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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Short-term investments under securities loan agreements, including collateral delivered $ 1,010 $ 1,042
Accrued investment income 427 396
Premium receivable and reinsurance recoverable 10,835 11,284
Deferred policy acquisition costs ("DAC") and Value of business acquired ("VOBA") 2,435 2,148
Deferred income taxes 1,872 2,134
Goodwill 804 748
Other intangibles, net 837 832
Assets held in separate accounts 111,950 101,676
Total assets 177,448 163,889
Liabilities:    
Future policy benefits 9,153 9,332
Contract owner account balances 40,184 37,104
Payables under securities loan and repurchase agreements, including collateral held 1,375 1,309
Short-term debt 586 399
Long-term debt 1,518 2,103
Derivatives 288 332
Liabilities related to separate accounts 111,950 101,676
Total liabilities 170,365 157,882
Commitments and Contingencies (Note 18)
Mezzanine equity:    
Redeemable noncontrolling interest 221 219
Shareholders' equity:    
Preferred stock ($0.01 par value per share; $625000000 aggregate liquidation preference as of 2025 and 2024) 0 0
Common stock ($0.01 par value per share; 900000000 shares authorized; 0 and 105,592,281 shares issued as of 2025 and 2024, respectively; 0 and 95,497,265 shares outstanding as of 2025 and 2024, respectively) 1 1
Treasury stock (at cost; 0 and 10,095,016 shares as of 2025 and 2024, respectively) (883) (754)
Additional paid-in capital 6,316 6,266
Accumulated other comprehensive income (loss) (1,778) (2,462)
Retained earnings:    
Unappropriated 1,301 954
Total Voya Financial, Inc. shareholders' equity 4,957 4,005
Noncontrolling interest 1,905 1,783
Total shareholders' equity 6,862 5,788
Total liabilities, mezzanine equity and shareholders' equity 177,448 163,889
Excluding consolidated VIEs    
Investments:    
Fixed maturities, available-for-sale, at fair value 26,756 24,089
Fixed maturities, at fair value using the fair value option 1,730 1,849
Equity securities, at fair value 198 246
Short-term investments 176 94
Mortgage loans on real estate 5,393 4,675
Policy loans 327 342
Limited partnerships/corporations 1,964 1,836
Derivatives 185 303
Other investments 73 67
Securities pledged 1,397 1,523
Total investments 38,199 35,024
Cash and cash equivalents 1,157 1,399
Other assets 3,262 2,312
Corporate loans, at fair value using the fair value option 5,393 4,675
Liabilities:    
Other liabilities 2,904 2,886
VIEs    
Investments:    
Mortgage loans on real estate 1,166 1,434
Limited partnerships/corporations 3,130 3,067
Cash and cash equivalents 119 115
Other assets 245 278
Corporate loans, at fair value using the fair value option 1,166 1,434
Liabilities:    
Other liabilities 1,300 1,640
Collateralized loan obligations notes, at fair value using the fair value option $ 1,107 $ 1,101