XML 47 R34.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Deferred Policy Acquisition Costs and Value of Business Acquired (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract] |
Deferred Policy Acquisition Costs and Value of Business Acquired | The following table presents a rollforward of deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA") for the periods indicated:
| DAC |  | VOBA (1)
| Wealth Solutions Deferred and Individual Annuities | Health Solutions Voluntary (2) | Businesses exited |  |
Balance as of January 1, 2023 | $ | 691 |  | $ | 171 |  | $ | 1,043 |  |  | $ | 439 |
Deferrals of commissions and expenses | 59 |  | 54 |  | — |  |  | 4 |
Amortization expense | (55) |  | (32) |  | (105) |  |  | (37) |
Balance as of December 31, 2023 | $ | 695 |  | $ | 193 |  | $ | 938 |  |  | $ | 406 |
Deferrals of commissions and expenses | 30 |  | 27 |  | — |  |  | 1 |
Amortization expense | (27) |  | (17) |  | (51) |  |  | (17) |
Balance as of June 30, 2024 | $ | 698 |  | $ | 203 |  | $ | 887 |  |  | $ | 390 |
(1)There was no loss recognition related to VOBA during the periods presented. (2) During the second quarter of 2024, the Company reclassified certain insurance products within the Health Solutions segment from Group to Voluntary. As a result, the rollforward above and the reconciliation table below have been updated to reflect this change. The following table shows a reconciliation of DAC and VOBA balances to the Condensed Consolidated Balance Sheets for the periods indicated:
| June 30, 2024 |  | December 31, 2023
DAC: |  |  |
Wealth Solutions Deferred and Individual Annuities | $ | 698 |  |  | $ | 695 |
Health Solutions Voluntary | 203 |  |  | 193 |
Businesses exited | 887 |  |  | 938 |
Other | 18 |  |  | 18 |
VOBA | 390 |  |  | 406 |
Total | $ | 2,196 |  |  | $ | 2,250 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquiredAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Deferred Policy Acquisition Costs and Value of Business Acquired [Table Text Block] + References No definition available. + Details
Name: | voya_DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquiredTableTextBlock
Namespace Prefix: | voya_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration