Voya Financial, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets
March 31, 2026 (Unaudited) and December 31, 2025
(In millions, except share and per share data)
| March 31,2026 | December 31,2025 | |
|---|---|---|
| Assets: | ||
| Investments: | ||
| Fixed maturities, available-for-sale, at fair value (amortized cost of $28,612 and $28,724 as of 2026 and 2025, respectively; net of allowance for credit losses of $33 and $26 as of 2026 and 2025, respectively) | $26,646 | $27,150 |
| Fixed maturities, at fair value using the fair value option | 1,695 | 1,740 |
| Equity securities, at fair value | 193 | 201 |
| Short-term investments | 218 | 145 |
| Mortgage loans on real estate (net of allowance for credit losses of $30 and $31 as of 2026 and 2025, respectively) | 5,634 | 5,577 |
| Policy loans | 316 | 323 |
| Limited partnerships/corporations | 1,919 | 1,891 |
| Derivatives | 203 | 197 |
| Other investments | 90 | 86 |
| Securities pledged (amortized cost of $1,334 and $1,388 as of 2026 and 2025, respectively) | 1,210 | 1,261 |
| Total investments | 38,124 | 38,571 |
| Cash and cash equivalents | 969 | 1,228 |
| Short-term investments under securities loan agreements, including collateral delivered | 1,004 | 984 |
| Accrued investment income | 426 | 414 |
| Premium receivable and reinsurance recoverable (net of allowance for credit losses of $15 and $16 as of 2026 and 2025, respectively) | 10,609 | 10,713 |
| Deferred policy acquisition costs ("DAC") and Value of business acquired ("VOBA") | 2,364 | 2,401 |
| Deferred income taxes | 1,911 | 1,871 |
| Goodwill | 804 | 804 |
| Other intangibles, net | 864 | 874 |
| Other assets (net of allowance for credit losses of $0 as of 2026 and 2025) | 3,121 | 3,167 |
| Assets related to consolidated investment entities ("CIEs"): | ||
| Limited partnerships/corporations, at fair value | 2,971 | 3,142 |
| Cash and cash equivalents | 121 | 120 |
| Corporate loans, at fair value using the fair value option | 1,488 | 1,350 |
| Other assets | 190 | 213 |
| Assets held in separate accounts | 108,467 | 113,007 |
| Total assets | $173,433 | $178,859 |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
Condensed Consolidated Balance Sheets
March 31, 2026 (Unaudited) and December 31, 2025
(In millions, except share and per share data)
| March 31,2026 | December 31, 2025 | |
|---|---|---|
| Liabilities: | ||
| Future policy benefits | $8,790 | $8,982 |
| Contract owner account balances | 40,238 | 40,374 |
| Payables under securities loan and repurchase agreements, including collateral held | 1,218 | 1,273 |
| Short-term debt | 587 | 586 |
| Long-term debt | 1,913 | 1,518 |
| Derivatives | 262 | 282 |
| Other liabilities | 2,645 | 3,210 |
| Liabilities related to CIEs: | ||
| Collateralized loan obligations notes, at fair value using the fair value option | 1,173 | 1,134 |
| Other liabilities | 1,434 | 1,454 |
| Liabilities related to separate accounts | 108,467 | 113,007 |
| Total liabilities | $166,727 | $171,820 |
| Commitments and Contingencies (Note 18) | ||
| Mezzanine equity: | ||
| Redeemable noncontrolling interest | $226 | $222 |
| Shareholders' equity: | ||
| Preferred stock ($0.01 par value per share; $625 aggregate liquidation preference as of 2026 and 2025) | — | — |
| Common stock ($0.01 par value per share; 900,000,000 shares authorized; 108,408,962 and 107,424,252 shares issued as of 2026 and 2025, respectively; 92,407,886 and 93,842,616 shares outstanding as of 2026 and 2025, respectively) | 1 | 1 |
| Treasury stock (at cost; 16,001,076 and 13,581,636 shares as of 2026 and 2025, respectively) | (1,188) | (1,010) |
| Additional paid-in capital | 6,395 | 6,358 |
| Accumulated other comprehensive income (loss) | (2,061) | (1,788) |
| Retained earnings: | ||
| Unappropriated | 1,511 | 1,392 |
| Total Voya Financial, Inc. shareholders' equity | 4,658 | 4,953 |
| Noncontrolling interest | 1,822 | 1,864 |
| Total shareholders' equity | 6,480 | 6,817 |
| Total liabilities, mezzanine equity and shareholders' equity | $173,433 | $178,859 |
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.