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Voya Financial VOYA Individual and group life insurance contracts — Future policy benefits

Discontinued — last reported Q4 '22

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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:LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense.

The official record: Voya Financial’s 10-K, filed February 24, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Voya Financial's individual and group life insurance contracts — future policy benefits?
Voya Financial (VOYA) reported individual and group life insurance contracts — future policy benefits of $4.52B in Q4 2022.
What does individual and group life insurance contracts — future policy benefits mean?
The estimated amount of money the company must hold in reserve to pay out future claims on life insurance policies.
How do you interpret individual and group life insurance contracts — future policy benefits?
An increase typically reflects growth in the underlying insurance book of business or changes in actuarial assumptions regarding mortality and interest rates. A decrease may indicate a shrinking portfolio or favorable shifts in valuation assumptions.
How does individual and group life insurance contracts — future policy benefits compare across companies?
Comparable to 'Future Policy Benefits' or 'Insurance Contract Liabilities' reported by other life and health insurance providers under GAAP or IFRS accounting standards.