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Voya Financial VOYA Deferred policy acquisition costs and value of business acquired

Deferred policy acquisition costs and value of business acquired at other companies

MetLife logo
MetLifeMET
$2.11B+20.1%
Brighthouse Financial logo
Brighthouse FinancialBHF
$3.95B-1.9%
Brighthouse Financial logo
Brighthouse FinancialBHF
$612M-10.0%
MetLife logo
MetLifeMET
$0
MetLife logo
MetLifeMET
$795M+40.7%
MetLife logo
MetLifeMET
$21.35B+8.1%

Other financials

Income statement

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Revenue$1.9B-4.3%
Net income$94.0M-43.4%
EPS (diluted)$0.97-41.6%

Balance sheet

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Cash & equivalents$1.1B-17.9%
Total debt$2.1B0.0%
Total equity$4.7B+1.2%
Total assets$182.95B+6.1%

Cash flow

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Operating cash flow$503.0M-32.2%

Valuation

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Market cap$9.08B+28.8%
Enterprise value$10.09B+28.9%
P/E14.9×+1.7×
P/S1.1×+0.2×

Profitability

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Net margin7.4%+0.7pp
FCF margin26.1%

Returns & leverage

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Return on equity13.1%+0.8pp
Debt / equity0.4×0.0×

Where this comes from

Reported directly by Voya Financial in its filing.

Tagged under the XBRL concept voya:DeferredPolicyAcquisitionCostAndValueOfBusinessAcquiredAndSalesInducementsAmortizationExpense.

The source filing: Voya Financial’s 10-K, filed February 20, 2026. Open the filing →

Filed
Feb 20, 2026, 4:17 PM EST
Fiscal year
FY2025
Accession
0001535929-26-000043

FAQ

What is Voya Financial's deferred policy acquisition costs and value of business acquired?
Voya Financial (VOYA) reported deferred policy acquisition costs and value of business acquired of $34.25M in Q4 2025.
How has Voya Financial's deferred policy acquisition costs and value of business acquired changed year-over-year?
Voya Financial's deferred policy acquisition costs and value of business acquired increased by 34.3% year-over-year, from $25.5M to $34.25M.
What is the long-term trend for Voya Financial's deferred policy acquisition costs and value of business acquired?
Over 4 years (2021 to 2025), Voya Financial's deferred policy acquisition costs and value of business acquired has grown at a -21.1% compound annual growth rate (CAGR), from $353M to $137M.
What does deferred policy acquisition costs and value of business acquired mean?
This represents the capitalization and subsequent amortization of costs incurred to acquire new insurance policies. It aligns the expense of acquiring customers with the revenue generated over the life of the policy.

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