Voya Financial Inc

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

VOYA$104.27-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of December 31, 2024 and

	As of December 31,
	2024	2023
Assets:
Investments:
Fixed maturities, available-for-sale, at fair value (amortized cost of $26,536 and $27,690 as of 2024 and 2023, respectively; net of allowance for credit losses of $38 and $17 as of 2024 and 2023, respectively)	$24,089	$25,375
Fixed maturities, at fair value using the fair value option	1,849	2,076
Equity securities, at fair value	246	236
Short-term investments	94	213
Mortgage loans on real estate (net of allowance for credit losses of $24 and $26 as of 2024 and 2023, respectively)	4,675	5,192
Policy loans	342	352
Limited partnerships/corporations	1,836	1,621
Derivatives	303	311
Other investments	67	64
Securities pledged (amortized cost of $1,665 and $1,232 as of 2024 and 2023, respectively)	1,523	1,160
Total investments	35,024	36,600
Cash and cash equivalents	1,399	937
Short-term investments under securities loan agreements, including collateral delivered	1,042	1,015
Accrued investment income	396	411
Premium receivable and reinsurance recoverable (net of allowance for credit losses of $16 and $28 as of 2024 and 2023, respectively)	11,284	11,982
Deferred policy acquisition costs and Value of business acquired	2,148	2,250
Deferred income taxes	2,134	2,160
Goodwill	748	748
Other intangibles, net	832	857
Other assets (net of allowance for credit losses of $1 as of 2024 and 2023)	2,312	2,372
Assets related to consolidated investment entities ("CIEs"):
Limited partnerships/corporations, at fair value	3,067	2,861
Cash and cash equivalents	115	181
Corporate loans, at fair value using the fair value option	1,434	1,404
Other assets	278	174
Assets held in separate accounts	101,676	93,133
Total assets	$163,889	$157,085

	As of December 31,
	2024	2023
Liabilities:
Future policy benefits	$9,332	$9,560
Contract owner account balances	37,104	39,174
Payables under securities loan and repurchase agreements, including collateral held	1,309	1,121
Short-term debt	399	1
Long-term debt	2,103	2,097
Derivatives	332	371
Other liabilities	2,886	2,956
Liabilities related to CIEs:
Collateralized loan obligations notes, at fair value using the fair value option	1,101	1,332
Other liabilities	1,640	1,287
Liabilities related to separate accounts	101,676	93,133
Total liabilities	$157,882	$151,032
Commitments and Contingencies (Note 20)
Mezzanine equity:
Redeemable noncontrolling interest	$219	$175
Shareholders' equity:
Preferred stock ($0.01 par value per share; $625 aggregate liquidation preference as of 2024 and 2023)	—	—
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 105,592,281 and 103,584,699 shares issued as of 2024 and 2023, respectively; 95,497,265 and 102,854,569 shares outstanding as of 2024 and 2023, respectively)	1	1
Treasury stock (at cost; 10,095,016 and 730,130 shares as of 2024 and 2023, respectively)	(754)	(56)
Additional paid-in capital	6,266	6,143
Accumulated other comprehensive income (loss)	(2,462)	(2,400)
Retained earnings:
Unappropriated	954	505
Total Voya Financial, Inc. shareholders' equity	4,005	4,193
Noncontrolling interest	1,783	1,685
Total shareholders' equity	5,788	5,878
Total liabilities, mezzanine equity and shareholders' equity	$163,889	$157,085

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.