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Consolidated Investment Entities - Consolidation of Investment Entities into the Consolidated Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:                      
Net investment income                 $ 2,792.0 $ 2,669.0 $ 2,641.0
Fee income                 1,969.0 1,982.0 1,889.0
Premiums                 2,273.0 2,132.0 2,097.0
Total net realized capital gains (losses)                 (166.0) (355.0) (209.0)
Other revenue                 465.0 443.0 379.0
Income related to consolidated investment entities                 143.0 292.0 432.0
Total revenues $ 1,810.0 $ 1,875.0 $ 1,969.0 $ 1,822.0 $ 1,851.0 $ 1,890.0 $ 1,761.0 $ 1,661.0 7,476.0 7,163.0 7,229.0
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 3,750.0 3,526.0 3,658.0
Other expense                 3,121.0 3,060.0 3,099.0
Operating expenses related to consolidated investment entities                 45.0 49.0 87.0
Total benefits and expenses 1,744.0 1,726.0 1,726.0 1,720.0 1,725.0 1,661.0 1,596.0 1,653.0 6,916.0 6,635.0 6,844.0
Income (loss) from continuing operations before income taxes 66.0 149.0 243.0 102.0 126.0 229.0 165.0 8.0 560.0 528.0 385.0
Income tax expense (benefit)                 (205.0) 37.0 687.0
Income (Loss) from continuing operations                 765.0 491.0 (302.0)
Income (loss) from discontinued operations, net of tax (1,084.0) (4.0) 42.0 (20.0) 29.0 (32.0) 92.0 440.0 (1,066.0) 529.0 (2,473.0)
Net income (loss) (766.0) 140.0 252.0 73.0 177.0 168.0 229.0 446.0 (301.0) 1,020.0 (2,775.0)
Less: Net income (loss) attributable to noncontrolling interest 6.0 19.0 26.0 (1.0) 57.0 26.0 62.0 0.0 50.0 145.0 217.0
Net income (loss) available to Voya Financial, Inc. (772.0) 121.0 226.0 74.0 120.0 142.0 167.0 446.0 (351.0) 875.0 (2,992.0)
Less: Preferred stock dividends 4.0 14.0 0.0 10.0 0.0 0.0 0.0 0.0 28.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (776.0) $ 107.0 $ 226.0 $ 64.0 $ 120.0 $ 142.0 $ 167.0 $ 446.0 (379.0) 875.0 (2,992.0)
Before Consolidation                      
Revenues:                      
Net investment income                 2,801.0 2,716.0 2,721.0
Fee income                 2,008.0 2,033.0 1,937.0
Premiums                 2,273.0 2,132.0 2,097.0
Total net realized capital gains (losses)                 (166.0) (355.0) (209.0)
Other revenue                 465.0 443.0 379.0
Income related to consolidated investment entities                 (1.0) 0.0 0.0
Total revenues                 7,380.0 6,969.0 6,925.0
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 3,750.0 3,526.0 3,658.0
Other expense                 3,121.0 3,060.0 3,099.0
Operating expenses related to consolidated investment entities                 (1.0) 0.0 0.0
Total benefits and expenses                 6,870.0 6,586.0 6,757.0
Income (loss) from continuing operations before income taxes                 510.0 383.0 168.0
Income tax expense (benefit)                 (205.0) 37.0 687.0
Income (Loss) from continuing operations                 715.0 346.0 (519.0)
Income (loss) from discontinued operations, net of tax                 (1,066.0) 529.0 (2,473.0)
Net income (loss)                 (351.0) 875.0 (2,992.0)
Less: Net income (loss) attributable to noncontrolling interest                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.                 (351.0) 875.0 (2,992.0)
Less: Preferred stock dividends                 28.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 (379.0) 875.0 (2,992.0)
CLOs                      
Revenues:                      
Net investment income                 0.0 0.0 0.0
Fee income                 0.0 0.0 0.0
Premiums                 0.0 0.0 0.0
Total net realized capital gains (losses)                 0.0 0.0 0.0
Other revenue                 0.0 0.0 0.0
Income related to consolidated investment entities                 23.0 28.0 82.0
Total revenues                 23.0 28.0 82.0
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 0.0 0.0 0.0
Other expense                 0.0 0.0 0.0
Operating expenses related to consolidated investment entities                 23.0 28.0 82.0
Total benefits and expenses                 23.0 28.0 82.0
Income (loss) from continuing operations before income taxes                 0.0 0.0 0.0
Income tax expense (benefit)                 0.0 0.0 0.0
Income (Loss) from continuing operations                 0.0 0.0 0.0
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss)                 0.0 0.0 0.0
