XML 184 R167.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:                      
Net investment income                 $ 3,294 $ 3,354 $ 3,343
Fee income                 2,627 2,471 2,470
Premiums                 2,121 2,795 2,554
Net realized capital gains (losses):                      
Total other-than-temporary impairments                 (30) (32) (78)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)                 (9) 2 5
Net other-than-temporary impairments recognized in earnings                 (21) (34) (83)
Other net realized capital gains (losses)                 (206) (329) (477)
Total net realized capital gains (losses)                 (227) (363) (560)
Other revenue                 371 342 385
Income (loss) related to consolidated investment entities:                      
Net investment income                 432 189 551
Changes in fair value related to collateralized loan obligations                 0 0 (27)
Total revenues $ 2,186 $ 2,184 $ 2,191 $ 2,057 $ 2,324 $ 2,110 $ 2,088 $ 2,266 8,618 8,788 8,716
Benefits and expenses:                      
Policyholder benefits                 3,030 3,710 3,161
Interest credited to contract owner account balances                 1,606 1,604 1,537
Operating expenses                 2,654 2,655 2,684
Net amortization of Deferred policy acquisition costs and Value of business acquired                 529 415 377
Interest expense                 184 288 197
Operating expenses related to consolidated investment entities                 87 106 284
Interest expense                 80 102 272
Other expense                 7 4 12
Total benefits and expenses 1,966 2,144 2,036 1,944 2,216 2,216 2,118 2,228 8,090 8,778 8,240
Income (loss) from continuing operations before income taxes 220 40 155 113 108 (106) (30) 38 528 10 476
Income tax expense (benefit)                 740 (29) 84
Income (loss) from continuing operations                 (212) 39 392
Income (loss) from discontinued operations, net of tax (2,616) 134 64 (162) (478) (145) 137 149 (2,580) (337) 146
Net income (loss) before equity in earnings (losses) of subsidiaries                 (2,792) (298) 538
Equity in earnings (losses) of subsidiaries, net of tax                 0 0 0
Net income (loss) (3,083) 214 219 (142) (375) (251) 137 191 (2,792) (298) 538
Less: Net income (loss) attributable to noncontrolling interest 82 65 52 1 42 12 (25) 0 200 29 130
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (3,165) $ 149 $ 167 $ (143) $ (417) $ (263) $ 162 $ 191 (2,992) (327) 408
Consolidating Adjustments                      
Revenues:                      
Net investment income                 (13) (12) (9)
Fee income                 0 0 0
Premiums                 0 0 0
Net realized capital gains (losses):                      
Total other-than-temporary impairments                 0 0 0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)                 0 0 0
Net other-than-temporary impairments recognized in earnings                 0 0 0
Other net realized capital gains (losses)                 0 0 0
Total net realized capital gains (losses)                 0 0 0
Other revenue                 0 0 (3)
Income (loss) related to consolidated investment entities:                      
Net investment income                 0 0 0
Changes in fair value related to collateralized loan obligations                     0
Total revenues                 (13) (12) (12)
Benefits and expenses:                      
Policyholder benefits                 0 0 0
Interest credited to contract owner account balances                 0 0 0
Operating expenses                 0 0 (3)
Net amortization of Deferred policy acquisition costs and Value of business acquired                 0 0 0
Interest expense                 (13) (12) (9)
Interest expense                 0 0 0
Other expense                 0 0 0
Total benefits and expenses                 (13) (12) (12)
Income (loss) from continuing operations before income taxes                 0 0 0
Income tax expense (benefit)                 0 17 (21)
Income (loss) from continuing operations                 0 (17) 21
Income (loss) from discontinued operations, net of tax                 0 0 0
Net income (loss) before equity in earnings (losses) of subsidiaries                 0 (17) 21
Equity in earnings (losses) of subsidiaries, net of tax                 5,379 (126) (768)
Net income (loss)                 5,379 (143) (747)
Less: Net income (loss) attributable to noncontrolling interest                 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 5,379 (143) (747)
Parent Issuer                      
Revenues:                      
Net investment income                 33 19 4
Fee income                 0 0 0
Premiums                 0 0 0
Net realized capital gains (losses):                      
Total other-than-temporary impairments                 0 0 0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)                 0 0 0
Net other-than-temporary impairments recognized in earnings                 0 0 0
Other net realized capital gains (losses)                 0 1 (2)
Total net realized capital gains (losses)                 0 1 (2)
Other revenue                 8 1 3
Income (loss) related to consolidated investment entities:                      
Net investment income                 0 0 0
Changes in fair value related to collateralized loan obligations                     0
Total revenues                 41 21 5
