Voya Financial, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Voya Financial, Inc. reported revenue of $8.2B (+1.7% year on year) and net income of $733.0M (-1.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net investment income | $2.3B | $2.1B | $2.2B | $2.3B |
| Fee income | $2.4B | $2.1B | $1.9B | $1.7B |
| Premiums | $2.9B | $3.2B | $2.7B | $2.4B |
| Net gains (losses) | ($130.0M) | ($27.0M) | ($72.0M) | ($685.0M) |
| Other revenue | $440.0M | $423.0M | $327.0M | $148.0M |
| Net investment income | $253.0M | $291.0M | $301.0M | $22.0M |
| Revenues, Total | $8.2B | $8.1B | $7.3B | $5.9B |
| Policyholder benefits | $2.3B | $2.6B | $2.0B | $1.6B |
| Interest credited to contract owner account balances | $1.1B | $992.0M | $1.1B | $965.0M |
| Operating expenses | $3.4B | $3.1B | $3.1B | $2.5B |
| Net amortization of DAC and VOBA | $249.0M | $223.0M | $230.0M | $187.0M |
| Interest expense | $117.0M | $124.0M | $132.0M | $134.0M |
| Interest expense | $130.0M | $175.0M | $166.0M | $49.0M |
| Other expense | $48.0M | $28.0M | $10.0M | $9.0M |
| Total benefits and expenses | $7.4B | $7.3B | $6.7B | $5.5B |
| Income before income taxes | $837.0M | $799.0M | $678.0M | $428.0M |
| Income tax expense (benefit) | $104.0M | $57.0M | ($51.0M) | ($5.0M) |
| Net income | $733.0M | $742.0M | $729.0M | $433.0M |
| Less: Net income attributable to noncontrolling interest and redeemable noncontrolling interest | $79.0M | $75.0M | $104.0M | ($77.0M) |
| Net income available to Voya Financial, Inc. | $654.0M | $667.0M | $625.0M | $510.0M |
| Less: Preferred stock dividends | $41.0M | $41.0M | $36.0M | $36.0M |
| Net income available to Voya Financial, Inc.'s common shareholders | $613.0M | $626.0M | $589.0M | $474.0M |
| Basic | $6.40 | $6.31 | $5.74 | $4.71 |
| Diluted | $6.29 | $6.17 | $5.42 | $4.30 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Net investment income | $537.0M | $569.0M | $583.0M | $584.0M |
| Fee income | $620.0M | $604.0M | $616.0M | $577.0M |
| Premiums | $716.0M | $744.0M | $719.0M | $718.0M |
| Net gains (losses) | ($40.0M) | ($45.0M) | ($21.0M) | ($41.0M) |
| Other revenue | $112.0M | $109.0M | $100.0M | $100.0M |
| Net investment income (loss) | ($49.0M) | $50.0M | $131.0M | $43.0M |
| Total revenues | $1.9B | $2.0B | $2.1B | $2.0B |
| Policyholder benefits | $560.0M | $564.0M | $561.0M | $541.0M |
| Interest credited to contract owner account balances | $265.0M | $255.0M | $289.0M | $260.0M |
| Operating expenses | $898.0M | $848.0M | $829.0M | $857.0M |
| Net amortization of DAC and VOBA | $62.0M | $65.0M | $65.0M | $58.0M |
| Interest expense | $33.0M | $29.0M | $29.0M | $28.0M |
| Interest expense | $35.0M | $32.0M | $31.0M | $35.0M |
| Other expense | $9.0M | $8.0M | $17.0M | $14.0M |
| Total benefits and expenses | $1.9B | $1.8B | $1.8B | $1.8B |
| Income (loss) before income taxes | $34.0M | $230.0M | $307.0M | $188.0M |
| Income tax expense (benefit) | $16.0M | $35.0M | $35.0M | $27.0M |
| Net income (loss) | $18.0M | $195.0M | $272.0M | $161.0M |
| Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest | ($76.0M) | $13.0M | $80.0M | ($5.0M) |
| Net income (loss) available to Voya Financial, Inc. | $94.0M | $182.0M | $192.0M | $166.0M |
| Less: Preferred stock dividends | $4.0M | $17.0M | $16.0M | $4.0M |
| Net income (loss) available to Voya Financial, Inc.'s common shareholders | $90.0M | $165.0M | $176.0M | $162.0M |
| Basic (usd per share) | $0.99 | $1.78 | $1.82 | $1.69 |
| Diluted (usd per share) | $0.97 | $1.75 | $1.80 | $1.66 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value (amortized cost of $28,724 and $26,536 as of 2025 and 2024, respectively; net of allowance for credit losses of $26 and $38 as of 2025 and 2024, respectively) | $60.3B | $54.9B | $57.2B | — |
| Fixed maturities, at fair value using the fair value option | $1.7B | $1.8B | $2.1B | $2.2B |
| Equity securities, at fair value | $201.0M | $246.0M | $236.0M | $336.0M |
| Short-term investments | $145.0M | $94.0M | $213.0M | $356.0M |
| Mortgage loans on real estate (net of allowance for credit losses of $31 and $24 as of 2025 and 2024, respectively) | $6.9B | $6.1B | $6.6B | — |
| Policy loans | $323.0M | $342.0M | $352.0M | $363.0M |
| Limited partnerships/corporations | $5.0B | $4.9B | $4.5B | $4.6B |
| Derivatives | $394.0M | $606.0M | $622.0M | $844.0M |
| Other investments | $172.0M | $148.0M | $128.0M | $136.0M |
| Securities pledged (amortized cost of $1,388 and $1,665 as of 2025 and 2024, respectively) | $1.3B | $1.5B | $1.2B | $1.2B |
| Total investments | $38.6B | $35.0B | $36.6B | $39.1B |
| Cash and cash equivalents | $1.3B | $1.5B | $1.1B | $1.0B |
| Short-term investments under securities loan agreements, including collateral delivered | $984.0M | $1.0B | $1.0B | $1.2B |
| Accrued investment income | $414.0M | $396.0M | $411.0M | $425.0M |
| Premium receivable and reinsurance recoverable (net of allowance for credit losses of $16 as of 2025 and 2024) | $10.7B | $11.3B | $12.0B | $13.3B |
| Deferred policy acquisition costs ("DAC") and Value of business acquired ("VOBA") | $2.4B | $2.1B | $2.3B | $2.8B |
| Deferred income taxes | $1.9B | $2.1B | $2.2B | $1.9B |
| Goodwill | $804.0M | $748.0M | $748.0M | $327.0M |
| Other intangibles, net | $874.0M | $832.0M | $857.0M | $631.0M |
| Other assets (net of allowance for credit losses of $0 and $1 as of 2025 and 2024, respectively) | $3.4B | $2.6B | $2.5B | $2.6B |
| Assets held in separate accounts | $113.0B | $101.7B | $93.1B | $80.2B |
| Total assets | $178.9B | $163.9B | $157.1B | $147.7B |
| Future policy benefits | $9.0B | $9.3B | $9.6B | $10.1B |
| Contract owner account balances | $40.4B | $37.1B | $39.2B | $42.5B |
| Payables under securities loan and repurchase agreements, including collateral held | $1.3B | $1.3B | $1.1B | $1.3B |
| Short-term debt | $586.0M | $399.0M | $1.0M | $141.0M |
| Long-term debt | $1.5B | $2.1B | $2.1B | $2.1B |
| Derivatives | $282.0M | $332.0M | $371.0M | $389.0M |
| Other liabilities | $4.7B | $4.5B | $4.2B | $3.6B |
| Collateralized loan obligations notes, at fair value using the fair value option | $1.1B | $1.1B | $1.3B | $1.2B |
| Liabilities related to separate accounts | $113.0B | $101.7B | $93.1B | $80.2B |
| Total liabilities | $171.8B | $157.9B | $151.0B | $141.5B |
| Redeemable noncontrolling interest | $222.0M | $219.0M | $175.0M | $166.0M |
| Preferred stock (0.01 par value per share; $625000000 aggregate liquidation preference as of 2025 and 2024) | $0.00 | $0.00 | $0.00 | $0.00 |
| 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) | $1000000.00 | $1000000.00 | $1000000.00 | $1000000.00 |
| Treasury stock (at cost; 13,581,636 and 10,095,016 shares as of 2025 and 2024, respectively) | -1.0B | -754.0M | -56.0M | -39.0M |
| Additional paid-in capital | $6.4B | $6.3B | $6.1B | $6.6B |
| Accumulated other comprehensive income (loss) | ($1.8B) | ($2.5B) | ($2.4B) | ($1.8B) |
| Unappropriated | $1.4B | $954.0M | $505.0M | ($342.0M) |
| Total Voya Financial, Inc. shareholders' equity | $5.0B | $4.0B | $4.2B | $4.5B |
| Noncontrolling interest | $1.9B | $1.8B | $1.7B | $1.5B |
