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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Net investment income $ 522 $ 731 $ 1,733 $ 2,101
Fee income 435 487 1,279 1,381
Premiums 607 573 1,815 (3,898)
Net gains (losses):        
Total impairments (12) 0 (21) 0
Other net gains (losses) (111) (103) (614) 1,602
Total net gains (losses) (123) (103) (635) 1,602
Other revenue 33 46 117 530
Income (loss) related to consolidated investment entities:        
Net investment income (136) 275 62 839
Total revenues 1,338 2,009 4,371 2,555
Benefits and expenses:        
Policyholder benefits 305 466 1,142 (3,511)
Interest credited to contract owner account balances 245 248 716 721
Operating expenses 632 642 1,869 1,950
Net amortization of Deferred policy acquisition costs and Value of business acquired 10 190 157 755
Interest expense 31 39 104 127
Operating expenses related to consolidated investment entities:        
Interest expense 12 11 31 28
Other expense 2 2 7 8
Total benefits and expenses 1,237 1,598 4,026 78
Income (loss) from continuing operations before income taxes 101 411 345 2,477
Income tax expense (benefit) 32 40 49 104
Income (loss) from continuing operations 69 371 296 2,373
Income (loss) from discontinued operations, net of tax 0 (1) 0 7
Net income (loss) 69 370 296 2,380
Less: Net income (loss) attributable to noncontrolling interest (138) 214 (20) 661
Net income (loss) available to Voya Financial, Inc. 207 156 316 1,719
Less: Preferred stock dividends 14 14 32 32
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 193 $ 142 $ 284 $ 1,687
Net income (loss) per common share:        
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 1.98 $ 1.25 $ 2.79 $ 14.13
Income (loss) available to Voya Financial, Inc.'s common shareholders 1.98 1.24 2.79 14.19
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders 1.82 1.16 2.55 13.14
Income (loss) available to Voya Financial, Inc.'s common shareholders $ 1.82 $ 1.15 $ 2.55 $ 13.19