XML 113 R101.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2018
Investments:            
Fixed maturities, available-for-sale, at fair value $ 42,330.0   $ 39,663.0      
Fixed maturities, at fair value using the fair value option 3,014.0   2,707.0      
Equity securities, at fair value 371.0   196.0      
Short-term investments 70.0   68.0      
Mortgage loans on real estate, net of valuation allowance 6,817.0   6,878.0      
Less: Allowance for credit losses 55.0   0.0      
Mortgage loans on real estate, net 6,762.0   6,878.0      
Policy loans 735.0   776.0      
Limited partnerships/corporations 1,383.0   1,290.0      
Derivatives 270.0   316.0      
Investments in subsidiaries 0.0   0.0      
Other investments 319.0   385.0      
Total investments 56,081.0   53,687.0      
Cash and cash equivalents 1,052.0   1,181.0 $ 1,155.0    
Short-term investments under securities loan agreements, including collateral delivered 664.0   1,395.0      
Accrued investment income 545.0   505.0      
Premium receivable and reinsurance recoverable 3,676.0   3,732.0      
Less: Allowance for credit losses on reinsurance recoverable 19.0   0.0      
Premium receivable and reinsurance recoverable 3,657.0   3,732.0      
Deferred policy acquisition costs and Value of business acquired 1,669.0   2,226.0 2,198.0   $ 2,973.0
Deferred income taxes 1,314.0   1,458.0      
Loans to subsidiaries and affiliates 0.0   0.0      
Due from subsidiaries and affiliates 0.0   0.0      
Other assets 812.0   902.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 82,879.0   81,670.0      
Assets held for sale 20,180.0   20,069.0      
Total assets 171,466.0   169,051.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 10,295.0   9,945.0      
Contract owner account balances 42,187.0   40,923.0      
Payables under securities loan and repurchase agreements, including collateral held 575.0   1,373.0      
Short-term debt 1.0   1.0      
Long-term debt 3,043.0   3,042.0      
Derivatives 434.0   403.0      
Pension and other postretirement provisions 375.0   468.0      
Current income taxes 9.0   27.0      
Due to subsidiaries and affiliates 0.0   0.0      
Other liabilities 1,419.0   1,345.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 538.0   474.0      
Other liabilities 834.0   652.0      
Liabilities related to separate accounts 82,879.0   81,670.0      
Liabilities held for sale 18,232.0   18,498.0      
Total liabilities 160,821.0   158,821.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 9,657.0   9,408.0      
Noncontrolling interest 988.0   822.0      
Total shareholders' equity 10,645.0 $ 10,289.0 10,230.0 11,213.0 $ 10,740.0 $ 8,941.0
Total liabilities and shareholders' equity 171,466.0   169,051.0      
Consolidating Adjustments            
Investments:            
Fixed maturities, available-for-sale, at fair value (14.0)   (15.0)      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 0.0   0.0      
Derivatives 0.0   0.0      
Investments in subsidiaries (20,248.0)   (19,496.0)      
Other investments 0.0   0.0      
Total investments (20,262.0)   (19,511.0)      
Cash and cash equivalents 0.0   0.0 0.0    
Short-term investments under securities loan agreements, including collateral delivered 0.0   0.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 0.0   0.0      
Loans to subsidiaries and affiliates (649.0)   (233.0)      
Due from subsidiaries and affiliates (7.0)   (8.0)      
Other assets 0.0   0.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets (20,918.0)   (19,752.0)      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 0.0   0.0      
Short-term debt (649.0)   (233.0)      
Long-term debt (15.0)   (15.0)      
Derivatives 0.0   0.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes 0.0   0.0      
Due to subsidiaries and affiliates (5.0)   (6.0)      
Other liabilities (2.0)   (2.0)      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities (671.0)   (256.0)      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity (20,247.0)   (19,496.0)      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity (20,247.0)   (19,496.0)      
Total liabilities and shareholders' equity (20,918.0)   (19,752.0)      
Parent Issuer            
Investments:            
Fixed maturities, available-for-sale, at fair value 5.0   5.0      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 6.0   4.0      
Derivatives 52.0   49.0      
Investments in subsidiaries 11,501.0   11,003.0      
Other investments 0.0   0.0      
Total investments 11,564.0   11,061.0      
Cash and cash equivalents 223.0   212.0 211.0    
Short-term investments under securities loan agreements, including collateral delivered 11.0   11.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 839.0   816.0      
Loans to subsidiaries and affiliates 219.0   164.0      
Due from subsidiaries and affiliates 5.0   2.0      
Other assets 5.0   7.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets 12,866.0   12,273.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 4.0   0.0      
Short-term debt 431.0   69.0      
Long-term debt 2,670.0   2,669.0      
Derivatives 48.0   50.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes 1.0   28.0      
Due to subsidiaries and affiliates 0.0   4.0      
Other liabilities 55.0   45.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities 3,209.0   2,865.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 9,657.0   9,408.0      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity 9,657.0   9,408.0      
Total liabilities and shareholders' equity 12,866.0   12,273.0      
Subsidiary Guarantor            
Investments:            
Fixed maturities, available-for-sale, at fair value 0.0   0.0      
Fixed maturities, at fair value using the fair value option 0.0   0.0      
Equity securities, at fair value 0.0   0.0      
Short-term investments 0.0   0.0      
Mortgage loans on real estate, net of valuation allowance 0.0   0.0      
Less: Allowance for credit losses 0.0   0.0      
Mortgage loans on real estate, net 0.0   0.0      
Policy loans 0.0   0.0      
Limited partnerships/corporations 0.0   0.0      
Derivatives 0.0   0.0      
Investments in subsidiaries 8,747.0   8,493.0      
Other investments 0.0   0.0      
Total investments 8,747.0   8,493.0      
Cash and cash equivalents 1.0   0.0 0.0    
Short-term investments under securities loan agreements, including collateral delivered 0.0   0.0      
