Voya Financial (VOYA) 10-K 21 Feb 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2019	Feb. 14, 2020	Jun. 30, 2019
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	001-35897
Entity Registrant Name	Voya Financial, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-1222820
Entity Address, Address Line One	230 Park Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10169
City Area Code	212
Local Phone Number	309-8200
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 7.7
Entity Common Stock, Shares Outstanding		132,335,898
Documents Incorporated by Reference	Portions of Voya Financial, Inc.'s Proxy Statement for its 2020 Annual Meeting of Shareholders are incorporated by reference in the Annual Report on Form 10-K in response to Part III, Items 10, 11, 12, 13 and 14.
Entity Central Index Key	0001535929
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock, $.01 par value
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	VOYA
Security Exchange Name	NYSE
Depositary Shares
Entity Information [Line Items]
Title of 12(b) Security	Depositary Shares, each representing a 1/40
Trading Symbol	VOYAPrB
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Investments:
Fixed maturities, available-for-sale, at fair value	$ 39,663	$ 36,897
Fixed maturities, at fair value using the fair value option	2,707	2,233
Equity securities, at fair value (cost of $196 as of 2019 and $247 as of 2018)	196	247
Short-term investments	68	126
Mortgage loans on real estate, net of valuation allowance of $1 as of 2019 and $2 as of 2018	6,878	7,281
Policy loans	776	814
Limited partnerships/corporations	1,290	982
Derivatives	316	194
Other investments	385	379
Total investments	53,687	50,615
Cash and cash equivalents	1,181	1,237
Short-term investments under securities loan agreements, including collateral delivered	1,395	1,293
Accrued investment income	505	529
Premium receivable and reinsurance recoverable	3,732	3,843
Deferred policy acquisition costs, Value of business acquired	2,226	2,973
Current income taxes	0	17
Deferred income taxes	1,458	1,610
Other assets	902	1,027
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	2,226	2,310
Assets held in separate accounts	81,670	69,931
Assets held for sale	20,069	20,045
Total assets	169,051	155,430
Liabilities and Shareholders' Equity:
Future policy benefits	9,945	9,587
Contract owner account balances	40,923	41,183
Payables under securities loan agreement, including collateral held	1,373	1,366
Short-term debt	1	1
Long-term debt	3,042	3,136
Derivatives	403	164
Pension and other post-employment provisions	468	551
Current income taxes	27	0
Other liabilities	1,345	1,375
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	474	540
Other liabilities	652	688
Liabilities related to separate accounts	81,670	69,931
Liabilities held for sale	18,498	17,903
Total liabilities	158,821	146,425
Commitments and Contingencies (Note 19)
Shareholders' equity:
Preferred stock ($0.01 par value per share; $625 and $325 aggregate liquidation preference as of 2019 and 2018, respectively)	0	0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 140,726,677 and 272,431,745 shares issued as of 2019 and 2018, respectively; 132,325,790 and 150,978,184 shares outstanding as of 2019 and 2018, respectively)	2	3
Treasury stock (at cost; 8,400,887 and 121,453,561 shares as of 2019 and 2018, respectively)	(460)	(4,981)
Additional paid-in capital	11,184	24,316
Accumulated other comprehensive income (loss)	3,331	607
Retained earnings (deficit):
Appropriated-consolidated investment entities	0	0
Unappropriated	(4,649)	(11,732)
Total Voya Financial, Inc. shareholders' equity	9,408	8,213
Noncontrolling interest	822	792
Total shareholder's equity	10,230	9,005
Total liabilities and shareholder's equity	169,051	155,430
Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	1,632	1,421
Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	68	331
Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	513	542
Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	13	16
Collateral pledged
Investments:
Securities pledged (amortized cost of $1,264 as of 2019 and $1,436 as of 2018)	$ 1,408	$ 1,462

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets Parenthetical - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Fixed maturities, amortized cost	$ 35,836	$ 36,268
Equity securities, cost	196	247
Mortgage loans on real estate valuation allowance	1	2
Securities pledged, amortized costs	1,264	1,436
Preferred stock, aggregate liquidation preference	$ 625	$ 325
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	140,726,677	272,431,745
Common stock, shares outstanding	132,325,790	150,978,184	172,000,000	194,600,000
Treasury stock	8,400,887	121,453,561
Common stock, par value	$ 0.01	$ 0.01

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Net investment income									$ 2,792	$ 2,669	$ 2,641
Fee income									1,969	1,982	1,889
Premiums									2,273	2,132	2,097
Net realized gains (losses):
Total other-than-temporary impairments									(65)	(27)	(29)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									(1)	1	(9)
Net other-than-temporary impairments recognized in earnings									(64)	(28)	(20)
Other net realized capital gains (losses)									(102)	(327)	(189)
Total net realized capital gains (losses)									(166)	(355)	(209)
Other revenue									465	443	379
Net investment income									143	292	432
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	7,476	7,163	7,229
Benefits and expenses:
Policyholder benefits									2,583	2,364	2,422
Interest credited to contract owner account balances									1,167	1,162	1,236
Operating expenses									2,746	2,606	2,562
Net amortization of Deferred policy acquisition costs and Value of business acquired									199	233	353
Interest expense									176	221	184
Interest expense									38	41	80
Other expense									7	8	7
Total benefits and expenses	1,744	1,726	1,726	1,720	1,725	1,661	1,596	1,653	6,916	6,635	6,844
Income (loss) from continuing operations before income taxes	66	149	243	102	126	229	165	8	560	528	385
Income tax expense (benefit)									(205)	37	687
Income (loss) from continuing operations									765	491	(302)
Income (loss) from discontinued operations, net of tax	(1,084)	(4)	42	(20)	29	(32)	92	440	(1,066)	529	(2,473)
Net income (loss)	(766)	140	252	73	177	168	229	446	(301)	1,020	(2,775)
Less: Net income (loss) attributable to noncontrolling interest	6	19	26	(1)	57	26	62	0	50	145	217
Net income (loss) available to Voya Financial, Inc.	(772)	121	226	74	120	142	167	446	(351)	875	(2,992)
Less: Preferred stock dividends	4	14	0	10	0	0	0	0	28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders	$ (776)	$ 107	$ 226	$ 64	$ 120	$ 142	$ 167	$ 446	$ (379)	$ 875	$ (2,992)
Net income (loss) per common share:
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	$ 2.29	$ 0.80	$ 1.27	$ 0.57	$ 0.60	$ 1.09	$ 0.45	$ 0.03	$ 4.88	$ 2.12	$ (2.82)
Income (loss) available to Voya Financial, Inc.'s common shareholders	(5.76)	0.77	1.57	0.44	0.78	0.89	1	2.59	(2.69)	5.36	(16.25)
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	2.17	0.77	1.22	0.56	0.58	1.06	0.43	0.03	4.68	2.05	(2.82)
Income (loss) available to Voya Financial, Inc.'s common shareholders	$ (5.45)	$ 0.74	$ 1.51	$ 0.42	$ 0.76	$ 0.87	$ 0.96	$ 2.50	$ (2.58)	$ 5.20	$ (16.25)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (766)	$ 140	$ 252	$ 73	$ 177	$ 168	$ 229	$ 446	$ (301)	$ 1,020	$ (2,775)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									3,013	(2,810)	1,191
Other-than-temporary impairments									3	32	(2)
Pension and other postretirement benefits liability									(4)	(11)	(15)
Other comprehensive income (loss), before tax									3,012	(2,789)	1,174
Income tax expense (benefit) related to items of other comprehensive income (loss)									631	(693)	364
Other comprehensive income (loss), after tax									2,381	(2,096)	810
Comprehensive income (loss)									2,080	(1,076)	(1,965)
Less: Comprehensive income (loss) attributable to noncontrolling interest									50	145	217
Comprehensive income (loss) attributable to Voya Financial, Inc.									$ 2,030	$ (1,221)	$ (2,182)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholder's Equity - USD ($) $ in Millions	Total	Total Voya Financial, Inc. Shareholders' Equity	Preferred Stock	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Appropriated	Unappropriated	Noncontrolling Interest	Previously Reported	Previously ReportedTotal Voya Financial, Inc. Shareholders' Equity	Previously ReportedPreferred Stock	Previously ReportedCommon Stock	Previously ReportedTreasury Stock	Previously ReportedAdditional Paid-In Capital	Previously ReportedAccumulated Other Comprehensive Income (Loss)	Previously ReportedAppropriated	Previously ReportedUnappropriated	Previously ReportedNoncontrolling Interest
Increase (Decrease) in Stockholders' Equity
Adjustment for adoption of ASU | Accounting Standards Update 2016-09	$ 15	$ 15	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 15	$ 0
Balance- As adjusted	14,083	13,010	0	3	(2,796)	23,609	1,921	0	(9,727)	1,073
Balance at Dec. 31, 2016											$ 14,068	$ 12,995	$ 0	$ 3	$ (2,796)	$ 23,609	$ 1,921	$ 0	$ (9,742)	$ 1,073
Comprehensive income (loss)
Net income (loss)	(2,775)	(2,992)	0	0	0	0	0	0	(2,992)	217
Other comprehensive income (loss), after tax	810	810	0	0	0	0	810	0	0	0
Less: Comprehensive income (loss) attributable to noncontrolling interest	217									217
Comprehensive income (loss)	(1,965)	(2,182)
Net consolidations (deconsolidations) of consolidated investment entities	38	0	0	0	0	0	0	0	0	38
Common stock issuance	3	3	0	0	0	3	0	0	0	0
Common stock acquired - Share repurchase	(923)	(923)	0	0	(1,023)	(100)	0	0	0	0
Treasury stock retirement									0
Dividends on common stock	(8)	(8)	0	0	0	(8)	0	0	0	0
Share-based compensation	109	109	0	0	(8)	117	0	0	0	0
Contributions from (Distributions to) noncontrolling interest, net	(206)	0	0	0	0	0	0	0	0	(206)
Balance at Dec. 31, 2017											$ 11,131	$ 10,009	$ 0	$ 3	$ (3,827)	$ 23,821	$ 2,731	$ 0	$ (12,719)	$ 1,122
Increase (Decrease) in Stockholders' Equity
Adjustment for adoption of ASU | Accounting Standards Update 2014-09	84	84	0	0	0	0	0	0	84	0
Adjustment for adoption of ASU | Accounting Standards Update 2016-01	0	0	0	0	0	0	(28)	0	28	0
Balance- As adjusted	11,215	10,093	0	3	(3,827)	23,821	2,703	0	(12,607)	1,122
Comprehensive income (loss)
Net income (loss)	1,020	875	0	0	0	0	0	0	875	145
Reversal of Other Comprehensive Income (Loss) due to Sale of Annuity and CBVA	(79)	(79)	0	0	0	0	(79)	0	0	0
Other comprehensive income (loss), after tax	(2,017)	(2,017)	0	0	0	0	(2,017)	0	0	0
Other comprehensive income (loss), after tax	(2,096)
Less: Comprehensive income (loss) attributable to noncontrolling interest	145									145
Comprehensive income (loss)	(1,076)	(1,221)
Effect of transaction for entities under common control	(31)	(31)	0	0	0	(31)	0	0	0	0
Net consolidations (deconsolidations) of consolidated investment entities	(33)	0	0	0	0	0	0	0	0	(33)
Preferred stock issuance	319	319	0	0	0	319	0	0	0	0
Common stock issuance	3	3	0	0	0	3	0	0	0	0
Common stock acquired - Share repurchase	(1,025)	(1,025)	0	0	(1,125)	100	0	0	0	0
Treasury stock retirement									0
Dividends on common stock	(6)	(6)	0	0	0	(6)	0	0	0	0
Share-based compensation	81	81	0	0	(29)	110	0	0	0	0
Contributions from (Distributions to) noncontrolling interest, net	(441)	0	0	0	0	0	0	0	0	(442)
Balance at Dec. 31, 2018	9,005	8,213	0	3	(4,981)	24,316	607	0	(11,732)	792
Comprehensive income (loss)
Net income (loss)	(301)	(351)	0	0	0	0	0	0	(351)	50
Other comprehensive income (loss), after tax	2,381	2,381	0	0	0	0	2,381	0	0	0
Less: Comprehensive income (loss) attributable to noncontrolling interest	50									50
Comprehensive income (loss)	2,080	2,030
Preferred stock issuance	293	293	0	0	0	293	0	0	0	0
Common stock issuance	3	3	0	0	0	3	0	0	0	0
Common stock acquired - Share repurchase	(1,136)	(1,136)	0	0	(1,096)	(40)	0	0	0	0
Treasury stock retirement	0	0	0	(1)	5,666	(13,452)	0	0	7,787	0
Dividends on preferred stock	28	28	0	0	0	18	0	0	10	0
Dividends on common stock	(44)	(44)	0	0	0	(44)	0	0	0	0
Share-based compensation	77	77	0	0	(49)	126	0	0	0	0
Contributions from (Distributions to) noncontrolling interest, net	(20)	0	0	0	0	0	0	0	0	(20)
Balance at Dec. 31, 2019	10,230	9,408	0	2	(460)	11,184	3,331	0	(4,649)	822
Increase (Decrease) in Stockholders' Equity
Adjustment for adoption of ASU | Accounting Standards Update 2018-02	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 343	$ 0	$ (343)	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Cash Flows from Operating Activities:
Net income (loss)	$ (301)	$ 1,020	$ (2,775)
Adjustments to reconcile net income (loss) to net cash proviced by operating activities:
(Income) loss from discontinued operations, net of tax	1,066	(529)	2,473
Capitalization of deferred policy acquisition costs, value of business acquired and sales inducements	(110)	(109)	(133)
Net amortization of deferred policy acquisition costs, value of business acquired and sales inducements	205	235	358
Future policy benefits, claims reserves and interest credited	567	475	506
Deferred income tax expense (benefit)	(332)	(83)	814
Net realized capital losses	166	355	209
Share-based compensation	98	96	117
(Gains) losses on consolidated investment entities	(102)	(256)	(343)
(Gains) losses on limited partnerships/corporations	(93)	(45)	(26)
Change in:
Premiums receivable and reinsurance recoverable	111	178	185
Other receivables and assets accruals	254	(314)	281
Other payables and accruals	(71)	(164)	(60)
(Increase) decrease in cash held by consolidated investment entities	(57)	(305)	(557)
Other, net	11	262	22
Net cash provided by operating activities - discontinued operations	(102)	1,052	511
Net cash provided by operating activities	1,310	1,868	1,582
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	6,423	6,419	7,001
Equity securities	163	152	54
Mortgage loans on real estate	1,153	895	851
Limited partnerships/corporations	205	318	211
Acquisition of:
Fixed maturities	(6,455)	(7,513)	(6,445)
Equity securities, available-for-sale	(55)	(57)	(45)
Mortgage loans on real estate	(760)	(643)	(1,478)
Limited partnerships/corporations	(403)	(318)	(302)
Short-term investments, net	58	273	(28)
Derivatives, net	(29)	72	203
Sales from consolidated investment entities	586	1,365	2,047
Purchases within consolidated investment entities	(1,385)	(994)	(2,036)
Collateral received (delivered), net	(95)	(28)	(205)
Other, net	(35)	(9)	5
Net cash provided by (used in) investing activities - discontinued operations	(626)	(214)	(2,261)
Net cash used in investing activities	(1,255)	(282)	(2,428)
Cash Flows from Financing Activities:
Deposits received for investment contracts	4,383	4,884	3,593
Maturities and withdrawals from investment contracts	(5,180)	(4,799)	(4,763)
Settlements on deposit contracts	(8)	(10)	0
Proceeds from issuance of debt with maturities of more than three months	0	288	338
Repayment of debt with maturities of more than three months	(113)	(677)	(461)
Debt issuance costs	0	(6)	(3)
Borrowings of consolidated investment entities	1,106	773	967
Repayments of borrowings of consolidated investment entities	(903)	(656)	(804)
Contributions from (distributions to) participants in consolidated investment entities	715	(166)	449
Proceeds from issuance of common stock, net	3	3	3
Proceeds from issuance of preferred stock, net	293	319	0
Share-based compensation	(22)	(14)	(8)
Common stock acquired - Share repurchase	(1,136)	(1,025)	(923)
Dividends paid on common stock	(44)	(6)	(8)
Dividends paid on preferred stock	(28)	0	0
Net cash provided by financing activities - discontinued operations	813	(672)	1,271
Net cash used in financing activities	(121)	(1,764)	(349)
Net increase (decrease) in cash and cash equivalents	(66)	(178)	(1,195)
Cash and cash equivalents, beginning of period	1,538	1,716	2,911
Cash and cash equivalents, end of period	1,472	1,538	1,716
Less: Cash and cash equivalents of discontinued operations, end of period	291	301	862
Cash and cash equivalents of continuing operations, end of period	1,181	1,237	854
Supplemental cash flow information:
Income taxes (received) paid, net	(127)	1	(154)
Interest paid	159	180	174
Non-cash investing and financing activities:
Leased assets in exchange for finance lease liabilities	68	0	0
Treasury stock retirement	0
Accounting Standards Update 2016-02
Non-cash investing and financing activities:
Initial recognition of operating leases upon adoption of ASU 2016-02	146	0	0
Unappropriated
Cash Flows from Operating Activities:
Net income (loss)	(351)	875	(2,992)
Non-cash investing and financing activities:
Treasury stock retirement	$ 7,787	$ 0	$ 0

