Voya Financial Inc
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Schedule V - Valuation and Qualifying Accounts
Schedule V
Valuation and Qualifying Accounts
Year Ended December 31, 2024, 2023 and 2022
| Balance at January 1, | Charged toCosts andExpenses | Write-offs/Payments/Other | Balance at December 31, | |
|---|---|---|---|---|
| Valuation allowance on deferred tax assets(1) | $95 | $1 | $— | $96 |
| Allowance for credit losses on mortgage loans on real estate(2) | 26 | 1 | (3) | 24 |
| Allowance for credit losses on available-for-sale fixed maturity securities(2) | 17 | 22 | (1) | 38 |
| Allowance for credit losses on reinsurance recoverable | 28 | (12) | — | 16 |
| Allowance for credit losses on deposit asset | 1 | — | — | 1 |
| Valuation allowance on deferred tax assets(1) | $70 | $(1) | $26 | $95 |
| Allowance for credit losses on mortgage loans on real estate(2) | 18 | 11 | (3) | 26 |
| Allowance for credit losses on available-for-sale fixed maturity securities(2) | 12 | 10 | (5) | 17 |
| Allowance for credit losses on reinsurance recoverable | 32 | (4) | — | 28 |
| Allowance for credit losses on deposit asset | 1 | — | — | 1 |
| Valuation allowance on deferred tax assets(1) | $63 | $7 | $— | $70 |
| Allowance for credit losses on mortgage loans on real estate(2) | 15 | 3 | — | 18 |
| Allowance for credit losses on available-for-sale fixed maturity securities(2) | 58 | 11 | (57) | 12 |
| Allowance for credit losses on reinsurance recoverable | 24 | 8 | — | 32 |
| Allowance for credit losses on deposit asset | — | 1 | — | 1 |
(1) Refer to the Income Taxes Note to the accompanying Consolidated Financial Statements for more information.
(2) Refer to the Investments (excluding Consolidated Investment Entities) Note to the accompanying Consolidated Financial Statements for more information.
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