XML 114 R102.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Investments:            
Fixed maturities, available-for-sale, at fair value $ 40,938.0   $ 39,663.0      
Fixed maturities, at fair value using the fair value option 3,098.0   2,707.0      
Equity securities, at fair value 225.0   196.0      
Short-term investments 73.0   68.0      
Mortgage loans on real estate, net of valuation allowance 6,904.0   6,878.0      
Less: Allowance for credit losses 74.0   0.0      
Mortgage loans on real estate, net 6,830.0   6,878.0      
Policy loans 746.0   776.0      
Limited partnerships/corporations 1,376.0   1,290.0      
Derivatives 809.0   316.0      
Investments in subsidiaries 0.0   0.0      
Other investments 319.0   385.0      
Total investments 55,536.0   53,687.0      
Cash and cash equivalents 1,110.0   1,181.0 $ 1,178.0    
Short-term investments under securities loan agreements, including collateral delivered 1,659.0   1,395.0      
Accrued investment income 507.0   505.0      
Premium receivable and reinsurance recoverable 3,791.0   3,732.0      
Less: Allowance for credit losses on reinsurance recoverable 24.0   0.0      
Premium receivable and reinsurance recoverable 3,767.0   3,732.0      
Deferred policy acquisition costs and Value of business acquired 1,967.0   2,226.0 2,418.0   $ 2,973.0
Deferred income taxes 1,326.0   1,458.0      
Loans to subsidiaries and affiliates 0.0   0.0      
Due from subsidiaries and affiliates 0.0   0.0      
Other assets 836.0   902.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 78,521.0   81,670.0      
Assets held for sale 19,923.0   20,069.0      
Total assets 166,934.0   169,051.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 9,984.0   9,945.0      
Contract owner account balances 41,674.0   40,923.0      
Payables under securities loan and repurchase agreements, including collateral held 1,608.0   1,373.0      
Short-term debt 1.0   1.0      
Long-term debt 3,043.0   3,042.0      
Derivatives 950.0   403.0      
Pension and other postretirement provisions 431.0   468.0      
Current income taxes 145.0   27.0      
Due to subsidiaries and affiliates 0.0   0.0      
Other liabilities 1,380.0   1,345.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 268.0   474.0      
Other liabilities 606.0   652.0      
Liabilities related to separate accounts 78,521.0   81,670.0      
Liabilities held for sale 18,034.0   18,498.0      
Total liabilities 156,645.0   158,821.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 9,548.0   9,408.0      
Noncontrolling interest 741.0   822.0      
Total shareholders' equity 10,289.0 $ 8,265.0 10,230.0 10,740.0 $ 9,806.0 $ 8,941.0
Total liabilities and shareholders' equity 166,934.0   169,051.0      
Consolidating Adjustments            
Investments:            
Fixed maturities, available-for-sale, at fair value (15.0)   (15.0)      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 0.0   0.0      
Derivatives 0.0   0.0      
Investments in subsidiaries (20,029.0)   (19,496.0)      
Other investments 0.0   0.0      
Total investments (20,044.0)   (19,511.0)      
Cash and cash equivalents 0.0   0.0 0.0    
Short-term investments under securities loan agreements, including collateral delivered 0.0   0.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 0.0   0.0      
Loans to subsidiaries and affiliates (500.0)   (233.0)      
Due from subsidiaries and affiliates (7.0)   (8.0)      
Other assets 0.0   0.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets (20,551.0)   (19,752.0)      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 0.0   0.0      
Short-term debt (500.0)   (233.0)      
Long-term debt (15.0)   (15.0)      
Derivatives 0.0   0.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes 0.0   0.0      
Due to subsidiaries and affiliates (5.0)   (6.0)      
Other liabilities (2.0)   (2.0)      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities (522.0)   (256.0)      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity (20,029.0)   (19,496.0)      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity (20,029.0)   (19,496.0)      
Total liabilities and shareholders' equity (20,551.0)   (19,752.0)      
Parent Issuer            
Investments:            
Fixed maturities, available-for-sale, at fair value 5.0   5.0      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 4.0   4.0      
Derivatives 48.0   49.0      
Investments in subsidiaries 11,334.0   11,003.0      
Other investments 0.0   0.0      
Total investments 11,391.0   11,061.0      
Cash and cash equivalents 243.0   212.0 452.0    
Short-term investments under securities loan agreements, including collateral delivered 11.0   11.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 830.0   816.0      
Loans to subsidiaries and affiliates 246.0   164.0      
Due from subsidiaries and affiliates 4.0   2.0      
Other assets 5.0   7.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets 12,730.0   12,273.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 23.0   0.0      
Short-term debt 254.0   69.0      
Long-term debt 2,670.0   2,669.0      
Derivatives 48.0   50.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes 144.0   28.0      
Due to subsidiaries and affiliates 1.0   4.0      
Other liabilities 42.0   45.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities 3,182.0   2,865.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 9,548.0   9,408.0      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity 9,548.0   9,408.0      