Business, Basis of Presentation

Business, Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Business, Basis of Presentation and Significant Accounting Policies	Business, Basis of Presentation and Significant Accounting Policies Business Voya Financial, Inc. and its subsidiaries (collectively the "Company") is a financial services organization in the United States that offers a broad range of retirement services, investment management services, mutual funds, group insurance and supplemental health products. On December 18, 2019, the Company entered into a Master Transaction Agreement (the “Resolution MTA”) with Resolution Life U.S. Holdings Inc., a Delaware corporation (“Resolution Life US”), pursuant to which Resolution Life US will acquire all of the shares of the capital stock of Security Life of Denver Company ("SLD") and Security Life of Denver International Limited ("SLDI"), including the capital stock of several subsidiaries of SLD and SLDI. The transaction is expected to close by September 30, 2020 and is subject to conditions specified in the Resolution MTA, including the receipt of required regulatory approvals. The assets and liabilities related to the businesses to be sold have been classified as held for sale in the accompanying Consolidated Balance Sheets and as discontinued operations in the accompanying Consolidated Statements of Operations and Consolidated Statements of Cash Flows and are reported separately for all periods presented. See the Business Held for Sale and Discontinued Operations Note to these Consolidated Financial Statements. Concurrently with the sale, SLD will enter into reinsurance agreements with insurance subsidiaries of the Company. Pursuant to these agreements, the Company's subsidiaries will reinsure to SLD certain individual life insurance and annuities businesses. The sale of SLD, SLDI and several of their subsidiaries along with the aforementioned reinsurance transactions are referred to herein as the "Individual Life Transaction". The Individual Life Transaction will result in the disposition of substantially all of our life insurance and legacy non-retirement annuity businesses and related assets. As such, the Company will no longer report its Individual Life business as an operating segment. On June 1, 2018, the Company consummated a series of transactions (collectively, the " 2018 Transaction") pursuant to a Master Transaction Agreement dated December 20, 2017 (the "2018 MTA") with VA Capital Company LLC ("VA Capital") and Athene Holding Ltd. ("Athene"). As part of the Transaction, Venerable Holdings, Inc. ("Venerable"), a wholly owned subsidiary of VA Capital, acquired two of the Company's subsidiaries, Voya Insurance and Annuity Company ("VIAC") and Directed Services, LLC ("DSL"), and VIAC and other Voya subsidiaries reinsured to Athene substantially all of their fixed and fixed indexed annuities business. In connection with the 2018 Transaction, VIAC and another Voya subsidiary engaged in a series of reinsurance arrangements pursuant to which Voya and its subsidiaries other than VIAC retained VIAC’s businesses other than variable annuities and fixed and fixed indexed annuities. The Transaction resulted in the disposition of substantially all of the Company's Closed Block Variable Annuity ("CBVA") and Annuities businesses. The Company provides its principal products and services through three segments: Retirement, Investment Management and Employee Benefits. In addition, the Company includes in Corporate activities that are not directly related to its segments and certain run-off activities that are not meaningful to the Company's business strategy. See the Segments Note to these Consolidated Financial Statements. Prior to May 2013, the Company was an indirect, wholly-owned subsidiary of ING Groep N.V. ("ING Group" or "ING"), a global financial services holding company based in The Netherlands. In May 2013, Voya Financial Inc. completed its initial public offering ("IPO") of common stock, including the issuance and sale of common stock by Voya Financial, Inc. and the sale of shares of common stock owned indirectly by ING Group. Between October 2013 and March 2015, ING Group completed the sale of its remaining shares of common stock of Voya Financial, Inc. in a series of registered public offerings. Basis of Presentation The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The Consolidated Financial Statements include the accounts of Voya Financial, Inc. and its subsidiaries, as well as other (voting interest entities ("VOEs")) and variable interest entities ("VIEs") in which the Company has a controlling financial interest. See the Consolidated Investment Entities Note to these Consolidated Financial Statements. Intercompany transactions and balances have been eliminated. Significant Accounting Policies Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Those estimates are inherently subject to change and actual results could differ from those estimates. The Company has identified the following accounts and policies as the most significant in that they involve a higher degree of judgment, are subject to a significant degree of variability and/or contain significant accounting estimates: • Reserves for future policy benefits; • Deferred policy acquisition costs ("DAC"), value of business acquired ("VOBA") and other intangibles (collectively, "DAC/VOBA and other intangibles"); • Valuation of investments and derivatives; • Impairments; • Income taxes; • Contingencies; and • Employee benefit plans. Fair Value Measurement The Company measures the fair value of its financial assets and liabilities based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset, or nonperformance risk, including the Company's own credit risk. The estimate of fair value is the price that would be received to sell an asset or transfer a liability ("exit price") in an orderly transaction between market participants in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability. The Company uses a number of valuation sources to determine the fair values of its financial assets and liabilities, including quoted market prices, third-party commercial pricing services, third-party brokers, industry-standard, vendor-provided software that models the value based on market observable inputs, and other internal modeling techniques based on projected cash flows. Investments The accounting policies for the Company's principal investments are as follows: Fixed Maturities and Equity Securities : Effective January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2016-01 "Financial Instruments-Overall (ASC Subtopic 825-10):Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01") (See the Adoption of New Pronouncements section below). As a result, the Company measures its equity securities at fair value and recognizes any changes in fair value in net income. Prior to adoption, equity securities were designated as available-for-sale and reported at fair value with unrealized capital gains (losses) recorded in Accumulated other comprehensive income (loss) ("AOCI"). The Company's fixed maturities are currently designated as available-for-sale, except those accounted for using the fair value option ("FVO"). Available-for-sale securities are reported at fair value and unrealized capital gains (losses) on these securities are recorded directly in AOCI and presented net of related changes in DAC/VOBA and other intangibles and Deferred income taxes. In addition, certain fixed maturities have embedded derivatives, which are reported with the host contract on the Consolidated Balance Sheets. The Company has elected the FVO for certain of its fixed maturities to better match the measurement of assets and liabilities in the Consolidated Statements of Operations. Certain collateralized mortgage obligations ("CMOs"), primarily interest-only and principal-only strips, are accounted for as hybrid instruments and valued at fair value with changes in the fair value recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Purchases and sales of fixed maturities and equity securities, excluding private placements, are recorded on the trade date. Purchases and sales of private placements and mortgage loans are recorded on the closing date. Investment gains and losses on sales of securities are generally determined on a first-in-first-out ("FIFO") basis. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Dividends on equity securities are recorded when declared. Such dividends and interest income are recorded in Net investment income in the Consolidated Statements of Operations. Included within fixed maturities are loan-backed securities, including residential mortgage-backed securities ("RMBS"), commercial mortgage-backed securities ("CMBS") and asset-backed securities ("ABS"). Amortization of the premium or discount from the purchase of these securities considers the estimated timing and amount of prepayments of the underlying loans. Actual prepayment experience is periodically reviewed and effective yields are recalculated when differences arise between the prepayments originally anticipated and the actual prepayments received and currently anticipated. Prepayment assumptions for single-class and multi-class mortgage-backed securities ("MBS") and ABS are estimated by management using inputs obtained from third-party specialists, including broker-dealers, and based on management's knowledge of the current market. For prepayment-sensitive securities such as interest-only and principal-only strips, inverse floaters and credit-sensitive MBS and ABS securities, which represent beneficial interests in securitized financial assets that are not of high credit quality or that have been credit impaired, the effective yield is recalculated on a prospective basis. For all other MBS and ABS, the effective yield is recalculated on a retrospective basis. Short-term Investments : Short-term investments include investments with remaining maturities of one year or less, but greater than three months, at the time of purchase. These investments are stated at fair value. Assets Held in Separate Accounts : Assets held in separate accounts are reported at the fair values of the underlying investments in the separate accounts. The underlying investments include mutual funds, short-term investments, cash and fixed maturities. Mortgage Loans on Real Estate : The Company's mortgage loans on real estate are all commercial mortgage loans, which are reported at amortized cost, less impairment write-downs and allowance for losses. If a mortgage loan is determined to be impaired (i.e., when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement), the carrying value of the mortgage loan is reduced to the lower of either the present value of expected cash flows from the loan, discounted at the loan's original purchase yield, or fair value of the collateral. For those mortgages that are determined to require foreclosure, the carrying value is reduced to the fair value of the underlying collateral, net of estimated costs to obtain and sell at the point of foreclosure. The carrying value of the impaired loans is reduced by establishing a permanent write-down recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Property obtained from foreclosed mortgage loans is recorded in Other investments on the Consolidated Balance Sheets. Mortgage loans are evaluated by the Company's investment professionals, including an appraisal of loan-specific credit quality, property characteristics and market trends. Loan performance is continuously monitored on a loan-specific basis throughout the year. The Company's review includes submitted appraisals, operating statements, rent revenues and annual inspection reports, among other items. This review evaluates whether the properties are performing at a consistent and acceptable level to secure the debt. Mortgages are rated for the purpose of quantifying the level of risk. Those loans with higher risk are placed on a watch list and are closely monitored for collateral deficiency or other credit events that may lead to a potential loss of principal or interest. The Company defines delinquent mortgage loans consistent with industry practice as 60 days past due. Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. Factors considered may include conversations with the borrower, loss of major tenant, bankruptcy of borrower or major tenant, decreased property cash flow, number of days past due, or various other circumstances. Based on an assessment as to the collectability of the principal, a determination is made either to apply against the book value or apply according to the contractual terms of the loan. Funds recovered in excess of book value would then be applied to recover expenses, impairments, and then interest. Accrual of interest resumes after factors resulting in doubts about collectability have improved. The Company records an allowance for probable losses incurred on non-impaired loans on an aggregate basis, rather than specifically identified probable losses incurred by individual loan. Policy Loans : Policy loans are carried at an amount equal to the unpaid balance. Interest income on such loans is recorded as earned in Net investment income using the contractually agreed upon interest rate. Generally, interest is capitalized on the policy's anniversary date. Valuation allowances are not established for policy loans, as these loans are collateralized by the cash surrender value of the associated insurance contracts. Any unpaid principal or interest on the loan is deducted from the account value or the death benefit prior to settlement of the policy. Limited Partnerships/Corporations : The Company uses the equity method of accounting for investments in limited partnership interests that are not consolidated, which primarily consist of investments in private equity funds, hedge funds and other VIEs for which the Company is not the primary beneficiary. Generally, the Company records its share of earnings using a lag methodology, relying on the most recent financial information available, generally not to exceed three months. The Company's earnings from limited partnership interests accounted for under the equity method are recorded in Net investment income. Other Investments : Other investments are comprised primarily of Federal Home Loan Bank ("FHLB") stock and property obtained from foreclosed mortgage loans, as well as other miscellaneous investments. The Company is a member of the FHLB system and is required to own a certain amount of FHLB stock based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security and periodically evaluated for impairment based on ultimate recovery of par value. Securities Lending : The Company engages in securities lending whereby certain securities from its portfolio are loaned to other institutions, through a lending agent, for short periods of time. The Company has the right to approve any institution with whom the lending agent transacts on its behalf. Initial collateral, primarily cash, is required at a rate of 102% of the market value of the loaned securities. The lending agent retains the collateral and invests it in short-term liquid assets on behalf of the Company. The market value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the market value of the loaned securities fluctuates. The lending agent indemnifies the Company against losses resulting from the failure of a counterparty to return securities pledged where collateral is insufficient to cover the loss. Impairments The Company evaluates its available-for-sale investments quarterly to determine whether there has been an other-than-temporary decline in fair value below the amortized cost basis. This evaluation process entails considerable judgment and estimation. Factors considered in this analysis include, but are not limited to, the length of time and the extent to which the fair value has been less than amortized cost, the issuer's financial condition and near-term prospects, future economic conditions and market forecasts, interest rate changes and changes in ratings of the security. An extended and severe unrealized loss position on a fixed maturity may not have any impact on: (a) the ability of the issuer to service all scheduled interest and principal payments and (b) the evaluation of recoverability of all contractual cash flows or the ability to recover an amount at least equal to its amortized cost based on the present value of the expected future cash flows to be collected. When assessing the Company's intent to sell a security, or if it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, management evaluates facts and circumstances such as, but not limited to, decisions to rebalance the investment portfolio and sales of investments to meet cash flow or capital needs. When the Company has determined it has the intent to sell, or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, and the fair value has declined below amortized cost ("intent impairment"), the individual security is written down from amortized cost to fair value, and a corresponding charge is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations as an other-than-temporary impairment ("OTTI"). If the Company does not intend to sell the security, and it is not more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, but the Company has determined that there has been an other-than-temporary decline in fair value below the amortized cost basis, the OTTI is bifurcated into the amount representing the present value of the decrease in cash flows expected to be collected ("credit impairment") and the amount related to other factors ("noncredit impairment"). The credit impairment is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations. The noncredit impairment is recorded in Other comprehensive income (loss). The Company uses the following methodology and significant inputs to determine the amount of the OTTI credit loss: • When determining collectability and the period over which the value is expected to recover for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company applies the same considerations utilized in its overall impairment evaluation process, which incorporates information regarding the specific security, the industry and geographic area in which the issuer operates and overall macroeconomic conditions. Projected future cash flows are estimated using assumptions derived from the Company's best estimates of likely scenario-based outcomes, after giving consideration to a variety of variables that includes, but is not limited to: general payment terms of the security; the likelihood that the issuer can service the scheduled interest and principal payments; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; possible corporate restructurings or asset sales by the issuer; and changes to the rating of the security or the issuer by rating agencies. • Additional considerations are made when assessing the unique features that apply to certain structured securities, such as subprime, Alt-A, non-agency RMBS, CMBS and ABS. These additional factors for structured securities include, but are not limited to: the quality of underlying collateral; expected prepayment speeds; loan-to-value ratios; debt service coverage ratios; current and forecasted loss severity; consideration of the payment terms of the underlying assets backing a particular security; and the payment priority within the tranche structure of the security. • When determining the amount of the credit loss for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company considers the estimated fair value as the recovery value when available information does not indicate that another value is more appropriate. When information is identified that indicates a recovery value other than estimated fair value, the Company considers in the determination of recovery value the same considerations utilized in its overall impairment evaluation process, which incorporates available information and the Company's best estimate of scenario-based outcomes regarding the specific security and issuer; possible corporate restructurings or asset sales by the issuer; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; fundamentals of the industry and geographic area in which the security issuer operates; and the overall macroeconomic conditions. • The Company performs a discounted cash flow analysis comparing the current amortized cost of a security to the present value of future cash flows expected to be received, including estimated defaults and prepayments. The discount rate is generally the effective interest rate of the fixed maturity prior to impairment. In periods subsequent to the recognition of the credit related impairment components of OTTI on a fixed maturity, the Company accounts for the impaired security as if it had been purchased on the measurement date of the impairment. Accordingly, the discount (or reduced premium) based on the new cost basis is accreted into Net investment income over the remaining term of the fixed maturity in a prospective manner based on the amount and timing of estimated future cash flows. Derivatives The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement. The Company enters into interest rate, equity market, credit default and currency contracts, including swaps, futures, forwards, caps, floors and options, to reduce and manage various risks associated with changes in value, yield, price, cash flow or exchange rates of assets or liabilities held or intended to be held, or to assume or reduce credit exposure associated with a referenced asset, index or pool. The Company also utilizes options and futures on equity indices to reduce and manage risks associated with its universal life-type and annuity products. Derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. Changes in the fair value of derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. • Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. • Cash Flow Hedge : For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. When hedge accounting is discontinued because it is determined that the derivative is no longer expected to be highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with subsequent changes in estimated fair value recognized currently in Other net realized capital gains (losses). The carrying value of the hedged asset or liability under a fair value hedge is no longer adjusted for changes in its estimated fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in estimated fair value of derivatives recorded in Other comprehensive income (loss) related to discontinued cash flow hedges are released into the Consolidated Statements of Operations when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur on the anticipated date, or within two months of that date, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with changes in estimated fair value recognized currently in Other net realized capital gains (losses). Derivative gains and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses). The Company also has investments in certain fixed maturities and has issued certain universal life-type and annuity products that contain embedded derivatives for which fair value is at least partially determined by levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity markets or credit ratings/spreads. Embedded derivatives within fixed maturities are included with the host contract on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Embedded derivatives within certain universal life-type and annuity products are included in Future policy benefits on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. In addition, the Company has entered into coinsurance with funds withheld and modified coinsurance reinsurance arrangements that contain embedded derivatives, the fair value of which is based on the change in the fair value of the underlying assets held in trust. The embedded derivatives within coinsurance with funds withheld reinsurance arrangements and modified coinsurance reinsurance arrangements are reported with the host contract in Other liabilities and Premium receivables and reinsurance recoverable, respectively, on the Consolidated Balance Sheets.Changes in the fair value of embedded derivatives are recorded in Policyholder benefits in the Consolidated Statements of Operations. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and other highly liquid investments, such as money market instruments and debt instruments with maturities of three months or less at the time of purchase. Cash and cash equivalents are stated at fair value. Cash and cash equivalents of VIEs and VOEs are not available for general use by the Company. Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles DAC represents policy acquisition costs that have been capitalized and are subject to amortization and interest. Capitalized costs are incremental, direct costs of contract acquisition and certain other costs related directly to successful acquisition activities. Such costs consist principally of commissions, underwriting, sales and contract issuance and processing expenses directly related to the successful acquisition of new and renewal business. Indirect or unsuccessful acquisition costs, maintenance, product development and overhead expenses are charged to expense as incurred. VOBA represents the outstanding value of in-force business acquired and is subject to amortization and interest. The value is based on the present value of estimated net cash flows embedded in the insurance contracts at the time of the acquisition and increased for subsequent deferrable expenses on purchased policies. Collectively, the Company refers to DAC, VOBA, deferred sales inducements ("DSI") and unearned revenue ("URR") as "DAC/VOBA and other intangibles." (See " Insurance Revenue and Related Benefits" section below). DAC/VOBA and other intangibles are adjusted for the impact of unrealized capital gains (losses) on investments, as if such gains (losses) have been realized, with corresponding adjustments included in AOCI. Amortization Methodologies The Company amortizes DAC and VOBA related to certain traditional life insurance contracts and certain accident and health insurance contracts over the premium payment period in proportion to the present value of expected gross premiums. Assumptions as to mortality, morbidity, persistency and interest rates, which include provisions for adverse deviation, are consistent with the assumptions used to calculate reserves for future policy benefits. These assumptions are "locked-in" at issue and not revised unless the DAC or VOBA balance is deemed to be unrecoverable from future expected profits. Recoverability testing is performed for current issue year products to determine if gross premiums are sufficient to cover DAC or VOBA, estimated benefits and related expenses. In subsequent periods, the recoverability of DAC or VOBA is determined by assessing whether future gross premiums are sufficient to amortize DAC or VOBA, as well as provide for expected future benefits and related expenses. If a premium deficiency is deemed to be present, charges will be applied against the DAC and VOBA balances before an additional reserve is established. Absent such a premium deficiency, variability in amortization after policy issuance or acquisition relates only to variability in p

Business Held for Sale and Disc

Business Held for Sale and Discontinued Operations	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Business Held for Sale and Discontinued Operations	Business Held for Sale and Discontinued Operations As noted in the Business, Basis of Presentation and Significant Accounting Policies Note, on December 18, 2019, the Company entered into the Resolution MTA with Resolution Life US to sell several of its subsidiaries and the related Individual Life and fixed and variable annuities businesses within these subsidiaries. Additionally, on June 1, 2018, the Company consummated a series of transactions pursuant to a Master Transaction Agreement (the "2018 MTA") to sell substantially all of its fixed and fixed indexed annuities businesses. The following table presents summary information related to assets and liabilities classified as held for sale and income (loss) from discontinued operations for the periods presented: Year Ended December 31, 2019 2018 Assets held for sale Individual Life Transaction $ 20,069 $ 20,045 2018 Transaction — — Total $ 20,069 $ 20,045 Liabilities held for sale Individual Life Transaction $ 18,498 $ 17,903 2018 Transaction — — Total $ 18,498 $ 17,903 Year Ended December 31, 2019 2018 2017 Income (loss) from discontinued operations, net of tax Individual Life Transaction $ (984 ) $ 72 $ 107 2018 Transaction (82 ) 457 (2,580 ) Total $ (1,066 ) $ 529 $ (2,473 ) The following table presents summary information related to cash flows from discontinued operations for the periods presented: Year Ended December 31, 2019 2018 2017 Net cash provided by operating activities - discontinued operations Individual Life Transaction $ (102 ) $ (410 ) $ 100 2018 Transaction — 1,462 411 Total $ (102 ) $ 1,052 $ 511 Net cash provided by investing activities - discontinued operations Individual Life Transaction $ (498 ) $ (248 ) $ (1,000 ) 2018 Transaction (128 ) 34 (1,261 ) Total $ (626 ) $ (214 ) $ (2,261 ) Net cash provided by financing activities - discontinued operations Individual Life Transaction $ 813 $ 537 $ 887 2018 Transaction — (1,209 ) 384 Total $ 813 $ (672 ) $ 1,271 The Individual Life Transaction Sale of legal entities Pursuant to the the Company executing the Resolution MTA and upon closing of the Individual Life Transaction, the Company will sell five of its legal subsidiaries, SLD, SLDI, Roaring River II ("RRII"), Midwestern United Life Insurance Company ("MUL") and Voya American Equities, Inc. ("VAE") to Resolution Life US. Resolution Life US is an insurance holding company newly formed by Resolution Life Group Holdings, L.P., a Bermuda-based limited partnership (“RLGH”). The Individual Life Transaction is expected to close by September 30, 2020 and is subject to conditions specified in the Resolution MTA, including the receipt of required regulatory approvals. The purchase price in the transaction is approximately $1.25 billion , with an adjustment based on the adjusted capital and surplus of SLD, SLDI and RRII at closing. The purchase price includes cash consideration of approximately $902 , a $225 equity interest in RLGH, and $123 principal amount in surplus notes issued by SLD that will be retained by the Company under modified terms. The receivable for the surplus notes and SLD's corresponding liability outstanding as of December 31, 2019 and 2018 are included in Other investments and Liabilities held for sale, respectively, on the Company's Consolidated Balance Sheets. In the summary of major categories of assets and liabilities held for sale below, SLD's corresponding liability for the surplus notes is included in Notes payable. The Individual Life Transaction is subject to a $100 reverse termination fee that would be payable by Resolution Life US to the Company if the Resolution MTA is terminated in prescribed circumstances related to the failure by Resolution Life US’s reserve financing provider to provide a committed financing facility. A separate $20 termination fee would be payable by Resolution Life US to the Company in prescribed circumstances where the Resolution MTA is terminated due to a failure to obtain certain approvals or consents. Concurrent with the execution of the Resolution MTA, RLGH provided the Company with a limited guarantee to guarantee its financial obligations for an amount not to exceed $1.3 billion , including the termination fees and subject to the terms and conditions in the Resolution MTA. The Company has determined that these entities to be disposed of meet the criteria to be classified as held for sale and that the sale represents a strategic shift that will have a major effect on the Company’s operations. Accordingly, the results of operations of the entities to be sold have been presented as discontinued operations in the accompanying Consolidated Statements of Operations and Consolidated Statements of Cash Flows, and the assets and liabilities of the businesses have been classified as held for sale and segregated for all periods presented in the Consolidated Balance Sheets. A business classified as held for sale is recorded at the lower of its carrying value or estimated fair value less cost to sell. If the carrying value exceeds its estimated fair value less cost to sell, a loss is recognized. Transactions between the businesses held for sale and businesses in continuing operations that are expected to continue to exist after the disposal are not eliminated to appropriately reflect the continuing operations and the assets, liabilities and results of the businesses held for sale. The results of discontinued operations are reported in "Income (loss) from discontinued operations, net of tax" in the accompanying Consolidated Statements of Operations for all periods presented. In addition, Income (loss) from discontinued operations, net of tax, for the year ended December 31, 2019 includes the estimated loss on sale, net of tax of $1,108 to write down the carrying value of the businesses held for sale to estimated fair value, which is based on the estimated sales price of the transaction, less cost to sell and other adjustments in accordance with the Resolution MTA. Additionally, the estimated loss on sale is based on assumptions that are subject to change due to fluctuations in market conditions and other variables that may occur prior to the closing date. The following table summarizes the major categories of assets and liabilities classified as held for sale related to the Individual Life Transaction in the accompanying Consolidated Balance Sheets as of December 31, 2019 and 2018 : As of December 31, 2019 2018 Assets: Investments: Fixed maturities, available-for-sale, at fair value $ 11,483 $ 9,401 Fixed maturities, at fair value using the fair value option 752 722 Mortgage loans on real estate, net of valuation allowance 1,319 1,395 Policy loans 1,005 1,019 Derivatives 304 131 Other investments (1) 430 333 Securities pledged 235 405 Total investments 15,528 13,406 Cash and cash equivalents 291 301 Short-term investments under securities loan agreements, including collateral delivered 216 391 Premium receivable and reinsurance recoverable 3,101 3,309 Deferred policy acquisition costs and Value of business acquired 607 1,143 Current income taxes 136 220 Deferred income taxes (757 ) (452 ) Other assets (2) 570 430 Assets held in separate accounts 1,485 1,297 Write-down of businesses held for sale to fair value less cost to sell (1,108 ) — Total assets held for sale $ 20,069 $ 20,045 Liabilities: Future policy benefits and contract owner account balances $ 15,472 $ 15,008 Payables under securities loan and repurchase agreements, including collateral held 428 455 Derivatives 77 53 Notes payable 252 222 Other liabilities 784 868 Liabilities related to separate accounts 1,485 1,297 Total liabilities held for sale $ 18,498 $ 17,903 (1) Includes Other investments, Equity securities, Limited Partnerships/corporations and Short-term investments. (2) Includes Other assets and Accrued investment income. The following table summarizes the components of Income (loss) from discontinued operations, net of tax related to the Individual Life Transaction for the y ears ended December 31, 2019 , 2018 and 2017 : Year Ended December 31, 2019 2018 2017 Revenues: Net investment income $ 665 $ 649 $ 672 Fee income 750 743 754 Premiums 27 27 24 Total net realized capital gains (losses) 45 (44 ) (18 ) Other revenue (21 ) 4 (8 ) Total revenues 1,466 1,379 1,424 Benefits and expenses: Interest credited and other benefits to contract owners/policyholders 1,065 1,050 978 Operating expenses 83 96 102 Net amortization of Deferred policy acquisition costs and Value of business acquired 153 135 176 Interest expense 10 9 8 Total benefits and expenses 1,311 1,290 1,264 Income (loss) from discontinued operations before income taxes 155 89 160 Income tax expense (benefit) 31 17 53 Loss on sale, net of tax (1,108 ) — — Income (loss) from discontinued operations, net of tax $ (984 ) $ 72 $ 107 The estimated purchase price and estimated carrying value of the legal entities to be sold as of the future date of closing, and therefore the estimated loss on sale related to the Individual Life Transaction, are subject to adjustment in future quarters until closing, and may be influenced by, but not limited to, the following factors: • The performance of the businesses held for sale, including the impact of mortality, reinsurance rates and financing costs; • Changes in the terms of the Transaction, including as the result of subsequent negotiations or as necessary to obtain regulatory approval; and • Other changes in the terms of the Transaction due to unanticipated developments. The Company is required to remeasure the estimated fair value and loss on sale at the end of each quarter until closing of the Transaction. Changes in the estimated loss on sale that occur prior to closing of the Transaction will be reported as an adjustment to Income (loss) from discontinued operations, net of tax, in future quarters prior to closing. Reinsurance Concurrently with the sale, SLD will enter into reinsurance agreements with Reliastar Life Insurance Company ("RLI"), ReliaStar Life Insurance Company of New York ("RLNY"), and Voya Retirement Insurance and Annuity Company ("VRIAC"), each of which is a direct or indirect wholly owned subsidiary of the Company. Pursuant to these agreements, RLI and VRIAC will reinsure to SLD a 100% quota share, and RLNY will reinsure to SLD a 75% quota share, of their respective individual life insurance and annuities businesses. RLI, RLNY, and VRIAC will remain subsidiaries of the Company. The Company currently expects that these reinsurance transactions will be carried out on a coinsurance basis, with SLD’s reinsurance obligations collateralized by assets in trust. Based on values as of December 31, 2019, U.S GAAP reserves to be ceded under the Individual Life Transaction (defined below) are expected to be approximately $11.0 billion and are subject to change until closing. The reinsurance agreements along with the sale of the legal entities noted above will result in the disposition of substantially all of the Company's life insurance and legacy non-retirement annuity businesses and related assets. The revenues and net results of the Individual Life and Annuities businesses that will be disposed of via reinsurance are reported in businesses exited or to be exited through reinsurance or divestment which is an adjustment to the Company's U.S. GAAP revenues and earnings measures to calculate Adjusted operating revenues and Adjusted operating earnings before income taxes, respectively. In connection with the reinsurance agreements mentioned above, the Company may incur charges associated with the termination or recapture of existing reinsurance arrangements with its reinsurers. The 2018 Transaction On June 1, 2018, the Company consummated a series of transactions (collectively, the "2018 Transaction") pursuant to a Master Transaction Agreement dated December 20, 2017 (the "2018 MTA") with VA Capital Company LLC ("VA Capital") and Athene Holding Ltd. ("Athene"). As part of the 2018 Transaction, Venerable Holdings, Inc. ("Venerable"), a wholly owned subsidiary of VA Capital, acquired two of the Company's subsidiaries, Voya Insurance and Annuity Company ("VIAC") and Directed Services, LLC ("DSL"), and VIAC and other Voya subsidiaries reinsured to Athene substantially all of their fixed and fixed indexed annuities business. The Company has determined that the CBVA and Annuities businesses disposed of in the 2018 Transaction meet the criteria to be classified as discontinued operations and that the sale represents a strategic shift that has a major effect on the Company’s operations. Accordingly, the results of operations of the businesses sold have been presented as discontinued operations in the accompanying Consolidated Statements of Operations and Consolidated Statements of Cash Flows for all periods presented. Pursuant to the terms of the 2018 MTA and prior to the closing of the Transaction, VIAC undertook certain restructuring transactions, including reinsurance, with several affiliates in order to transfer business and assets into and out of VIAC from and to the Company's affiliates. See the Reinsurance Note to the Consolidated Financial Statements for further information. The purchase price for VIAC was $169 and was equal to the difference between the Required Adjusted Book Value (as defined in the 2018 MTA) and the Statutory capital in VIAC at closing, after giving effect to certain agreed upon adjustments. Following the closing of the Transaction, the Company, through its other insurance subsidiaries, continued to own surplus notes issued by VIAC in an aggregate principal amount of $350 and acquired a 9.99% equity interest in VA Capital. The investment in surplus notes was reported in Fixed maturities, available-for-sale on the Company's Consolidated Balance Sheet as of December, 31, 2018. Final loss on sale related to the 2018 Transaction was $2,000 which included transaction costs of $33 and the loss of $460 of deferred tax assets and was recorded in the Company's Consolidated Statements of Operations as presented in the Income (loss) from discontinued operations table below. The final loss on sale included the outstanding purchase price true-up amounts with VA Capital of $82 which was settled during the year ended December 31, 2019 . Upon execution of the Individual Life Transaction including the reinsurance arrangements disclosed in the Individual Life Transaction section above, the Company will continue to hold an insignificant number of Individual Life, Annuities and CBVA policies. These policies are referred to in this Annual Report on Form 10-K as "Residual Runoff Business". The following table summarizes the components of Income (loss) from discontinued operations, net of tax related to the 2018 Transaction for the y ears ended December 31, 2019 , 2018 and 2017 : Year Ended December 31, 2019 2018 2017 Revenues: Net investment income $ — $ 510 $ 1,266 Fee income — 295 801 Premiums — (50 ) 190 Total net realized capital losses — (345 ) (1,234 ) Other revenue — 10 19 Total revenues — 420 1,042 Benefits and expenses: Interest credited and other benefits to contract owners/policyholders — 442 978 Operating expenses — (14 ) 250 Net amortization of Deferred policy acquisition costs and Value of business acquired — 49 127 Interest expense — 10 22 Total benefits and expenses — 487 1,377 Income (loss) from discontinued operations before income taxes — (67 ) (335 ) Income tax expense (benefit) — (19 ) (178 ) Loss on sale, net of tax (82 ) 505 (2,423 ) Income (loss) from discontinued operations, net of tax $ (82 ) $ 457 $ (2,580 )

