What does closed blocks — total assets mean?

The total value of assets held in the company's legacy, non-actively marketed insurance product portfolios.

How do you interpret closed blocks — total assets?

An increase may reflect asset growth or market valuation changes, while a decrease indicates the natural runoff of the legacy portfolio.

How does closed blocks — total assets compare across companies?

Similar to runoff or legacy insurance portfolio assets at other diversified financial services firms.

Voya Financial VOYA Closed Blocks — Total Assets

Discontinued — last reported Q3 '16

Similar metrics at other companies

UNMClosed Block — Total Assets

$32.5B-2.2%

PRUClosed Block division — Total Assets

$51.09B+0.3%

KKRInsurance — Closed Block Policy Liabilities

$980.12M—

KKRInsurance — Closed Block Liabilities

$980.12M-2.1%

APORetirement Services — Closed block liabilities

$1.06B-4.2%

EQHClosed Block Operations, Revenue

——

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/S1×-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:Assets.

The official record: Voya Financial’s 10-Q, filed November 2, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does closed blocks — total assets mean?: The total value of assets held in the company's legacy, non-actively marketed insurance product portfolios.
How do you interpret closed blocks — total assets?: An increase may reflect asset growth or market valuation changes, while a decrease indicates the natural runoff of the legacy portfolio.
How does closed blocks — total assets compare across companies?: Similar to runoff or legacy insurance portfolio assets at other diversified financial services firms.