Benefits and expenses:                      
Policyholder benefits                 0 0 0
Interest credited to contract owner account balances                 0 0 0
Operating expenses                 9 9 10
Net amortization of Deferred policy acquisition costs and Value of business acquired                 0 0 0
Interest expense                 155 238 150
Interest expense                 0 0 0
Other expense                 0 0 0
Total benefits and expenses                 164 247 160
Income (loss) from continuing operations before income taxes                 (123) (226) (155)
Income tax expense (benefit)                 113 (90) (52)
Income (loss) from continuing operations                 (236) (136) (103)
Income (loss) from discontinued operations, net of tax                 0 0 0
Net income (loss) before equity in earnings (losses) of subsidiaries                 (236) (136) (103)
Equity in earnings (losses) of subsidiaries, net of tax                 (2,756) (191) 511
Net income (loss)                 (2,992) (327) 408
Less: Net income (loss) attributable to noncontrolling interest                 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 (2,992) (327) 408
Subsidiary Guarantor                      
Revenues:                      
Net investment income                 0 0 0
Fee income                 0 0 0
Premiums                 0 0 0
Net realized capital gains (losses):                      
Total other-than-temporary impairments                 0 0 0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)                 0 0 0
Net other-than-temporary impairments recognized in earnings                 0 0 0
Other net realized capital gains (losses)                 0 0 0
Total net realized capital gains (losses)                 0 0 0
Other revenue                 1 0 0
Income (loss) related to consolidated investment entities:                      
Net investment income                 0 0 0
Changes in fair value related to collateralized loan obligations                     0
Total revenues                 1 0 0
Benefits and expenses:                      
Policyholder benefits                 0 0 0
Interest credited to contract owner account balances                 0 0 0
Operating expenses                 0 0 (1)
Net amortization of Deferred policy acquisition costs and Value of business acquired                 0 0 0
Interest expense                 37 57 51
Interest expense                 0 0 0
Other expense                 0 0 0
Total benefits and expenses                 37 57 50
Income (loss) from continuing operations before income taxes                 (36) (57) (50)
Income tax expense (benefit)                 3 (26) 0
Income (loss) from continuing operations                 (39) (31) (50)
Income (loss) from discontinued operations, net of tax                 0 0 0
Net income (loss) before equity in earnings (losses) of subsidiaries                 (39) (31) (50)
Equity in earnings (losses) of subsidiaries, net of tax                 (2,623) 317 257
Net income (loss)                 (2,662) 286 207
Less: Net income (loss) attributable to noncontrolling interest                 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 (2,662) 286 207
Non-Guarantor Subsidiaries                      
Revenues:                      
Net investment income                 3,274 3,347 3,348
Fee income                 2,627 2,471 2,470
Premiums                 2,121 2,795 2,554
Net realized capital gains (losses):                      
Total other-than-temporary impairments                 (30) (32) (78)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)                 (9) 2 5
Net other-than-temporary impairments recognized in earnings                 (21) (34) (83)
Other net realized capital gains (losses)                 (206) (330) (475)
Total net realized capital gains (losses)                 (227) (364) (558)
Other revenue                 362 341 385
Income (loss) related to consolidated investment entities:                      
Net investment income                 432 189 551
Changes in fair value related to collateralized loan obligations                     (27)
Total revenues                 8,589 8,779 8,723
Benefits and expenses:                      
Policyholder benefits                 3,030 3,710 3,161
Interest credited to contract owner account balances                 1,606 1,604 1,537
Operating expenses                 2,645 2,646 2,678
Net amortization of Deferred policy acquisition costs and Value of business acquired                 529 415 377
Interest expense                 5 5 5
Interest expense                 80 102 272
Other expense                 7 4 12
Total benefits and expenses                 7,902 8,486 8,042
Income (loss) from continuing operations before income taxes                 687 293 681
Income tax expense (benefit)                 624 70 157
Income (loss) from continuing operations                 63 223 524
Income (loss) from discontinued operations, net of tax                 (2,580) (337) 146
Net income (loss) before equity in earnings (losses) of subsidiaries                 (2,517) (114) 670
Equity in earnings (losses) of subsidiaries, net of tax                 0 0 0
Net income (loss)                 (2,517) (114) 670
Less: Net income (loss) attributable to noncontrolling interest                 200 29 130
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 $ (2,717) $ (143) $ 540