Voya Financial Inc (VOYA) - Net Assets
Based on the latest financial reports, Voya Financial Inc (VOYA) has net assets worth $6.71 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($173.43 Billion) and total liabilities ($166.73 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VOYA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $6.71 Billion |
| % of Total Assets | 3.87% |
| Annual Growth Rate | N/A |
| 5-Year Change | -28.33% |
| 10-Year Change | -50.83% |
| Growth Volatility | 24.81 |
Voya Financial Inc - Net Assets Trend (2009–2025)
This chart illustrates how Voya Financial Inc's net assets have evolved over time, based on quarterly financial data. See VOYA cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Voya Financial Inc (2009–2025)
The table below shows the annual net assets of Voya Financial Inc from 2009 to 2025. For live valuation and market cap data, see Voya Financial Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.04 Billion | +17.18% |
| 2024-12-31 | $6.01 Billion | -0.76% |
| 2023-12-31 | $6.05 Billion | -1.05% |
| 2022-12-31 | $6.12 Billion | -37.72% |
| 2021-12-31 | $9.82 Billion | -13.19% |
| 2020-12-31 | $11.31 Billion | +11.34% |
| 2019-12-31 | $10.16 Billion | +13.65% |
| 2018-12-31 | $8.94 Billion | -19.01% |
| 2017-12-31 | $11.04 Billion | -22.90% |
| 2016-12-31 | $14.32 Billion | -12.04% |
| 2015-12-31 | $16.28 Billion | -12.13% |
| 2014-12-31 | $18.52 Billion | +19.40% |
| 2013-12-31 | $15.51 Billion | -3.41% |
| 2012-12-31 | $16.06 Billion | +15.33% |
| 2011-12-31 | $13.93 Billion | +72.61% |
| 2010-12-31 | $8.07 Billion | -- |
| 2009-12-31 | $0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Voya Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 139200000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.39 Billion | 28.10% |
| Common Stock | $1.00 Million | 0.02% |
| Other Comprehensive Income | $-1.79 Billion | -36.10% |
| Other Components | $5.35 Billion | 107.97% |
| Total Equity | $4.95 Billion | 100.00% |
Voya Financial Inc Competitors by Market Cap
The table below lists competitors of Voya Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IDACORP Inc
NYSE:IDA
|
$7.41 Billion |
|
Bank of Maharashtra
NSE:MAHABANK
|
$7.41 Billion |
|
Samsung Securities
KO:016360
|
$7.41 Billion |
|
VinFast Auto Ltd. Ordinary Shares
NASDAQ:VFS
|
$7.42 Billion |
|
Sartorius Aktiengesellschaft
F:SRT
|
$7.40 Billion |
|
Alkermes Plc
NASDAQ:ALKS
|
$7.39 Billion |
|
Shenzhen MTC Co Ltd
SHE:002429
|
$7.39 Billion |
|
Dian Swastatika Sentosa Tbk
JK:DSSA
|
$7.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Voya Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,005,000,000 to 4,953,000,000, a change of 948,000,000 (23.7%).
- Net income of 654,000,000 contributed positively to equity growth.
- Dividend payments of 219,000,000 reduced retained earnings.
- Share repurchases of 200,000,000 reduced equity.
- New share issuances of 5,000,000 increased equity.