| Total shareholders' equity | $6.8B | $5.8B | $5.9B | $6.0B |
| Total liabilities and shareholder's equity | $178.9B | $163.9B | $157.1B | $147.7B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Fixed maturities, available-for-sale, at fair value | $58.7B | $59.1B | $59.8B | $58.2B |
| Fixed maturities, at fair value using the fair value option | $1.6B | $1.7B | $1.7B | $1.9B |
| Equity securities, at fair value | $202.0M | $193.0M | $198.0M | $210.0M |
| Short-term investments | $179.0M | $218.0M | $176.0M | $189.0M |
| Mortgage loans on real estate | $6.4B | $7.1B | $6.6B | $6.9B |
| Policy loans | $312.0M | $316.0M | $327.0M | $331.0M |
| Limited partnerships/corporations | $4.7B | $4.9B | $5.1B | $4.8B |
| Derivatives | $394.0M | $406.0M | $370.0M | $398.0M |
| Other investments | $178.0M | $180.0M | $146.0M | $158.0M |
| Securities pledged | $1.4B | $1.2B | $1.4B | $1.1B |
| Total investments | $37.6B | $38.1B | $38.2B | $37.6B |
| Cash and cash equivalents | $1.1B | $1.1B | $1.3B | $1.3B |
| Short-term investments under securities loan agreements, including collateral delivered | $964.0M | $1.0B | $1.0B | $1.0B |
| Accrued investment income | $413.0M | $426.0M | $427.0M | $414.0M |
| Premium receivable and reinsurance recoverable | $10.4B | $10.6B | $10.8B | $11.0B |
| Deferred policy acquisition costs ("DAC") and Value of business acquired ("VOBA") | $2.3B | $2.4B | $2.4B | $2.5B |
| Deferred income taxes | $1.9B | $1.9B | $1.9B | $2.0B |
| Goodwill | $804.0M | $804.0M | $804.0M | $804.0M |
| Other intangibles, net | $854.0M | $864.0M | $837.0M | $839.0M |
| Other assets | $3.3B | $3.3B | $3.5B | $3.5B |
| Corporate loans, at fair value using the fair value option | $6.4B | $7.1B | $6.6B | $6.9B |
| Assets held in separate accounts | $119.4B | $108.5B | $112.0B | $107.3B |
| Total assets | $182.9B | $173.4B | $177.4B | $172.4B |
| Future policy benefits | $8.8B | $8.8B | $9.2B | $9.2B |
| Contract owner account balances | $39.7B | $40.2B | $40.2B | $40.5B |
| Payables under securities loan and repurchase agreements, including collateral held | $1.3B | $1.2B | $1.4B | $1.1B |
| Short-term debt | $153.0M | $587.0M | $586.0M | $447.0M |
| Long-term debt | $1.9B | $1.9B | $1.5B | $1.7B |
| Derivatives | $248.0M | $262.0M | $288.0M | $309.0M |
| Other liabilities | $3.8B | $4.1B | $4.2B | $4.3B |
| Collateralized loan obligations notes, at fair value using the fair value option | $902.0M | $1.2B | $1.1B | $1.1B |
| Liabilities related to separate accounts | $119.4B | $108.5B | $112.0B | $107.3B |
| Total liabilities | $176.3B | $166.7B | $170.4B | $165.9B |
| Redeemable noncontrolling interest | $230.0M | $226.0M | $221.0M | $215.0M |
| Preferred stock ($0.01 par value per share; $625000000 aggregate liquidation preference as of 2025 and 2024) | $0.00 | $0.00 | $0.00 | $0.00 |
| Common stock ($0.01 par value per share; 900000000 shares authorized; 0 and 105,592,281 shares issued as of 2025 and 2024, respectively; 0 and 95,497,265 shares outstanding as of 2025 and 2024, respectively) | $1000000.00 | $1000000.00 | $1000000.00 | $1000000.00 |
| Treasury stock (at cost; 0 and 10,095,016 shares as of 2025 and 2024, respectively) | -1.3B | -1.2B | -883.0M | -796.0M |
| Additional paid-in capital | $6.4B | $6.4B | $6.3B | $6.3B |
| Accumulated other comprehensive income (loss) | ($2.0B) | ($2.1B) | ($1.8B) | ($2.1B) |
| Unappropriated | $1.6B | $1.5B | $1.3B | $1.2B |
| Total Voya Financial, Inc. shareholders' equity | $4.7B | $4.7B | $5.0B | $4.6B |
