵	Columbia Variable Portfolio - Asset Allocation Fund Class 2 Sub-Account (C55) merged into Sub-Account C75 on April 24, 2020.

⁶	Sub-Account W41 merged into Sub-Account W42 on April 21, 2023.

- 42 -

Delaware Life Variable Account F - Futurity

Financial Statements as of and for the Year Ended December 31, 2023 and

Report of Independent Registered Public Accounting Firm

DELAWARE LIFE VARIABLE ACCOUNT F - FUTURITY

(A Separate Account of Delaware Life Insurance Company)

Index

December 31, 2023


			Page(s)

Report of Independent Registered Public Accounting Firm			1-3

Financial Statements

Statement of Assets and Liabilities			4-6

Statements of Operations			7-26

Statements of Changes in Net Assets			27-55

Notes to the Financial Statements			56-75

Report of Independent Registered Public Accounting Firm

To the Board of Directors of Delaware Life Insurance Company and the Contract Owners of Delaware Life Variable Account F - Futurity:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of the Sub-Accounts listed in the Appendix that comprise Delaware Life Variable Account F - Futurity (the Separate Account), as of December 31, 2023, the related statements of operations and changes in net assets for the periods indicated in the Appendix, and the related notes (collectively, the financial statements) and the financial highlights for each of the years or periods in the three-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Sub-Accounts as of December 31, 2023, the results of their operations and changes in their net assets for the periods indicated in the Appendix, and the financial highlights for each of the years or periods in the three-year period then ended, in conformity with U.S. generally accepted accounting principles. The financial highlights for each of the years or periods ended on or prior to December 31, 2020 were audited by other independent registered public accountants whose report, dated April 28, 2021, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

/s/ KPMG LLP

We have served as the auditor of Delaware Life Insurance Company’s Separate Accounts since 2021.

Hartford, Connecticut

April 23, 2024

- 1 -

Appendix

AB VPS Sustainable Global Thematic Portfolio (Class B) Sub-Account (A70) (1)

AB VPS Relative Value Portfolio (Class B) Sub-Account (A71) (1)(2)

AB VPS Sustainable International Thematic Portfolio (Class B) Sub-Account (AM2) (1)

AB VPS Small Cap Growth Portfolio (Class B) Sub-Account (A19) (1)

Alger Growth & Income Portfolio I-2 Sub-Account (A55) (1)

Alger Small Cap Growth Portfolio I-2 Sub-Account (A51) (1)

ClearBridge Variable Dividend Strategy Portfolio Class I Sub-Account (C53) (1)

ClearBridge Variable Large Cap Value Portfolio Class I Sub-Account (L13) (1)

Fidelity VIP Contrafund Portfolio (Service Class 2) Sub-Account (F24) (1)

Fidelity VIP Growth Portfolio (Service Class 2) Sub-Account (F99) (1)

Fidelity VIP Overseas Portfolio (Service Class 2) Sub-Account (F91) (1)

First Eagle Overseas Variable Fund Sub-Account (FE3) (1)

Franklin Templeton Foreign VIP Fund Class 2 Sub-Account (T20) (1)

Franklin Templeton Growth VIP Fund Class 2 Sub-Account (F56) (1)

Goldman Sachs VIT Large Cap Value Fund I Class Sub-Account (G30) (1)

Goldman Sachs VIT Small Cap Equity Insights Fund I Class Sub-Account (521) (1)

Goldman Sachs VIT Strategic Growth Fund I Class Sub-Account (520) (1)

Goldman Sachs International Equity Insights Fund I Class Sub-Account (G33) (1)

Goldman Sachs VIT U.S Equity Insights Fund I Class Sub-Account (G31) (1)

Invesco V.I. Discovery Mid Cap Growth Fund, Series I Sub-Account (O00) (1)

Invesco V.I. American Franchise Fund Series I Sub-Account (V15) (1)

Invesco V.I. American Franchise Fund Series II Sub-Account (V52) (1)

Invesco V.I. Core Equity Fund I Sub-Account (A39) (1)

Invesco V.I. Core Equity Fund II Sub-Account (AC3) (1)

Invesco V.I. EQV International Equity Fund Series I Sub-Account (A21) (1)

Invesco V.I. EQV International Equity Fund Series II Sub-Account (AC1) (1)

Invesco V.I. Small Cap Equity Fund I Sub-Account (I76) (1)

LVIP JPMorgan Small Cap Core Fund Standard Class Sub-Account (J43) (1)(3)

LVIP JPMorgan U.S. Equity Fund Standard Class Sub-Account (J32) (1)(4)

- 2 -

MFS U.S. Government Money Market Portfolio Initial Class Sub-Account (MD8) (1)

MFS VIT Total Return Series Initial Class Sub-Account (M07) (1)

MFS VIT Total Return Series Service Class Sub-Account (M35) (1)

MFS VIT I Growth Series Initial Class Sub-Account (M31) (1)

MFS VIT I Growth Series Service Class Sub-Account (M80) (1)

MFS VIT I Mid Cap Growth Series Initial Class Sub-Account (MF1) (1)

MFS VIT I New Discovery Series Initial Class Sub-Account (M05) (1)

MFS VIT I New Discovery Series Service Class Sub-Account (M42) (1)

MFS VIT I Total Return Bond Series Initial Class Sub-Account (M06) (1)

MFS VIT I Research Series Initial Class Sub-Account (M33) (1)