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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net investment income $ 800 $ 687 $ 2,084 $ 2,057
Fee income 507 494 1,470 1,459
Premiums 604 565 1,819 1,717
Net realized capital gains (losses):        
Total impairments (10) (3) (80) (32)
Other net realized capital gains (losses) (60) (17) (224) 25
Total net realized capital gains (losses) (70) (20) (304) (7)
Other revenue 90 106 263 325
Income (loss) related to consolidated investment entities:        
Net investment income 140 43 87 115
Total revenues 2,071 1,875 5,419 5,666
Benefits and expenses:        
Policyholder benefits 1,020 705 2,327 2,009
Interest credited to contract owner account balances 279 298 851 879
Operating expenses 630 627 1,913 1,979
Net amortization of Deferred policy acquisition costs and Value of business acquired 241 36 336 136
Interest expense 40 51 120 135
Operating expenses related to consolidated investment entities:        
Interest expense 5 8 18 29
Other expense 1 1 3 5
Total benefits and expenses 2,216 1,726 5,568 5,172
Income (loss) from continuing operations before income taxes (145) 149 (149) 494
Income tax expense (benefit) (72) 5 (73) 47
Income (loss) from continuing operations (73) 144 (76) 447
Income (loss) from discontinued operations, net of tax (140) (4) (361) 18
Net income (loss) (213) 140 (437) 465
Less: Net income (loss) attributable to noncontrolling interest 106 19 33 44
Net income (loss) available to Voya Financial, Inc. (319) 121 (470) 421
Less: Preferred stock dividends 14 14 32 24
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (333) $ 107 $ (502) $ 397
Net income (loss) per common share:        
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ (1.53) $ 0.80 $ (1.11) $ 2.65
Income (loss) available to Voya Financial, Inc.'s common shareholders (2.64) 0.77 (3.93) 2.77
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders (1.53) 0.77 (1.11) 2.55
Income (loss) available to Voya Financial, Inc.'s common shareholders $ (2.64) $ 0.74 $ (3.93) $ 2.67