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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9021,4932,1081,6893,7324,0094,242
Cash and cash equivalents1,5021,1811,5381,2182,9112,5132,531
Short-term investments4003125704718211,4971,711
Receivables6,741     1
Disposal group, including discontinued operation20,70320,069 59,052   
Total current assets:29,34621,5622,10860,7413,7324,0094,243
Noncurrent Assets
Property, plant and equipment   107112125126
Long-term investments and receivables1,4761,2901,158784759511363
Long-term investments1,4761,2901,158784759511363
Intangible assets, net (including goodwill), including:124135169155220220253
Goodwill484848    
Intangible assets, net (excluding goodwill)7687121155188220253
Other undisclosed intangible assets, net (including goodwill)    31  
Deferred income tax assets1,1861,458
Total noncurrent assets:2,7862,8831,3271,0461,090855742
Other undisclosed assets148,386144,606151,247160,745209,413213,385221,966
TOTAL ASSETS:180,518169,051154,682222,532214,235218,250226,951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2671674   
Disposal group, including discontinued operation   58,277   
Total current liabilities:267158,951   
Noncurrent Liabilities
Long-term debt and lease obligation3,0443,0423,1363,1233,5503,4863,516
Long-term debt, excluding current maturities3,0443,0423,1363,1233,5503,4863,516
Liabilities, other than long-term debt350314278305284270272
Deferred compensation liability, classified350314278305284270272
Total noncurrent liabilities:3,3943,3563,4143,4283,8333,7563,788
Other undisclosed liabilities165,944155,398142,326149,114196,435198,218204,640
Total liabilities:169,340158,821145,741211,493200,268201,974208,428
Stockholders' equity
Stockholders' equity attributable to parent10,1109,4088,21310,00912,99413,43616,108
Common stock2233333
Treasury stock, value(1,016)(460)(4,981)(3,827)(2,796)(2,302)(807)
Additional paid in capital11,18311,18424,31623,82123,60923,71723,650
Accumulated other comprehensive income4,8983,3316072,7312,0221,4253,104
Accumulated deficit(4,957)(4,649)(11,732)(12,719)(9,843)(9,406)(9,842)
Stockholders' equity attributable to noncontrolling interest1,0688227281,0309732,8402,415
Total stockholders' equity:11,17810,2308,94111,03913,96716,27618,523
TOTAL LIABILITIES AND EQUITY:180,518169,051154,682222,532214,235218,250226,951

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,6497,4768,5148,61810,78211,34111,071
Revenue, net 9,3899,1398,721
Insurance commissions and fees2,0261,9692,708
Premiums earned, net2,4162,2732,159
Net investment income2,9092,7923,3073,2944,6214,6384,615
Financial services revenue4,7496,7966,5826,228
Cost of revenue(4,453)(3,750)(4,575)(4,636)(8,105)(5,266)(4,364)
Policyholder benefits and claims incurred, net(2,954)(2,583)(3,045)
Policyholder account balance, interest expense(1,147)(1,167)(1,530)(1,606)(2,043)  
Financial services costs(3,030)(5,471)(4,537)(3,947)
Gross profit:3,1963,7263,9393,9822,6786,0756,707
Operating expenses(2,654)(2,746)(2,691)(2,654)(2,937)(3,103)(3,562)
Other operating expense, net
(Other Expenses)
(4)(7)(8)(7)(4)(12)(8)
Other undisclosed operating income (loss)    378(2,705)(2,824)
Operating income:5389731,2401,321115256313
Nonoperating income2,939   1394075,250
Investment income, nonoperating2,939   (223) 4,817
Other nonoperating income    361407433
Interest and debt expense(186)(176)(221)(184)(288)(197)(190)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(2,939)(237)(409)(609)(578)119(4,588)
Income (loss) from continuing operations before equity method investments, income taxes:352560610528(613)585785
Other undisclosed income from continuing operations before income taxes    1,391393445
Income from continuing operations before income taxes:3525606105287779781,231
Income tax expense (benefit)18205(55)(740)215(46)1,752
Income (loss) from continuing operations:370765555(212)9929322,983
Income (loss) from discontinued operations(419)(1,066)457(2,580)9626149
Income (loss) before gain (loss) on sale of properties:(49)(301)1,012(2,792)1,0889573,132
Other undisclosed net loss    (1,487)(419)(595)
Net income (loss):(49)(301)1,012(2,792)(399)5392,537
Net loss attributable to noncontrolling interest(157)(50)(137)(200)(29)(130)(238)
Net income (loss) attributable to parent:(206)(351)875(2,992)(428)4082,300
Preferred stock dividends and other adjustments(36)(28)     
Net income (loss) available to common stockholders, diluted:(242)(379)875(2,992)(428)4082,300

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(49)(301)1,012(2,792)(399)5392,537
Other comprehensive income (loss)1,5672,381(2,096)810597(1,679)1,255
Comprehensive income (loss):1,5182,080(1,084)(1,982)198(1,140)3,792
Comprehensive loss, net of tax, attributable to noncontrolling interest(157)(50)(137)(200)(29)(130)(238)
Comprehensive income (loss), net of tax, attributable to parent:1,3612,030(1,221)(2,182)169(1,271)3,554

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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