Voya Financial, Inc.

Listed Company

VOYACIK 0001535929NYSELarge AcceleratedLife InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$8.19B

Net Income

$654.00M

Total Assets

$178.86B

Equity

$4.95B

Shares Out

92.76M

Op. Cash Flow

$1.29B

Business

Voya Financial, Inc. is a financial services company that provides workplace benefits, retirement solutions and asset management to employers, employees and investors. It offers retirement plan administration, IRA and wealth management services, supplemental group health and voluntary benefits, benefits administration technology, stop-loss and group life and disability insurance, and public and private asset management strategies. Its operations are organized into Wealth Solutions, Health Solutions and Investment Management segments. Voya distributes products through financial intermediaries, brokers, affiliated advisors and direct sales across the U.S., and provides investment management to institutional and retail clients globally.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net investment income	2,318	2,074	2,159	2,281	2,774
Fee income	2,396	2,113	1,916	1,742	1,813
Premiums	2,912	3,176	2,717	2,423	−3,388
Net gains (losses)	−130	−27	−72	−686	1,415
Other revenue	440	423	327	148	579
Net investment income	253	291	301	22	981
Revenues, Total	8,189	8,050	7,348	5,930	4,174
Policyholder benefits	2,287	2,627	1,960	1,566	−3,234
Interest credited to contract owner account balances	1,074	992	1,076	962	1,046
Operating expenses	3,447	3,082	3,096	2,542	2,586
Net amortization of DAC and VOBA	249	223	230	240	456
Interest expense	117	124	132	134	186
Interest expense	130	175	166	49	38
Other expense	48	28	10	9	11
Total benefits and expenses	7,352	7,251	6,670	5,502	1,089
Income before income taxes	837	799	678	428	3,085
Income tax expense (benefit)	104	57	−51	−5	−34
Net income	733	742	729	433	3,131
Less: Net income attributable to noncontrolling interest and redeemable noncontrolling interest	79	75	104	−77	761
Net income available to Voya Financial, Inc.	654	667	625	510	2,370
Less: Preferred stock dividends	41	41	36	36	36
Net income available to Voya Financial, Inc.'s common shareholders	613	626	589	474	2,334
Basic	6.4	6.31	5.74	4.7	20.02
Diluted	6.29	6.17	5.42	4.3	18.56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Short-term investments under securities loan agreements, including collateral delivered	984	1,042	1,015	1,179	1,108
Accrued investment income	414	396	411	425	428
Premium receivable and reinsurance recoverable (net of allowance for credit losses of $16 as of 2025 and 2024)	10,713	11,284	11,982	12,426	13,635
"Deferred policy acquisition costs (""DAC"") and Value of business acquired (""VOBA"")"	2,401	2,148	2,250	2,363	1,378
Deferred income taxes	1,871	2,134	2,160	2,223	986
Goodwill	804	748	748	327	72
Other intangibles, net	874	832	857	631	97
Assets held in separate accounts	113,007	101,676	93,133	80,174	100,433
Total assets	178,859	163,889	157,085	146,606	171,262
Future policy benefits	8,982	9,332	9,560	9,719	9,952
Contract owner account balances	40,374	37,104	39,174	42,455	42,806
Payables under securities loan and repurchase agreements, including collateral held	1,273	1,309	1,121	1,302	1,183
Short-term debt	586	399	1	141	1
Long-term debt	1,518	2,103	2,097	2,094	2,595
Derivatives	282	332	371	389	231
Liabilities related to separate accounts	113,007	101,676	93,133	80,174	100,433
Total liabilities	171,820	157,882	151,032	141,609	161,441
Commitments and Contingencies (Note 20)	—	—	—	—	—
Redeemable noncontrolling interest	222	219	175	166	0
Preferred stock (0.01 par value per share; $625000000 aggregate liquidation preference as of 2025 and 2024)	0	0	0	0	0
Common stock ($0.01 par value per share; 900000000 shares authorized; 107,424,252 and 105,592,281 shares issued as of 2025 and 2024, respectively; 93,842,616 and 95,497,265 shares outstanding as of 2025 and 2024, respectively)	1	1	1	1	1
Treasury stock (at cost; 13,581,636 and 10,095,016 shares as of 2025 and 2024, respectively)	−1,010	−754	−56	−39	−80
Additional paid-in capital	6,358	6,266	6,143	6,643	7,542
Accumulated other comprehensive income (loss)	−1,788	−2,462	−2,400	−3,055	1,807
Unappropriated	1,392	954	505	−201	−1,310
Total Voya Financial, Inc. shareholders' equity	4,953	4,005	4,193	3,349	8,253
Noncontrolling interest	1,864	1,783	1,685	1,482	1,568
Total shareholders' equity	6,817	5,788	5,878	4,831	9,668
Total liabilities and shareholder's equity	178,859	163,889	157,085	146,606	171,262