Accrued investment income 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Less: Allowance for credit losses on reinsurance recoverable 0.0   0.0      
Premium receivable and reinsurance recoverable 0.0   0.0      
Deferred policy acquisition costs and Value of business acquired 0.0   0.0      
Deferred income taxes 37.0   39.0      
Loans to subsidiaries and affiliates 0.0   0.0      
Due from subsidiaries and affiliates 0.0   0.0      
Other assets 0.0   0.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 0.0   0.0      
Assets held for sale 0.0   0.0      
Total assets 8,785.0   8,532.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 0.0   0.0      
Contract owner account balances 0.0   0.0      
Payables under securities loan and repurchase agreements, including collateral held 0.0   0.0      
Short-term debt 40.0   87.0      
Long-term debt 371.0   371.0      
Derivatives 0.0   0.0      
Pension and other postretirement provisions 0.0   0.0      
Current income taxes (27.0)   (17.0)      
Due to subsidiaries and affiliates 0.0   0.0      
Other liabilities 5.0   10.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 0.0   0.0      
Other liabilities 0.0   0.0      
Liabilities related to separate accounts 0.0   0.0      
Liabilities held for sale 0.0   0.0      
Total liabilities 389.0   451.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 8,396.0   8,081.0      
Noncontrolling interest 0.0   0.0      
Total shareholders' equity 8,396.0   8,081.0      
Total liabilities and shareholders' equity 8,785.0   8,532.0      
Non-Guarantor Subsidiaries            
Investments:            
Fixed maturities, available-for-sale, at fair value 42,339.0   39,673.0      
Fixed maturities, at fair value using the fair value option 3,014.0   2,707.0      
Equity securities, at fair value 371.0   196.0      
Short-term investments 70.0   68.0      
Mortgage loans on real estate, net of valuation allowance 6,817.0   6,878.0      
Less: Allowance for credit losses 55.0   0.0      
Mortgage loans on real estate, net 6,762.0   6,878.0      
Policy loans 735.0   776.0      
Limited partnerships/corporations 1,377.0   1,286.0      
Derivatives 218.0   267.0      
Investments in subsidiaries 0.0   0.0      
Other investments 319.0   385.0      
Total investments 56,032.0   53,644.0      
Cash and cash equivalents 828.0   969.0 $ 944.0    
Short-term investments under securities loan agreements, including collateral delivered 653.0   1,384.0      
Accrued investment income 545.0   505.0      
Premium receivable and reinsurance recoverable 3,676.0   3,732.0      
Less: Allowance for credit losses on reinsurance recoverable 19.0   0.0      
Premium receivable and reinsurance recoverable 3,657.0   3,732.0      
Deferred policy acquisition costs and Value of business acquired 1,669.0   2,226.0      
Deferred income taxes 438.0   603.0      
Loans to subsidiaries and affiliates 430.0   69.0      
Due from subsidiaries and affiliates 2.0   6.0      
Other assets 807.0   895.0      
Assets related to consolidated investment entities:            
Assets held in separate accounts 82,879.0   81,670.0      
Assets held for sale 20,180.0   20,069.0      
Total assets 170,733.0   167,998.0      
Liabilities and Shareholders' Equity:            
Future policy benefits 10,295.0   9,945.0      
Contract owner account balances 42,187.0   40,923.0      
Payables under securities loan and repurchase agreements, including collateral held 571.0   1,373.0      
Short-term debt 179.0   78.0      
Long-term debt 17.0   17.0      
Derivatives 386.0   353.0      
Pension and other postretirement provisions 375.0   468.0      
Current income taxes 35.0   16.0      
Due to subsidiaries and affiliates 5.0   2.0      
Other liabilities 1,361.0   1,292.0      
Liabilities related to consolidated investment entities:            
Collateralized loan obligations notes, at fair value using the fair value option 538.0   474.0      
Other liabilities 834.0   652.0      
Liabilities related to separate accounts 82,879.0   81,670.0      
Liabilities held for sale 18,232.0   18,498.0      
Total liabilities 157,894.0   155,761.0      
Shareholders' equity:            
Total Voya Financial, Inc. shareholders' equity 11,851.0   11,415.0      
Noncontrolling interest 988.0   822.0      
Total shareholders' equity 12,839.0   12,237.0      
Total liabilities and shareholders' equity 170,733.0   167,998.0      
Limited partnerships/corporations, at fair value            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 1,600.0   1,632.0      
Limited partnerships/corporations, at fair value | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Limited partnerships/corporations, at fair value | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 1,600.0   1,632.0      
Cash and cash equivalents            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 84.0   68.0      
Cash and cash equivalents | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Cash and cash equivalents | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 84.0   68.0      
Corporate loans, at fair value using the fair value option            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 921.0   513.0      
Corporate loans, at fair value using the fair value option | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Corporate loans, at fair value using the fair value option | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 921.0   513.0      
Other assets            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 8.0   13.0      
Other assets | Consolidating Adjustments            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Parent Issuer            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Subsidiary Guarantor            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 0.0   0.0      
Other assets | Non-Guarantor Subsidiaries            
Assets related to consolidated investment entities:            
Assets related to consolidated investment entities 8.0   13.0      
Collateral Pledged            
Investments:            
Securities pledged 827.0   1,408.0      
Collateral Pledged | Consolidating Adjustments            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Parent Issuer            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Subsidiary Guarantor            
Investments:            
Securities pledged 0.0   0.0      
Collateral Pledged | Non-Guarantor Subsidiaries            
Investments:            
Securities pledged $ 827.0   $ 1,408.0