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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $35,955 as of 2020 and $35,836 as of 2019; allowance for credit losses of $7 as of 2020) $ 37,584.0 $ 39,663.0
Fixed maturities, at fair value using the fair value option 2,855.0 2,707.0
Equity securities, at fair value (cost of $142 as of 2020 and $196 as of 2019) 176.0 196.0
Short-term investments 80.0 68.0
Mortgage loans on real estate, net of valuation allowance 6,969.0 6,878.0
Less: Allowance for credit losses 22.0 0.0
Mortgage loans on real estate, net 6,947.0 6,878.0
Policy loans 763.0 776.0
Limited partnerships/corporations 1,343.0 1,290.0
Derivatives 875.0 316.0
Other investments 392.0 385.0
Total investments 52,570.0 53,687.0
Cash and cash equivalents 1,033.0 1,181.0
Short-term investments under securities loan agreements, including collateral delivered 2,183.0 1,395.0
Accrued investment income 541.0 505.0
Premium receivable and reinsurance recoverable 3,744.0 3,732.0
Less: Allowance for credit losses on reinsurance recoverable 22.0 0.0
Premium receivable and reinsurance recoverable 3,722.0 3,732.0
Deferred policy acquisition costs and Value of business acquired 2,603.0 2,226.0
Deferred income taxes 1,769.0 1,458.0
Other assets 1,086.0 902.0
Assets related to consolidated investment entities:    
Assets held in separate accounts 68,937.0 81,670.0
Assets held for sale 19,133.0 20,069.0
Total assets 155,732.0 169,051.0
Liabilities and Shareholders' Equity:    
Future policy benefits 9,640.0 9,945.0
Contract owner account balances 41,981.0 40,923.0
Payables under securities loan and repurchase agreements, including collateral held 2,065.0 1,373.0
Short-term debt 1.0 1.0
Long-term debt 3,042.0 3,042.0
Derivatives 1,068.0 403.0
Pension and other postretirement provisions 442.0 468.0
Current income taxes 30.0 27.0
Other liabilities 1,249.0 1,345.0
Liabilities related to consolidated investment entities:    
Collateralized loan obligations notes, at fair value using the fair value option 368.0 474.0
Other liabilities 672.0 652.0
Liabilities related to separate accounts 68,937.0 81,670.0
Liabilities held for sale 17,972.0 18,498.0
Total liabilities 147,467.0 158,821.0
Commitments and Contingencies (Note 13)
Shareholders' equity:    
Preferred stock ($0.01 par value per share; $625 aggregate liquidation preference as of 2020 and 2019) 0.0 0.0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 142,899,061 and 140,726,677 shares issued as of 2020 and 2019, respectively; 126,127,821 and 132,325,790 shares outstanding as of 2020 and 2019, respectively) 2.0 2.0
Treasury stock (at cost; 16,771,240 and 8,400,887 shares as of 2020 and 2019, respectively) (882.0) (460.0)
Additional paid-in capital 11,232.0 11,184.0
Accumulated other comprehensive income (loss) 1,841.0 3,331.0
Retained earnings (deficit):    
Unappropriated (4,766.0) (4,649.0)
Total Voya Financial, Inc. shareholders' equity 7,427.0 9,408.0
Noncontrolling interest 838.0 822.0
Total shareholders' equity 8,265.0 10,230.0
Total liabilities and shareholders' equity 155,732.0 169,051.0
Limited partnerships/corporations, at fair value    
Assets related to consolidated investment entities:    
Assets related to consolidated investment entities 1,655.0 1,632.0
Cash and cash equivalents    
Assets related to consolidated investment entities:    
Assets related to consolidated investment entities 52.0 68.0
Corporate loans, at fair value using the fair value option    
Assets related to consolidated investment entities:    
Assets related to consolidated investment entities 432.0 513.0
Other assets    
Assets related to consolidated investment entities:    
Assets related to consolidated investment entities 16.0 13.0
Collateral Pledged    
Investments:    
Securities pledged (amortized cost of $1,416 as of 2020 and $1,264 as of 2019) $ 1,555.0 $ 1,408.0