Investments (excluding Consolid

Investments (excluding Consolidated Investment Entities)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Investments (excluding Consolidated Investment Entities)	1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2019 (1) Loan-to-Value Ratios: 0% - 50% $ 650 $ 24 $ 11 $ 2 $ — $ 687 10.0 % >50% - 60% 1,597 53 36 37 — 1,723 25.0 % >60% - 70% 2,669 581 329 131 — 3,710 53.9 % >70% - 80% 384 119 121 79 — 703 10.2 % >80% and above 33 16 — 7 — 56 0.9 % Total $ 5,333 $ 793 $ 497 $ 256 $ — $ 6,879 100.0 % Recorded Investment Debt Service Coverage Ratios > 1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2018 (1) Loan-to-Value Ratios: 0% - 50% $ 553 $ 39 $ 26 $ 2 $ — $ 620 8.5 % >50% - 60% 1,653 57 37 6 — 1,753 24.1 % >60% - 70% 3,106 463 631 53 32 4,285 58.8 % >70% - 80% 324 124 93 23 4 568 7.8 % >80% and above 18 6 10 — 23 57 0.8 % Total $ 5,654 $ 689 $ 797 $ 84 $ 59 $ 7,283 100.0 % (1) Balances do not include collective valuation allowance for losses. Properties collateralizing mortgage loans are geographically dispersed throughout the United States, as well as diversified by property type, as reflected in the following tables as of the dates indicated: December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by U.S. Region: Pacific $ 1,627 23.6 $ 1,699 23.3 % South Atlantic 1,462 21.3 1,519 20.9 % Middle Atlantic 1,326 19.3 1,351 18.6 % West South Central 719 10.5 817 11.2 % Mountain 670 9.7 706 9.7 % East North Central 571 8.3 666 9.1 % New England 117 1.7 109 1.5 % West North Central 283 4.1 338 4.6 % East South Central 104 1.5 78 1.1 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 % December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by Property Type: Retail $ 1,873 27.3 $ 2,067 28.3 % Industrial 1,636 23.8 1,803 24.8 % Apartments 1,797 26.1 1,696 23.3 % Office 999 14.5 1,144 15.7 % Hotel/Motel 188 2.7 162 2.2 % Other 324 4.7 347 4.8 % Mixed Use 62 0.9 64 0.9 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 % Net Investment Income The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities $ 2,241 $ 2,181 $ 2,138 Equity securities 11 12 8 Mortgage loans on real estate 334 335 333 Policy loans 42 47 48 Short-term investments and cash equivalents 12 14 10 Other 222 146 144 Gross investment income 2,862 2,735 2,681 Less: investment expenses 70 66 40 Net investment income $ 2,792 $ 2,669 $ 2,641 As of December 31, 2019 and 2018 , the Company had $1 and $5 , respectively, of investments in fixed maturities that did not produce net investment income. Fixed maturities are moved to a non-accrual status when the investment defaults. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Such interest income is recorded in Net investment income in the Consolidated Statements of Operations. Net Realized Capital Gains (Losses) Net realized capital gains (losses) comprise the difference between the amortized cost of investments and proceeds from sale and redemption, as well as losses incurred due to the credit-related and intent-related other-than-temporary impairment of investments. Realized investment gains and losses are also primarily generated from changes in fair value of embedded derivatives within products and fixed maturities, changes in fair value of fixed maturities recorded at FVO and changes in fair value including accruals on derivative instruments, except for effective cash flow hedges. Net realized capital gains (losses) also include changes in fair value of equity securities. The cost of the investments on disposal is generally determined based on FIFO methodology. Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities, available-for-sale, including securities pledged $ (21 ) $ (88 ) $ (13 ) Fixed maturities, at fair value option 40 (357 ) (238 ) Equity securities (16 ) (9 ) (1 ) Derivatives (164 ) (16 ) (2 ) Embedded derivatives - fixed maturities 3 (6 ) (10 ) Guaranteed benefit derivatives (6 ) 92 65 Other investments (2 ) 29 (10 ) Net realized capital gains (losses) $ (166 ) $ (355 ) $ (209 ) For the years ended December 31, 2019 and 2018 , the change in the fair value of equity securities still held as of December 31, 2019 and 2018 was $(16) and $(8) , respectively. Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax, were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Proceeds on sales $ 4,105 $ 4,162 $ 4,164 Gross gains 63 29 67 Gross losses 54 82 50" id="sjs-B4">Investments (excluding Consolidated Investment Entities) Fixed Maturities Available-for-sale and FVO fixed maturities were as follows as of December 31, 2019 : Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Embedded Derivatives (2) Fair Value OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 1,074 $ 308 $ — $ — $ 1,382 $ — U.S. Government agencies and authorities 74 21 — — 95 — State, municipalities and political subdivisions 1,220 103 — — 1,323 — U.S. corporate public securities 12,980 1,977 19 — 14,938 — U.S. corporate private securities 5,568 488 21 — 6,035 — Foreign corporate public securities and foreign governments (1) 3,887 460 6 — 4,341 — Foreign corporate private securities (1) 4,545 288 2 — 4,831 — Residential mortgage-backed securities 4,999 200 14 19 5,204 5 Commercial mortgage-backed securities 3,402 176 4 — 3,574 — Other asset-backed securities 2,058 22 25 — 2,055 1 Total fixed maturities, including securities pledged 39,807 4,043 91 19 43,778 6 Less: Securities pledged 1,264 154 10 — 1,408 — Total fixed maturities $ 38,543 $ 3,889 $ 81 $ 19 $ 42,370 $ 6 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $336 of net unrealized gains on impaired available-for-sale securities. Available-for-sale and FVO fixed maturities were as follows as of December 31, 2018 : Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Embedded Derivatives (2) Fair Value OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 1,228 $ 196 $ 1 $ — $ 1,423 $ — U.S. Government agencies and authorities 62 12 — — 74 — State, municipalities and political subdivisions 1,241 25 16 — 1,250 — U.S. corporate public securities 14,455 721 300 — 14,876 — U.S. corporate private securities 5,499 134 142 — 5,491 — Foreign corporate public securities and foreign governments (1) 4,139 125 129 — 4,135 — Foreign corporate private securities (1) 4,705 66 131 — 4,640 — Residential mortgage-backed securities 4,143 170 47 16 4,282 7 Commercial mortgage-backed securities 2,777 27 41 — 2,763 — Other asset-backed securities 1,688 10 40 — 1,658 2 Total fixed maturities, including securities pledged 39,937 1,486 847 16 40,592 9 Less: Securities pledged 1,436 75 49 — 1,462 — Total fixed maturities $ 38,501 $ 1,411 $ 798 $ 16 $ 39,130 $ 9 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $234 of net unrealized gains on impaired available-for-sale securities. The amortized cost and fair value of fixed maturities, including securities pledged, as of December 31, 2019 , are shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may be restructured, called or prepaid. MBS and Other ABS are shown separately because they are not due at a single maturity date. Amortized Cost Fair Value Due to mature: One year or less $ 1,105 $ 1,120 After one year through five years 5,391 5,638 After five years through ten years 8,014 8,667 After ten years 14,838 17,520 Mortgage-backed securities 8,401 8,778 Other asset-backed securities 2,058 2,055 Fixed maturities, including securities pledged $ 39,807 $ 43,778 The investment portfolio is monitored to maintain a diversified portfolio on an ongoing basis. Credit risk is mitigated by monitoring concentrations by issuer, sector and geographic stratification and limiting exposure to any one issuer. As of December 31, 2019 and 2018 , the Company did no t have any investments in a single issuer, other than obligations of the U.S. Government and government agencies, with a carrying value in excess of 10% of the Company's Total shareholders' equity. The following tables present the composition of the U.S. and foreign corporate securities within the fixed maturity portfolio by industry category as of the dates indicated: Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Fair Value December 31, 2019 Communications $ 1,694 $ 295 $ — $ 1,989 Financial 4,067 535 1 4,601 Industrial and other companies 11,669 1,274 16 12,927 Energy 2,819 368 27 3,160 Utilities 4,895 561 1 5,455 Transportation 1,206 116 2 1,320 Total $ 26,350 $ 3,149 $ 47 $ 29,452 December 31, 2018 Communications $ 1,952 $ 107 $ 29 $ 2,030 Financial 4,131 199 70 4,260 Industrial and other companies 12,707 371 330 12,748 Energy 3,180 138 117 3,201 Utilities 5,120 189 114 5,195 Transportation 1,039 27 25 1,041 Total $ 28,129 $ 1,031 $ 685 $ 28,475 The Company invests in various categories of CMOs, including CMOs that are not agency-backed, that are subject to different degrees of risk from changes in interest rates and defaults. The principal risks inherent in holding CMOs are prepayment and extension risks related to significant decreases and increases in interest rates resulting in the prepayment of principal from the underlying mortgages, either earlier or later than originally anticipated. As of December 31, 2019 and 2018 , approximately 43.4% and 46.0% , respectively, of the Company's CMO holdings, were invested in the above mentioned types of CMOs such as interest-only or principal-only strips, that are subject to more prepayment and extension risk than traditional CMOs. Public corporate fixed maturity securities are distinguished from private corporate fixed maturity securities based upon the manner in which they are transacted. Public corporate fixed maturity securities are issued initially through market intermediaries on a registered basis or pursuant to Rule 144A under the Securities Act of 1933 (the "Securities Act") and are traded on the secondary market through brokers acting as principal. Private corporate fixed maturity securities are originally issued by borrowers directly to investors pursuant to Section 4(a)(2) of the Securities Act, and are traded in the secondary market directly with counterparties, either without the participation of a broker or in agency transactions. Repurchase Agreements As of December 31, 2019 and 2018 , the Company did not have any securities pledged in dollar rolls or reverse repurchase agreements. As of December 31, 2019 , the carrying value of securities pledged and obligation to repay loans related to repurchase agreement transactions was $66 , and included in Securities pledged and Payables under securities loan and repurchase agreements, including collateral held, respectively, on the Consolidated Balance Sheets. As of December 31, 2018 , the carrying value of securities pledged and obligation to repay loans related to repurchase agreement transaction was $45 . Securities pledged related to repurchase agreements are comprised of other asset-backed securities. Securities Lending As of December 31, 2019 and 2018 , the fair value of loaned securities was $1,159 and $1,237 , respectively, and is included in Securities pledged on the Consolidated Balance Sheets. If cash is received as collateral, the lending agent retains the cash collateral and invests it in short-term liquid assets on behalf of the Company. As of December 31, 2019 and 2018 , cash collateral retained by the lending agent and invested in short-term liquid assets on the Company's behalf was $1,055 and $1,190 , respectively, and is recorded in Short-term investments under securities loan agreements, including collateral delivered on the Consolidated Balance Sheets. As of December 31, 2019 and 2018 , liabilities to return collateral of $1,055 and $1,190 , respectively, are included in Payables under securities loan and repurchase agreements, including collateral held on the Consolidated Balance Sheets. The Company accepts non-cash collateral in the form of securities. The securities retained as collateral by the lending agent may not be sold or re-pledged, except in the event of default, and are not reflected on the Company's Consolidated Balance Sheets. This collateral generally consists of U.S. Treasury, U.S. Government agency securities and MBS pools. As of December 31, 2019 and 2018 , the fair value of securities retained as collateral by the lending agent on the Company's behalf was $146 and $91 , respectively. The following table presents borrowings under securities lending transactions by asset class pledged for the dates indicated: December 31, 2019 (1)(2) December 31, 2018 (1)(2) U.S. Treasuries $ 213 $ 180 U.S. Government agencies and authorities 15 7 U.S. corporate public securities 684 813 Equity securities — 1 Foreign corporate public securities and foreign governments 289 280 Payables under securities loan agreements $ 1,201 $ 1,281 (1) As of December 31, 2019 and 2018 , borrowings under securities lending transactions include cash collateral of $1,055 and $1,190 , respectively. (2) As of December 31, 2019 and 2018 , borrowings under securities lending transactions include non-cash collateral of $146 and $91 , respectively. The Company's securities lending activities are conducted on an overnight basis, and all securities loaned can be recalled at any time. The Company does not offset assets and liabilities associated with its securities lending program. Unrealized Capital Losses Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2019 : Twelve Months or Less Below Amortized Cost More Than Twelve Months Below Amortized Cost Total Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses U.S. Treasuries $ 2 $ — * $ 21 $ — * $ 23 $ — * State, municipalities and political subdivisions 25 — * 1 — * 26 — * U.S. corporate public securities 122 3 199 16 321 19 U.S. corporate private securities 113 1 195 20 308 21 Foreign corporate public securities and foreign governments 15 — * 103 6 118 6 Foreign corporate private securities 36 — * 78 2 114 2 Residential mortgage-backed 730 8 194 6 924 14 Commercial mortgage-backed 472 4 18 — * 490 4 Other asset-backed 308 5 641 20 949 25 Total $ 1,823 $ 21 $ 1,450 $ 70 $ 3,273 $ 91 Total number of securities in an unrealized loss position 334 338 672 *Less than $1. Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2018 : Twelve Months or Less More Than Twelve Months Below Amortized Cost Total Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses U.S. Treasuries $ — $ — $ 40 $ 1 $ 40 $ 1 State, municipalities and political subdivisions 363 7 178 9 541 16 U.S. corporate public securities 5,010 220 742 80 5,752 300 U.S. corporate private securities 2,031 56 744 86 2,775 142 Foreign corporate public securities and foreign governments 1,849 88 253 41 2,102 129 Foreign corporate private securities 1,969 101 327 30 2,296 131 Residential mortgage-backed 795 17 531 30 1,326 47 Commercial mortgage-backed 1,206 22 484 19 1,690 41 Other asset-backed 1,163 38 76 2 1,239 40 Total $ 14,386 $ 549 $ 3,375 $ 298 $ 17,761 $ 847 Total number of securities in an unrealized loss position 2,177 686 2,863 Based on the Company's quarterly evaluation of its securities in a unrealized loss position, described below, the Company concluded that these securities were not other-than-temporarily impaired as of December 31, 2019 . The Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases. On a quarterly basis, the Company evaluates its available-for-sale investment portfolio to determine whether there has been an other-than-temporary decline in fair value below the amortized cost basis. All available-for-sale securities with fair values less than amortized cost are included in the Company's evaluation. Generally, for non-structured securities, management considers the estimated fair value as the recovery value when available information does not indicate that another value is more appropriate. When information is identified that indicates a recovery value other than estimated fair value, management considers in the determination of recovery value the same consideration utilized in its overall impairment evaluation process, which incorporates available information and the Company’s best estimate of scenario based outcomes regarding the specific security and issuer. The Company also considers quality and amount of any credit enhancement; the security's position within the capital structure of the issuer; fundamentals of the industry and geographic area in which the security issuer operates; and the overall macroeconomic conditions. For structured securities, such as non-agency RMBS, CMBS, and ABS, the Company evaluates other-than-temporary impairments based on actual and projected cash flows, after considering the quality and updated loan-to-value ratios, reflecting current home prices of the underlying collateral, forecasted loss severity, the payment priority in the tranche and any credit enhancement within the structure. In assessing credit impairment, the Company performs discounted cash flow analysis comparing the current amortized cost of a security to the present value of the expected future cash flows, including estimated defaults, and prepayments. The discount rate is generally the effective interest rate of the fixed maturity prior to the impairment. See the Business, Basis of Presentation and Significant Accounting Policies Note to our Consolidated Financial Statements for the policy used to evaluate whether the investments are other-than-temporarily impaired. Gross unrealized capital losses on fixed maturities, including securities pledged, decreased $756 from $847 to $91 for the year ended December 31, 2019 . The decrease in gross unrealized capital losses was primarily due to declining interest rates and tightening credit spreads. As of December 31, 2019 , $12 of the total $91 of gross unrealized losses were from 8 available-for-sale fixed maturity securities with an unrealized loss position of 20% or more of amortized cost for 12 months or greater. Evaluating Securities for Other-Than-Temporary Impairments The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired. The following table identifies the Company's impairments included in the Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated: Year Ended December 31, 2019 2018 2017 Impairment No. of Securities Impairment No. of Securities Impairment No. of Securities State, municipalities and political subdivisions $ — * 8 $ — — $ — * 2 U.S. corporate public securities 18 38 6 2 1 3 U.S. corporate private securities 1 18 — — — — Foreign corporate public securities and foreign governments (1) 5 22 2 3 2 3 Foreign corporate private securities (1) 26 12 15 1 15 2 Residential mortgage-backed 5 89 5 61 1 40 Other 5 128 — * 2 1 3 Total $ 60 315 $ 28 69 $ 20 53 Credit Impairments $ 28 $ 19 $ 18 Intent Impairments $ 32 $ 9 $ 2 (1) Primarily U.S. dollar denominated. * Less than $1 The Company may sell securities during the period in which fair value has declined below amortized cost for fixed maturities. In certain situations, new factors, including changes in the business environment, can change the Company’s previous intent to continue holding a security. Accordingly, these factors may lead the Company to record additional intent related capital losses. The following table presents the amount of credit impairments on fixed maturities for which a portion of the OTTI loss was recognized in Other comprehensive income (loss) and the corresponding changes in such amounts for the periods indicated: Year Ended December 31, 2019 2018 2017 Balance at January 1 $ 11 $ 21 $ 21 Additional credit impairments: On securities not previously impaired — — 8 Reductions: Securities sold, matured, prepaid or paid down 3 10 8 Balance at December 31 $ 8 $ 11 $ 21 Troubled Debt Restructuring The Company invests in high quality, well performing portfolios of commercial mortgage loans and private placements. Under certain circumstances, modifications are granted to these contracts. Each modification is evaluated as to whether a troubled debt restructuring has occurred. A modification is a troubled debt restructuring when the borrower is in financial difficulty and the creditor makes concessions. Generally, the types of concessions may include reducing the face amount or maturity amount of the debt as originally stated, reducing the contractual interest rate, extending the maturity date at an interest rate lower than current market interest rates and/or reducing accrued interest. The Company considers the amount, timing and extent of the concession granted in determining any impairment or changes in the specific valuation allowance recorded in connection with the troubled debt restructuring. A valuation allowance may have been recorded prior to the quarter when the loan is modified in a troubled debt restructuring. Accordingly, the carrying value (net of the specific valuation allowance) before and after modification through a troubled debt restructuring may not change significantly, or may increase if the expected recovery is higher than the pre-modification recovery assessment. For the year ended December 31, 2019 , the Company had one new commercial mortgage loan troubled debt restructuring with a pre-modification carrying value of $3 and post-modification carrying value of $2 . For the year ended December 31, 2019 , the Company had one new private placement troubled debt restructuring with a pre-modification cost basis of $107 and post-modification carrying value of $54 . For the year ended December 31, 2018 , the Company did no t have any new commercial mortgage loan or private placement troubled debt restructuring. As of December 31, 2019 and 2018 , the Company did no t have any private placements modified in a troubled debt restructuring with a subsequent payment default. As of December 31, 2019 , the Company had one commercial mortgage loan modified in a troubled debt restructuring with a subsequent payment default. As of December 31, 2018 , the Company did no t have any commercial mortgage loans modified in a troubled debt restructuring with a subsequent payment default. Mortgage Loans on Real Estate The Company diversifies its commercial mortgage loan portfolio by geographic region and property type to reduce concentration risk. The Company manages risk when originating commercial mortgage loans by generally lending only up to 75% of the estimated fair value of the underlying real estate. Subsequently, the Company continuously evaluates mortgage loans based on relevant current information including a review of loan-specific credit quality, property characteristics and market trends. Loan performance is monitored on a loan specific basis through the review of submitted appraisals, operating statements, rent revenues and annual inspection reports, among other items. This review ensures properties are performing at a consistent and acceptable level to secure the debt. The components to evaluate debt service coverage are received and reviewed at least annually to determine the level of risk. The following table summarizes the Company's investment in mortgage loans as of the dates indicated: December 31, 2019 December 31, 2018 Impaired Non Impaired Total Impaired Non Impaired Total Commercial mortgage loans $ 4 $ 6,875 $ 6,879 $ 4 $ 7,279 $ 7,283 Collective valuation allowance for losses N/A (1 ) (1 ) N/A (2 ) (2 ) Total net commercial mortgage loans $ 4 $ 6,874 $ 6,878 $ 4 $ 7,277 $ 7,281 N/A - Not Applicable There were two impairments of $4 on the mortgage loan portfolio for the year ended December 31, 2019 . There were no impairments on the mortgage loan portfolio for the year ended December 31, 2018 . The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: December 31, 2019 December 31, 2018 Collective valuation allowance for losses, balance at January 1 $ 2 $ 3 Addition to (reduction of) allowance for losses (1 ) (1 ) Collective valuation allowance for losses, end of period $ 1 $ 2 The carrying values and unpaid principal balances of impaired mortgage loans were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Impaired loans without allowances for losses $ 4 $ 4 Less: Allowances for losses on impaired loans — — Impaired loans, net $ 4 $ 4 Unpaid principal balance of impaired loans $ 5 $ 5 For the years ended December 31, 2019 and 2018 , the Company did not have any impaired loans with allowances for losses. Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. As of December 31, 2019 and 2018 , the Company had no loans greater than 60 days in arrears and there were no mortgage loans in the Company's portfolio in process of foreclosure. The Company foreclosed on two loans during the year ended December 31, 2019 with a carrying value of $7 . The following table presents information on the average investment during the period in impaired loans and interest income recognized on impaired and troubled debt restructured loans for the periods indicated: Year Ended December 31, 2019 2018 2017 Impaired loans, average investment during the period (amortized cost) (1) $ 11 $ 4 $ 4 Interest income recognized on impaired loans, on an accrual basis (1) 1 — — Interest income recognized on impaired loans, on a cash basis (1) 1 — — Interest income recognized on troubled debt restructured loans, on an accrual basis — — — (1) Includes amounts for Troubled debt restructured loans. Loan-to-value ("LTV") and debt service coverage ("DSC") ratios are measures commonly used to assess the risk and quality of mortgage loans. The LTV ratio, calculated at time of origination, is expressed as a percentage of the amount of the loan relative to the value of the underlying property. A LTV ratio in excess of 100% indicates the unpaid loan amount exceeds the underlying collateral. The DSC ratio, based upon the most recently received financial statements, is expressed as a percentage of the amount of a property’s net income to its debt service payments. A DSC ratio of less than 1.0 indicates that a property’s operations do not generate sufficient income to cover debt payments. These ratios are utilized as part of the review process described above. The following table presents the LTV and DSC ratios as of the dates indicated: Recorded Investment Debt Service Coverage Ratios > 1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2019 (1) Loan-to-Value Ratios: 0% - 50% $ 650 $ 24 $ 11 $ 2 $ — $ 687 10.0 % >50% - 60% 1,597 53 36 37 — 1,723 25.0 % >60% - 70% 2,669 581 329 131 — 3,710 53.9 % >70% - 80% 384 119 121 79 — 703 10.2 % >80% and above 33 16 — 7 — 56 0.9 % Total $ 5,333 $ 793 $ 497 $ 256 $ — $ 6,879 100.0 % Recorded Investment Debt Service Coverage Ratios > 1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2018 (1) Loan-to-Value Ratios: 0% - 50% $ 553 $ 39 $ 26 $ 2 $ — $ 620 8.5 % >50% - 60% 1,653 57 37 6 — 1,753 24.1 % >60% - 70% 3,106 463 631 53 32 4,285 58.8 % >70% - 80% 324 124 93 23 4 568 7.8 % >80% and above 18 6 10 — 23 57 0.8 % Total $ 5,654 $ 689 $ 797 $ 84 $ 59 $ 7,283 100.0 % (1) Balances do not include collective valuation allowance for losses. Properties collateralizing mortgage loans are geographically dispersed throughout the United States, as well as diversified by property type, as reflected in the following tables as of the dates indicated: December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by U.S. Region: Pacific $ 1,627 23.6 $ 1,699 23.3 % South Atlantic 1,462 21.3 1,519 20.9 % Middle Atlantic 1,326 19.3 1,351 18.6 % West South Central 719 10.5 817 11.2 % Mountain 670 9.7 706 9.7 % East North Central 571 8.3 666 9.1 % New England 117 1.7 109 1.5 % West North Central 283 4.1 338 4.6 % East South Central 104 1.5 78 1.1 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 % December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by Property Type: Retail $ 1,873 27.3 $ 2,067 28.3 % Industrial 1,636 23.8 1,803 24.8 % Apartments 1,797 26.1 1,696 23.3 % Office 999 14.5 1,144 15.7 % Hotel/Motel 188 2.7 162 2.2 % Other 324 4.7 347 4.8 % Mixed Use 62 0.9 64 0.9 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 % Net Investment Income The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities $ 2,241 $ 2,181 $ 2,138 Equity securities 11 12 8 Mortgage loans on real estate 334 335 333 Policy loans 42 47 48 Short-term investments and cash equivalents 12 14 10 Other 222 146 144 Gross investment income 2,862 2,735 2,681 Less: investment expenses 70 66 40 Net investment income $ 2,792 $ 2,669 $ 2,641 As of December 31, 2019 and 2018 , the Company had $1 and $5 , respectively, of investments in fixed maturities that did not produce net investment income. Fixed maturities are moved to a non-accrual status when the investment defaults. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Such interest income is recorded in Net investment income in the Consolidated Statements of Operations. Net Realized Capital Gains (Losses) Net realized capital gains (losses) comprise the difference between the amortized cost of investments and proceeds from sale and redemption, as well as losses incurred due to the credit-related and intent-related other-than-temporary impairment of investments. Realized investment gains and losses are also primarily generated from changes in fair value of embedded derivatives within products and fixed maturities, changes in fair value of fixed maturities recorded at FVO and changes in fair value including accruals on derivative instruments, except for effective cash flow hedges. Net realized capital gains (losses) also include changes in fair value of equity securities. The cost of the investments on disposal is generally determined based on FIFO methodology. Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities, available-for-sale, including securities pledged $ (21 ) $ (88 ) $ (13 ) Fixed maturities, at fair value option 40 (357 ) (238 ) Equity securities (16 ) (9 ) (1 ) Derivatives (164 ) (16 ) (2 ) Embedded derivatives - fixed maturities 3 (6 ) (10 ) Guaranteed benefit derivatives (6 ) 92 65 Other investments (2 ) 29 (10 ) Net realized capital gains (losses) $ (166 ) $ (355 ) $ (209 ) For the years ended December 31, 2019 and 2018 , the change in the fair value of equity securities still held as of December 31, 2019 and 2018 was $(16) and $(8) , respectively. Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax, were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Proceeds on sales $ 4,105 $ 4,162 $ 4,164 Gross gains 63 29 67 Gross losses 54 82 50