| Noncontrolling interest | $1.7B | $1.8B | $1.9B | $1.7B |
| Total shareholders' equity | $6.4B | $6.5B | $6.9B | $6.3B |
| Total liabilities, mezzanine equity and shareholders' equity | $182.9B | $173.4B | $177.4B | $172.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $733.0M | $742.0M | $729.0M | $433.0M |
| Deferred income tax expense (benefit) | $89.0M | $42.0M | ($62.0M) | $3.0M |
| Net (gains) losses | $130.0M | $27.0M | $72.0M | $685.0M |
| Share-based compensation | $72.0M | $96.0M | $126.0M | $90.0M |
| (Gains) losses on CIEs | ($189.0M) | ($196.0M) | ($230.0M) | $76.0M |
| (Gains) losses on limited partnerships/corporations | ($57.0M) | $0 | $33.0M | ($27.0M) |
| Deferred policy acquisition costs and value of business acquired | $137.0M | $102.0M | $113.0M | $67.0M |
| Premium receivable and reinsurance recoverable | $747.0M | $649.0M | $538.0M | $276.0M |
| Other receivables and asset accruals | ($35.0M) | ($153.0M) | $31.0M | ($220.0M) |
| Future policy benefits, claims reserves and interest credited | $109.0M | $465.0M | $272.0M | $369.0M |
| Other payables and accruals | $107.0M | ($70.0M) | ($95.0M) | ($255.0M) |
| (Increase) decrease in cash held by CIEs | ($659.0M) | ($511.0M) | ($98.0M) | ($355.0M) |
| Other, net | $104.0M | $152.0M | $209.0M | $156.0M |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total | $1.3B | $1.3B | $1.6B | $1.4B |
| Fixed maturities | $8.7B | $6.2B | $7.0B | $7.9B |
| Equity securities | $131.0M | $36.0M | $139.0M | $5.0M |
| Mortgage loans on real estate | $902.0M | $784.0M | $600.0M | $854.0M |
| Limited partnerships/corporations | $382.0M | $292.0M | $470.0M | $256.0M |
| Fixed maturities | ($9.0B) | ($5.5B) | ($4.4B) | ($8.5B) |
| Equity securities | ($80.0M) | ($59.0M) | ($28.0M) | ($76.0M) |
| Mortgage loans on real estate | ($1.0B) | ($301.0M) | ($408.0M) | ($669.0M) |
| Limited partnerships/corporations | ($396.0M) | ($464.0M) | ($307.0M) | ($353.0M) |
| Short-term investments, net | ($2.0M) | $119.0M | $144.0M | ($260.0M) |
| Derivatives, net | ($27.0M) | $206.0M | $81.0M | $291.0M |
| Sales from CIEs | $1.2B | $1.5B | $962.0M | $849.0M |
| Purchases within CIEs | ($2.4B) | ($2.6B) | ($1.2B) | ($2.3B) |
| Increase (Decrease) in Collateral Held under Securities Lending | $8.0M | $167.0M | ($19.0M) | $54.0M |
| Receipts on deposit asset contracts | $121.0M | $217.0M | $253.0M | $126.0M |
| Net cash and cash equivalents acquired (paid) related to business acquisitions (1) | $224.0M | $0 | ($584.0M) | — |
| Payment for (Proceeds from) Other Investing Activity | ($103.0M) | ($132.0M) | ($87.0M) | ($67.0M) |
| Net cash provided by (used in) investing activities | ($1.4B) | $481.0M | $2.5B | ($1.9B) |
| Deposits received for investment contracts | $4.0B | $2.9B | $2.5B | $5.8B |
| Maturities and withdrawals from investment contracts | ($5.1B) | ($5.6B) | ($6.4B) | ($6.4B) |
| Proceeds from issuance of long-term debt | $0 | $397.0M | $388.0M | — |
| Repayments of long-term debt, including current maturities | ($400.0M) | ($1.0M) | ($541.0M) | ($366.0M) |
| Borrowings of CIEs | $1.5B | $1.2B | $487.0M | $1.6B |
| Repayments of borrowings of CIEs | ($1.6B) | ($1.1B) | ($687.0M) | ($932.0M) |
| Contributions from (distributions to) participants in CIEs, net | $2.1B | $1.6B | $772.0M | $1.2B |
| Proceeds from issuance of common stock, net | $5.0M | $6.0M | $0 | $7.0M |
| Common stock acquired - Share repurchase | ($200.0M) | ($640.0M) | ($369.0M) | ($750.0M) |
| Dividends paid on preferred stock | ($41.0M) | ($41.0M) | ($127.0M) | ($83.0M) |
