Voya Financial Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
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Schedule III - Supplementary Insurance Information
Schedule III
Supplementary Insurance Information
As of December 31, 2023 and 2022
| Segment · DAC and VOBA · Future Policy Benefits and Contract Owner Account Balances · UnearnedPremiums(1) | ||||
|---|---|---|---|---|
| Wealth Solutions | $1,064 | $31,653 | $— | |
| Health Solutions | 211 | 2,268 | — | * |
| Investment Management | — | — | — | |
| Corporate | 975 | 14,813 | — | |
| Total | $2,250 | $48,734 | $— | |
| Wealth Solutions | $1,088 | $34,215 | $— | |
| Health Solutions | 190 | 2,234 | — | * |
| Investment Management | — | — | — | |
| Corporate | 1,085 | 15,725 | — | |
| Total | $2,363 | $52,174 | $— | |
(1) Represents unearned premiums associated with short-duration products of the Company's accident and health business.
*Less than $1
Supplementary Insurance Information
| Segment | Net Investment Income (1)(2) | Premiums and Fee Income (1)(2) | Interest Credited and Other Benefits to Contract Owners | Amortization of DAC and VOBA | OtherOperatingExpenses(1)(2) | Premiums Written (Excluding Life) |
|---|---|---|---|---|---|---|
| Wealth Solutions | $1,807 | $1,007 | $872 | $88 | $1,242 | $— |
| Health Solutions | 135 | 2,748 | 1,895 | 33 | 903 | 2,120 |
| Investment Management | 26 | 903 | — | — | 855 | — |
| Corporate | 191 | (25) | 269 | 109 | 96 | — |
| Total | $2,159 | $4,633 | $3,036 | $230 | $3,096 | $2,120 |
| Wealth Solutions | $2,006 | $992 | $868 | $93 | $1,192 | $— |
| Health Solutions | 134 | 2,454 | 1,680 | 29 | 577 | 1,849 |
| Investment Management | 9 | 745 | — | — | 689 | — |
| Corporate | 132 | (26) | (20) | 118 | 84 | — |
| Total | $2,281 | $4,165 | $2,528 | $240 | $2,542 | $1,849 |
| Wealth Solutions | $2,517 | $1,094 | $880 | $95 | $1,379 | $— |
| Health Solutions | 165 | 2,236 | 1,674 | 24 | 496 | 1,695 |
| Investment Management | (19) | 703 | — | — | 632 | — |
| Corporate | 111 | (5,608) | (4,742) | 337 | 79 | — |
| Total | $2,774 | $(1,575) | $(2,188) | $456 | $2,586 | $1,695 |
(1)Includes the elimination of certain intersegment revenues and expenses, primarily consisting of asset-based management and administration fees, which have been charged by Investment Management and eliminated in Corporate.
(2)Includes the elimination of intercompany transactions between the Company and its consolidated investment entities, primarily the elimination of the Company's management fees expensed by the funds, recorded as operating revenues before the Company's consolidation of its consolidated investment entities and eliminated in the Investment Management segment.
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