Less: Net income (loss) attributable to noncontrolling interest                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.                 0.0 0.0 0.0
Less: Preferred stock dividends                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 0.0 0.0 0.0
LPs and VOEs                      
Revenues:                      
Net investment income                 0.0 0.0 0.0
Fee income                 0.0 0.0 0.0
Premiums                 0.0 0.0 0.0
Total net realized capital gains (losses)                 0.0 0.0 0.0
Other revenue                 0.0 0.0 0.0
Income related to consolidated investment entities                 121.0 264.0 350.0
Total revenues                 121.0 264.0 350.0
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 0.0 0.0 0.0
Other expense                 0.0 0.0 0.0
Operating expenses related to consolidated investment entities                 64.0 73.0 55.0
Total benefits and expenses                 64.0 73.0 55.0
Income (loss) from continuing operations before income taxes                 57.0 191.0 295.0
Income tax expense (benefit)                 0.0 0.0 0.0
Income (Loss) from continuing operations                 57.0 191.0 295.0
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss)                 57.0 191.0 295.0
Less: Net income (loss) attributable to noncontrolling interest                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.                 57.0 191.0 295.0
Less: Preferred stock dividends                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 57.0 191.0 295.0
CLOs Adjustments                      
Revenues:                      
Net investment income                 (1.0) (1.0) (2.0)
Fee income                 (2.0) (3.0) (9.0)
Premiums                 0.0 0.0 0.0
Total net realized capital gains (losses)                 0.0 0.0 0.0
Other revenue                 0.0 0.0 0.0
Income related to consolidated investment entities                 0.0 0.0 0.0
Total revenues                 (3.0) (4.0) (11.0)
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 0.0 0.0 0.0
Other expense                 0.0 0.0 0.0
Operating expenses related to consolidated investment entities                 (3.0) (4.0) (11.0)
Total benefits and expenses                 (3.0) (4.0) (11.0)
Income (loss) from continuing operations before income taxes                 0.0 0.0 0.0
Income tax expense (benefit)                 0.0 0.0 0.0
Income (Loss) from continuing operations                 0.0 0.0 0.0
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss)                 0.0 0.0 0.0
Less: Net income (loss) attributable to noncontrolling interest                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.                 0.0 0.0 0.0
Less: Preferred stock dividends                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 0.0 0.0 0.0
LPs and VOEs Adjustments                      
Revenues:                      
Net investment income                 (8.0) (46.0) (78.0)
Fee income                 (37.0) (48.0) (39.0)
Premiums                 0.0 0.0 0.0
Total net realized capital gains (losses)                 0.0 0.0 0.0
Other revenue                 0.0 0.0 0.0
Income related to consolidated investment entities                 0.0 0.0 0.0
Total revenues                 (45.0) (94.0) (117.0)
Benefits and expenses:                      
Policyholder benefits and Interest credited and other benefits to contract owners                 0.0 0.0 0.0
Other expense                 0.0 0.0 0.0
Operating expenses related to consolidated investment entities                 (38.0) (48.0) (39.0)
Total benefits and expenses                 (38.0) (48.0) (39.0)
Income (loss) from continuing operations before income taxes                 (7.0) (46.0) (78.0)
Income tax expense (benefit)                 0.0 0.0 0.0
Income (Loss) from continuing operations                 (7.0) (46.0) (78.0)
Income (loss) from discontinued operations, net of tax                 0.0 0.0 0.0
Net income (loss)                 (7.0) (46.0) (78.0)
Less: Net income (loss) attributable to noncontrolling interest                 50.0 145.0 217.0
Net income (loss) available to Voya Financial, Inc.                 (57.0) (191.0) (295.0)
Less: Preferred stock dividends                 0.0 0.0 0.0
Net income (loss) available to Voya Financial, Inc.'s common shareholders                 $ (57.0) $ (191.0) $ (295.0)