| Dividends paid on common stock | ($178.0M) | ($171.0M) | ($36.0M) | ($36.0M) |
| Other, net | ($138.0M) | ($95.0M) | ($92.0M) | ($70.0M) |
| Net cash provided by (used in) financing activities | ($85.0M) | ($1.4B) | ($4.1B) | $28.0M |
| Net increase (decrease) in cash and cash equivalents, including cash in CIEs | ($166.0M) | $396.0M | $111.0M | ($566.0M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net cash provided by (used in) operating activities | $467.0M | ($36.0M) | $731.0M | $563.0M |
| Fixed maturities | $4.4B | $2.1B | $6.6B | $4.1B |
| Equity securities | $40.0M | $26.0M | $128.0M | $82.0M |
| Mortgage loans on real estate | $618.0M | $174.0M | $665.0M | $391.0M |
| Limited partnerships/corporations | $139.0M | $74.0M | $189.0M | $107.0M |
| Fixed maturities | ($4.1B) | ($2.1B) | ($6.7B) | ($3.8B) |
| Equity securities | ($35.0M) | ($21.0M) | ($76.0M) | ($42.0M) |
| Mortgage loans on real estate | ($496.0M) | ($228.0M) | ($600.0M) | ($447.0M) |
| Limited partnerships/corporations | ($106.0M) | ($55.0M) | ($279.0M) | ($214.0M) |
| Short-term investments, net | ($34.0M) | ($73.0M) | ($23.0M) | ($42.0M) |
| Derivatives, net | $45.0M | $18.0M | ($31.0M) | ($44.0M) |
| Sales from CIEs | $907.0M | $464.0M | $918.0M | $664.0M |
| Purchases within CIEs | ($1.1B) | ($640.0M) | ($2.1B) | ($1.1B) |
| Collateral received (delivered), net | $56.0M | ($71.0M) | $85.0M | ($156.0M) |
| Receipts on deposit asset contracts | $53.0M | $27.0M | $94.0M | $64.0M |
| Cash and cash equivalents acquired from business acquisitions, net of cash paid | $0 | $0 | $224.0M | $224.0M |
| Other, net | ($4.0M) | $8.0M | ($60.0M) | ($41.0M) |
| Net cash provided by (used in) investing activities | $372.0M | ($352.0M) | ($997.0M) | ($279.0M) |
| Deposits received for investment contracts | $1.8B | $1.0B | $2.8B | $2.0B |
| Maturities and withdrawals from investment contracts | ($2.8B) | ($1.3B) | ($4.0B) | ($2.7B) |
| Proceeds from issuance of long-term debt, net | $446.0M | $395.0M | $0 | — |
| Repayments of long-term debt, including current maturities | ($447.0M) | $0 | ($400.0M) | ($400.0M) |
| Borrowings of CIEs | $683.0M | $427.0M | $1.4B | $719.0M |
| Repayments of borrowings of CIEs | ($720.0M) | ($447.0M) | ($1.6B) | ($831.0M) |
| Contributions from (distributions to) participants in CIEs, net | $543.0M | $438.0M | $2.1B | $965.0M |
| Proceeds from issuance of common stock, net | $3.0M | $3.0M | $5.0M | $3.0M |
| Common stock acquired - Share repurchase | ($300.0M) | ($150.0M) | ($100.0M) | $0 |
| Dividends paid on preferred stock | ($21.0M) | ($17.0M) | ($37.0M) | ($21.0M) |
| Dividends paid on common stock (including dividend equivalent payments of $4 and $3 as of 2026 and 2025, respectively) | ($90.0M) | ($44.0M) | ($133.0M) | ($90.0M) |
| Contingent consideration paid | $130.0M | $129.0M | — | — |
| Other, net | ($60.0M) | ($47.0M) | ($117.0M) | ($101.0M) |
| Net cash provided by (used in) financing activities | ($1.1B) | $130.0M | $28.0M | ($477.0M) |
| Net increase (decrease) in cash and cash equivalents, including cash in CIEs | ($263.0M) | ($258.0M) | ($238.0M) | ($193.0M) |
| Cash and cash equivalents, including cash in CIEs, beginning of period | $1.3B | $1.3B | $1.5B | $1.5B |
| Cash and cash equivalents, including cash in CIEs, end of period | $1.1B | $1.1B | $1.3B | $1.3B |
| Cash and cash equivalents | $1.1B | $1.1B | $1.3B | $1.3B |
| Total cash and cash equivalents, including cash in CIEs | $1.1B | $1.1B | $1.3B | $1.3B |
Voya Financial, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.