What does closed blocks — closed block operations revenue mean?

The total revenue earned from the company's legacy insurance product segment.

How do you interpret closed blocks — closed block operations revenue?

A steady or slowly declining revenue stream is expected for closed blocks; rapid declines may signal accelerated policy surrenders or portfolio depletion.

How does closed blocks — closed block operations revenue compare across companies?

Similar to revenue from runoff or legacy insurance blocks at other life and annuity providers.

Voya Financial VOYA Closed Blocks — Closed Block Operations Revenue

Discontinued — last reported Q3 '16

Similar metrics at other companies

UNMClosed Block — Adjusted Operating Revenue

$445.6M-15.9%

UNMClosed Block — Gross premiums or assessments

$212.4M-2.7%

UNMClosed Block — Adjusted Other Income

$12.48M—

UNMClosed Block — Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected

$161.7M+2.9%

EQHClosed Block Operations, Revenue

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EQHClosed Block Operations, Net Results

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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:ClosedBlockOperationsRevenue.

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

Questions, answered.

What does closed blocks — closed block operations revenue mean?: The total revenue earned from the company's legacy insurance product segment.
How do you interpret closed blocks — closed block operations revenue?: A steady or slowly declining revenue stream is expected for closed blocks; rapid declines may signal accelerated policy surrenders or portfolio depletion.
How does closed blocks — closed block operations revenue compare across companies?: Similar to revenue from runoff or legacy insurance blocks at other life and annuity providers.