- Other comprehensive income increased equity by 674,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $654.00 Million | +13.2% |
| Dividends Paid | $219.00 Million | -4.42% |
| Share Repurchases | $200.00 Million | -4.04% |
| Share Issuances | $5.00 Million | +0.1% |
| Other Comprehensive Income | $674.00 Million | +13.61% |
| Other Changes | $34.00 Million | +0.69% |
| Total Change | $- | 23.67% |
Book Value vs Market Value Analysis
This analysis compares Voya Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $0.00 | $91.17 | x |
| 2010-12-31 | $26.61 | $91.17 | x |
| 2011-12-31 | $47.37 | $91.17 | x |
| 2012-12-31 | $54.06 | $91.17 | x |
| 2013-12-31 | $52.71 | $91.17 | x |
| 2014-12-31 | $72.61 | $91.17 | x |
| 2015-12-31 | $71.57 | $91.17 | x |
| 2016-12-31 | $64.11 | $91.17 | x |
| 2017-12-31 | $54.37 | $91.17 | x |
| 2018-12-31 | $48.83 | $91.17 | x |
| 2019-12-31 | $66.23 | $91.17 | x |
| 2020-12-31 | $88.80 | $91.17 | x |
| 2021-12-31 | $78.07 | $91.17 | x |
| 2022-12-31 | $55.51 | $91.17 | x |
| 2023-12-31 | $38.54 | $91.17 | x |
| 2024-12-31 | $39.50 | $91.17 | x |
| 2025-12-31 | $51.06 | $91.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Voya Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.72%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 36.11x
- Recent ROE (13.20%) is above the historical average (5.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -6.44% | 0.00x | 0.00x | $-603.20 Million |
| 2010 | -1.80% | -1.33% | 0.05x | 29.92x | $-805.98 Million |
| 2011 | -0.71% | -0.91% | 0.05x | 16.48x | $-1.32 Billion |
| 2012 | 3.41% | 4.86% | 0.04x | 15.60x | $-914.49 Million |
| 2013 | 4.51% | 6.84% | 0.04x | 16.65x | $-728.72 Million |
| 2014 | 12.39% | 20.87% | 0.05x | 12.25x | $442.68 Million |
| 2015 | 2.51% | 4.67% | 0.04x | 13.41x | $-1.22 Billion |
| 2016 | -2.52% | -3.72% | 0.04x | 16.51x | $-1.63 Billion |
| 2017 | -29.89% | -41.39% | 0.03x | 22.23x | $-3.99 Billion |
| 2018 | 10.65% | 10.64% | 0.05x | 18.80x | $53.70 Million |
| 2019 | 8.19% | 10.43% | 0.04x | 18.10x | $-168.90 Million |
| 2020 | 3.27% | 5.00% | 0.04x | 15.94x | $-761.30 Million |
| 2021 | 29.27% | 88.49% | 0.02x | 17.44x | $1.89 Billion |
| 2022 | 8.34% | 8.60% | 0.04x | 24.14x | $-101.70 Million |
| 2023 | 14.91% | 8.51% | 0.05x | 37.46x | $205.70 Million |
| 2024 | 16.65% | 8.29% | 0.05x | 40.92x | $266.50 Million |
| 2025 | 13.20% | 8.72% | 0.04x | 36.11x | $158.70 Million |
Industry Comparison
This section compares Voya Financial Inc's net assets metrics with peer companies in the Financial Conglomerates industry.
Industry Context
- Industry: Financial Conglomerates
- Average net assets among peers: $621,049,822,600
- Average return on equity (ROE) among peers: -15.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Voya Financial Inc (VOYA) | $6.71 Billion | 0.00% | 24.86x | $7.40 Billion |
| Freedom Holding Corp (FRHC) | $1.49 Billion | 10.30% | 7.83x | $8.51 Billion |
| Hilltop Holdings Inc (HTH) | $447.38 Million | -3.89% | 2.45x | $2.20 Billion |
| Orix Corp Ads (IX) | $3.10 Trillion | 6.20% | 3.37x | $33.39 Billion |
| BRC Group Holdings, Inc. (RILY) | $109.32 Million | 10.80% | 0.21x | $320.07 Million |
| Lendingtree Inc (TREE) | $59.14 Million | -100.62% | 4.98x | $491.84 Million |
About Voya Financial Inc
Voya Financial, Inc. provides workplace benefits, and savings solutions and technologies in the United States and internationally. The company operates through three segments: Retirement, Investment Management and Employee Benefits. The Retirement segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan… Read more