Voya Financial, Inc. (VOYA) financial statements (2021 and earlier)

Company profile

Business Address 230 PARK AVENUE
NEW YORK, NY 10169
State of Incorp. DE
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,4932,1081,6893,7324,0094,2423,889
Cash and cash equivalents1,1811,5381,2182,9112,5132,5312,841
Short-term investments3125704718211,4971,7111,048
Receivables     1 
Disposal group, including discontinued operation20,069 59,052    
Total current assets:21,5622,10860,7413,7324,0094,2433,889
Noncurrent Assets
Property, plant and equipment  107112125126139
Long-term investments and receivables1,2901,158784759511363236
Long-term investments1,2901,158784759511363236
Intangible assets, net (including goodwill), including:135169155220220253293
Goodwill4848     
Intangible assets, net (excluding goodwill)87121155188220253293
Other undisclosed intangible assets, net (including goodwill)   31  
Deferred income tax assets1,458
Total noncurrent assets:2,8831,3271,0461,090855742668
Other undisclosed assets144,606151,247160,745209,413213,385221,966216,467
TOTAL ASSETS:169,051154,682222,532214,235218,250226,951221,023
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt671674   3,000
Disposal group, including discontinued operation  58,277    
Total current liabilities:67158,951   3,000
Noncurrent Liabilities
Long-term debt and lease obligation3,0423,1363,1233,5503,4863,5163,515
Long-term debt, excluding current maturities3,0423,1363,1233,5503,4863,5163,515
Liabilities, other than long-term debt314278305284270272272
Deferred compensation liability, classified314278305284270272272
Total noncurrent liabilities:3,3563,4143,4283,8333,7563,7883,786
Other undisclosed liabilities155,398142,326149,114196,435198,218204,640198,723
Total liabilities:158,821145,741211,493200,268201,974208,428205,509
Stockholders' equity
Stockholders' equity attributable to parent9,4088,21310,00912,99413,43616,10813,272
Common stock2333333
Treasury stock, value(460)(4,981)(3,827)(2,796)(2,302)(807) 
Additional paid in capital11,18424,31623,82123,60923,71723,65023,564
Accumulated other comprehensive income3,3316072,7312,0221,4253,1041,849
Accumulated deficit(4,649)(11,732)(12,719)(9,843)(9,406)(9,842)(12,143)
Stockholders' equity attributable to noncontrolling interest8227281,0309732,8402,4152,242
Total stockholders' equity:10,2308,94111,03913,96716,27618,52315,514
TOTAL LIABILITIES AND EQUITY:169,051154,682222,532214,235218,250226,951221,023

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,4768,5148,61810,78211,34111,0718,759
Revenue, net 9,3899,1398,7218,530
Insurance commissions and fees1,9692,708
Premiums earned, net2,2732,159
Net investment income2,7923,3073,2944,6214,6384,6154,689
Realized investment losses(166)(399)(227)(1,263)(733)(894)(2,535)
Financial services revenue4,7496,7966,5826,2282,060
Cost of revenue(3,750)(4,575)(4,636)(8,105)(5,266)(4,364)(2,409)
Policyholder benefits and claims incurred, net(2,583)(3,045)
Policyholder account balance, interest expense(1,167)(1,530)(1,606)(2,043)   
Deferred policy acquisition costs, amortization expense   (401)(571)(301)435
Financial services costs(3,030)(5,471)(4,537)(3,947)(2,409)
Gross profit:3,7263,9393,9822,6786,0756,7076,349
Operating expenses(2,746)(2,691)(2,654)(2,937)(3,103)(3,562)(2,687)
Other operating income (expense), net
(Other Expenses)
(7)(8)(7)(4)(12)(8)8
Other undisclosed operating income (loss)   378(2,705)(2,824)(3,312)
Operating income:9731,2401,321115256313358
Nonoperating income   1394075,2505,141
Investment income, nonoperating   (223) 4,8174,708
Other nonoperating income   361407433433
Interest and debt expense(176)(221)(184)(288)(197)(190)(185)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(237)(409)(609)(578)119(4,588)(4,557)
Income (loss) from continuing operations before equity method investments, income taxes:560610528(613)585785758
Other undisclosed income from continuing operations before income taxes   1,391393445511
Income from continuing operations before income taxes:5606105287779781,2311,269
Income tax expense (benefit)205(55)(740)215(46)1,75233
Income (loss) from continuing operations:765555(212)9929322,9831,301
Income (loss) from discontinued operations(1,066)457(2,580)9626149 
Income (loss) before gain (loss) on sale of properties:(301)1,012(2,792)1,0889573,1321,301
Other undisclosed net loss   (1,487)(419)(595)(511)
Net income (loss):(301)1,012(2,792)(399)5392,537791
Net loss attributable to noncontrolling interest(50)(137)(200)(29)(130)(238)(190)
Net income (loss) attributable to parent:(351)875(2,992)(428)4082,300601
Preferred stock dividends and other adjustments(28)      
Net income (loss) available to common stockholders, diluted:(379)875(2,992)(428)4082,300601

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(301)1,012(2,792)(399)5392,537791
Other comprehensive income (loss)2,381(2,096)810597(1,679)1,255(1,862)
Comprehensive income (loss):2,080(1,084)(1,982)198(1,140)3,792(1,071)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(50)(137)(200)(29)(130)(238)190
Other undisclosed comprehensive loss, net of tax, attributable to parent      (380)
Comprehensive income (loss), net of tax, attributable to parent:2,030(1,221)(2,182)169(1,271)3,554(1,261)

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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