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company enters into the following types of derivatives: Interest rate caps and floors : The Company uses interest rate cap contracts to hedge the interest rate exposure arising from duration mismatches between assets and liabilities. Interest rate caps are also used to hedge interest rate exposure if rates rise above a specified level. The Company uses interest rate floor contracts to hedge interest rate exposure if rates decrease below a specified level. The Company pays an upfront premium to purchase these caps and floors. The Company utilizes these contracts in non-qualifying hedging relationships. Interest rate swaps : Interest rate swaps are used by the Company primarily to reduce market risks from changes in interest rates and to alter interest rate exposure arising from mismatches between assets and/or liabilities. Interest rate swaps are also used to hedge the interest rate risk associated with the value of assets it owns or in an anticipation of acquiring them. Using interest rate swaps, the Company agrees with another party to exchange, at specified intervals, the difference between fixed rate and floating rate interest payments, calculated by reference to an agreed upon notional principal amount. These transactions are entered into pursuant to master agreements that provide for a single net payment to be made to/from the counterparty at each due date. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Foreign exchange swaps : The Company uses foreign exchange or currency swaps to reduce the risk of change in the value, yield or cash flows associated with certain foreign denominated invested assets. Foreign exchange swaps represent contracts that require the exchange of foreign currency cash flows against U.S. dollar cash flows at regular periods, typically quarterly or semi-annually. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Credit default swaps : Credit default swaps are used to reduce credit loss exposure with respect to certain assets that the Company owns or to assume credit exposure on certain assets that the Company does not own. Payments are made to, or received from, the counterparty at specified intervals. In the event of a default on the underlying credit exposure, the Company will either receive a payment (purchased credit protection) or will be required to make a payment (sold credit protection) equal to the par minus recovery value of the swap contract. The Company utilizes these contracts in non-qualifying hedging relationships. Total return swaps : The Company uses total return swaps as a hedge against a decrease in variable annuity account values, which are invested in certain indices. Total return swaps are also used as a hedge of other corporate liabilities. Using total return swaps, the Company agrees with another party to exchange, at specified intervals, the difference between the economic risk and reward of assets or a market index and the LIBOR rate, calculated by reference to an agreed upon notional principal amount. No cash is exchanged at the onset of the contracts. Cash is paid and received over the life of the contract based upon the terms of the swaps. The Company utilizes these contracts in non-qualifying hedging relationships. Currency forwards: The Company utilizes currency forward contracts to hedge currency exposure related to its invested assets. The Company utilizes these contracts in non-qualifying hedging relationships. Forwards : The Company uses forward contracts to hedge certain invested assets against movement in interest rates, particularly mortgage rates. The Company uses To Be Announced mortgage-backed securities as an economic hedge against rate movements. The Company utilizes forward contracts in non-qualifying hedging relationships. Futures: Futures contracts are used to hedge against a decrease in certain equity indices. Such decreases may correlate to a decrease in variable annuity account values which would increase the possibility of the Company incurring an expense for guaranteed benefits in excess of account values. The Company also uses interest rate futures contracts to hedge its exposure to market risks due to changes in interest rates. The Company enters into exchange traded futures with regulated futures commissions that are members of the exchange. The Company also posts initial and variation margins, with the exchange, on a daily basis. The Company utilizes exchange-traded futures in non-qualifying hedging relationships. The Company may also use futures contracts as a hedge against an increase in certain equity indices. Swaptions : A swaption is an option to enter into a swap with a forward starting effective date. The Company uses swaptions to hedge the interest rate exposure associated with the minimum crediting rate and book value guarantees embedded in the retirement products that the Company offers. Increases in interest rates will generate losses on assets that are backing such liabilities. In certain instances, the Company locks in the economic impact of existing purchased swaptions by entering into offsetting written swaptions. The Company pays a premium when it purchases the swaption. The Company utilizes these contracts in non-qualifying hedging relationships. Options: The Company uses equity options to hedge against an increase in various equity indices. Such increases may result in increased payments to the holders of the FIA and IUL contracts. The Company pays an upfront premium to purchase these options. The Company utilizes these options in non-qualifying hedging relationships. Currency Options: The Company uses currency option contracts to hedge currency exposure related to its invested assets. The Company utilizes these contracts in non-qualifying hedging relationships. Managed custody guarantees ("MCGs") : The Company issues certain credited rate guarantees on variable fixed income portfolios that represent stand-alone derivatives. The market value is partially determined by, among other things, levels of or changes in interest rates, prepayment rates and credit ratings/spreads. Embedded derivatives : The Company also invests in certain fixed maturity instruments and has issued certain products that contain embedded derivatives for which market value is at least partially determined by, among other things, levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity rates or credit ratings/spreads. In addition, the Company has entered into coinsurance with funds withheld and modified coinsurance arrangements, which contain embedded derivatives. The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and equity market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement, which provides the Company with the legal right of offset. However, in accordance with the Chicago Mercantile Exchange ("CME") rules related to the variation margin payments, the Company is required to adjust the derivative balances with the variation margin payments related to its cleared derivatives executed through CME. The notional amounts and fair values of derivatives from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 30 $ — $ — $ 42 $ — $ — Foreign exchange contracts 771 12 21 731 13 22 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 25,027 294 371 26,011 179 137 Foreign exchange contracts 92 — 1 21 — — Equity contracts 400 10 8 329 2 2 Credit contracts 237 — 2 280 — 3 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 19 — N/A 16 — Within products N/A — 60 N/A — 44 Within reinsurance agreements N/A — 100 N/A — (5 ) Total $ 335 $ 563 $ 210 $ 203 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable The notional amounts and fair values of derivatives for businesses held for sale were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 1 $ — $ — $ 1 $ — $ — Foreign exchange contracts 19 1 1 13 1 — Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 2,227 49 56 2,151 39 51 Foreign exchange contracts 18 — — 9 — — Equity contracts 1,753 254 20 1,427 91 2 Credit contracts — — — 1 — — Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 8 — N/A 9 — Within products N/A — 217 N/A — 82 Within reinsurance agreements N/A — 75 N/A — 26 Total $ 312 $ 369 $ 140 $ 161 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable Based on the notional amounts, a substantial portion of the Company's derivative positions was not designated or did not qualify for hedge accounting as part of a hedging relationship as of December 31, 2019 and 2018 . The Company utilizes derivative contracts mainly to hedge exposure to variability in cash flows, interest rate risk, credit risk, foreign exchange risk and equity market risk. The majority of derivatives used by the Company are designated as product hedges, which hedge the exposure arising from insurance liabilities or guarantees embedded in the contracts the Company offers through various product lines. These derivatives do not qualify for hedge accounting as they do not meet the criteria of being "highly effective" as outlined in ASC Topic 815, but do provide an economic hedge, which is in line with the Company's risk management objectives. The Company also uses derivatives contracts to hedge its exposure to various risks associated with the investment portfolio. The Company does not seek hedge accounting treatment for certain of these derivatives as they generally do not qualify for hedge accounting due to the criteria required under the portfolio hedging rules outlined in ASC Topic 815. The Company also uses credit default swaps coupled with other investments in order to produce the investment characteristics of otherwise permissible investments that do not qualify as effective accounting hedges under ASC Topic 815. Although the Company has not elected to net its derivative exposures, the notional amounts and fair values of Over-The-Counter ("OTC") and cleared derivatives excluding exchange traded contracts for continuing operations and businesses held for sale are presented in the tables below as of the dates indicated: December 31, 2019 Continuing operations: (1) Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 237 $ — $ 2 Equity contracts 293 9 7 Foreign exchange contracts 863 12 22 Interest rate contracts 23,634 295 371 316 402 Counterparty netting (2) (290 ) (290 ) Cash collateral netting (2) (25 ) (100 ) Securities collateral netting (2) — (5 ) Net receivables/payables $ 1 $ 7 (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, (2) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2019 Businesses held for sale: Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ — $ — $ — Equity contracts 1,753 254 20 Foreign exchange contracts 37 1 1 Interest rate contracts 2,228 49 56 304 77 Counterparty netting (1) (76 ) (76 ) Cash collateral netting (1) (206 ) — Securities collateral netting (1) (17 ) — Net receivables/payables $ 5 $ 1 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2018 Continuing operations: (1) Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 280 $ — $ 3 Equity contracts 189 3 1 Foreign exchange contracts 752 13 22 Interest rate contracts 23,518 179 137 195 163 Counterparty netting (2) (141 ) (141 ) Cash collateral netting (2) (49 ) (8 ) Securities collateral netting (2) — (13 ) Net receivables/payables $ 5 $ 1 (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, (2) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2018 Businesses held for sale: Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 1 $ — $ — Equity contracts 1,427 91 2 Foreign exchange contracts 22 1 — Interest rate contracts 2,134 39 51 131 53 Counterparty netting (1) (50 ) (50 ) Cash collateral netting (1) (62 ) — Securities collateral netting (1) (11 ) (3 ) Net receivables/payables $ 8 $ — (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. Collateral Under the terms of the OTC Derivative International Swaps and Derivatives Association, Inc. ("ISDA") agreements, the Company may receive from, or deliver to, counterparties collateral to assure that terms of the ISDA agreements will be met with regard to the Credit Support Annex ("CSA"). The terms of the CSA call for the Company to pay interest on any cash received equal to the Federal Funds rate. To the extent cash collateral is received and delivered, it is included in Payables under securities loan and repurchase agreements, including collateral held and Short-term investments under securities loan agreements, including collateral delivered, respectively, on the Consolidated Balance Sheets and is reinvested in short-term investments. Collateral held is used in accordance with the CSA to satisfy any obligations. Investment grade bonds owned by the Company are the source of noncash collateral posted, which is reported in Securities pledged on the Consolidated Balance Sheets. Continuing operations: As of December 31, 2019 , the Company held $9 and pledged $82 of net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. As of December 31, 2018 , the Company held $27 and $16 of net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. In addition, as of December 31, 2019 , the Company delivered $183 of securities and held no securities as collateral. As of December 31, 2018 , the Company delivered $180 of securities and held no securities as collateral. Businesses held for sale: As of December 31, 2019 , the Company held $213 and no net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. As of December 31, 2018 , the Company held $64 and no net cash collateral related to OTC derivative contracts and cleared derivative contracts, respectively. In addition, as of December 31, 2019 , the Company delivered $2 of securities and held $18 of securities as collateral. As of December 31, 2018 , the Company delivered $6 of securities and held $11 of securities as collateral. The location and effect of derivatives qualifying for hedge accounting from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, on the Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are as follows for the period indicated: Interest Rate Contracts Foreign Exchange Contracts Derivatives: Qualifying for hedge accounting Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Net investment income Net investment income Year Ended December 31, 2019 Amount of Gain or (Loss) Recognized in Other Comprehensive Income $ 1 $ — Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 11 The location and amount of gain (loss) recognized from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, in the Consolidated Statements of Operations for derivatives qualifying for hedge accounting are as follows for the period indicated: Year Ended December 31, 2019 Net Investment Income Other net realized capital gains/(losses) Total amounts of line items presented in the statement of operations in which the effects of cash flow hedges are recorded $ 2,792 $ (102 ) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 11 — The location and effect of derivatives not designated as hedging instruments from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2019 2018 2017 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ (136 ) $ (38 ) $ 1 Foreign exchange contracts Other net realized capital gains (losses) 2 4 (7 ) Equity contracts Other net realized capital gains (losses) (32 ) 10 (31 ) Credit contracts Other net realized capital gains (losses) 2 (2 ) 13 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) 3 (6 ) (10 ) Within products Other net realized capital gains (losses) (6 ) 92 65 Within reinsurance agreements Policyholder benefits (111 ) 81 (52 ) Total $ (278 ) $ 141 $ (21 ) The location and effect of derivatives not designated as hedging instruments from discontinued operations on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2019 2018 2017 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Income (loss) from discontinued operations, net of tax $ — $ 4 $ 1 Foreign exchange contracts Income (loss) from discontinued operations, net of tax — — (1 ) Equity contracts Income (loss) from discontinued operations, net of tax 139 (75 ) 93 Credit contracts Income (loss) from discontinued operations, net of tax 1 (1 ) 4 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Income (loss) from discontinued operations, net of tax (1 ) (6 ) (8 ) Within products Income (loss) from discontinued operations, net of tax (134 ) 69 (87 ) Within reinsurance agreements Income (loss) from discontinued operations, net of tax (49 ) 35 (5 ) Total $ (44 ) $ 26 $ (3 )

Fair Value Measurements (exclu

Fair Value Measurements (excluding Consolidated Investment Entities)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements (excluding Consolidated Investment Entities)	Fair Value Measurements (excluding Consolidated Investment Entities) Fair Value Measurement The following table presents the Company's hierarchy for its assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, measured at fair value on a recurring basis as of December 31, 2019 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 1,083 $ 299 $ — $ 1,382 U.S. Government agencies and authorities — 95 — 95 State, municipalities and political subdivisions — 1,323 — 1,323 U.S. corporate public securities — 14,864 74 14,938 U.S. corporate private securities — 4,578 1,457 6,035 Foreign corporate public securities and foreign governments (1) — 4,341 — 4,341 Foreign corporate private securities (1) — 4,503 328 4,831 Residential mortgage-backed securities — 5,181 23 5,204 Commercial mortgage-backed securities — 3,574 — 3,574 Other asset-backed securities — 1,977 78 2,055 Total fixed maturities, including securities pledged 1,083 40,735 1,960 43,778 Equity securities 68 — 128 196 Derivatives: Interest rate contracts 2 243 49 294 Foreign exchange contracts — 12 — 12 Equity contracts — 10 — 10 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 2,613 31 — 2,644 Assets held in separate accounts 75,405 6,149 116 81,670 Total assets $ 79,171 $ 47,180 $ 2,253 $ 128,604 Percentage of Level to total 61 % 37 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives (2) — — 60 60 Other derivatives: Interest rate contracts — 322 49 371 Foreign exchange contracts — 22 — 22 Equity contracts — 8 — 8 Credit contracts — 2 — 2 Embedded derivative on reinsurance — 100 — 100 Total liabilities $ — $ 454 $ 109 $ 563 (1) Primarily U.S. dollar denominated. (2) Includes GMWBL, GMWB,FIA, Stabilizer and MCGs. The following table presents the Company's hierarchy for its assets and liabilities related to businesses held for sale measured at fair value on a recurring basis as of December 31, 2019 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 472 $ 314 $ — $ 786 U.S. Government agencies and authorities — 161 — 161 State, municipalities and political subdivisions — 439 — 439 U.S. corporate public securities — 5,949 32 5,981 U.S. corporate private securities — 596 316 912 Foreign corporate public securities and foreign governments (1) — 1,490 7 1,497 Foreign corporate private securities (1) — 438 80 518 Residential mortgage-backed securities — 588 — 588 Commercial mortgage-backed securities — 995 — 995 Other asset-backed securities — 587 6 593 Total fixed maturities, including securities pledged 472 11,557 441 12,470 Equity securities 2 — 33 35 Derivatives: Interest rate contracts — — 49 49 Foreign exchange contracts — 1 — 1 Equity contracts — 52 202 254 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 533 — — 533 Assets held in separate accounts 1,485 — — 1,485 Total assets $ 2,492 $ 11,610 $ 725 $ 14,827 Percentage of Level to total 17 % 78 % 5 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives - IUL $ — $ — $ 217 $ 217 Other derivatives: Interest rate contracts — 7 49 56 Foreign exchange contracts — 1 — 1 Equity contracts — 20 — 20 Embedded derivative on reinsurance — 75 — 75 Total liabilities $ — $ 103 $ 266 $ 369 (1) Primarily U.S. dollar denominated. The following table presents the Company's hierarchy for its assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, measured at fair value on a recurring basis as of December 31, 2018 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 1,236 $ 187 $ — $ 1,423 U.S. Government agencies and authorities — 74 — 74 State, municipalities and political subdivisions — 1,250 — 1,250 U.S. corporate public securities — 14,842 34 14,876 U.S. corporate private securities — 4,357 1,134 5,491 Foreign corporate public securities and foreign governments (1) — 4,135 — 4,135 Foreign corporate private securities (1) — 4,423 217 4,640 Residential mortgage-backed securities — 4,254 28 4,282 Commercial mortgage-backed securities — 2,749 14 2,763 Other asset-backed securities — 1,531 127 1,658 Total fixed maturities, including securities pledged 1,236 37,802 1,554 40,592 Equity securities 144 — 103 247 Derivatives: Interest rate contracts — 140 39 179 Foreign exchange contracts — 13 — 13 Equity contracts — 2 — 2 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 2,628 28 — 2,656 Assets held in separate accounts 64,064 5,805 62 69,931 Total assets $ 68,072 $ 43,790 $ 1,758 $ 113,620 Percentage of Level to total 60 % 38 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives (2) $ — $ — $ 44 $ 44 Other derivatives: Interest rate contracts 1 97 39 137 Foreign exchange contracts — 22 — 22 Equity contracts 1 1 — 2 Credit contracts — 3 — 3 Embedded derivative on reinsurance — (5 ) — (5 ) Total liabilities $ 2 $ 118 $ 83 $ 203 (1) Primarily U.S. dollar denominated. (2) Includes GMWBL, GMWB, FIA. Stabilizer and MCGs. The following table presents the Company's hierarchy for its assets and liabilities related to businesses held for sale measured at fair value on a recurring basis as of December 31, 2018 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 518 $ 355 $ — $ 873 U.S. Government agencies and authorities — 167 — 167 State, municipalities and political subdivisions — 408 — 408 U.S. corporate public securities — 4,962 10 4,972 U.S. corporate private securities — 482 259 741 Foreign corporate public securities and foreign governments (1) — 1,310 11 1,321 Foreign corporate private securities (1) — 421 34 455 Residential mortgage-backed securities — 521 — 521 Commercial mortgage-backed securities — 653 — 653 Other asset-backed securities — 407 11 418 Total fixed maturities, including securities pledged 518 9,686 325 10,529 Equity securities — — 25 25 Derivatives: Interest rate contracts — — 39 39 Foreign exchange contracts — 1 — 1 Equity contracts — 8 83 91 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 734 — — 734 Assets held in separate accounts 1,297 — — 1,297 Total assets $ 2,549 $ 9,695 $ 472 $ 12,716 Percentage of Level to total 20 % 76 % 4 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives - IUL $ — $ — $ 82 $ 82 Other derivatives: Interest rate contracts — 12 39 51 Foreign exchange contracts — — — — Equity contracts — 2 — 2 Embedded derivative on reinsurance — 26 — 26 Total liabilities $ — $ 40 $ 121 $ 161 (1) Primarily U.S. dollar denominated. Valuation of Financial Assets and Liabilities at Fair Value Certain assets and liabilities are measured at estimated fair value on the Company's Consolidated Balance Sheets. The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The exit price and the transaction (or entry) price will be the same at initial recognition in many circumstances. However, in certain cases, the transaction price may not represent fair value. The fair value of a liability is based on the amount that would be paid to transfer a liability to a third party with an equal credit standing. Fair value is required to be a market-based measurement that is determined based on a hypothetical transaction at the measurement date, from a market participant's perspective. The Company considers three broad valuation approaches when a quoted price is unavailable: (i) the market approach, (ii) the income approach and (iii) the cost approach. The Company determines the most appropriate valuation technique to use, given the instrument being measured and the availability of sufficient inputs. The Company prioritizes the inputs to fair valuation approaches and allows for the use of unobservable inputs to the extent that observable inputs are not available. The Company utilizes a number of valuation methodologies to determine the fair values of its financial assets and liabilities in conformity with the concepts of exit price and the fair value hierarchy as prescribed in ASC Topic 820. Valuations are obtained from third-party commercial pricing services, brokers and industry-standard, vendor-provided software that models the value based on market observable inputs. The valuations obtained from third-party commercial pricing services are non-binding. The Company reviews the assumptions and inputs used by third-party commercial pricing services for each reporting period in order to determine an appropriate fair value hierarchy level. The documentation and analysis obtained from third-party commercial pricing services are reviewed by the Company, including in-depth validation procedures confirming the observability of inputs. The valuations are reviewed and validated monthly through the internal valuation committee price variance review, comparisons to internal pricing models, back testing to recent trades or monitoring of trading volumes. The valuation approaches and key inputs for each category of assets or liabilities that are classified within Level 2 and Level 3 of the fair value hierarchy are presented below. For fixed maturities classified as Level 2 assets, fair values are determined using a matrix-based market approach, based on prices obtained from third-party commercial pricing services and the Company’s matrix and analytics-based pricing models, which in each case incorporate a variety of market observable information as valuation inputs. The market observable inputs used for these fair value measurements, by fixed maturity asset class, are as follows: U.S. Treasuries: Fair value is determined using third-party commercial pricing services, with the primary inputs being stripped interest and principal U.S. Treasury yield curves that represent a U.S. Treasury zero-coupon curve. U.S. government agencies and authorities, State, municipalities and political subdivisions: Fair value is determined using third-party commercial pricing services, with the primary inputs being U.S. Treasury yield curves, trades of comparable securities, credit spreads off benchmark yields and issuer ratings. U.S. corporate public securities, Foreign corporate public securities and foreign governments: Fair value is determined using third-party commercial pricing services, with the primary inputs being benchmark yields, trades of comparable securities, issuer ratings, bids and credit spreads off benchmark yields. U.S. corporate private securities and Foreign corporate private securities: Fair values are determined using a matrix and analytics-based pricing model. The model incorporates the current level of risk-free interest rates, current corporate credit spreads, credit quality of the issuer and cash flow characteristics of the security. The model also considers a liquidity spread, the value of any collateral, the capital structure of the issuer, the presence of guarantees, and prices and quotes for comparably rated publicly traded securities. RMBS, CMBS and ABS: Fair value is determined using third-party commercial pricing services, with the primary inputs being credit spreads off benchmark yields, prepayment speed assumptions, current and forecasted loss severity, debt service coverage ratios, collateral type, payment priority within tranche and the vintage of the loans underlying the security. Generally, the Company does not obtain more than one vendor price from pricing services per instrument. The Company uses a hierarchy process in which prices are obtained from a primary vendor and, if that vendor is unable to provide the price, the next vendor in the hierarchy is contacted until a price is obtained or it is determined that a price cannot be obtained from a commercial pricing service. When a price cannot be obtained from a commercial pricing service, independent broker quotes are solicited. Securities priced using independent broker quotes are classified as Level 3. Broker quotes and prices obtained from pricing services are reviewed and validated through an internal valuation committee price variance review, comparisons to internal pricing models, back testing to recent trades or monitoring of trading volumes. Fair values of privately placed bonds are determined primarily using a matrix-based pricing model and are generally classified as Level 2 assets. The model considers the current level of risk-free interest rates, current corporate spreads, the credit quality of the issuer and cash flow characteristics of the security. Also considered are factors such as the net worth of the borrower, the value of collateral, the capital structure of the borrower, the presence of guarantees and the Company's evaluation of the borrower's ability to compete in its relevant market. Using this data, the model generates estimated market values, which the Company considers reflective of the fair value of each privately placed bond. Equity securities : Level 2 and Level 3 equity securities, typically private equities or equity securities not traded on an exchange, are valued by other sources such as analytics or brokers. Derivatives : Derivatives are carried at fair value, which is determined using the Company's derivative accounting system in conjunction with observable key financial data from third-party sources, such as yield curves, exchange rates, S&P 500 Index prices, London Interbank Offered Rates ("LIBOR") and Overnight Index Swap ("OIS") rates.The Company uses OIS for valuations of collateralized interest rate derivatives, which are obtained from third-party sources. For those derivatives that are unable to be valued by the accounting system, the Company typically utilizes values established by third-party brokers. Counterparty credit risk is considered and incorporated in the Company's valuation process through counterparty credit rating requirements and monitoring of overall exposure. It is the Company's policy to transact only with investment grade counterparties with a credit rating of A- or better. The Company's nonperformance risk is also considered and incorporated in the Company's valuation process. The Company also has certain credit default swaps and options that are priced by third party vendors or by using models that primarily use market observable inputs, but contain inputs that are not observable to market participants, which have been classified as Level 3. The remaining derivative instruments are valued based on market observable inputs and are classified as Level 2. Guaranteed benefit derivatives : The Company records reserves for annuity contracts containing GMWBL and GMWB riders. The guarantee is an embedded derivative and is required to be accounted for separately from the host variable annuity contract. The fair value of the obligation is calculated based on actuarial and capital market assumptions related to the projected cash flows, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are produced by using stochastic techniques under a variety of market return scenarios and other market implied assumptions. These derivatives are classified as Level 3 liabilities in the fair value hierarchy. The index-crediting feature in the Company's FIA and IUL contracts is an embedded derivative that is required to be accounted for separately from the host contract. The fair value of the obligation is calculated based on actuarial and capital market assumptions related to the projected cash flows, including benefits and related contract charges, over the anticipated life of the related contracts for FIAs and over the current indexed term for IULs. The cash flow estimates are produced by market implied assumptions. These derivatives are classified as Level 3 liabilities in the fair value hierarchy. The Company records reserves for Stabilizer and MCG contracts containing guaranteed credited rates. The guarantee is treated as an embedded derivative or a stand-alone derivative (depending on the underlying product) and is required to be reported at fair value. The estimated fair value is determined based on the present value of projected future claims, minus the present value of future guaranteed premiums. At inception of the contract, the Company projects a guaranteed premium to be equal to the present value of the projected future claims. The income associated with the contracts is projected using relevant actuarial and capital market assumptions, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are produced by using stochastic techniques under a variety of risk neutral scenarios and other market implied assumptions. These derivatives are classified as Level 3 liabilities. The discount rate used to determine the fair value of the Company's GMWBL, GMWB, FIA, IUL and Stabilizer embedded derivative liabilities and the stand-alone derivative for MCG includes an adjustment to reflect the risk that these obligations will not be fulfilled ("nonperformance risk"). The nonperformance risk adjustment incorporates a blend of observable, similarly rated peer holding company credit spreads, adjusted to reflect the credit quality of the individual insurance subsidiary that issued the guarantee, as well as an adjustment to reflect the non-default spreads and the priority and recovery rates of policyholder claims. The Company's valuation actuaries are responsible for the policies and procedures for valuing the embedded derivatives, reflecting the capital markets and actuarial valuation inputs and nonperformance risk in the estimate of the fair value of the embedded derivatives. The actuarial and capital market assumptions for each liability are approved by each product's Chief Risk Officer ("CRO"), including an independent annual review by the CRO. Models used to value the embedded derivatives must comply with the Company's governance policies. Quarterly, an attribution analysis is performed to quantify changes in fair value measurements and a sensitivity analysis is used to analyze the changes. The changes in fair value measurements are also compared to corresponding movements in the hedge target to assess the validity of the attributions. The results of the attribution analysis are reviewed by the valuation actuaries, responsible CFOs, Controllers, CROs and/or others as nominated by management. Embedded derivatives on reinsurance : The carrying value of embedded derivatives is estimated based upon the change in the fair value of the assets supporting the funds withheld payable under reinsurance agreements. The fair value of the embedded derivative is based on market observable inputs and is classified as Level 2. Transfers in and out of Level 1 and 2 There were no securities transferred between Level 1 and Level 2 for the years ended December 31, 2019 and 2018 . The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. Level 3 Financial Instruments The fair values of certain assets and liabilities are determined using prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (i.e., Level 3 as defined by ASC Topic 820), including but not limited to liquidity spreads for investments within markets deemed not currently active. These valuations, whether derived internally or obtained from a third-party, use critical assumptions that are not widely available to estimate market participant expectations in valuing the asset or liability. In addition, the Company has determined, for certain financial instruments, an active market is such a significant input to determine fair value that the presence of an inactive market may lead to classification in Level 3. In light of the methodologies employed to obtain the fair values of financial assets and liabilities classified as Level 3, additional information is presented below. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, and transfers in and out of Level 3 for the period indicated : Year Ended December 31, 2019 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 34 $ (1 ) $ 5 $ 5 $ — $ — $ (7 ) $ 38 $ — $ 74 $ (1 ) U.S. corporate private securities 1,134 — 90 342 — (23 ) (86 ) 11 (11 ) 1,457 — Foreign corporate private securities (1) 217 (24 ) 46 169 — (80 ) — — — 328 2 Residential mortgage-backed securities 28 (11 ) 1 13 — (6 ) — — (2 ) 23 (7 ) Commercial mortgage-backed securities 14 — — — — — — — (14 ) — — Other asset-backed securities 127 — 1 8 — — (3 ) — (55 ) 78 — Total fixed maturities including securities pledged 1,554 (36 ) 143 537 — (109 ) (96 ) 49 (82 ) 1,960 (6 ) Equity securities 103 (17 ) — 42 — — — — — 128 (17 ) Derivatives: Guaranteed benefit derivatives (2)(6) (44 ) (6 ) — — (9 ) — (1 ) — — (60 ) — Assets held in separate accounts (5) 62 4 — 78 — (1 ) — 3 (30 ) 116 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. These amounts are included in Other net realized gains (losses) in the Consolidated Statements of Operations. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. (6) Includes GMWBL, GMWB, FIA, Stabilizer and MCGs. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities related to businesses held for sale and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2019 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 10 $ — $ 2 $ — $ — $ — $ (1 ) $ 22 $ (1 ) $ 32 $ — U.S. corporate private securities 259 — 23 50 — (2 ) (15 ) 1 — 316 — Foreign corporate public securities and foreign governments (1) 11 — (4 ) — — — — — — 7 — Foreign corporate private securities (1) 34 (4 ) 11 52 — (13 ) — — — 80 — Residential mortgage-backed securities — — — — — — — — — — — Commercial mortgage-backed securities — — — — — — — — — — — Other asset-backed securities 11 — — — — — — — (5 ) 6 — Total fixed maturities including securities pledged 325 (4 ) 32 102 — (15 ) (16 ) 23 (6 ) 441 — Equity securities 25 1 — 7 — — — — — 33 1 Derivatives: Guaranteed benefit derivatives - IUL (2) (82 ) (134 ) — — (56 ) — 55 — — (217 ) — Other derivatives, net 83 111 — 45 — — (37 ) — — 202 119 (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2018 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 48 $ — $ (1 ) $ 26 $ — $ (13 ) $ — $ — $ (26 ) $ 34 $ — U.S. corporate private securities 942 5 (48 ) 319 — (20 ) (84 ) 31 (11 ) 1,134 — Foreign corporate private securities (1) 162 (6 ) 6 134 — (57 ) (22 ) — — 217 (13 ) Residential mortgage-backed securities 31 (9 ) — 15 — — — — (9 ) 28 (9 ) Commercial mortgage-backed securities 7 — — 14 — — — — (7 ) 14 — Other asset-backed securities 64 — (3 ) 67 — — (5 ) 29 (25 ) 127 — Total fixed maturities including securities pledged 1,254 (10 ) (46 ) 575 — (90 ) (111 ) 60 (78 ) 1,554 (22 ) Equity securities 87 (7 ) — 25 — (2 ) — — — 103 (8 ) Derivatives: Guaranteed benefit derivatives (2)(6) (147 ) 92 — — (5 ) — 16 — — (44 ) — Other derivatives, net 5 — — — — — (5 ) — — — (5 ) Assets held in separate accounts (5) 11 1 — 67 — (6 ) — — (11 ) 62 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. These amounts are included in Other net realized gains (losses) in the Consolidated Statements of Operations. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. (6) Includes GMWBL, GMWB, FIA, Stabilizer, and MCGs. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities related to businesses held for sale and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2018 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 9 $ — $ (1 ) $ 5 $ — $ (3 ) $ — $ — $ — $ 10 $ — U.S. corporate private securities 185 2 (11 ) 85 — — (9 ) 8 (1 ) 259 — Foreign corporate public securities and foreign governments (1) 11 — — — — — — — — 11 — Foreign corporate private securities (1) 7 — 2 39 — (13 ) (1 ) — — 34 — Residential mortgage-backed securities 11 — — — — (11 ) — — — — — Commercial mortgage-backed securities 10 — — — — — — — (10 ) — — Other asset-backed securities 27 — (1 ) — — — — 6 (21 ) 11 — Total fixed maturities including securities pledged 260 2 (11 ) 129 — (27 ) (10 ) 14 (32 ) 325 — Equity securities 14 (1 ) — 12 — — — — — 25 (1 ) Derivatives: Guaranteed benefit derivatives - IUL (2) (159 ) 69 — — (53 ) — 61 — — (82 ) — Other derivatives, net 153 (65 ) — 42 — — (47 ) — — 83 (70 ) (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. For the years ended December 31, 2019 and 2018 , the transfers in and out of Level 3 for fixed maturities were due to the variation in inputs relied upon for valuation each quarter. Securities that are primarily valued using independent broker quotes when prices are not available from one of the commercial pricing services are reflected as transfers into Level 3. When securities are valued using more widely available information, the securities are transferred out of Level 3 and into Level 1 or 2, as appropriate. Significant Unobservable Inputs The Company's Level 3 fair value measurements of its fixed maturities, equity securities and equity and credit derivative contracts are primarily based on broker quotes for which the quantitative detail of the unobservable inputs is neither provided nor reasonably corroborated, thus negating the ability to perform a sensitivity analysis. The Company performs a review of broker quotes by performing a monthly price variance comparison and back tests broker quotes to recent trade prices. Quantitative information about the significant unobservable inputs used in the Company's Level 3 fair value measurements of its guaranteed benefit derivatives is presented in the following sections and table. Significant unobservable inputs used in the fair value measurements of IULs include nonperformance risk and policyholder behavior assumptions, such as lapses. Following is a description of selected inputs: Nonperformance Risk : For the estimate of the fair value of embedded derivatives associated with the Company's product guarantees, the Company uses a blend of observable, similarly rated peer holding company credit spreads, adjusted to reflect the credit quality of the individual insurance company subsidiary that issued the guarantee as well as an adjustment to reflect the non-default spreads and the priority and recovery rates of policyholder claims. Actuarial Assumptions : Management regularly reviews actuarial assumptions, which are based on the Company's experience and periodically reviewed against industry standards. Industry standards and Company experience may be limited on certain products. The following table presents the unobservable inputs for IUL for businesses held for sale as of the dates indicated: Range (1) Unobservable Input December 31, 2019 December 31, 2018 Nonperformance risk 0.22% to 0.42% 0.38% to 0.84% Actuarial Assumptions: Lapses 2% to 10% 2% to 10% Mortality — (2) — (2) (1) Represents the range of reasonable assumptions that management has used in its fair value calculations. (2) The mortality rate is derived based on similarly underwritten business. Generally, the following will cause an increase (decrease

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs and Value of Business Acquired	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs and Value of Business Acquired The following table presents a rollforward of DAC and VOBA for the periods indicated: DAC VOBA Total Balance at January 1, 2017 $ 2,077 $ 811 $ 2,888 Deferrals of commissions and expenses 126 8 134 Amortization: Amortization, excluding unlocking (235 ) (152 ) (387 ) Unlocking (1) (71 ) (89 ) (160 ) Interest accrued 129 65 (2) 194 Net amortization included in Consolidated Statements of Operations (177 ) (176 ) (353 ) Change in unrealized capital gains/losses on available-for-sale securities (91 ) (87 ) (178 ) Balance at December 31, 2017 1,935 556 2,491 Deferrals of commissions and expenses 97 9 106 Amortization: Amortization, excluding unlocking (241 ) (103 ) (344 ) Unlocking (1) (62 ) (10 ) (72 ) Interest accrued 125 58 (2) 183 Net amortization included in Consolidated Statements of Operations (178 ) (55 ) (233 ) Change in unrealized capital gains/losses on available-for-sale securities 301 308 609 Balance as of December 31, 2018 2,155 818 2,973 Deferrals of commissions and expenses 102 8 110 Amortization: Amortization, excluding unlocking (303 ) (134 ) (437 ) Unlocking (1) 12 48 60 Interest accrued 122 56 (2) 178 Net amortization included in Consolidated Statements of Operations (169 ) (30 ) (199 ) Change in unrealized capital gains/losses on available-for-sale securities (326 ) (332 ) (658 ) Balance as of December 31, 2019 $ 1,762 $ 464 $ 2,226 (1) There was no loss recognition for DAC and VOBA during 2019 , 2018 and 2017 . Unlocking for 2018 and 2017 includes unfavorable amounts associated with an update to assumptions related to customer consents of changes to guaranteed minimum interest rate provisions. The 2018 amounts were $25 and $26 for DAC and VOBA, respectively and the 2017 amounts were $80 and $140 for DAC and VOBA, respectively. (2) Interest accrued at the following rates for VOBA: 3.5% to 7.4% during 2019 and 2018 , and 4.0% to 7.4% during 2017 . The estimated amount of VOBA amortization expense, net of interest, during the next five years is presented in the following table. Actual amortization incurred during these years may vary as assumptions are modified to incorporate actual results and/or changes in best estimates of future results. Year Amount 2020 $ 50 2021 48 2022 45 2023 44 2024 43

Reserves for Future Policy Bene

Reserves for Future Policy Benefits and Contract Owner Account Balances	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Reserves for Future Policy Benefits and Contract Owner Account Balances	Reserves for Future Policy Benefits and Contract Owner Account Balances Future policy benefits and contract owner account balances were as follows as of December 31, 2019 and 2018 : 2019 2018 Future policy benefits: Individual and group life insurance contracts $ 2,982 $ 3,341 Product guarantees on universal life and deferred annuity contracts, and payout contracts with life contingencies 6,141 5,435 Accident and health 822 811 Total $ 9,945 $ 9,587 Contract owner account balances: Universal life-type contracts $ 5,300 $ 5,563 Fixed annuities and payout contracts without life contingencies 34,746 34,962 Funding agreements and other 877 658 Total $ 40,923 $ 41,183