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax expense (benefit)	89	42	−62	3	410
Share-based compensation	72	96	126	90	88
(Gains) losses on CIEs	−189	−196	−230	76	−943
(Gains) losses on limited partnerships/corporations	−57	0	33	27	−316
Deferred policy acquisition costs and value of business acquired	137	102	113	124	353
Premium receivable and reinsurance recoverable	747	649	538	278	−1,514
Other receivables and asset accruals	−35	−153	31	−211	80
Future policy benefits, claims reserves and interest credited	109	465	272	337	827
Other payables and accruals	107	−70	−95	−279	690
(Increase) decrease in cash held by CIEs	−659	−511	−98	−355	−753
Other, net	104	152	209	143	−354
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total	1,288	1,345	1,638	1,352	22
Fixed maturities	8,726	6,239	6,980	7,900	6,684
Equity securities	131	36	139	5	312
Mortgage loans on real estate	902	784	600	854	816
Limited partnerships/corporations	382	292	470	256	790
Fixed maturities	−9,007	−5,511	−4,439	−8,518	−7,831
Equity securities	−80	−59	−28	−76	−278
Mortgage loans on real estate	−1,018	−301	−408	−669	−808
Limited partnerships/corporations	−396	−464	−307	−353	−448
Short-term investments, net	−2	119	144	−260	174
Derivatives, net	−27	206	81	291	2
Sales from CIEs	1,175	1,496	962	849	1,055
Purchases within CIEs	−2,405	−2,608	−1,225	−2,338	−2,138
Increase (Decrease) in Collateral Held under Securities Lending	8	167	−19	54	121
Receipts on deposit asset contracts	121	217	253	126	73
Net cash and cash equivalents acquired (paid) related to business acquisitions (1)	224	0	−584	−2	0
Payment for (Proceeds from) Other Investing Activity	−103	−132	−87	−65	399
Net cash provided by (used in) investing activities	−1,369	481	2,532	−1,946	−327
Deposits received for investment contracts	4,027	2,945	2,501	5,818	5,902
Maturities and withdrawals from investment contracts	−5,122	−5,569	−6,355	−6,354	−6,245
Proceeds from issuance of long-term debt	0	397	388	0	0
Repayments of long-term debt, including current maturities	−400	−1	−541	−366	−482
Borrowings of CIEs	1,538	1,186	487	1,628	1,523
Repayments of borrowings of CIEs	−1,641	−1,081	−687	−932	−1,267
Contributions from (distributions to) participants in CIEs, net	2,065	1,634	772	1,166	1,601
Proceeds from issuance of common stock, net	5	6	0	7	4
Common stock acquired - Share repurchase	−200	−640	−369	−750	−1,113
Dividends paid on preferred stock	−41	−41	−36	−36	−80
Dividends paid on common stock	−178	−171	−127	−83	−36
Other, net	−138	−95	−92	−70	−72
Net cash provided by (used in) financing activities	−85	−1,430	−4,059	28	−265
Net increase (decrease) in cash and cash equivalents, including cash in CIEs	−166	396	111	−566	−570
Income taxes paid	15	9	11	14	3
Interest paid	115	103	113	131	157

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro