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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Short-term investments under securities loan agreements, including collateral delivered $ 1,167.0 $ 1,108.0
Accrued investment income 456.0 428.0
Premium receivable and reinsurance recoverable 13,598.0 13,663.0
Less: Allowance for credit losses on reinsurance recoverable 37.0 28.0
Premium receivable and reinsurance recoverable, net 13,561.0 13,635.0
Deferred policy acquisition costs and Value of business acquired 2,894.0 1,378.0
Deferred income taxes 1,931.0 986.0
Goodwill 252.0 72.0
Other intangibles, net 572.0 97.0
Assets related to consolidated investment entities:    
Assets held in separate accounts 75,980.0 100,433.0
Total assets 144,048.0 171,262.0
Liabilities:    
Future policy benefits 10,293.0 9,952.0
Contract owner account balances 43,208.0 42,806.0
Payables under securities loan and repurchase agreements, including collateral held 1,378.0 1,183.0
Short-term debt 141.0 1.0
Long-term debt 2,094.0 2,595.0
Derivatives 383.0 231.0
Pension and other postretirement provisions 196.0 226.0
Deferred compensation 386.0 351.0
Current income taxes 9.0 23.0
Liabilities related to consolidated investment entities:    
Liabilities related to separate accounts 75,980.0 100,433.0
Total liabilities 138,210.0 161,441.0
Commitments and Contingencies (Note 14)
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests 155.0 0.0
Shareholders' equity:    
Preferred stock ($0.01 par value per share; $625 aggregate liquidation preference as of 2022 and 2021 respectively) 0.0 0.0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 110,730,556 and 108,987,650 shares issued as of 2022 and 2021, respectively; 97,166,639 and 107,758,376 shares outstanding as of 2022 and 2021, respectively) 1.0 1.0
Treasury stock (at cost; 13,563,917 and 1,229,274 shares as of 2022 and 2021, respectively) (873.0) (80.0)
Additional paid-in capital 7,945.0 7,542.0
Accumulated other comprehensive income (loss) (1,986.0) 2,100.0
Retained earnings (deficit):    
Unappropriated (994.0) (1,310.0)
Total Voya Financial, Inc. shareholders' equity 4,093.0 8,253.0
Noncontrolling interest 1,590.0 1,568.0
Total shareholders' equity 5,683.0 9,821.0
Total liabilities, mezzanine equity and shareholders' equity 144,048.0 171,262.0
Excluding consolidated VIEs    
Investments:    
Fixed maturities, available-for-sale, at fair value (amortized cost of $31,380 as of 2022 and $30,656 as of 2021; allowance for credit losses of $39 as of 2022 and $58 as of 2021) 27,850.0 33,699.0
Fixed maturities, at fair value using the fair value option 2,066.0 2,354.0
Equity securities, at fair value (cost of $337 as of 2022 and $240 as of 2021) 337.0 240.0
Short-term investments 31.0 97.0
Mortgage loans on real estate 5,408.0 5,627.0
Less: Allowance for credit losses 13.0 15.0
Mortgage loans on real estate, net 5,395.0 5,612.0
Policy loans 368.0 392.0
Limited partnerships/corporations 1,783.0 1,739.0
Derivatives 495.0 171.0
Other investments 71.0 79.0
Securities pledged (amortized cost of $1,297 as of 2022 and $1,091 as of 2021) 1,123.0 1,198.0
Total investments 39,519.0 45,581.0
Cash and cash equivalents 840.0 1,402.0
Other assets (net of allowance for credit losses of $3 as of 2022 and $0 as of 2021) 2,681.0 2,363.0
Liabilities:    
Other liabilities 1,823.0 1,747.0
VIEs    
Investments:    
Limited partnerships/corporations 2,879.0 2,469.0
Cash and cash equivalents 95.0 171.0
Other assets (net of allowance for credit losses of $3 as of 2022 and $0 as of 2021) 60.0 28.0
Assets related to consolidated investment entities:    
Corporate loans, at fair value using the fair value option 1,161.0 1,111.0
Total assets 4,195.0 3,779.0
Liabilities:    
Other liabilities 1,291.0 1,013.0
Liabilities related to consolidated investment entities:    
Collateralized loan obligations notes, at fair value using the fair value option $ 1,028.0 $ 880.0