Guaranteed Benefit Features

Guaranteed Benefit Features	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Guaranteed Benefit Features	Guaranteed Benefit Features The Company issued UL and VUL contracts where the Company contractually guaranteed to the contract owner a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse ("no lapse guarantee"), and other provisions that would produce expected gains from the insurance benefit function followed by losses from that function in later years. In addition, the Company’s Stabilizer and MCG products have guaranteed credited rates. Credited rates are set either quarterly or annually. Most contracts have a zero percent minimum credited rate guarantee, although some contracts have minimum credited rate guarantees up to 3% and allow the contract holder to select either the market value of the account or the book value of the account at termination. The book value of the account is equal to deposits plus interest, less any withdrawals. The fair value is estimated using the income approach. We have a small number of variable annuity policies that contain living benefit riders such as GMWB/GMWBL and GMIB and death benefit riders such as GMDB . These products include separate account options and guarantee the contract owner a return or withdrawal amount payable in conjunction with a specified event (ex. death, annuitization). The Company’s major source of income from guaranteed benefit features is the base contract mortality, expense and guaranteed death and living benefit rider fees charged to the contract owner, less the costs of administering the product and providing for the guaranteed death and living benefits. The liabilities for UL contracts are recorded in the general account. The liabilities for VUL contracts are recorded in separate account liabilities. The separate account liabilities may include more than one type of guarantee. These liabilities are subject to the requirements for additional reserve liabilities under ASC Topic 944, which are recorded on the Consolidated Balance Sheets in Future policy benefits and Contract owner account balances. The paid and incurred amounts were as follows for the years ended December 31, 2019 , 2018 and 2017 : Continuing Operations (6) Business Held for Sale UL and VUL (1) Stabilizer and MCGs (3) Other (4) UL and VUL (2) Other (5) Separate account liability at December 31, 2019 $ 295 $ 39,235 $ 1,486 $ 203 $ 10 Separate account liability at December 31, 2018 $ 261 $ 37,155 $ 1,854 $ 174 $ 8 Additional liability balance: Balance at January 1, 2017 $ 467 $ 150 73 848 3,365 Incurred guaranteed benefits (34 ) (53 ) (28 ) 135 (998 ) Paid guaranteed benefits (121 ) — (1 ) (114 ) (190 ) Balance at December 31, 2017 312 97 44 869 2,177 Incurred guaranteed benefits 193 (92 ) 2 259 — Paid guaranteed benefits (157 ) — (2 ) (137 ) — Adjustment for the close of The 2018 Transaction — — — — (2,177 ) Balance at December 31, 2018 348 5 44 991 — Incurred guaranteed benefits 209 17 (9 ) 177 — Paid guaranteed benefits (163 ) — — (155 ) — Balance at December 31, 2019 $ 394 $ 22 $ 35 $ 1,013 $ — (1) The additional liability balances as of December 31, 2019 , 2018 , 2017 and as of January 1, 2017 are presented net of reinsurance of $1,005 , $899 , $906 and 671 , respectively. (2) The additional liability balances as of December 31, 2019 , 2018 , 2017 and as of January 1, 2017 are presented net of reinsurance of 569 , 552 , 603 and 521 , respectively. (3) The Separate account liability at December 31, 2019 and 2018 includes $31.9 billion and $29.0 billion , respectively, of externally managed assets, which are not reported on the Company's Consolidated Balance Sheets. (4) Includes GMDB/GMWBL/GMIB. (5) Separate Account liability relates to the Individual Life Transaction. Additional liability balance relates to the 2018 Transaction. (6) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction. The net amount at risk for the secondary guarantees is equal to the current death benefit in excess of the account values. The general and separate account values, net amount at risk, net of reinsurance and the weighted average attained age of contract owners by type of minimum guaranteed benefit for UL and VUL contracts were as follows as of December 31, 2019 and 2018 : December 31, 2019 December 31, 2018 Continuing Operations: (1) Secondary Guarantees Paid-up Guarantees Secondary Guarantees Paid-up Guarantees UL and VUL Contracts: Account value (general and separate account) $ 1,397 $ — $ 1,432 $ — Net amount at risk, net of reinsurance 3,978 — 4,144 — Weighted average attained age 72 — 72 — (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction. December 31, 2019 December 31, 2018 Business held for sale: Secondary Guarantees Paid-up Guarantees Secondary Guarantees Paid-up Guarantees UL and VUL Contracts: Account value (general and separate account) $ 1,697 $ — $ 1,701 $ — Net amount at risk, net of reinsurance 11,018 — 11,317 — Weighted average attained age 63 — 63 — Account balances of contracts with guarantees invested in variable separate accounts were as follows as of December 31, 2019 and 2018 : Continuing Operations (1) Business Held for Sale December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Equity securities (including mutual funds): Equity funds $ 1,904 $ 1,723 $ 150 $ 127 Bond funds 184 185 18 16 Balanced funds 329 302 37 31 Money market funds 46 49 5 4 Other 10 9 3 3 Total $ 2,473 $ 2,268 $ 213 $ 181 (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction. In addition, the aggregate fair value of fixed income securities supporting separate accounts with Stabilizer benefits as of December 31, 2019 and 2018 was $7.4 billion and $8.0 billion , respectively.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Reinsurance	Reinsurance The Company reinsures its business through a diversified group of reinsurers. However, the Company remains liable to the extent its reinsurers do not meet their obligations under the reinsurance agreements. The Company monitors trends in arbitration and any litigation outcomes with its reinsurers. Collectability of reinsurance balances are evaluated by monitoring ratings and evaluating the financial strength of its reinsurers. Large reinsurance recoverable balances with offshore or other non-accredited reinsurers are secured through various forms of collateral, including secured trusts, funds withheld accounts and irrevocable letters of credit ("LOC"). Information regarding the effect of reinsurance on the Consolidated Balance Sheets is as follows as of the periods indicated: December 31, 2019 Direct Assumed Ceded Total, Net of Reinsurance Assets Premiums receivable $ 125 $ 12 $ (87 ) $ 50 Reinsurance recoverable — — 3,682 3,682 Total $ 125 $ 12 $ 3,595 $ 3,732 Liabilities Future policy benefits and contract owner account balances $ 49,757 $ 1,111 $ (3,682 ) $ 47,186 Liability for funds withheld under reinsurance agreements 88 — — 88 Total $ 49,845 $ 1,111 $ (3,682 ) $ 47,274 December 31, 2018 Direct Assumed Ceded Total, Net of Reinsurance Assets Premiums receivable $ 121 $ 11 $ (85 ) $ 47 Reinsurance recoverable — — 3,796 3,796 Total $ 121 $ 11 $ 3,711 $ 3,843 Liabilities Future policy benefits and contract owner account balances $ 49,568 $ 1,202 $ (3,796 ) $ 46,974 Liability for funds withheld under reinsurance agreements (5 ) — — (5 ) Total $ 49,563 $ 1,202 $ (3,796 ) $ 46,969 Information regarding the effect of reinsurance on the Consolidated Statement of Operations is as follows for the periods indicated: Year ended December 31, 2019 2018 2017 Premiums: Direct premiums $ 2,759 $ 2,602 $ 2,597 Reinsurance assumed 827 956 1,152 Reinsurance ceded (1,313 ) (1,426 ) (1,652 ) Net premiums $ 2,273 $ 2,132 $ 2,097 Fee income: Gross fee income $ 1,970 $ 1,983 $ 1,890 Reinsurance ceded (1 ) (1 ) (1 ) Net fee income $ 1,969 $ 1,982 $ 1,889 Interest credited and other benefits to contract owners / policyholders: Direct interest credited and other benefits to contract owners / policyholders $ 4,186 $ 3,912 $ 4,090 Reinsurance assumed 9 554 23 Reinsurance ceded (1) (445 ) (940 ) (455 ) Net interest credited and other benefits to contract owners / policyholders $ 3,750 $ 3,526 $ 3,658 (1) Includes $232 , $216 and $219 for amounts paid to reinsurers in connection with the Company's UL contracts for the years ended December 31, 2019 , 2018 and 2017 , respectively. Effective October 1, 1998, the Company disposed of a block of its individual life insurance business under an indemnity reinsurance arrangement with a subsidiary of Lincoln National Corporation ("Lincoln") for $1.0 billion . Under the agreement, Lincoln contractually assumed from the Company certain policyholder liabilities and obligations, although the Company remains obligated to contract owners. The Lincoln subsidiary established a trust to secure its obligations to the Company under the reinsurance transaction. Of the Premium receivable and reinsurance recoverable on the Consolidated Balance Sheets, $1.3 billion and $1.4 billion as of December 31, 2019 and 2018 , respectively, is related to the reinsurance recoverable from the subsidiary of Lincoln under this reinsurance agreement. Pursuant to the terms of the 2018 MTA disclosed in the Business, Basis of Presentation and Significant Accounting Policies Note to the accompanying Consolidated Financial Statements and prior to the closing of the Transaction, the Company entered into the following reinsurance transactions: • VIAC recaptured from the Company the CBVA business previously assumed by Roaring River II, Inc., a subsidiary of the Company. • The Company, through one of its subsidiaries ceded, under modified coinsurance agreements, as amended, fixed and fixed indexed annuity reserves of $451 to Athene Life Re, Ltd. ("ALRe"). Under the terms of the agreements, ALRe contractually assumed from the Company the policyholder liabilities and obligations related to the policies, although the Company remains obligated to the policyholders. Upon the consummation of the agreements, the Company recognized no gain or loss in the Consolidated Statements of Operations. • The Company, through one of its subsidiaries, assumed, under coinsurance and modified coinsurance agreements, certain individual life and deferred annuity policies from VIAC. Upon the consummation of the agreements, the Company recognized no gain or loss in the Consolidated Statements of Operations. As of December 31, 2019 and 2018, assumed reserves related to these agreements were $782 and $837 , respectively.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Goodwill is the excess of cost over the estimated fair value of net assets acquired. As of December 31, 2019 and 2018 , the Company had $48 in goodwill which was related to the Investment Management and Retirement segments. There is no accumulated impairment balance associated with goodwill. The Company performs a goodwill impairment analysis annually as of October 1 and more frequently if facts and circumstances indicate that goodwill may be impaired. Other Intangible Assets The following table presents other intangible assets as of the dates indicated: Weighted Average Amortization Lives December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Management contract rights 20 years $ 550 $ 532 $ 18 $ 550 $ 504 $ 46 Customer relationship lists 20 years 120 91 29 120 83 37 Computer software 3 years 410 370 40 404 366 38 Total intangible assets $ 1,080 $ 993 $ 87 $ 1,074 $ 953 $ 121 Amortization expense related to intangible assets was $60 , $61 and $62 for the years ended December 31, 2019 , 2018 and 2017 , respectively. The estimated amortization of intangible assets are as follows: Year Amount 2020 $ 46 2021 21 2022 9 2023 4 2024 3 Amortization of intangible assets is included in the Consolidated Statements of Operations in Operating expenses. The Company does not have any indefinite-lived intangibles other than goodwill.

Share-based Incentive Compensat

Share-based Incentive Compensation Plans	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Share-based Incentive Compensation Plans	Share-based Incentive Compensation Plans ING U.S., Inc. 2013 Omnibus Employee Incentive Plan, Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan and 2019 Omnibus Employee Incentive Plan The Company has provided equity-based compensation awards to its employees under the ING U.S., Inc. 2013 Omnibus Employee Incentive Plan (the "2013 Omnibus Plan") and the Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan (the "2014 Omnibus Plan"). At inception of the 2013 Omnibus Plan, a total of 7,650,000 shares of Company common stock were reserved and available for issuance under the plan. As of December 31, 2019 , common stock reserved and available for issuance under the 2013 Omnibus Plan was 347,663 shares. The 2013 Omnibus Plan is no longer actively used for new grants of equity-based compensation awards. The 2014 Omnibus Plan was adopted by the Company's Board of Directors and approved by shareholders in 2014, and has substantially the same terms as the 2013 Omnibus Plan, except for certain changes intended to allow certain performance-based compensation awards to comply with the criteria for tax deductibility set forth in Section 162(m) of the Internal Revenue Code. The 2014 Omnibus Plan provides for 17,800,000 shares of common stock to be available for issuance as equity-based compensation awards. As of December 31, 2019 , common stock reserved and available for issuance under the 2014 Omnibus Plan was 3,519,189 shares. On March 27, 2019, the Company's Board of Directors adopted, subject to shareholder approval, the Voya Financial, Inc. 2019 Omnibus Employee Incentive Plan (the "2019 Omnibus Plan"). Shareholder approval for the 2019 Omnibus Plan was subsequently obtained at the Annual Meeting of Shareholders held on May 23, 2019. The 2019 Omnibus Plan provides for 11,700,000 shares of common stock to be available for issuance as equity-based compensation awards, subject to other provisions of the plan for replacement of shares and adjustments. As of December 31, 2019 , common stock reserved and available for issuance under the 2019 Omnibus Plan was 11,802,649 shares. The 2013 Omnibus Plan, the 2014 Omnibus Plan and the 2019 Omnibus Plan (together, the "Omnibus Plans") each permit the granting of a wide range of equity-based awards, including RSUs, which represent the right to receive a number of shares of Company common stock upon vesting; restricted stock, which are shares of Company stock that are issued subject to sale and transfer restrictions until the vesting conditions are met; PSUs, which are RSUs subject to certain performance-based vesting conditions, and under which the number of shares of common stock delivered upon vesting varies with the level of achievement of performance criteria; and stock options. Grants of equity-based awards under the Omnibus Plans are approved in advance by the Compensation and Benefits Committee (the "Committee") of the Board of Directors of the Company, and are subject to such terms and conditions as the Committee may determine, including in respect of vesting and forfeiture, subject to certain limitations provided in the Omnibus Plans. Equity-based awards under the Omnibus Plans may carry dividend equivalent rights, pursuant to which notional dividends accumulate on unvested equity awards and are paid, in cash, upon vesting. Except for stock option awards made during 2015 and 2019, awards made under the Omnibus Plans, to date, have included dividend equivalent rights. Dividend equivalents are credited to the recipient and are paid only to the extent the applicable performance criteria and service conditions are met. During each of the year s ended December 31, 2019 , 2018 and 2017 the Company awarded RSUs and PSUs to its employees under the Omnibus Plans. The PSU awards entitle recipients to receive, upon vesting, a number of shares of common stock that ranges from 0% to 150% of the number of PSUs awarded, depending on the level of achievement of the specified performance conditions. The establishment and the achievement of performance objectives are determined and approved by the Committee. Except under certain termination conditions, RSUs and PSUs generally vest no earlier than one year from the date of the award and no later than three years from the date of the award. In the case of retirement (eligibility for which is based on the employee's age and years of service as provided in the relevant award agreement), awards vest in full, but subject to the satisfaction of any applicable performance criteria. In December 2015, the Company also awarded contingent stock options ("2015 Stock Options") under the 2014 Omnibus Plan. These options are subject to vesting conditions based on the achievement of specified performance measures, and generally become exercisable one year following satisfaction of the relevant vesting condition. The options have a term of ten years from the grant date. In February 2019, the Company awarded contingent stock options ("2019 Stock Options") under the 2014 Omnibus Plan. These options are subject to vesting conditions based on the achievement of specified performance measures, and generally become exercisable one year following satisfaction of the relevant vesting condition. The options have a term of ten years from the grant date. If an award under the Omnibus Plans is forfeited, expired, terminated or otherwise lapses, the shares of Company common stock underlying that award will again become available for issuance. Shares withheld by the Company to pay employee taxes, or which are withheld by or tendered to the Company to pay the exercise price of stock options (or are repurchased from an option holder by the Company with proceeds from the exercise of stock options) are not available for reissuance. Voya Financial, Inc. 2013 Omnibus Non-Employee Director Incentive Plan The Company offers equity-based awards to Voya Financial, Inc. non-employee directors under the Voya Financial, Inc. 2013 Omnibus Non-Employee Director Incentive Plan ("2013 Director Plan”), which the Company adopted in connection with the IPO. A total of 288,000 shares of Company common stock may be issued under the 2013 Director Plan. The material terms of the 2013 Director Plan are substantially consistent with the material terms of the 2013 Omnibus Plan described above. During the year s ended December 31, 2019 , 2018 , and 2017 , the Company granted 18,571 , 22,637 and 27,261 RSUs, respectively, to certain of its non-employee directors. The awards granted vest in full on the first anniversary of the grant date, however, no shares are delivered in connection with the RSUs until such time as the director's service on the Board is terminated. Compensation Cost The fair value of stock options was estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted in 2015 and 2019: 2015 Stock Options 2019 Stock Options Expected volatility 28.6 % 26.5 % Expected term (in years) 6.02 5.99 Strike price $ 37.60 $ 50.03 Risk-free interest rate 2.1 % 2.7 % Expected dividend yield 0.11 % 1.00 % Weighted average estimated fair value $ 11.89 $ 13.78 During the year ended December 31, 2017, all outstanding 2015 Stock Options vested as the necessary performance conditions were satisfied. The Company utilized the simplified method for the expected term calculations. At the time of grant, the Company did not have historical exercises on which to base its own estimate. Additionally, exercise data relating to employees of comparable companies was not easily obtainable. Furthermore, because the Company did not have historical stock prices for a period at least equal to the expected term, the Company estimated Expected volatilities were based on the Company's life-to-date historical volatility using a weighted-average consisting 70% of historical peer group volatility and 30% of the historical volatility of the Company common stock. The contractual term for exercising the options is ten years . The vesting of the 2019 Stock Options was contingent on the satisfaction of performance conditions on or before December 31, 2020; the Company assumed for purposes of the award's fair value that such conditions would be met in full on or prior to such date. The Company utilized the simplified method for the expected term calculations. At the time of grant, the Company did not have historical exercises on which to base its own estimate. Additionally, exercise data relating to employees of comparable companies was not easily obtainable. Expected volatilities were based on the Company's life-to-date historical volatility. The contractual term for exercising the options is ten years . The fair value of the TSR component of the PSU awards was estimated using a Monte Carlo simulation. The following is a summary of the significant assumptions used to calculate the fair value of the TSR component of the PSU awards granted during the periods indicated: 2019 2018 2017 Expected volatility of the Company's common stock 28.29 % 28.58 % 26.67 % Average expected volatility of peer companies 25.15 % 26.76 % 27.43 % Expected term (in years) 2.86 2.86 2.86 Risk-free interest rate 2.48 % 2.40 % 1.45 % Expected dividend yield — % — % — % Average correlation coefficient of peer companies 63 % 67 % 68 % The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans and Director Plan for the periods indicated: Year Ended December 31, 2019 2018 2017 RSUs $ 45 $ 49 $ 57 PSU awards 44 43 44 Stock options 8 5 16 Other (1) — — 1 Total 97 97 118 Income tax benefit 29 18 39 Share-based compensation $ 68 $ 79 $ 79 (1) Includes compensation cost for legacy plans, under which no new awards are being issued. The following table summarizes the unrecognized compensation cost and expected remaining weighted-average period of expense recognition as of December 31, 2019 : RSUs PSU Awards Stock Options Unrecognized compensation cost $ 22 $ 32 $ 6 Expected remaining weighted-average period of expense recognition (in years) 1.7 1.6 1.4 Awards Outstanding The following table summarizes RSU and PSU awards activity under the Omnibus Plans for the periods indicated: RSU Awards PSU Awards (awards in millions) Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Outstanding at January 1, 2019 2.4 $ 43.36 2.5 $ 40.21 Adjusted for PSU performance factor N/A N/A 0.3 31.35 Granted 0.9 50.15 0.7 51.64 Vested (1.3 ) 39.93 (1.2 ) 29.25 Forfeited (0.1 ) 48.73 (0.1 ) 49.16 Outstanding at December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 Awards expected to vest as of December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 The weighted-average grant date fair value for RSU awards granted during the year ended December 31, 2019 , 2018 and 2017 was $50.15 , $50.55 and $42.30 , respectively. The weighted-average grant date fair value for PSU awards granted during the years ended December 31, 2019 , 2018 and 2017 was $51.64 , $53.21 and $42.32 , respectively. The total fair value of shares vested for the year s ended December 31, 2019 , 2018 , and 2017 was $124 , $99 and $102 , respectively. The following table summarizes the number of options under the Omnibus Plans for the periods indicated: Stock Options (awards in millions) Number of Awards Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of January 1, 2019 2.6 $ 37.60 6.96 $ 6.6 Granted 1.0 50.03 Exercised (0.7 ) 37.60 Forfeited — * 45.56 Outstanding as of December 31, 2019 2.9 $ 41.93 7.07 $ 53.5 Vested, exercisable, as of December 31, 2019 1.9 37.60 5.96 42.8 * Less than 0.1. The total intrinsic value of options exercised during the years ended December 31, 2019 and 2018 was $12 and $5 . No options were exercised in 2017 .

