X0101 N-CEN LIVE 0000810016 XXXXXXXX 811-05017 false false false N-1A true Ivy Variable Insurance Portfolios 811-05017 0000810016 72XHPUAYSOH6ROSGJT53 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201-9217 US-KS US 18007776472 WI Services Company 6300 Lamar Avenue P.O. Box 29217 Shawnee MIssion 66201-9217 18007776472 WI Services Company acts as the agent in providing bookkeeping and accounting services and assistance to the Trust, including maintenance of Portfolio records, pricing of Portfolio shares and preparation of certain shareholder reports. Y N N-1A 29 Y Edward M. Tighe N/A N Jarold W. Boettcher N/A N James M. Concannon N/A N Henry J. Hermann N/A Y James D. Gressett N/A N Michael G. Smith N/A N Joseph Harroz, Jr. N/A N Frank Ross, Jr. N/A N Glendon E. Johnson, Jr. N/A N Scott Schneider 002456000 6300 Lamar Avenue P.O. Box 29217 Shawnee Mission 66201-9217 XXXXXX N N N N N Ivy Distributors, Inc. 008-34046 000016496 N/A Y N Deloitte and Touche LLP 34 N/A N N N N N N Government Money Market S000006229 ELDJ4B31K84MRGNM4E77 Y 1 0 0 Money Market Fund Underlying fund N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 17a-8 (17 CFR 270.17a-8) N N N N Ivy Investment Management Company 812-14516 000123381 N/A N WI Services Company 084-01062 N/A Y Y N Thompson Reuters N/A N/A N ICE Data Services N/A N/A N IHS Markit N/A N/A N Bloomberg N/A N/A N N The Bank Of New York Mellon N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Euroclear Bank N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon N/A N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors Inc 008-34046 SEC File Number Y Y N 0.00000000 Goldman Sachs and Co. LLC 8-00129 000000361 N/A 15100000.00000000 R.W. 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N/A IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken N/A FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Seb Pank As N/A EE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon Sa/Nv N/A DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon Sa/Nv N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hsbc Ltd. N/A TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken N/A NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken N/A SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of Tokyo Mitsubishi Ufj Ltd. N/A JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Ag N/A IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank (Malaysia) Berhad N/A MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hsbc Ltd. 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LLC 8-00129 000000361 N/A 116925455.60000000 Waddell and Reed, Inc. 8-27030 000000866 N/A 26591598.34000000 Toyota Financial Services Securities USA Corp. 8-66961 000135978 N/A 112651000.00000000 BNY Brokerage, Inc. 8-46838 000035693 N/A 23402666.87000000 Credit Suisse 8-00422 000000816 N/A 48504654.90000000 Suntrust Robinson Humphrey, Inc. 8-17212 000006271 N/A 29226315.55000000 Citigroup Global Markets Inc. 8-08177 000007059 N/A 210241055.61000000 J.P. Morgan Securities Inc. 8-35008 000000079 N/A 87006763.50000000 Wells Fargo Securities, LLC 8-65876 000126292 N/A 413710905.49000000 Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 583956576.07000000 1733799580.21000000 Y 398493461.99000000 N N N N Value S000006236 AWONQDLF30HQ3RDWG969 Y 1 0 0 Underlying fund N N Y N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 17a-8 (17 CFR 270.17a-8) N N N N Ivy Investment Management Company 812-14516 000123381 N/A N WI Services Company 084-01062 N/A Y Y N Bloomberg N/A N/A N IHS Markit N/A N/A N Thompson Reuters N/A N/A N ICE Data Services N/A N/A N N The Bank Of New York Mellon N/A N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Cibc Mellon Trust Company N/A CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Bank N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors Inc 008-34046 SEC File Number Y Y N J.P. Morgan Securities Inc. 8-35008 000000079 N/A 49334.00000000 Sanford C. Bernstein & Co., Inc. 8-52942 000104474 N/A 29121.00000000 Deutsche Banc Alex. Brown Inc. 8-17822 000002525 N/A 23432.00000000 UBS Securities LLC 