Voya Financial Inc. (VOYA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
230 PARK AVENUE NEW YORK, NY 10169 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37 | 38 | 1,785 | 1,902 | 1,493 | 2,108 | |||
| Cash and cash equivalents | 1,402 | 1,502 | 1,181 | 1,538 | |||||
| Short-term investments | 37 | 38 | 383 | 400 | 312 | 570 | |||
| Receivables | 11 | (17) | 5,612 | 6,741 | |||||
| Disposal group, including discontinued operation | 20,703 | 20,069 | |||||||
| Total current assets: | 48 | 21 | 7,397 | 29,346 | 21,562 | 2,108 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 1,739 | 1,476 | 1,290 | 1,158 | |||||
| Long-term investments | 1,739 | 1,476 | 1,290 | 1,158 | |||||
| Intangible assets, net (including goodwill) | 2,462 | 1,589 | 169 | 124 | 135 | 169 | |||
| Goodwill | 748 | 327 | 72 | 48 | 48 | 48 | |||
| Intangible assets, net (excluding goodwill) | 1,714 | 1,262 | 97 | 76 | 87 | 121 | |||
| Deferred income tax assets | 2,160 | 1,924 | 986 | 1,186 | 1,458 | ✕ | |||
| Total noncurrent assets: | 4,622 | 3,513 | 2,894 | 2,786 | 2,883 | 1,327 | |||
| Other undisclosed assets | 152,415 | 144,118 | 160,971 | 148,386 | 144,606 | 151,247 | |||
| TOTAL ASSETS: | 157,085 | 147,652 | 171,262 | 180,518 | 169,051 | 154,682 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2 | 282 | 2 | 2 | 67 | 1 | |||
| Total current liabilities: | 2 | 282 | 2 | 2 | 67 | 1 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,097 | 2,094 | 2,595 | 3,044 | 3,042 | 3,136 | |||
| Long-term debt, excluding current maturities | 2,097 | 2,094 | 2,595 | 3,044 | 3,042 | 3,136 | |||
| Liabilities, other than long-term debt | 302 | 275 | 318 | 350 | 314 | 278 | |||
| Deferred compensation liability, classified | 302 | 275 | 318 | 350 | 314 | 278 | |||
| Total noncurrent liabilities: | 2,399 | 2,369 | 2,913 | 3,394 | 3,356 | 3,414 | |||
| Other undisclosed liabilities | 148,631 | 138,884 | 158,526 | 165,944 | 155,398 | 142,326 | |||
| Total liabilities: | 151,032 | 141,535 | 161,441 | 169,340 | 158,821 | 145,741 | |||
| Temporary equity, carrying amount | 175 | 166 | |||||||
| Equity | |||||||||
| Equity, attributable to parent | 4,193 | 4,469 | 8,253 | 10,110 | 9,408 | 8,213 | |||
| Common stock | 1 | 1 | 1 | 2 | 2 | 3 | |||
| Treasury stock, value | (56) | (39) | (80) | (1,016) | (460) | (4,981) | |||
| Additional paid in capital | 6,143 | 6,643 | 7,542 | 11,183 | 11,184 | 24,316 | |||
| Accumulated other comprehensive income (loss) | (2,400) | (1,794) | 2,100 | 4,898 | 3,331 | 607 | |||
| Retained earnings (accumulated deficit) | 505 | (342) | (1,310) | (4,957) | (4,649) | (11,732) | |||
| Equity, attributable to noncontrolling interest | 1,685 | 1,482 | 1,568 | 1,068 | 822 | 728 | |||
| Total equity: | 5,878 | 5,951 | 9,821 | 11,178 | 10,230 | 8,941 | |||
| TOTAL LIABILITIES AND EQUITY: | 157,085 | 147,652 | 171,262 | 180,518 | 169,051 | 154,682 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 7,348 | 5,922 | 4,230 | 7,649 | 7,476 | 8,514 | ||
| Insurance commissions and fees | 1,916 | 1,731 | 1,827 | 2,026 | 1,969 | 2,708 | ||
| Premiums earned, net | 2,717 | 2,425 | (3,354) | 2,416 | 2,273 | 2,159 | ||
| Net investment income | 2,159 | 2,281 | 2,774 | 2,909 | 2,792 | 3,307 | ||
| Realized investment gains (losses) | (72) | (685) | 1,423 | (365) | (166) | (399) | ||
| Cost of revenue | (3,036) | (2,760) | (4,453) | (3,750) | (4,575) | |||
| Policyholder benefits and claims incurred, net | (1,960) | (1,608) | (2,954) | (2,583) | (3,045) | |||
| Policyholder account balance, interest expense | (1,076) | (965) | (1,147) | (1,167) | (1,530) | |||
| Gross profit: | 4,312 | 3,162 | 4,230 | 3,196 | 3,726 | 3,939 | ||
| Operating expenses | (3,096) | (2,542) | (2,586) | (2,654) | (2,746) | (2,691) | ||
| Other operating expense, net (Other Expenses) | (4) | (7) | (8) | |||||
| Operating income: | 1,216 | 620 | 1,644 | 538 | 973 | 1,240 | ||
| Nonoperating income (Investment Income, Nonoperating) | 2,254 | 3,090 | 2,939 | |||||
| Interest and debt expense | (298) | (183) | (255) | (186) | (176) | (221) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (2,939) | (237) | (409) | |||||
| Income from continuing operations before equity method investments, income taxes: | 918 | 2,691 | 4,479 | 352 | 560 | 610 | ||
| Other undisclosed loss from continuing operations before income taxes | (240) | (2,263) | (1,702) | |||||
| Income from continuing operations before income taxes: | 678 | 428 | 2,777 | 352 | 560 | 610 | ||
| Income tax expense (benefit) | 51 | 5 | 98 | 18 | 205 | (55) | ||
| Income from continuing operations: | 729 | 433 | 2,875 | 370 | 765 | 555 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,887 | (49) | (301) | 1,012 | |
| Income (loss) from discontinued operations | 12 | (419) | (1,066) | 457 | ||||
| Net income (loss): | 729 | 433 | 2,887 | (49) | (301) | 1,012 | ||
| Net income (loss) attributable to noncontrolling interest | (104) | 77 | (761) | (157) | (50) | (137) | ||
| Net income (loss) attributable to parent: | 625 | 510 | 2,126 | (206) | (351) | 875 | ||
| Preferred stock dividends and other adjustments | (36) | (36) | (36) | (36) | (28) | |||
| Net income (loss) available to common stockholders, diluted: | 589 | 474 | 2,090 | (242) | (379) | 875 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 729 | 433 | 2,887 | (49) | (301) | 1,012 | ||
| Other comprehensive income (loss) | 655 | (3,894) | (2,798) | 1,567 | 2,381 | (2,096) | ||
| Comprehensive income (loss): | 1,384 | (3,461) | 89 | 1,518 | 2,080 | (1,084) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (104) | 77 | (761) | (157) | (50) | (137) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 1,280 | (3,384) | (672) | 1,361 | 2,030 | (1,221) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.