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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Net investment income $ 2,318 $ 2,074 $ 2,159
Fee income 2,396 2,113 1,916
Premiums 2,912 3,176 2,717
Net gains (losses) (130) (27) (72)
Other revenue 440 423 327
Net investment income 253 291 301
Revenues, Total 8,189 8,050 7,348
Benefits and expenses:      
Policyholder benefits 2,287 2,627 1,960
Interest credited to contract owner account balances 1,074 992 1,076
Operating expenses 3,447 3,082 3,096
Net amortization of DAC and VOBA 249 223 230
Interest expense 117 124 132
Interest expense 130 175 166
Other expense 48 28 10
Total benefits and expenses 7,352 7,251 6,670
Income before income taxes 837 799 678
Income tax expense (benefit) 104 57 (51)
Net income 733 742 729
Less: Net income attributable to noncontrolling interest and redeemable noncontrolling interest 79 75 104
Net income available to Voya Financial, Inc. 654 667 625
Less: Preferred stock dividends 41 41 36
Net income available to Voya Financial, Inc.'s common shareholders $ 613 $ 626 $ 589
Net income available to Voya Financial, Inc.'s common shareholders per common share:      
Basic $ 6.40 $ 6.31 $ 5.74
Diluted $ 6.29 $ 6.17 $ 5.42