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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Net investment income $ 584 $ 518 $ 1,144 $ 1,047
Fee income 577 517 1,147 1,030
Premiums 718 790 1,455 1,590
Net gains (losses) (41) (4) (75) 39
Other revenue 100 98 204 186
Income related to CIEs:        
Net investment income 43 114 75 192
Total revenues 1,981 2,033 3,950 4,084
Benefits and expenses:        
Policyholder benefits 541 598 1,120 1,203
Interest credited to contract owner account balances 260 245 516 491
Operating expenses 857 752 1,681 1,551
Net amortization of DAC and VOBA 58 56 120 112
Interest expense 28 30 60 60
Operating expenses related to CIEs:        
Interest expense 35 68 70 95
Other expense 14 8 22 9
Benefits, Losses and Expenses, Total 1,793 1,757 3,589 3,521
Income before income taxes 188 276 361 563
Income Tax Expense (Benefit) 27 41 49 40
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 161 235 312 523
Net Income (Loss) Attributable to Noncontrolling Interest (5) 30 (10) 67
Net income (loss) available to Voya Financial, Inc. 166 205 322 456
Dividends, Preferred Stock 4 4 21 21
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 162 $ 201 $ 301 $ 435
Net income available to Voya Financial, Inc.'s common shareholders per common share:        
Basic (usd per share) $ 1.69 $ 2.00 $ 3.14 $ 4.29
Diluted (usd per share) $ 1.66 $ 1.96 $ 3.09 $ 4.20