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Voya Financial VOYA Employee Benefits — Other Operating Expenses

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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 us-gaap:SupplementaryInsuranceInformationOtherOperatingExpense.

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

Filed
Feb 20, 2026, 4:17 PM EST
Fiscal year
FY2025
Accession
0001535929-26-000043
SegmentNet Investment Income (1)(2)Premiums and Fee Income (1)(2)Interest Credited and Other Benefits to Contract OwnersAmortization of DAC and VOBAOther Operating Expenses(1)(2)Premiums Written (Excluding Life)
2025
Retirement$1,970$1,406$919$110$1,441
Investment Management26992847
Employee Benefits1602,9822,230409702,222
Corporate162(72)21299189
Total$2,318$5,308$3,361$249$3,447$2,222
2024
Retirement$1,735$1,151$834$83$1,261

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voya Financial's employee benefits — other operating expenses?
Voya Financial (VOYA) reported employee benefits — other operating expenses of $242.5M in Q4 2025.
How has Voya Financial's employee benefits — other operating expenses changed year-over-year?
Voya Financial's employee benefits — other operating expenses increased by 2.0% year-over-year, from $237.75M to $242.5M.
What is the long-term trend for Voya Financial's employee benefits — other operating expenses?
Over 4 years (2021 to 2025), Voya Financial's employee benefits — other operating expenses has grown at a 18.3% compound annual growth rate (CAGR), from $496M to $970M.
What does employee benefits — other operating expenses mean?
Includes all administrative, general, and operational expenses required to run the Employee Benefits segment, excluding direct policy benefits and amortization. This captures the overhead and efficiency of the segment's operations.

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