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Voya Financial VOYA Other — Deferred Policy Acquisition Cost

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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$9.2B+30.6%
Enterprise value$10.22B+30.5%
P/E15.1×+1.9×
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:DeferredPolicyAcquisitionCosts.

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 itemDecember 31, 2025December 31, 2024
DAC:
Retirement Deferred and Individual Annuities$706$701
Employee Benefits Voluntary221215
Businesses Exited744838
Other2018
VOBA710376
Total$2,401$2,148

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voya Financial's other — deferred policy acquisition cost?
Voya Financial (VOYA) reported other — deferred policy acquisition cost of $20M in Q4 2025.
What does other — deferred policy acquisition cost mean?
The capitalized costs directly related to the successful acquisition of new insurance contracts within the Other segment that are deferred to be recognized over the life of the policy. This reflects the company's strategy for managing the upfront costs of customer acquisition. It is a core component of the segment's balance sheet and impacts future earnings through amortization.

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