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Voya Financial VOYA Wealth Solutions — DAC and VOBA

Similar metrics at other companies

MetLife logo
METAsia — Amortization of DAC, VOBA and negative VOBA
-$214M+4.0%
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METEMEA — Amortization of DAC, VOBA and negative VOBA
-$110M-25.0%
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METMIM — Amortization of DAC, VOBA and negative VOBA
$0
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METRIS — Amortization of DAC, VOBA and negative VOBA
-$24M-14.3%
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METGroup Benefits — Amortization of DAC, VOBA and negative VOBA
-$8M-14.3%
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METLatin America — Amortization of DAC, VOBA and negative VOBA
-$186M-35.8%

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 voya:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCostsAndValueOfBusinessAcquired.

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
SegmentDAC and VOBAFuture Policy Benefits and Contract Owner Account BalancesUnearned Premiums(1)
2025
Retirement$1,387$32,973
Investment Management
Employee Benefits2402,304
Corporate77414,079
Total$2,401$49,356
2024
Retirement$1,044$30,090

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voya Financial's wealth solutions — DAC and VOBA?
Voya Financial (VOYA) reported wealth solutions — DAC and VOBA of $1.39B in Q4 2025.
How has Voya Financial's wealth solutions — DAC and VOBA changed year-over-year?
Voya Financial's wealth solutions — DAC and VOBA increased by 32.9% year-over-year, from $1.04B to $1.39B.
What does wealth solutions — DAC and VOBA mean?
The balance sheet value of Deferred Acquisition Costs (DAC) and the Value of Business Acquired (VOBA) related to insurance and investment contracts. These assets represent the unamortized portion of costs incurred to acquire new business or the present value of future profits from acquired blocks of business.

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