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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39403834431,345
Cash and cash equivalents      1,011
Short-term investments3940383443334
Receivables(28)(18)(17)(3)(4)5,521
Total current assets:11222131396,866
Noncurrent Assets
Long-term investments and receivables      1,852
Long-term investments      1,852
Intangible assets, net (including goodwill)2,4622,4561,589824  
Goodwill646646327252  
Intangible assets, net (excluding goodwill)1,8161,8101,262572  
Deferred income tax assets2,1612,1221,9241,9311,7951,405
Total noncurrent assets:4,6234,5783,5132,7551,7953,257
Other undisclosed assets149,982146,608144,118141,262145,686151,683
TOTAL ASSETS:154,616151,208147,652144,048147,520161,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt28628628228222
Total current liabilities:28628628228222
Noncurrent Liabilities
Long-term debt and lease obligation2,0952,0942,0942,0942,3852,406
Long-term debt, excluding current maturities2,0952,0942,0942,0942,3852,406
Liabilities, other than long-term debt   275386  
Deferred compensation liability, classified   275386  
Total noncurrent liabilities:2,0952,0942,3692,4802,3852,406
Other undisclosed liabilities146,707143,141138,884135,448138,920151,694
Total liabilities:149,088145,521141,535138,210141,307154,102
Temporary equity, carrying amount171166166155  
Equity
Equity, attributable to parent3,6973,9544,4694,0934,5166,198
Common stock111111
Treasury stock, value(248)(77)(39)(873)(821)(565)
Additional paid in capital6,6956,6936,6437,9457,5007,504
Accumulated other comprehensive income (loss)(2,791)(2,545)(1,794)(1,986)(963)527
Retained earnings (accumulated deficit)40(118)(342)(994)(1,201)(1,269)
Equity, attributable to noncontrolling interest1,6601,5671,4821,5901,6971,506
Total equity:5,3575,5215,9515,6836,2137,704
TOTAL LIABILITIES AND EQUITY:154,616151,208147,652144,048147,520161,806

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,8711,8351,5511,3381,5191,514
Insurance commissions and fees474464452435411433
Premiums earned, net677685610607595613
Net investment income545545548522581630
Realized investment losses(56)(16)(50)(123)(227)(285)
Cost of revenue(682)(751)(902)(550)(643)(665)
Policyholder benefits and claims incurred, net(438)(510)(466)(305)(406)(431)
Policyholder account balance, interest expense(244)(241)(249)(245)(237)(234)
Deferred policy acquisition costs, amortization expense   (165)   
Gross profit:1,1891,084649788876849
Operating expenses(770)(836)(673)(632)(605)(632)
Operating income (loss):419248(24)156271217
Nonoperating income
(Investment Income, Nonoperating)
   2,254   
Interest and debt expense(94)(48)(48)(43)(46)(46)
Income from continuing operations before equity method investments, income taxes:3252002,182113225171
Other undisclosed loss from continuing operations before income taxes(62)(59)(2,099)(12)(72)(80)
Income from continuing operations before income taxes:2631418310115391
Income tax expense (benefit)(28)(12)54(32)(10)(7)
Income from continuing operations:2351291376914384
Income before gain (loss) on sale of properties:6914384
Net income:2351291376914384
Net income (loss) attributable to noncontrolling interest(77)(46)57138(75)(43)
Net income attributable to parent:158831942076841
Preferred stock dividends and other adjustments(4)(14)(4)(14)(4)(14)
Net income available to common stockholders, diluted:154691901936427

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2351291376914384
Other comprehensive income (loss)(246)510192(1,023)(1,490)(1,573)
Comprehensive income (loss):(11)639329(954)(1,347)(1,489)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(77)(46)57138(75)(43)
Comprehensive income (loss), net of tax, attributable to parent:(88)593386(816)(1,422)(1,532)

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.

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