VOYA RETIREMENT INSURANCE & ANNUITY CO financial statements (2023 and earlier)

Company profile

Business Address ONE ORANGE WAY
WINDSOR, CT 06095-4774
State of Incorp. CT
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments577493592484313594661
Cash and cash equivalents436360512364288561661
Short-term investments141133801202533 
Receivables4,2224,627     
Total current assets:4,7995,120592484313594661
Noncurrent Assets
Property, plant and equipment72636062646871
Long-term investments and receivables980815738583411348299
Long-term investments980815738583411348299
Total noncurrent assets:1,052878798645475416370
Other undisclosed assets130,787120,650114,831101,587107,18495,63689,739
TOTAL ASSETS:136,638126,648116,221102,716107,97296,64590,770
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42      
Taxes payable42      
Total current liabilities:42      
Noncurrent Liabilities
Liabilities, other than long-term debt227      
Deferred income tax liabilities227  
Total noncurrent liabilities:227      
Other undisclosed liabilities131,339121,751111,77899,394104,39193,26987,401
Total liabilities:131,608121,751111,77899,394104,39193,26987,401
Stockholders' equity
Stockholders' equity attributable to parent5,0304,8974,4433,3223,5813,3763,369
Common stock3333333
Additional paid in capital3,1912,8732,8732,7282,7302,9943,273
Accumulated other comprehensive income1,4231,8821,292108818560387
Retained earnings (accumulated deficit)41313927548330(180)(293)
Total stockholders' equity:5,0304,8974,4433,3223,5813,3763,369
TOTAL LIABILITIES AND EQUITY:136,638126,648116,221102,716107,97296,64590,770

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8182,4862,4692,1992,2513,0562,783
Insurance commissions and fees1,088905877695
Premiums earned, net(2,425)323141
Net investment income1,9491,8581,6891,6231,5201,5011,410
Realized investment gains (losses)166(310)(144)(242)(200)(213)(277)
Financial services revenue9311,7701,652
Cost of revenue (54)(35)(66)(100)(58)(62)
Deferred policy acquisition costs, amortization expense (54)(35)(66)(100)(58) 
Amortization of value of business acquired (voba)      (62)
Gross profit:8182,4322,4342,1332,1512,9982,721
Operating expenses(1,213)(1,090)(1,056)(647)(801)(816)(773)
Operating income (loss):(395)1,3421,3781,4861,3502,1831,949
Nonoperating income
(Investment Income, Nonoperating)
2,096      
Interest and debt expense (1)(1)    
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,189)(1,045)(917)(1,261)(2,048)(1,723)
Income from continuing operations before equity method investments, income taxes:1,70115233256989134226
Other undisclosed loss from continuing operations before income taxes(712)      
Income from continuing operations before income taxes:98915233256989134226
Income tax expense (benefit)(163)14(32)(74)121(21)(53)
Net income available to common stockholders, diluted:826166300495210113173

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:826166300495210113173
Other comprehensive income (loss)(455)(168)(282)194186156242
Comprehensive income (loss):371(2)18689396269415
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)7581,329(892)7317(696)
Comprehensive income (loss), net of tax, attributable to parent:3677561,347(203)469286(282)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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