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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Net investment income $ 583 $ 506 $ 1,727 $ 1,553
Fee income 616 540 1,763 1,570
Premiums 719 796 2,174 2,386
Net gains (losses) (21) (14) (96) 25
Other revenue 100 103 304 289
Income related to consolidated investment entities:        
Net investment income 131 25 206 217
Total revenues 2,128 1,956 6,078 6,040
Benefits and expenses:        
Policyholder benefits 561 681 1,681 1,884
Interest credited to contract owner account balance 289 257 805 748
Operating expenses 829 775 2,510 2,326
Net amortization of deferred policy acquisition costs and value of business acquired 65 55 185 167
Interest expense 29 29 89 89
Operating expenses related to consolidated investment entities:        
Interest expense 31 40 101 135
Other expense 17 3 39 12
Total benefits and expenses 1,821 1,840 5,410 5,361
Income before income taxes 307 116 668 679
Income tax expense (benefit) 35 18 84 58
Net Income 272 98 584 621
Less: Net income (loss) attributable to noncontrolling interest and redeemable NCI 80 (16) 70 51
Net income available to Voya Financial, Inc. 192 114 514 570
Less: Preferred stock dividends 16 16 37 37
Net income available to Voya Financial, Inc.'s common shareholders $ 176 $ 98 $ 477 $ 533
Net income available to Voya Financial, Inc.'s common shareholders per common share:        
Basic (usd per share) $ 1.82 $ 1.00 $ 4.96 $ 5.32
Diluted (usd per share) $ 1.80 $ 0.98 $ 4.88 $ 5.20