Total liabilities and shareholders' equity 12,730.0   12,273.0      
Subsidiary Guarantor            
Investments:            
Fixed maturities, available-for-sale, at fair value 0.0   0.0      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 0.0   0.0      
Derivatives 0.0   0.0      
Investments in subsidiaries 8,695.0   8,493.0      
Other investments 0.0   0.0      
Total investments 8,695.0   8,493.0      
Cash and cash equivalents 0.0   0.0 0.0    
Short-term investments under securities loan agreements, including collateral delivered 0.0   0.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 44.0   39.0      
Loans to subsidiaries and affiliates 0.0   0.0      
Due from subsidiaries and affiliates 0.0   0.0      
Other assets 0.0   0.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets 8,739.0   8,532.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 0.0   0.0      
Short-term debt 51.0   87.0      
Long-term debt 371.0   371.0      
Derivatives 0.0   0.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes (18.0)   (17.0)      
Due to subsidiaries and affiliates 0.0   0.0      
Other liabilities 11.0   10.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities 415.0   451.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 8,324.0   8,081.0      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity 8,324.0   8,081.0      
Total liabilities and shareholders' equity 8,739.0   8,532.0      
Non-Guarantor Subsidiaries            
Investments:            
Fixed maturities, available-for-sale, at fair value 40,948.0   39,673.0      
Fixed maturities, at fair value using the fair value option 3,098.0   2,707.0      
Equity securities, at fair value 225.0   196.0      
Short-term investments 73.0   68.0      
Mortgage loans on real estate, net of valuation allowance 6,904.0   6,878.0      
Less: Allowance for credit losses 74.0   0.0      
Mortgage loans on real estate, net 6,830.0   6,878.0      
Policy loans 746.0   776.0      
Limited partnerships/corporations 1,372.0   1,286.0      
Derivatives 761.0   267.0      
Investments in subsidiaries 0.0   0.0      
Other investments 319.0   385.0      
Total investments 55,494.0   53,644.0      
Cash and cash equivalents 867.0   969.0 $ 726.0    
Short-term investments under securities loan agreements, including collateral delivered 1,648.0   1,384.0      
Accrued investment income 507.0   505.0      
Premium receivable and reinsurance recoverable 3,791.0   3,732.0      
Less: Allowance for credit losses on reinsurance recoverable 24.0   0.0      
Premium receivable and reinsurance recoverable 3,767.0   3,732.0      
Deferred policy acquisition costs and Value of business acquired 1,967.0   2,226.0      
Deferred income taxes 452.0   603.0      
Loans to subsidiaries and affiliates 254.0   69.0      
Due from subsidiaries and affiliates 3.0   6.0      
Other assets 831.0   895.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 78,521.0   81,670.0      
Assets held for sale 19,923.0   20,069.0      
Total assets 166,016.0   167,998.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 9,984.0   9,945.0      
Contract owner account balances 41,674.0   40,923.0      
Payables under securities loan and repurchase agreements, including collateral held 1,585.0   1,373.0      
Short-term debt 196.0   78.0      
Long-term debt 17.0   17.0      
Derivatives 902.0   353.0      
Pension and other postretirement provisions 431.0   468.0      
Current income taxes 19.0   16.0      
Due to subsidiaries and affiliates 4.0   2.0      
Other liabilities 1,329.0   1,292.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 268.0   474.0      
Other liabilities 606.0   652.0      
Liabilities related to separate accounts 78,521.0   81,670.0      
Liabilities held for sale 18,034.0   18,498.0      
Total liabilities 153,570.0   155,761.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 11,705.0   11,415.0      
Noncontrolling interest 741.0   822.0      
Total shareholders' equity 12,446.0   12,237.0      
Total liabilities and shareholders' equity 166,016.0   167,998.0      
Limited partnerships/corporations, at fair value            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 1,459.0   1,632.0      
Limited partnerships/corporations, at fair value | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 1,459.0   1,632.0      
Cash and cash equivalents            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 39.0   68.0      
Cash and cash equivalents | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 39.0   68.0      
Corporate loans, at fair value using the fair value option            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 274.0   513.0      
Corporate loans, at fair value using the fair value option | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 274.0   513.0      
Other assets            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 10.0   13.0      
Other assets | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 10.0   13.0      
Collateral Pledged            
Investments:            
Securities pledged 1,122.0   1,408.0      
Collateral Pledged | Consolidating Adjustments            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Parent Issuer            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Subsidiary Guarantor            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Non-Guarantor Subsidiaries            
Investments:            
Securities pledged $ 1,122.0   $ 1,408.0