XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Short-term investments under securities loan agreements, including collateral delivered $ 1,014.0 $ 1,015.0
Accrued investment income 421.0 411.0
Premium receivable and reinsurance recoverable (net of allowance for credit losses of $22 and $28 as of 2024 and 2023, respectively) 11,828.0 11,982.0
Deferred policy acquisition costs and Value of business acquired 2,222.0 2,250.0
Deferred income taxes 2,178.0 2,160.0
Goodwill 748.0 748.0
Other intangibles, net 861.0 857.0
Assets held in separate accounts 98,636.0 93,133.0
Total assets 161,631.0 157,085.0
Liabilities:    
Future policy benefits 9,427.0 9,560.0
Contract owner account balances 38,442.0 39,174.0
Payables under securities loan and repurchase agreements, including collateral held 1,220.0 1,121.0
Short-term debt 393.0 1.0
Long-term debt 1,707.0 2,097.0
Derivatives 332.0 371.0
Liabilities related to separate accounts 98,636.0 93,133.0
Total liabilities 155,760.0 151,032.0
Commitments and Contingencies (Note 17)
Mezzanine equity:    
Redeemable noncontrolling interest 174.0 175.0
Shareholders' equity:    
Preferred stock ($0.01 par value per share; $625 aggregate liquidation preference as of 2024 and 2023) 0.0 0.0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 104,950,844 and 103,584,699 shares issued as of 2024 and 2023, respectively; 101,291,480 and 102,854,569 shares outstanding as of 2024 and 2023, respectively) 1.0 1.0
Treasury stock (at cost; 3,659,364 and 730,130 shares as of 2024 and 2023, respectively) (263.0) (56.0)
Additional paid-in capital 6,187.0 6,143.0
Accumulated other comprehensive income (loss) (2,469.0) (2,400.0)
Retained earnings (deficit):    
Unappropriated 697.0 505.0
Total Voya Financial, Inc. shareholders' equity 4,153.0 4,193.0
Noncontrolling interest 1,544.0 1,685.0
Total shareholders' equity 5,697.0 5,878.0
Total liabilities, mezzanine equity and shareholders' equity 161,631.0 157,085.0
Excluding consolidated VIEs    
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $26,979 and $27,690 as of 2024 and 2023, respectively; net of allowance for credit losses of $22 and $17 as of 2024 and 2023, respectively) 24,561.0 25,375.0
Fixed maturities, at fair value using the fair value option 1,913.0 2,076.0
Equity securities, at fair value 219.0 236.0
Short-term investments 176.0 213.0
Mortgage loans on real estate (net of allowance for credit losses of $26 as of 2024 and 2023) 5,092.0 5,192.0
Policy loans 349.0 352.0
Limited partnerships/corporations 1,708.0 1,621.0
Derivatives 378.0 311.0
Other investments 64.0 64.0
Securities pledged (amortized cost of $1,330 and $1,232 as of 2024 and 2023, respectively) 1,227.0 1,160.0
Total investments 35,687.0 36,600.0
Cash and cash equivalents 995.0 937.0
Other assets 2,418.0 2,372.0
Corporate loans, at fair value using the fair value option 5,092.0 5,192.0
Liabilities:    
Other liabilities 2,866.0 2,956.0
VIEs    
Investments:    
Mortgage loans on real estate (net of allowance for credit losses of $26 as of 2024 and 2023) 1,500.0 1,404.0
Limited partnerships/corporations 2,881.0 2,861.0
Cash and cash equivalents 181.0 181.0
Other assets 61.0 174.0
Corporate loans, at fair value using the fair value option 1,500.0 1,404.0
Liabilities:    
Other liabilities 1,369.0 1,287.0
Collateralized loan obligations notes, at fair value using the fair value option $ 1,368.0 $ 1,332.0