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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated:
Three Months Ended March 31,
(in millions, except for per share data)20252024
Earnings
Net income available to common shareholders:
Net income$151 $288 
Less: Preferred stock dividends17 17 
Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest
(5)37 
Net income available to common shareholders$139 $234 
Weighted average common shares outstanding
Basic95.9 102.1 
Dilutive Effects:
RSUs
1.1 1.2 
PSUs
0.5 0.8 
Stock Options0.3 0.4 
Diluted97.8 104.5 
Net income available to Voya Financial, Inc.'s common shareholders per common share (1)
Basic$1.45 $2.29 
Diluted$1.42 $2.24 
(1) Basic and diluted earnings per share are calculated using unrounded, actual amounts. Therefore, the components of earnings per share may not sum to its corresponding total. Diluted earnings per share is computed assuming the issuance of restricted stock units, stock options, performance share units and warrants using the treasury stock method.