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Voya Financial VOYA Employee Benefits Segment — Premium taxes, fees and assessments

Other segment segments

Investment Management Segment
$0
Wealth Solutions Segment
$0

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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:NoninterestIncome.

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
Line itemReportable Segments / RetirementReportable Segments / Investment ManagementReportable Segments / Employee BenefitsCorporate(1)Total
Less:
Interest credited and other benefits to contract owners/policyholders9332,2303,163
Administrative expenses1,0447395482,331
Premium taxes, fees and assessments204204
Net commissions293174467
DAC/VOBA and other intangibles amortization11240152
Financing costs and preferred dividends160160
Other164164

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voya Financial's employee benefits segment — premium taxes, fees and assessments?
Voya Financial (VOYA) reported employee benefits segment — premium taxes, fees and assessments of $51M in Q4 2025.
How has Voya Financial's employee benefits segment — premium taxes, fees and assessments changed year-over-year?
Voya Financial's employee benefits segment — premium taxes, fees and assessments increased by 9.7% year-over-year, from $46.5M to $51M.
What is the long-term trend for Voya Financial's employee benefits segment — premium taxes, fees and assessments?
Over 2 years (2023 to 2025), Voya Financial's employee benefits segment — premium taxes, fees and assessments has grown at a 17.8% compound annual growth rate (CAGR), from $147M to $204M.
What does employee benefits segment — premium taxes, fees and assessments mean?
This represents the mandatory taxes, regulatory fees, and industry assessments paid by the segment based on its premium volume. These are largely non-discretionary costs associated with operating in the insurance market.

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