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Consolidated Statements of Operations - 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
Fee income 2,113 1,916 1,742
Premiums 3,176 2,717 2,423
Net gains (losses) (27) (72) (686)
Other Income 423 327 148
Net investment income 291 301 22
Total revenues 8,050 7,348 5,930
Benefits and expenses:      
Policyholder benefits 2,627 1,960 1,566
Interest credited to contract owner account balances 992 1,076 962
Operating expenses 3,082 3,096 2,542
Net amortization of Deferred policy acquisition costs and Value of business acquired 223 230 240
Interest expense 124 132 134
Operating expenses related to CIEs:, Interest expense 175 166 49
Other corporate 28 10 9
Total benefits and expenses 7,251 6,670 5,502
Income before income taxes 799 678 428
Income tax expense (benefit) 57 (51) (5)
Net income (loss) 742 729 433
Income (loss) attributable to noncontrolling interests 75 104 (77)
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
Net income available to Voya Financial, Inc.'s common shareholders per common share:      
Basic $ 6.31 $ 5.74 $ 4.70
Diluted $ 6.17 $ 5.42 $ 4.30