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Voya Financial VOYA Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.98B-1.2%
Unum logo
UnumUNM
$2.97B+2.8%
MetLife logo
MetLifeMET
$21.27B+5.5%
Prudential Financial logo
Prudential FinancialPRU
$21.73B+4.5%
Equitable Holdings logo
Equitable HoldingsEQH
Fidelity National Financial logo
Fidelity National FinancialFNF

Segments

By segment

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Retirement Deferred Group and Individual Annuity$708M+0.9%
Health Solutions$217M

Other financials

Income statement

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Revenue$2.0B+3.1%
Net income$182.0M+16.7%
EPS (diluted)$1.75+23.2%

Balance sheet

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Cash & equivalents$1.1B+7.9%
Total debt$2.5B+18.8%
Total equity$4.7B+6.3%
Total assets$173.43B+5.8%

Cash flow

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Operating cash flow-$36.0M+79.9%

Valuation

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Market cap$8.18B-2.1%
Enterprise value$9.59B+2.4%
P/E12×-2.6×
P/S-0.1×

Profitability

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Net margin8.2%+1.1pp
FCF margin26.1%

Returns & leverage

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Return on equity15%+1.6pp
Debt / equity0.5×+0.1×

Where this comes from

Reported directly by Voya Financial in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

The official record: Voya Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Voya Financial's deferred policy acquisition costs?
Voya Financial (VOYA) reported deferred policy acquisition costs of $2.36B in Q1 2026.
How has Voya Financial's deferred policy acquisition costs changed year-over-year?
Voya Financial's deferred policy acquisition costs decreased by 5.6% year-over-year, from $2.51B to $2.36B.
What is the long-term trend for Voya Financial's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Voya Financial's deferred policy acquisition costs has grown at a 9.7% compound annual growth rate (CAGR), from $1.51B to $2.4B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the acquisition of new insurance contracts, such as commissions and underwriting expenses, which are capitalized and amortized over the expected life of the policies. This accounting treatment aligns expenses with the revenue generated by the policies. It is a critical indicator of the long-term profitability of the insurance book.