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity Common Shares The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated: Common Shares (shares in millions) Issued Held in Treasury Outstanding Balance, January 1, 2017 268.0 73.4 194.6 Common Shares issued — * — — * Common Shares acquired - share repurchase — 24.4 (24.4 ) Share-based compensation programs 2.0 0.2 1.8 Balance, December 31, 2017 270.0 98.0 172.0 Common Shares issued — — — Common Shares acquired - share repurchase — 22.8 (22.8 ) Share-based compensation programs 2.4 0.6 1.8 Balance, December 31, 2018 272.4 121.4 151.0 Common Shares issued 0.1 — 0.1 Common Shares acquired - share repurchase — 21.1 (21.1 ) Share-based compensation programs 3.2 0.9 2.3 Treasury Stock retirement (135.0 ) (135.0 ) — Balance, December 31, 2019 140.7 8.4 132.3 * Less than 0.1. Dividends declared per share of Common Stock were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Dividends declared per share of Common Stock $ 0.32 $ 0.04 $ 0.04 Share Repurchase Program From time to time, the Company's Board of Directors authorizes the Company to repurchase shares of its common stock. These authorizations permit stock repurchases up to a prescribed dollar amount and generally may be accomplished through various means, including, without limitation, open market transactions, privately negotiated transactions, forward, derivative, or accelerated repurchase, or automatic repurchase transactions, including 10b5-1 plans, or tender offers. Share repurchase authorizations typically expire if unused by a prescribed date. On May 2, 2019, the Board of Directors provided share repurchase authorization, increasing the aggregate of the Company's common stock authorized for repurchase by $500 . On October 31, 2019, the Board of Directors provided its most recent share repurchase authorization, increasing the aggregate amount of the Company's common stock authorized for repurchase by $800 . The additional share repurchase authorization expires on December 21, 2020 (unless extended), and does not obligate the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the Board of Directors at any time. The following table presents repurchases of the Company's common stock through share repurchase agreements with third-party financial institutions for the year ended December 31, 2019 and December 31, 2017 . The Company did not enter into any share repurchase agreements in 2018. 2019 Execution Date Payment Initial Shares Delivered Closing Date Additional Shares Delivered Total Shares Repurchased January 3, 2019 $ 250 5,059,449 April 4, 2019 290,765 5,350,214 April 9, 2019 $ 236 3,593,453 June 4, 2019 879,199 4,472,652 June 19, 2019 $ 200 2,963,512 August 6, 2019 695,566 3,659,078 December 19, 2019 $ 200 2,591,093 (1) (1) (1) (1) This arrangement is scheduled to terminate no later than the end of first quarter of 2020, at which time the Company will settle any outstanding positive or negative share balances based on the daily volume-weighted average price of the Company's common stock. 2017 Execution Date Payment Initial Shares Delivered Closing Date Additional Shares Delivered Total Shares Repurchased March 9, 2017 $ 150 — April 12, 2017 3,986,647 3,986,647 December 26, 2017 $ 500 7,821,666 March 26, 2018 1,947,413 9,769,079 The following table presents repurchases of our common stock through open market repurchases for the periods indicated: ($ in millions) Year Ended December 31, 2019 2018 2017 Shares of common stock 4,926,775 20,843,047 7,437,994 Payment $ 250 $ 1,025 $ 273 Warrants On May 7, 2013 , the Company issued to ING Group warrants to purchase up to 26,050,846 shares of the Company's common stock equal in the aggregate to 9.99% of the issued and outstanding shares of common stock at that date. The exercise price of the warrants at the time of issuance was $48.75 per share of common stock, subject to adjustments, including for stock dividends, cash dividends in excess of $0.01 per share a quarter, subdivisions, combinations, reclassifications and non-cash distributions. The warrants also provide for, upon the occurrence of certain change of control events affecting the Company, an increase in the number of shares to which a warrant holder will be entitled upon payment of the aggregate exercise price of the warrant. The warrants became exercisable to ING Group and its affiliates on January 1, 2017 and to all other holders starting on the first anniversary of the completion of the IPO ( May 7, 2014 ). The warrants expire on the tenth anniversary of the completion of the IPO ( May 7, 2023 ). The warrants are net share settled, which means that no cash will be payable by a warrant holder in respect of the exercise price of a warrant upon exercise, and are classified as permanent equity. They have been recorded at their fair value determined on the issuance date of May 7, 2013 in the amount of $94 as an addition and reduction to Additional-paid-in-capital. Warrant holders are not entitled to receive dividends. On March 12, 2018, ING Group sold its remaining interests in the warrants and no longer owns any warrants. On December 27, 2019, the Company paid a quarterly dividend of $0.15 per share on its common stock. As a consequence, the exercise price of the warrants to purchase shares of common stock was adjusted to $48.49 per share of common stock and the number of shares of common stock for which each warrant is exercisable has been adjusted to 1.002430429 . As of December 31, 2019 , no warrants have been exercised. Preferred Stock On June 11, 2019, the Company issued 300,000 shares of 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B ("the Series B preferred stock"), with a $0.01 par value per share and a liquidation preference of $1,000 per share, for aggregate net proceeds of $293 . The Company deposited the Series B preferred stock under a deposit agreement with a depositary, which issued interests in fractional shares of the Series B preferred stock in the form of depositary shares ("Depositary Shares") evidenced by depositary receipts; each Depositary Share representing 1/40th interest in a share of the Series B preferred stock. On September 12, 2018, the Company issued 325,000 shares of 6.125% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series A, with a $0.01 par value per share and a liquidation preference of $1,000 per share, for aggregate net proceeds of $319 . The ability of the Company to declare or pay dividends on, or purchase, redeem or otherwise acquire, shares of its common stock will be substantially restricted in the event that the Company does not declare and pay (or set aside) dividends on the Series A and Series B Preferred Stock for the last preceding dividend period. The Series A and Series B preferred stock are not subject to any mandatory redemption, sinking fund, retirement fund, purchase fund or similar provisions. The Company may, at its option, redeem the Series A preferred stock, (a) in whole but not in part, at any time, within 90 days after the occurrence of a "rating agency event," at a redemption price equal to $1,020 per share, plus an amount equal to any dividends per share of preferred stock that have accrued but not been declared and paid for the then-current dividend period to, but excluding, the redemption date and (b) (i) in whole but not in part, at any time within 90 days after the occurrence of a "regulatory capital event" or (ii) in whole or in part, from time to time, on September 15, 2023 or any subsequent "reset date," in each case, at a redemption price equal to $1,000 per share of preferred stock, plus an amount equal to any dividends per share of preferred stock that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date. The Company may, at its option, redeem the Series B preferred stock, (a) in whole but not in part, at any time, within 90 days after the occurrence of a "rating agency event," at a redemption price equal to $1,020 per share (equivalent to $25.50 per Depositary Share), plus an amount equal to any accrued and unpaid dividends per share that have accrued but not been declared and paid for the then-current dividend period, but excluding, such redemption date and (b) (i) in whole but not in part , at any time, within 90 days after the occurrence of a "regulatory capital event," or (ii) in whole or in part, from time to time, on September 15, 2029 or any reset date, in each case, at a redemption price equal to $1,000 per share of the Series B preferred stock (equivalent to $25.00 per Depositary Share), plus an amount equal to any accrued and unpaid dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such redemption date. A "rating agency event" means that any nationally recognized statistical rating organization that then publishes a rating for the Company amends, clarifies or changes the criteria it uses to assign equity credit to securities like the preferred stock, which results in the lowering of the equity credit assigned to the preferred stock, as applicable, or shortens the length of time that the preferred stock is assigned a particular level of equity credit. A "regulatory capital event" means that the Company becomes subject to capital adequacy supervision by a capital regulator and the capital adequacy guidelines that apply to the Company as a result of being so subject set forth criteria pursuant to which the preferred stock would not qualify as capital under such capital adequacy guidelines, as the Company may determine at any time, in its sole discretion. As of December 31, 2019 and December 31, 2018 , there were 100,000,000 shares of preferred stock authorized. Preferred stock issued and outstanding are as follows: December 31, 2019 December 31, 2018 Series Issued Outstanding Issued Outstanding 6.125% Non-cumulative Preferred Stock, Series A 325,000 325,000 325,000 325,000 5.35% Non-cumulative Preferred Stock, Series B 300,000 300,000 — — Total 625,000 625,000 325,000 325,000 As of December 31, 2019 , there were no preferred stock dividends in arrears.

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings per Common Share	Earnings per Common Share The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated: (in millions, except for per share data) Year Ended December 31, Earnings 2019 2018 2017 Net income (loss) available to common shareholders Income (loss) from continuing operations $ 765 $ 491 $ (302 ) Less: Preferred stock dividends 28 — — Less: Net income (loss) attributable to noncontrolling interest 50 145 217 Income (loss) from continuing operations available to common shareholders 687 346 (519 ) Income (loss) from discontinued operations, net of tax (1,066 ) 529 (2,473 ) Net income (loss) available to common shareholders $ (379 ) $ 875 $ (2,992 ) Weighted-average common shares outstanding Basic 141.0 163.2 184.1 Dilutive Effects: (1) Warrants (2) 2.1 0.8 — RSUs (3) 1.4 1.7 — PSU awards (3) 1.9 1.9 — Stock Options (4) 0.6 0.6 — Diluted 147.0 168.2 184.1 Basic (5) Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 4.88 $ 2.12 $ (2.82 ) Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (7.57 ) $ 3.24 $ (13.43 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ (2.69 ) $ 5.36 $ (16.25 ) Diluted (5) Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 4.68 $ 2.05 $ (2.82 ) Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (7.26 ) $ 3.14 $ (13.43 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ (2.58 ) $ 5.20 $ (16.25 ) (1) For the years ended December 31, 2019 and December 31, 2017 , weighted average shares used for calculating earnings per share excludes the impact of forward contracts related to the share repurchase agreements entered into on December 19, 2019 and December 26, 2017, respectively, as the inclusion of these instruments would be antidilutive to the earnings per share calculation. For more information on the share repurchase agreements, see the Shareholders' Equity Note to these Consolidated Financial Statements. (2) For the year ended December 31, 2017 , weighted average shares used for calculating earnings per share excludes the impact of warrants, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to "out of the moneyness" in the period presented. For more information on warrants, see the Shareholders' Equity Note to these Consolidated Financial Statements. (3) For the year ended December 31, 2017 , weighted average shares used for calculating basic and diluted earnings per share are the same, as the inclusion of 1.9 and 0.8 shares for stock compensation plans of RSU and PSU awards, respectively, would be antidilutive to the earnings per share calculation due to the net loss from continuing operations during the period. (4) For the year ended December 31, 2017 , weighted average shares used for calculating basic and diluted earnings per share excludes the dilutive impact of stock options, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to the average share price for the period presented. For more information on stock options, see the Share-based Incentive Compensation Plans Note to these Consolidated Financial Statements. (5) Basic and diluted earnings per share are calculated using unrounded, actual amounts. Therefore, the components of earnings per share may not sum to its corresponding total.

Insurance Subsidiaries

Insurance Subsidiaries	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Insurance Subsidiaries	Insurance Subsidiaries Principal Insurance Subsidiaries Statutory Equity and Income Each of Voya Financial, Inc.'s three principal insurance subsidiaries (the "Principal Insurance Subsidiaries") is subject to minimum risk-based capital ("RBC") requirements established by the insurance departments of their respective states of domicile. The formulas for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk. Regulatory compliance is determined by a ratio of total adjusted capital ("TAC"), as defined by the National Association of Insurance Commissioners ("NAIC"), to authorized control level RBC, as defined by the NAIC. Each of the Company's Principal Insurance Subsidiaries exceeded the minimum RBC requirements that would require any regulatory or corrective action for all periods presented herein. The Company's Principal Insurance Subsidiaries are each required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of its respective state of domicile. Such statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities and contract owner account balances using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis. Certain assets that are not admitted under statutory accounting principles are charged directly to surplus. Depending on the regulations of the insurance department of an insurance company's state of domicile, the entire amount or a portion of an insurance company's asset balance can be non-admitted based on the specific rules regarding admissibility. For the years ended December 31, 2019 , 2018 and 2017 , the Principal Insurance Subsidiaries have no prescribed or permitted practices that materially impact total capital and surplus. Statutory Net income (loss) for the years ended December 31, 2019 , 2018 and 2017 and statutory capital and surplus as of December 31, 2019 and 2018 of the Company's Principal Insurance Subsidiaries (and for 2017, VIAC, which the Company sold in connection with the 2018 Transaction) are as follows: Statutory Net Income (Loss) Statutory Capital and Surplus 2019 2018 2017 2019 2018 Subsidiary Name (State of Domicile): Voya Retirement Insurance and Annuity Company ("VRIAC") (CT) $ 325 $ 377 $ 195 $ 2,005 $ 2,000 Security Life of Denver Insurance Company (CO) (226 ) (62 ) 58 881 965 ReliaStar Life Insurance Company ("RLI") (MN) 35 101 234 1,536 1,633 Voya Insurance and Annuity Company ("VIAC") (IA) (1) N/A N/A 514 N/A N/A (1) On June 1, 2018, VIAC was sold as part of the 2018 Transaction. N/A - Not Applicable All of the Company's Principal Insurance Subsidiaries have capital and surplus levels that exceed their respective regulatory minimum requirements. As of December 31, 2019, SLD had the following surplus notes outstanding to its affiliate SLDI Georgia Holdings, Inc. "(Georgia Holdings"). Issuance Date Maturity 2019 2018 12/21/1994 4/15/2021 $ 40 $ 60 12/19/2000 4/15/2021 26 39 4/15/2017 4/15/2042 61 61 4/15/2018 4/15/2043 62 62 4/15/2019 4/15/2044 63 — Upon the closing of the Resolution MTA, Voya Financial, Inc., through one of its affiliates, will retain surplus notes issued by SLD in the amount of $123 under modified terms. Insurance Subsidiaries Dividend Restrictions The states in which the insurance subsidiaries of Voya Financial, Inc. are domiciled impose certain restrictions on the subsidiaries' ability to pay dividends to their parent. These restrictions are based in part on the prior year's statutory income and surplus. In general, dividends up to specified levels are considered ordinary and may be paid without prior approval. Dividends in larger amounts, or "extraordinary" dividends, are subject to approval by the insurance commissioner of the state of domicile of the insurance subsidiary proposing to pay the dividend. Under the insurance laws applicable to Voya Financial, Inc.'s insurance subsidiaries domiciled in Connecticut and Minnesota, an "extraordinary" dividend or distribution is defined as a dividend or distribution that, together with other dividends and distributions made within the preceding twelve months, exceeds the greater of (i) 10% of the insurer's policyholder surplus as of the preceding December 31 , or (ii) the insurer's net gain from operations for the twelve-month period ending the preceding December 31 , in each case determined in accordance with statutory accounting principles. Under Colorado insurance law, an "extraordinary dividend" or distribution is defined as a dividend or distribution that, together with other dividends and distributions made within the preceding twelve months, exceeds the lesser of (i) 10% of the insurer's policyholder surplus as of the preceding December 31 , or (ii) the insurer's net gain from operations for the twelve-month period ending the preceding December 31 , in each case determined in accordance with statutory accounting principles. In addition, under the insurance laws of Connecticut and Minnesota, no dividend or other distribution exceeding an amount equal to a domestic insurance company's earned surplus may be paid without the domiciliary insurance regulator's prior approval. The Company also has special purpose life reinsurance captive insurance company subsidiaries domiciled in Missouri that are collectively referred to as the Company's "Missouri captives" as well as captive reinsurance subsidiaries domiciled in Arizona that provide reinsurance to the Company's insurance subsidiaries for specific blocks of business. The Company's captive reinsurance subsidiaries domiciled in Arizona are referred to as the Company's "Arizona captives." The Company refers to its Missouri captives and its Arizona captives collectively as the Company's "captive reinsurance subsidiaries." The Company's Principal Insurance Subsidiary domiciled in Connecticut has ordinary dividend capacity for 2019. However, as a result of the extraordinary dividends it paid in 2015, 2016 and 2017, together with statutory losses incurred in connection with the recapture and cession to one of the Company's Arizona captives of certain term life insurance business in the fourth quarter of 2016, the Company's Principal Insurance Subsidiary domiciled in Minnesota currently has negative earned surplus. In addition, primarily as a result of statutory losses incurred in connection with the retrocession of the Company's Principal Insurance Subsidiary domiciled in Minnesota of certain life insurance business in the fourth quarter of 2018, the Company's principal insurance subsidiary domiciled in Colorado has a net loss from operations for the twelve-month period ending the preceding December 31. Therefore, neither the Company's Minnesota nor Colorado Principal Insurance Subsidiaries have the capacity at this time to make ordinary dividend payments to Voya Holdings Inc. ("Voya Holdings"), a wholly owned subsidiary of Voya Financial, Inc., and cannot make an extraordinary dividend payment without domiciliary insurance regulatory approval, which can be granted or withheld at the discretion of the regulator. Principal Insurance Subsidiaries - Dividends and Return of Capital The following table summarizes dividends permitted to be paid by the Company's Principal Insurance Subsidiaries to Voya Financial, Inc. or Voya Holdings without the need for insurance regulatory approval and dividends and extraordinary distributions paid by each of the Company's Principal Insurance Subsidiaries to its parent for the periods indicated: Dividends Permitted without Approval Dividends Paid Extraordinary Distributions Paid Year Ended December 31, Year Ended December 31, 2020 2019 2019 2018 2019 2018 Subsidiary Name (State of domicile): Voya Retirement Insurance and Annuity Company (CT) $ 295 $ 396 $ 396 $ 126 $ — $ — Security Life of Denver Insurance Company (CO) — — — 52 — — ReliaStar Life Insurance Company (MN) — — — — 360 — Captive Reinsurance Subsidiaries Voya Financial, Inc.'s captive reinsurance subsidiaries, provide reinsurance to the Company's insurance subsidiaries in order to facilitate the financing of statutory reserves including those associated with NAIC Model Regulation XXX or Actuarial Guideline 38 ("AG38") and to fund certain statutory annuity reserve requirements. Each of the Company's Missouri captives is subjected to specific minimum capital requirements set forth in the insurance statutes of Missouri, and is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed in the Missouri insurance statutes or permitted by the Missouri insurance department. There are no prescribed practices material to the Missouri captive reinsurance subsidiaries, except that certain of these subsidiaries have included the value of LOCs and trust notes as admitted assets supporting the statutory reserves ceded to such subsidiaries. The effect of these prescribed practices was to increase statutory capital and surplus by $749 and $676 as of December 31, 2019 and 2018 , respectively. The aggregate statutory capital and surplus, including the aforementioned prescribed practices, was $172 and $156 as of December 31, 2019 and 2018 , respectively. The Company's Arizona captives, SLDI and its wholly owned subsidiary RRII, provide reinsurance to the Company's insurance subsidiaries in order to facilitate the financing of statutory reserves including those associated with NAIC Model Regulation XXX or AG38 and to fund certain statutory annuity reserve requirements. Prior to the 2018 Transaction disclosed in the Business Held for Sale and Discontinued Operations Note to these Consolidated Financial Statements, this included reinsurance to RRII of the living benefit guarantees under the Company's CBVA business. In conjunction with the 2018 Transaction, the reinsurance treaty assumed by RRII was recaptured in 2018. Arizona state insurance statutes and regulations require the Company's Arizona captives to file financial statements with the Arizona Department of Insurance ("ADOI") and allow the filing of such financial statements on a U.S. GAAP basis modified for certain prescribed practices outlined in the Arizona insurance statutes that are applicable to U.S. GAAP filers. These prescribed practices had no impact on the Arizona captives Shareholder's equity as of December 31, 2019 and 2018 . In addition, the Arizona captives have obtained approval from the ADOI for certain permitted practices, including, for SLDI, taking reinsurance credit for certain ceded reserves where the assets backing the liabilities are held by a wholly owned Principal Insurance Subsidiary of Voya Financial, Inc. SLDI has recorded a receivable for these assets. The effect of the permitted practice was to increase SLDI's Shareholder's equity by $440 and $431 as of December 31, 2019 and 2018 , respectively, but has no effect on the Company's consolidated Total shareholders' equity. In the unlikely event that the permitted practice is suspended in the future, the Company has various alternatives which could be executed to allow the reinsurance credit for these ceded reserves. At consummation of the Individual Life Transaction, the Arizona captives will be sold to Resolution Life. The Missouri captives may not declare or pay any dividends other than in accordance with their respective insurance reserve financing transaction agreements and their respective governing licensing orders. Likewise, the Company's Arizona captives may not declare or pay dividends other than in accordance with their annual capital and dividend plans as approved by the ADOI, which include minimum capital requirements. During 2019, RRII paid a dividend of $154 to SLDI and SLDI paid a dividend of $228 to the Company.

