Voya Financial (VOYA) Balance Sheet: Assets & Liabilities

Voya Financial (VOYA) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Voya Financial reported total assets of $178.86B and total liabilities of $171.82B. Shareholders' equity was $4.95B, up 23.7% from $4.00B a year earlier. Total debt stood at $3.24B against $28.64B in cash and short-term investments, a net cash position of $25.41B. That puts debt-to-equity at 0.65, compared with 0.90 a year earlier.

Voya Financial Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Voya Financial, Inc. (VOYA) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	1.35	1.51	0.94	1.01	1.57	1.72	1.25	1.57	1.44
Short-Term Investments	27.30	24.18	25.59	27.40	33.80	43.68	39.73	37.02	48.80
Cash & Short-Term Investments	28.64	25.70	26.71	28.41	35.37	45.40	40.98	3.87	50.24
Accounts Receivable	10.71	11.28	11.98	12.43	13.64	3.56	3.73	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Assets	11.94	36.98	38.69	40.83	49.00	48.96	44.71	1.54	4.62
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	5.03	4.90	5.95	-15.31	4.21	-32.00	-28.33	15.39	54.78
Goodwill	0.80	0.75	0.75	0.33	0.07	0.00	0.00	0.00	0.00
Intangible Assets	0.87	0.83	3.11	0.63	0.10	0.00	0.00	2.97	3.37
Other Non-Current Assets	159.67	92.01	128.48	117.91	143.41	162.37	151.16	88.49	96.41
Total Non-Current Assets	166.92	126.91	118.40	105.77	122.26	131.56	124.28	106.85	154.56
Total Assets	178.86	163.89	157.09	146.61	171.26	180.52	168.99	154.39	222.53
Current Liabilities
Accounts Payable	0.00	0.00	0.00	0.00	1.18	0.00	0.00	0.00	0.00
Short-Term Debt	0.59	0.40	0.00	0.14	0.00	0.00	0.00	0.00	0.34
Current Portion of Long-Term Debt	0.59	0.40	0.00	0.14	0.00	-	-	-	-
Other Current Liabilities	0.00	0.00	0.00	0.00	-0.02	0.00	-0.03	0.00	0.42
Total Current Liabilities	0.59	0.40	0.00	0.14	0.00	0.00	0.00	0.04	0.76
Non-Current Liabilities
Long-Term Debt	2.65	3.20	3.43	3.33	3.48	3.83	3.52	3.68	4.17
Other Non-Current Liabilities	169.72	154.28	147.60	138.14	157.97	165.51	155.31	141.76	206.55
Total Non-Current Liabilities	171.23	157.48	151.03	141.47	161.44	169.34	158.83	145.44	210.72
Total Liabilities	171.82	157.88	151.03	141.61	161.44	169.34	158.83	145.45	211.49
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	1.39	0.95	0.51	-0.20	-1.31	-4.96	-4.72	-11.73	-12.72
Accumulated Other Comprehensive Income	-1.79	-2.46	-2.40	-3.06	2.10	4.90	3.33	0.61	2.73
Treasury Stock	1.01	0.75	0.06	0.04	0.08	-	-	-	-
Additional Paid-in Capital	6.36	6.27	6.14	6.60	7.54	10.17	10.72	19.34	19.99
Minority Interest	2.09	2.00	1.86	1.65	1.57	1.07	0.82	0.79	1.03
Shares Outstanding	0.09	0.10	0.10	0.10	0.11	-	-	-	-
Total Stockholders' Equity	4.95	4.01	6.05	3.35	8.25	10.11	9.34	8.21	10.01
Total Liabilities & Equity	178.86	163.89	157.09	146.61	171.26	180.52	168.99	154.39	222.53

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Voya Financial Balance Sheet

How much debt does Voya Financial have?

Voya Financial had total debt of $3.24B as of Dec 31, 2025, against $28.64B in cash and short-term investments. Its debt-to-equity ratio was 0.65. Total debt was $3.60B a year earlier.

What are Voya Financial's total assets?

Voya Financial reported total assets of $178.86B as of Dec 31, 2025, up 9.1% from $163.89B a year earlier. Total liabilities were $171.82B.

What is Voya Financial's shareholders' equity?

Voya Financial's shareholders' equity was $4.95B as of Dec 31, 2025, or about $52.78 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition