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Schedule II - Condensed Financial Information of Parent - Statements of Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Net investment income $ 2,074 $ 2,159 $ 2,281
Net gains (losses) (27) (72) (686)
Other Income 423 327 148
Total revenues 8,050 7,348 5,930
Expenses:      
Total benefits and expenses 7,251 6,670 5,502
Income tax expense (benefit) 57 (51) (5)
Net income available to Voya Financial, Inc. 667 625 510
Less: Preferred stock dividends 41 36 36
Net income available to Voya Financial, Inc.'s common shareholders 626 589 474
Parent      
Revenues:      
Net investment income 36 38 12
Net gains (losses) 20 65 (52)
Other Income 1 27 18
Total revenues 57 130 (22)
Expenses:      
Interest expense 130 130 114
Other expense 5 35 30
Total benefits and expenses 135 165 144
Income (loss) before income taxes and equity in earnings (losses) of subsidiaries (78) (35) (166)
Income tax expense (benefit) (18) (18) (86)
Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest (60) (17) (80)
Equity in earnings (losses) of subsidiaries, net of tax 727 642 590
Net income available to Voya Financial, Inc. 667 625 510
Less: Preferred stock dividends 41 36 36
Net income available to Voya Financial, Inc.'s common shareholders $ 626 $ 589 $ 474