Voya Financial VOYA Revenue Breakdown

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At close: Sep 18, 2026 · 4:00 PM EDT
Annual revenue breakdowns for Voya Financial, Inc., fiscal 2011 to 2025, as reported in its filings.
Annual history

Voya Financial, Inc. Revenue by Product and Service

Years FY 2018–2025
Lines 3
FY 2025 Total $5.82B

Accident & Health Insurance Product Line was the largest of Voya Financial, Inc.’s 3 reported lines in fiscal 2025, at $4.44B — 76% of $5.82B.

Voya Financial, Inc. revenue by product and service, fiscal 2018 to 2025
Product and Service FY 2018 FY 2020 FY 2022 FY 2024 FY 2025
Accident & Health Insurance Product Line $3.53B $4.92B $4.44B
Life Insurance Product Line $1.27B $1.40B $1.36B
Annuity Contracts $54.00M $34.00M $18.00M
Total $4.85B $6.35B $5.82B
Totals include 2 discontinued lines from earlier reporting.

Voya Financial, Inc. revenue by product and service: what the figures show

In fiscal 2025, which ended December 31, 2025, the 3 revenue lines Voya Financial, Inc. reported in this breakdown added up to $5.82B. That was down 8.3% from $6.35B in fiscal 2024. Accident & Health Insurance Product Line was the largest revenue line, at $4.44B or 76.3% of the total, followed by Life Insurance Product Line ($1.36B, 23.4%) and Annuity Contracts ($18.00M, 0.3%). Together, the two largest revenue lines made up 99.7% of this total.

Compared with fiscal 2024, every sizeable revenue line reported in both years shrank. Life Insurance Product Line held up best, down 2.6% to $1.36B, while Accident & Health Insurance Product Line fell the most, down 9.7% to $4.44B. Over fiscal 2022 to 2025, revenue across these revenue lines went from $4.85B to $5.82B, a compound annual growth rate of 6.3%. Accident & Health Insurance Product Line's share of the total rose from 72.8% to 76.3% over the same years.

The table also keeps 2 revenue lines that Voya Financial, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers 5 fiscal years between 2018 and 2025, as reported in Voya Financial, Inc.'s annual filings.

Annual history

Voya Financial, Inc. Revenue by Legal Entity

Years FY 2011–2014
Lines 7
FY 2014 Total $22.00B

Before Consolidation was the largest of Voya Financial, Inc.’s 7 reported lines in fiscal 2014, at $21.07B — 96% of $22.00B.

Voya Financial, Inc. revenue by legal entity, fiscal 2011 to 2014
Legal Entity FY 2011 FY 2012 FY 2013 FY 2014
Before Consolidation $18.72B $16.76B $21.07B
Voes $877.20M $830.20M $645.20M $820.60M
Clos $82.00M $44.00M $469.20M $514.60M
Parent Issuer -$23.20M $29.80M $2.80M $22.60M
Subsidiary Guarantor $5.80M $5.20M $5.60M -$200.00K
Clos Adjustments -$44.80M -$69.00M -$94.80M -$99.00M
Voes Adjustments -$248.80M -$295.40M -$262.80M -$326.60M
Total $20.10B $19.24B $17.51B $22.00B
Totals include 2 discontinued lines from earlier reporting.

Voya Financial, Inc. revenue by legal entity: what the figures show

In fiscal 2014, which ended December 31, 2014, the 7 revenue lines Voya Financial, Inc. reported in this breakdown added up to $22.00B. The revenue lines reported changed from fiscal 2013, so the total is not directly comparable with the $17.51B reported that year. Before Consolidation was the largest revenue line, at $21.07B or 95.8% of the total, followed by Voes ($820.60M, 3.7%) and Clos ($514.60M, 2.3%). Together, the two largest revenue lines made up 99.5% of this total.

Compared with fiscal 2013, Voes grew the fastest, rising 27.2% to $820.60M. Every sizeable revenue line reported in both years grew. Because revenue lines were added or dropped between the two years, part of this reflects how Voya Financial, Inc. regrouped its reporting.

Before Consolidation was first reported as a separate revenue line in fiscal 2012. Figures are shown as reported, so the total is net of Subsidiary Guarantor, which was -$200.00K in fiscal 2014. The table also keeps 2 revenue lines that Voya Financial, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2011 to 2014, as reported in Voya Financial, Inc.'s annual filings.

Annual history

Voya Financial, Inc. Revenue by Insurance Product Line

Years FY 2011
Lines 3
FY 2011 Total $3.54B

Life Insurance was the largest of Voya Financial, Inc.’s 3 reported lines in fiscal 2011, at $2.32B — 65% of $3.54B.

Voya Financial, Inc. revenue by insurance product line, fiscal 2011 to 2011
Insurance Product Line FY 2011
Life Insurance $2.32B
Accident & Health Insurance $1.15B
Annuities $75.00M
Total $3.54B

Voya Financial, Inc. revenue by insurance product line: what the figures show

In fiscal 2011, which ended December 31, 2011, the 3 revenue lines Voya Financial, Inc. reported in this breakdown added up to $3.54B. Life Insurance was the largest revenue line, at $2.32B or 65.4% of the total, followed by Accident & Health Insurance ($1.15B, 32.5%) and Annuities ($75.00M, 2.1%). Together, the two largest revenue lines made up 97.9% of this total.

This breakdown covers every fiscal year from 2011 to 2011, as reported in Voya Financial, Inc.'s annual filings.

Questions

Voya Financial, Inc. Revenue Breakdown FAQ

How does Voya Financial, Inc. make money?

Voya Financial, Inc. (VOYA) breaks its revenue down by revenue line. In fiscal 2025, its largest revenue line was Accident & Health Insurance Product Line, with $4.44B or 76.3% of the total, followed by Life Insurance Product Line at $1.36B (23.4%).

What is Voya Financial, Inc.'s largest revenue line?

Accident & Health Insurance Product Line was Voya Financial, Inc.'s largest revenue line in fiscal 2025, with $4.44B in revenue, 76.3% of the $5.82B reported across its 3 revenue lines.

Where does this revenue breakdown data come from?

Every figure is taken from Voya Financial, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.

How far back does Voya Financial, Inc.'s revenue breakdown go?

The breakdown by revenue line covers fiscal 2018 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.