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Schedule II - Condensed Financial Information of Parent - Statements of Cash Flow (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income (loss) available to Voya Financial, Inc. $ 667 $ 625 $ 510
Deferred income tax expense (benefit) 42 (62) 3
Net (gains) losses 27 72 686
Changes in operating assets and liabilities:      
Other receivables and asset accruals (153) 31 (211)
Other, net 152 209 143
Net cash (used in) provided by operating activities 1,345 1,638 1,352
Cash Flows from Investing Activities:      
Limited partnerships/corporations 292 470 256
Fixed maturities 6,239 6,980 7,900
Fixed maturities (5,511) (4,439) (8,518)
Equity securities 36 139 5
Short-term investments, net 119 144 (260)
Payments for business acquisitions, net of cash acquired 0 (584) (2)
Collateral received (delivered), net 167 (19) 54
Other, net (132) (87) (65)
Net cash provided by (used in) investing activities 481 2,532 (1,946)
Net cash provided (used in) financing activities      
Repayment of debt with maturities of more than three months (1) (541) (366)
Proceeds from issuance of common stock, net 6 0 7
Dividends paid on common stock (171) (127) (83)
Dividends paid on preferred stock (41) (36) (36)
Net cash provided by (used in) financing activities (1,430) (4,059) 28
Net increase (decrease) in cash and cash equivalents, including cash in CIEs 396 111 (566)
Cash and cash equivalents, beginning of period 1,118    
Cash and cash equivalents, end of period 1,514 1,118  
Supplemental cash flow information:      
Income taxes paid 9 11 14
Interest paid 103 113 131
Parent      
Cash Flows from Operating Activities:      
Net income (loss) available to Voya Financial, Inc. 667 625 510
Equity in earnings (losses) of subsidiaries, net of tax (727) (642) (590)
Dividends from subsidiaries 861 1,057 502
Deferred income tax expense (benefit) 37 54 (35)
Net (gains) losses (20) (65) 52
Changes in operating assets and liabilities:      
Other receivables and asset accruals 1 5 (21)
Due from subsidiaries and affiliates 106 108 46
Other payables and accruals (12) 0 (10)
Other, net (2) (7) 29
Net cash (used in) provided by operating activities 911 1,135 483
Cash Flows from Investing Activities:      
Limited partnerships/corporations 0 53 0
Fixed maturities 6 0 22
Fixed maturities 0 0 (16)
Equity securities 0 (3) 0
Short-term investments, net (7) (13) 18
Payments for Derivative Instrument, Investing Activities 29 19 (37)
Maturity (issuance) of short-term intercompany loans, net (99) (203) 34
Return of capital contributions and dividends from subsidiaries 0 0 708
Capital contributions to subsidiaries (60) (8) 0
Payments for business acquisitions, net of cash acquired 0 (584) 0
Collateral received (delivered), net (10) 15 (5)
Other, net 0 (94) 0
Net cash provided by (used in) investing activities (141) (818) 724
Net cash provided (used in) financing activities      
Proceeds from issuance of debt with maturities of more than three months 397 400 0
Repayment of debt with maturities of more than three months 0 (393) (366)
Repayments of Debt (269) 250 65
Proceeds from issuance of common stock, net 6 0 7
Share-based compensation (44) (47) (40)
Proceeds from (Repurchase of) Equity (640) (369) (750)
Dividends paid on common stock (168) (125) (80)
Dividends paid on preferred stock (41) (36) (36)
Net cash provided by (used in) financing activities (759) (320) (1,200)
Net increase (decrease) in cash and cash equivalents, including cash in CIEs 11 (3) 7
Cash and cash equivalents, beginning of period 206 209 202
Cash and cash equivalents, end of period 217 206 209
Supplemental cash flow information:      
Income taxes paid 5 4 14
Interest paid $ 110 $ 111 $ 111