8-22651 000007654 N/A 24802.00000000 Citigroup Global Markets Inc. 8-08177 000007059 N/A 20496.00000000 Jefferies & Company, Inc. 8-15074 000002347 N/A 20718.00000000 Credit Suisse 8-00422 000000816 N/A 15160.00000000 Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 30997.00000000 Cowen and Company, LLC 8-22522 000007616 N/A 29386.00000000 William Blair and Co. 8-02698 000001252 N/A 14900.00000000 382800.00000000 Credit Suisse 8-00422 000000816 N/A 34247895.21000000 Waddell and Reed, Inc. 8-27030 000000866 N/A 38790837.30000000 J.P. Morgan Securities Inc. 8-35008 000000079 N/A 104314942.92000000 Mizuho Securities USA Inc. 8-37710 000019647 N/A 50125427.02000000 Citigroup Global Markets Inc. 8-08177 000007059 N/A 158766486.07000000 Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 385199577.61000000 Toyota Financial Services Securities USA Corp. 8-66961 000135978 N/A 109775000.00000000 Suntrust Robinson Humphrey, Inc. 8-17212 000006271 N/A 45656633.21000000 Wells Fargo Securities, LLC 8-65876 000126292 N/A 287488152.82000000 Goldman Sachs and Co. LLC 8-00129 000000361 N/A 108285281.01000000 1396131054.24000000 Y 475730887.38 N N N N Global Bond S000029765 549300PXXX3SI0F6P964 Y 1 0 0 Underlying fund N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N N/A 56410.57000000 346.07000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 17a-8 (17 CFR 270.17a-8) Y Y N N Ivy Investment Management Company 812-14516 000123381 N/A N WI Services Company 084-01062 N/A Y Y N Bloomberg N/A N/A N IHS Markit N/A N/A N ICE Data Services N/A N/A N Thompson Reuters N/A N/A N N The Bank Of New York Mellon N/A N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Dbs Bank Ltd. N/A SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hsbc New Zealand N/A NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken N/A SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon N/A GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Skandinaviska Enskilda Banken N/A NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Unicredit Bank Austria Ag N/A AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Ag N/A IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional De Mexico S.A. (Banamex S.A.) N/A MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hsbc Ltd. 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LLC 8-00129 000000361 N/A 973143.34000000 Wells Fargo Securities, LLC 8-65876 000126292 N/A 1209089.02000000 Keybanc Capital Markets Inc. 8-30177 000000566 N/A 635044.15000000 Merrill Lynch, Pierce, Fenner, and Smith Inc. 8-07221 000007691 N/A 3824752.63000000 36308885.12000000 Y 22151056.36 N N N N Small Cap Core S000006234 ZRJY0CYFDPH4SGPRYA91 Y 1 0 0 Underlying fund N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N N/A 2094733.34000000 7113.53000000 Rule 17a-8 (17 CFR 270.17a-8) Rule 17a-7 (17 CFR 270.17a-7) Rule 32a-4 (17 CFR 270.32a-4) N N N N Ivy Investment Management Company 812-14516 000123381 N/A N WI Services Company 084-01062 N/A Y Y N ICE Data Services N/A N/A N Bloomberg N/A N/A N IHS Markit N/A N/A N Thompson Reuters N/A N/A N N Dbs Bank Ltd. 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N/A JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Hsbc Bank (China) Company Limited N/A CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Bank Of New York Mellon N/A N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N WI Services Company 084-01062 SEC File Number Y Y N Ivy Distributors Inc 008-34046 SEC File Number Y Y N Stifel, Nicolaus & Company, Inc. 8-01447 000000793 N/A 30362.00000000 RBC Capital Markets 8-45411 000031194 N/A 21982.59000000 Jefferies & Company, Inc. 8-15074 000002347 N/A 18532.60000000 Credit Suisse 8-00422 000000816 N/A 62884.40000000 UBS Securities LLC 8-22651 000007654 N/A 50650.94000000 Sanford C. Bernstein & Co., Inc. 8-52942 000104474 N/A 36257.71000000 Evercore Group LLC 8-49830 000042405 N/A 70124.96000000 Cowen Execution Services LLC 8-46838 000035693 N/A 56629.00000000 Cowen and Company, LLC 8-22522 000007616 N/A 34930.48000000 Deutsche Banc Alex. 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