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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net investment income $ 586 $ 712 $ 1,284 $ 1,370
Fee income 458 483 963 965
Premiums 607 577 1,215 1,152
Net realized capital gains (losses):        
Total impairments (50) (3) (70) (29)
Other net realized capital gains (losses) 49 28 (164) 42
Total net realized capital gains (losses) (1) 25 (234) 13
Other revenue 81 105 173 219
Income (loss) related to consolidated investment entities:        
Net investment income (68) 67 (53) 72
Total revenues 1,663 1,969 3,348 3,791
Benefits and expenses:        
Policyholder benefits 711 659 1,307 1,304
Interest credited to contract owner account balances 286 292 572 581
Operating expenses 643 670 1,283 1,352
Net amortization of Deferred policy acquisition costs and Value of business acquired 19 43 95 100
Interest expense 40 42 80 84
Operating expenses related to consolidated investment entities:        
Interest expense 10 16 13 21
Other expense 2 4 2 4
Total benefits and expenses 1,711 1,726 3,352 3,446
Income (loss) from continuing operations before income taxes (48) 243 (4) 345
Income tax expense (benefit) 5 33 (1) 42
Income (loss) from continuing operations (53) 210 (3) 303
Income (loss) from discontinued operations, net of tax (93) 42 (221) 22
Net income (loss) (146) 252 (224) 325
Less: Net income (loss) attributable to noncontrolling interest (79) 26 (73) 25
Net income (loss) available to Voya Financial, Inc. (67) 226 (151) 300
Less: Preferred stock dividends 4 0 18 10
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (71) $ 226 $ (169) $ 290
Net income (loss) per common share:        
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.17 $ 1.27 $ 0.40 $ 1.84
Income (loss) available to Voya Financial, Inc.'s common shareholders (0.56) 1.57 (1.32) 1.99
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders 0.17 1.22 0.39 1.78
Income (loss) available to Voya Financial, Inc.'s common shareholders $ (0.55) $ 1.51 $ (1.27) $ 1.93