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Voya Financial VOYA Corporate — Other Operating Expenses

Discontinued — last reported Q4 '23

Other segment segments

Wealth Solutions
$1.44B+14.3%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

The official record: Voya Financial’s 10-K, filed February 23, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Voya Financial's corporate — other operating expenses?
Voya Financial (VOYA) reported corporate — other operating expenses of $24M in Q4 2023.
How has Voya Financial's corporate — other operating expenses changed year-over-year?
Voya Financial's corporate — other operating expenses increased by 14.3% year-over-year, from $21M to $24M.
What is the long-term trend for Voya Financial's corporate — other operating expenses?
Over 2 years (2021 to 2023), Voya Financial's corporate — other operating expenses has grown at a 10.2% compound annual growth rate (CAGR), from $79M to $96M.
What does corporate — other operating expenses mean?
This encompasses the general and administrative costs, overhead, and other non-interest expenses associated with managing the corporate segment's operations. It includes items such as personnel costs, technology infrastructure, and corporate support functions that are not directly attributable to specific product lines. Tracking this is vital for assessing the operational efficiency and cost management discipline of the corporate center.