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Voya Financial VOYA Investment Management — 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 investment management — other operating expenses?
Voya Financial (VOYA) reported investment management — other operating expenses of $211.75M in Q4 2025.
How has Voya Financial's investment management — other operating expenses changed year-over-year?
Voya Financial's investment management — other operating expenses decreased by 2.1% year-over-year, from $216.25M to $211.75M.
What is the long-term trend for Voya Financial's investment management — other operating expenses?
Over 3 years (2022 to 2025), Voya Financial's investment management — other operating expenses has grown at a 7.1% compound annual growth rate (CAGR), from $689M to $847M.
What does investment management — other operating expenses mean?
This captures the general and administrative costs required to support the daily operations of the investment management segment, excluding specific items like commissions or policy benefits. It includes personnel costs, technology infrastructure, and overhead necessary to manage client assets and investment products.

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