Employee Benefit Arrangements

Employee Benefit Arrangements	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Arrangements	Employee Benefit Arrangements Pension, Other Postretirement Benefit Plans and Other Benefit Plans Voya Financial, Inc.'s subsidiaries maintain both qualified and non-qualified defined benefit pension plans (the "Plans"). These plans generally cover all employees and certain sales representatives who meet specified eligibility requirements. Pension benefits are based on a formula using compensation and length of service. Annual contributions are paid to the Plans at a rate necessary to adequately fund the accrued liabilities of the Plans calculated in accordance with legal requirements. The Plans comply with applicable regulations concerning investments and funding levels. The Voya Retirement Plan (the "Retirement Plan") is a tax qualified defined benefit plan, the benefits of which are guaranteed (within certain specified legal limits) by the Pension Benefit Guaranty Corporation ("PBGC"). Beginning January 1, 2012, the Retirement Plan adopted a cash balance pension formula instead of a final average pay ("FAP") formula, allowing all eligible employees to participate in the Retirement Plan. Participants earn an annual credit equal to 4% of eligible compensation. Interest is credited monthly based on a 30 -year U.S. Treasury securities bond rate published by the Internal Revenue Service in the preceding August of each year. The accrued vested cash pension balance benefit is portable; participants can take it if they leave the Company. In addition to providing qualified retirement benefit plans, the Company provides certain supplemental retirement benefits to eligible employees, non-qualified pension plans for insurance sales representatives who have entered into a career agent agreement and certain other individuals. These plans are non-qualified defined benefit plans, which means all benefits are payable from the general assets of the sponsoring company. The Company also offers deferred compensation plans for eligible employees, including eligible career agents and certain other individuals who meet the eligibility criteria. The Company’s deferred compensation commitment for employees is recorded on the Consolidated Balance Sheets in Other liabilities and totaled $314 and $278 as of December 31, 2019 and 2018 , respectively. Voya Financial, Inc.'s subsidiaries also provide other postretirement and post-employment benefits to certain employees. These are primarily postretirement healthcare and life insurance benefits to retired employees and other eligible dependents and post-employment/pre-retirement plans provided to employees and former employees. The Company's other postretirement benefit obligation and unfunded status totaled $18 and $16 as of December 31, 2019 and 2018 , respectively. Additionally, net periodic benefit for other postretirement benefits totaled $2 , $6 and $2 for the years ended December 31, 2019 , 2018 and 2017, respectively. Obligations, Funded Status and Net Periodic Benefit Costs The Company's Retirement Plan was fully funded in compliance with Employee Retirement Income Security Act ("ERISA") guidelines as of December 31, 2018, which is tested annually subsequent to this filing. The following tables summarize a reconciliation of beginning and ending balances of the benefit obligation and fair value of plan assets, as well as the funded status of the Company's Plans for the years ended December 31, 2019 and 2018 : 2019 2018 Change in benefit obligation: Benefit obligations, January 1 $ 2,140 $ 2,294 Service cost 24 25 Interest cost 92 86 Net actuarial (gains) losses 259 (157 ) Benefits paid (106 ) (108 ) (Gain) loss recognized due to curtailment 1 — Benefit obligations, December 31 2,410 2,140 Change in plan assets: Fair value of plan net assets, January 1 1,605 1,764 Actual return on plan assets 376 (78 ) Employer contributions 85 27 Benefits paid (106 ) (108 ) Fair value of plan net assets, December 31 1,960 1,605 Unfunded status at end of year (1) $ (450 ) $ (535 ) (1) Funded status is not indicative of the Company's ability to pay ongoing pension benefits or of its obligation to fund retirement trusts. Required pension funding for qualified plans is determined in accordance with ERISA regulations. The following table summarizes amounts related to the Plans recognized on the Consolidated Balance Sheets and in AOCI as of December 31, 2019 and 2018 : 2019 2018 Amounts recognized in the Consolidated Balance Sheets consist of: Accrued benefit cost $ (450 ) $ (535 ) Net amount recognized $ (450 ) $ (535 ) Accumulated other comprehensive (income) loss: Prior service cost (credit) $ — $ (1 ) Tax effect — — Accumulated other comprehensive (income) loss, net of tax $ — $ (1 ) The following table summarizes information for the Plans with a projected benefit obligation and an accumulated benefit obligation in excess of plan assets as of December 31, 2019 and 2018 : 2019 2018 Projected benefit obligation $ 2,410 $ 2,140 Accumulated benefit obligation 2,404 2,134 Fair value of plan assets 1,960 1,605 Components of Periodic Net Benefit Cost Net periodic pension cost and net periodic other postretirement benefit plan cost consist of the following: ▪ Service Cost : Service cost represents the increase in the projected benefit obligation as a result of benefits payable to employees on service rendered during the current year. ▪ Interest Cost (on the Liability) : Interest cost represents the increase in the amount of projected benefit obligation at the end of each year due to the time value adjustment. ▪ Expected Return on Plan Assets : Expected return on plan assets represents the anticipated return earned by the pension fund assets in a given year. ▪ Net Loss (Gain) Recognition : Actuarial gains and losses occur as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period. The Company immediately recognizes actuarial losses (gains) on the qualified and nonqualified retirement plans as well as the other postretirement benefit plans. ▪ Amortization of Prior Service Cost : This cost represents the recognition of increases or decreases in Pension and other postretirement provisions on the Consolidated Balance Sheets as a result of changes in plans or initiation of new plans. The increases or decreases in obligation are recognized in AOCI at the time of the particular amendment. The costs are then amortized to Operating expenses in the Consolidated Statements of Operations over the expected service years of the covered employees. ▪ (Gain) Loss Recognized due to Curtailment: Curtailment gains and losses occur as a result of events that significantly reduce the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. The components of net periodic benefit costs recognized in Operating expenses in the Consolidated Statements of Operations and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) related to the Plans were as follows for the years ended December 31, 2019 , 2018 and 2017 : 2019 2018 2017 Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations: Service cost $ 24 $ 25 $ 24 Interest cost 92 86 93 Expected return on plan assets (113 ) (129 ) (115 ) Amortization of prior service cost (credit) — (9 ) (10 ) (Gain) loss recognized due to curtailment 1 — 1 Net (gain) loss recognition (4 ) 50 14 Net periodic (benefit) costs — 23 7 Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI: Amortization of prior service (credit) cost — 9 10 (Credit) cost recognized due to curtailment (1 ) — 2 Total recognized in AOCI (1 ) 9 12 Total recognized in net periodic (benefit) costs and AOCI $ (1 ) $ 32 $ 19 The table below summarizes the components of the net actuarial (gains) losses related to the Plans reported within Operating expenses in the Consolidated Statements of Operations for the periods presented: (Gain)/Loss Recognized 2019 2018 2017 Discount Rate $ 292 $ (160 ) $ 196 Asset Returns (263 ) 207 (142 ) Mortality Table Assumptions (22 ) (6 ) (14 ) Demographic Data and other (11 ) 9 (25 ) Total Net Actuarial (Gain)/Loss Recognized $ (4 ) $ 50 $ 14 The Company does not expect any prior service cost to be amortized from AOCI into net periodic (benefit) cost in 2020. Assumptions The discount rates used in determining pension benefit obligations as of December 31, 2019 and 2018 were as follows: 2019 2018 Discount rate 3.36 % 4.46 % In determining the discount rate assumption, the Company utilizes current market information provided by its plan actuaries including discounted cash flow analyses of the Company’s pension and general movements in the current market environment. The discount rate modeling process involves selecting a portfolio of high quality, noncallable bonds that will match the cash flows of the pension plans. The weighted-average assumptions used in determining net benefit cost of the Plans for the years ended December 31, 2019 , 2018 and 2017 were as follows: 2019 2018 2017 Discount rate 4.37 % 3.85 % 4.55 % Expected rate of return on plan assets 6.75 % 7.50 % 7.50 % The expected return on plan assets is updated at least annually using the calculated value approach, taking into consideration the Retirement Plan’s asset allocation, historical returns on the types of assets held in the Retirement Plan's portfolio of assets ("the Fund") and the current economic environment. Based on these factors, it is expected that the Fund’s assets will earn an average percentage per year over the long term. This estimation is based on an active return on a compound basis, with a reduction for administrative expenses and non-Voya investment manager fees paid from the Fund. For estimation purposes, it is assumed the long-term asset mix will be consistent with the current mix. Changes in the asset mix could impact the amount of recorded pension income or expense, the funded status of the Plan, and the need for future cash contributions. Plan Assets The Retirement Plan is the only defined benefit plan with plan assets in a trust. The primary financial objective of the Retirement Plan is to secure participant retirement benefits. As such, the key objective in the Retirement Plan’s financial management is to promote stability and, to the extent appropriate, growth in funded status (i.e. the ratio of market value of assets to liabilities). The investment strategy for the Fund balances the requirement to generate returns with the need to control risk. The asset mix is recognized as the primary mechanism to influence the reward and risk structure of the Fund in an effort to accomplish the Retirement Plan’s funding objectives. Desirable target allocations amongst identified asset classes are set and, within each asset class, careful consideration is given to balancing the portfolio among industry sectors, geographies, interest rate sensitivity, economic growth, currency and other factors affecting investment returns. The assets are managed by professional investment firms. They are bound by mandates and are measured against benchmarks. Consideration is given to balancing security concentration, investment style and reliance on particular active investment strategies, among other factors. The Company reviews its asset mix of the Fund on a regular basis. Generally, the pension committee of the Company will rebalance the Fund's asset mix to the target mix as individual portfolios approach their minimum or maximum levels. However, the Company has the discretion to deviate from these ranges or to manage investment performance using different criteria. Derivative contracts may be used for hedging purposes to reduce the Retirement Plan’s exposure to interest rate risk. Treasury futures are used to manage the interest rate risk in the Retirement Plan’s fixed maturity portfolio. The derivatives do not qualify for hedge accounting. The following table summarizes the Company's pension plan’s target allocation range and actual asset allocation by asset category as of December 31, 2019 and 2018 : Actual Asset Allocation 2019 2018 Equity securities: Target allocation range 14%-40% 37%-65% Large-cap domestic 18.3 % 23.0 % Small/Mid-cap domestic 5.9 % 6.1 % International commingled funds 12.0 % 11.7 % Limited Partnerships 1.3 % 1.8 % Total equity securities 37.5 % 42.6 % Fixed maturities: Target allocation range 54%-82% 30%-50% U.S. Treasuries, short term investments, cash and futures 5.4 % 3.0 % U.S. Government agencies and authorities 5.0 % 8.2 % U.S. corporate, state and municipalities 40.8 % 31.6 % Foreign securities 3.3 % 4.1 % Other fixed maturities — % — % Total fixed maturities 54.5 % 46.9 % Other investments: Target allocation range 6%-14% 6%-14% Hedge funds 3.9 % 4.8 % Real estate 4.1 % 5.7 % Total other investments 8.0 % 10.5 % Total 100.0 % 100.0 % The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2019 : Level 1 Level 2 Level 3 NAV Total Assets Fixed maturities, short-term investments and cash: Cash and cash equivalents $ 14 $ — $ — $ — $ 14 Short-term investment fund (1) — — — 98 98 U.S. Government securities 97 — — — 97 U.S. corporate, state and municipalities — 782 14 — 796 Foreign securities — 64 — — 64 Other fixed maturities — 1 — — 1 Total fixed maturities 111 847 14 98 1,070 Equity securities: Large-cap domestic — 358 — — 358 Small/Mid-cap domestic 115 — — — 115 International commingled funds (2) — — — 235 235 Limited partnerships (3) — — — 25 25 Total equity securities 115 358 — 260 733 Other investments: Real estate (4) — — — 80 80 Limited partnerships (5) — — — 81 81 Total other investments — — — 161 161 Total Assets $ 226 $ 1,205 $ 14 $ 519 $ 1,964 Liabilities Derivatives $ 4 $ — $ — $ — $ 4 Total Liabilities $ 4 $ — $ — $ — $ 4 Net, total pension assets $ 222 $ 1,205 $ 14 $ 519 $ 1,960 (1) This category includes common collective trust funds invested in the EB Temporary Investment Fund of The Bank of New York Mellon ("Short-term Investment Fund"). The Short-term Investment Fund is designed to provide a rate of return by investing in a full range of high-quality, short-term money market securities. Participant's redemptions in the Short-term Investment Fund may be requested by 2 p.m. eastern standard time and are processed by the following day. (2) International Commingled funds are comprised of two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $125 and uses a bottom up approach to stock picking. In determining the potential of a company, the fund manager analyzes industry background, competitive advantage, management attitudes and financial strength and valuation. There are no redemption restrictions in the Baillie Gifford Funds. Silchester has a fund balance of $110 that has an investment objective to achieve long-term growth primarily by investing in a diversified portfolio of equity securities of companies located in any country other than the United States. Silchester clients may contribute to and redeem monies from the funds on a monthly basis as of the last business day of each month. Clients must notify Silchester at least six business days before the month-end to make a redemption request. Baillie Gifford and Silchester, as a normal course of business, enter into contracts (commitments) that contain indemnifications or warranties. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that have not yet occurred. Baillie Gifford and Silchester have no unfunded commitments. (3) Limited partnerships are comprised of two assets that use NAV to calculate fair value. Pantheon Europe has a balance of $3 and Pantheon USA has a balance of $22 . Their strategy is to create a portfolio of high quality private equity funds, operating across Europe and diversified by stage, sector, geography, manager and vintage year. As of December 31, 2019 , Pantheon Europe and Pantheon USA have unfunded commitments of $1 and $5 , respectively, and there were no significant redemption restrictions. (4) UBS Trumbull Property Fund ("UBS") uses NAV to calculate fair value. UBS has a balance of $80 and is an actively managed core portfolio of equity real estate. The Fund has both relative and real return objectives. Its relative performance objective is to outperform the National Council of Real Estate investment Fiduciaries Open-End Diversified Core ("NFI_ODCE") index over any given three -to- five -year period. The Fund's real return performance objective is to achieve at least a 5.0% real rate of return (i.e., inflation-adjusted return), before advisory fees, over any given three -to- five -year period. Investors may request redemptions of all or a portion of their units as of the end of a calendar quarter by delivering written notice to the Fund at least sixty days prior to the end of the quarter. (5) Magnitude Institutional, Ltd. ("MIL") has a balance of $81 and is designed to realize appreciation in value primarily through the allocation of capital directly and indirectly among investment funds and accounts. There are significant redemption restrictions in the MIL fund. The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2018 : Level 1 Level 2 Level 3 NAV Total Assets Fixed maturities, short term investments and cash: Cash and cash equivalents $ — $ — $ — $ — $ — Short-term investment fund (1) — — — 48 48 U.S. Government securities 131 — — — 131 U.S. corporate, state and municipalities 1 498 7 — 506 Foreign securities — 66 — — 66 Other fixed maturities — 1 — — 1 Total fixed maturities 132 565 7 48 752 Equity securities: Large-cap domestic 369 — — — 369 Small/Mid-cap domestic 98 — — — 98 International commingled funds (2) — — — 188 188 Limited partnerships (3) — — — 29 29 Total equity securities 467 — — 217 684 Other investments: Real estate (4) — — — 92 92 Limited partnerships (5) — — — 75 75 Other 2 — — — 2 Total other investments 2 — — 167 169 Net, total pension assets $ 601 $ 565 $ 7 $ 432 $ 1,605 (1) This category includes common collective trust funds invested in the Short-term Investment Fund. The Short-term Investment Fund is designed to provide a rate of return by investing in a full range of high-quality, short-term money market securities. Participant's redemptions in the Short-term Investment Fund may be requested by 2 p.m. eastern standard time and are processed by the following day. (2) International Commingled funds are comprised of two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $94 and uses a bottom up approach to stock picking. In determining the potential of a company, the fund manager analyzes industry background, competitive advantage, management attitudes and financial strength and valuation. There are no redemption restrictions in the Baillie Gifford Funds. Silchester has a fund balance of $94 that has an investment objective to achieve long-term growth primarily by investing in a diversified portfolio of equity securities of companies located in any country other than the United States. Silchester clients may contribute to and redeem moneys from the funds on a monthly basis as of the last business day of each month. Clients must notify Silchester at least six business days before the month-end to make a redemption request. Baillie Gifford and Silchester, as a normal course of business, enter into contracts (commitments) that contain indemnifications or warranties. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that have not yet occurred. Baillie Gifford and Silchester have no unfunded commitments. (3) Limited partnerships are comprised of two assets that use NAV to calculate fair value. Pantheon Europe has a balance of $4 and Pantheon USA has a balance of $25 . Their strategy is to create a portfolio of high quality private equity funds, operating across Europe and diversified by stage, sector, geography, manager and vintage year. As of December 31, 2018 , Pantheon Europe and Pantheon USA have unfunded commitments of $1 and $5 , respectively, and there were no significant redemption restrictions. (4) UBS uses NAV to calculate fair value. UBS has a balance of $92 and is an actively managed core portfolio of equity real estate. The Fund has both relative and real return objectives. Its relative performance objective is to outperform the NFI_ODCE index over any given three -to- five -year period. The Fund's real return performance objective is to achieve at least a 5.0% real rate of return (i.e., inflation-adjusted return), before advisory fees, over any given three -to- five -year period. Investors may request redemptions of all or a portion of their units as of the end of a calendar quarter by delivering written notice to the Fund at least sixty days prior to the end of the quarter. (5) MIL has a balance of $75 and is designed to realize appreciation in value primarily through the allocation of capital directly and indirectly among investment funds and accounts. There are significant redemption restrictions in the MIL fund. As described in the Fair Value Measurements (excluding Consolidated Investment Entities) Note to these Consolidated Financial Statements, pension plan assets are categorized into a three-level fair value hierarchy based upon the inputs available in evaluating each of the assets. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets (Level 1) and the lowest priority to unobservable inputs (Level 3). Certain investments are measured at fair value using the NAV per share as a practical expedient and have not been classified in the fair value hierarchy. The leveling hierarchy is applied to the pension plans assets as follows: Cash and cash equivalents : The carrying amounts for cash and cash equivalents reflect the assets' fair value. The fair values for cash and cash equivalents are determined based on quoted market prices. These assets are classified as Level 1. Short-term Investment Funds : Short term investment funds are estimated at NAV. See subscript (1) in Fair Value Hierarchy table footnotes for a description of the fund's redemption policies. U.S. Government securities, corporate bonds and notes and foreign securities : Fair values for actively traded marketable bonds are determined based upon quoted market prices and are classified as Level 1 assets. Corporate bonds, ABS, U.S. agency bonds, and foreign securities use observable pricing method such as matrix pricing, market corroborated pricing or inputs such as yield curves and indices. These investments are classified as Level 2. International Commingled Funds : Commingled funds are estimated at NAV per share. See subscript (2) in Fair Value Hierarchy table footnotes for description of the fund's redemption policies. Equity securities : Fair values for actively traded equity securities are based upon a quoted market price determined in an active market and are included in Level 1. Collective trust use observable pricing method such as matrix pricing, market corroborated pricing or inputs such as yield curves and indices. These investments are classified as Level 2. Real estate : Real estate is estimated at NAV. See subscript (4) in Fair Value Hierarchy table footnotes for more information on real estate. Limited partnerships : Limited partnerships are estimated at NAV. See subscripts (3) and (5) in Fair Value Hierarchy table footnotes for more information on limited partnerships. Expected Future Contributions and Benefit Payments The following table summarizes the expected benefit payments for the Company's pension plans to be paid for the years indicated: 2020 $ 125 2021 122 2022 126 2023 130 2024 130 2025-2029 682 The Company expects that it will make a cash contribution of approximately $86 to the Plans in 2020 . Defined Contribution Plans Certain of the Company’s subsidiaries sponsor defined contribution plans. The largest defined contribution plan is the Voya 401(k) Savings Plan (the "Savings Plan"). The assets of the Savings Plan are held in independently administered funds. Substantially all employees of the Company are eligible to participate, other than the Company’s agents. The Savings Plan is a tax qualified defined contribution plan. Savings Plan benefits are not guaranteed by the PBGC. The Savings Plan allows eligible participants to defer into the Savings Plan a specified percentage of eligible compensation on a pretax basis. The Company matches such pretax contributions, up to a maximum of 6% of eligible compensation, subject to IRS limits. Matching contributions are subject to a 4 -year graded vesting schedule. Contributions made to the Savings Plan are subject to certain limits imposed by applicable law. These plans do not give rise to balance sheet provisions, other than relating to short-term timing differences included in Other liabilities. The amount of cost recognized for the defined contribution pension plans for the years ended December 31, 2019 , 2018 and 2017 was $35 , $35 and $39 , respectively, and is recorded in Operating expenses in the Consolidated Statements of Operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated: December 31, 2019 2018 2017 Fixed maturities, net of OTTI $ 5,546 $ 1,074 $ 5,351 Equity securities — — 35 Derivatives (1) 145 170 127 DAC/VOBA adjustment on available-for-sale securities (1,498 ) (380 ) (1,471 ) Premium deficiency reserve (249 ) (57 ) (190 ) Sales inducements and other intangibles adjustment on available-for-sale securities (185 ) (64 ) (278 ) Other — — (18 ) Unrealized capital gains (losses), before tax 3,759 743 3,556 Deferred income tax asset (liability) (435 ) (143 ) (840 ) Net unrealized capital gains (losses) 3,324 600 2,716 Pension and other postretirement benefits liability, net of tax 7 7 15 AOCI $ 3,331 $ 607 $ 2,731 (1) Gains and losses reported in Accumulated Other Comprehensive Income (AOCI) from hedge transactions that resulted in the acquisition of an identified asset are reclassified into earnings in the same period or periods during which the asset acquired affects earnings. As of December 31, 2019 , the portion of the AOCI that is expected to be reclassified into earnings within the next 12 months is $25 . Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated: December 31, 2019 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 4,448 $ (935 ) $ 3,513 Equity securities — (1) — — Other — — — OTTI 3 (1 ) 2 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 21 (4 ) 17 DAC/VOBA (1,118 ) (2) 235 (883 ) Premium deficiency reserve (192 ) 40 (152 ) Sales inducements and other intangibles (121 ) 25 (96 ) Change in unrealized gains/losses on available-for-sale securities 3,041 (640 ) 2,401 Derivatives: Derivatives — (3) — — Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (25 ) 5 (20 ) Change in unrealized gains/losses on derivatives (25 ) 5 (20 ) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (4 ) (4) 4 — Change in pension and other postretirement benefits liability (4 ) 4 — Change in Accumulated other comprehensive income (loss) $ 3,012 $ (631 ) $ 2,381 (1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01. (2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (4) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. December 31, 2018 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (4,379 ) $ 1,079 $ (3,300 ) Equity securities — (1) — — Other 18 (8 ) 10 OTTI 32 (9 ) 23 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 70 (18 ) 52 DAC/VOBA 1,091 (2) (255 ) 836 Premium deficiency reserve 133 (28 ) 105 Sales inducements 214 (59 ) 155 Change in unrealized gains/losses on available-for-sale securities (2,821 ) 702 (2,119 ) Derivatives: Derivatives 69 (3) (19 ) 50 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (26 ) 7 (19 ) Change in unrealized gains/losses on derivatives 43 (12 ) 31 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (11 ) (4) 3 (8 ) Change in pension and other postretirement benefits liability (11 ) 3 (8 ) Change in Accumulated other comprehensive income (loss) $ (2,789 ) $ 693 $ (2,096 ) (1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01. (2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (4) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. December 31, 2017 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,943 $ (647 ) $ 1,296 Equity securities 2 (1 ) 1 Other 13 (5 ) 8 OTTI (2 ) 1 (1 ) Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations (3 ) 1 (2 ) DAC/VOBA (388 ) (1) 150 (238 ) Premium deficiency reserve (136 ) 48 (88 ) Sales inducements (109 ) 39 (70 ) Change in unrealized gains/losses on available-for-sale securities 1,320 (414 ) 906 Derivatives: Derivatives (106 ) (2) 37 (69 ) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (25 ) 9 (16 ) Change in unrealized gains/losses on derivatives (131 ) 46 (85 ) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (15 ) (3) 4 (11 ) Change in pension and other postretirement benefits liability (15 ) 4 (11 ) Change in Accumulated other comprehensive income (loss) $ 1,174 $ (364 ) $ 810 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense (benefit) consisted of the following for the periods indicated: Year Ended December 31, 2019 2018 2017 Current tax expense (benefit): Federal $ 126 $ 123 $ (128 ) State 1 (2 ) — Total current tax expense (benefit) 127 121 (128 ) Deferred tax expense (benefit): Federal (335 ) (84 ) 812 State 3 — 3 Total deferred tax expense (benefit) (332 ) (84 ) 815 Total income tax expense (benefit) $ (205 ) $ 37 $ 687 Income taxes were different from the amount computed by applying the federal income tax rate to Income (loss) before income taxes for the following reasons for the periods indicated: Year Ended December 31, 2019 2018 2017 Income (loss) before income taxes $ 560 $ 528 $ 385 Tax Rate 21.0 % 21.0 % 35.0 % Income tax expense (benefit) at federal statutory rate 118 111 135 Tax effect of: Valuation allowance (250 ) (15 ) (28 ) Dividend received deduction (37 ) (49 ) (40 ) Audit settlement — — — State tax expense (benefit) 1 10 4 Noncontrolling interest (10 ) (30 ) (76 ) Tax credits (33 ) — 14 Nondeductible expenses 1 4 2 Expirations of federal tax capital loss carryforward — — 2 Effect of Tax Reform — 8 679 * Other 5 (2 ) (5 ) Income tax expense (benefit) $ (205 ) $ 37 $ 687 Effective tax rate (36.6 )% 7.0 % 178.4 % *Effect of Tax Reform includes a tax benefit of $ 283 related to change in valuation allowance On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act ("Tax Reform"). Tax Reform made broad changes to U.S. federal tax law, including, but not limited to (1) reducing the U.S. federal corporate tax rate from 35% to 21%; (2) changing the computations of the dividends received deduction, tax reserves, and deferred acquisition costs; (3) further limiting deductibility of executive compensation; (4) eliminating the net operating loss ("NOL") carryback and limiting the NOL carryforward deduction to 80% of taxable income for losses arising in taxable years beginning after December 31, 2017; and (5) changing how alternative minimum tax (AMT) credits can be realized. Tax Reform eliminated the corporate AMT and allows the AMT credit carryforward to be refunded over the next 4 years. Any refundable corporate AMT credit is not subject to the sequestration requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended. Temporary Differences The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities were as follows as of the dates indicated: December 31, 2019 2018 Deferred tax assets Federal and state loss carryforwards $ 2,147 $ 2,051 Investments 189 246 Insurance reserves — 187 Compensation and benefits 269 295 Other assets 132 124 Total gross assets before valuation allowance 2,737 2,903 Less: Valuation allowance 388 638 Assets, net of valuation allowance 2,349 2,265 Deferred tax liabilities Net unrealized investment gains (769 ) (145 ) Insurance reserves (45 ) — Deferred policy acquisition costs (66 ) (493 ) Other liabilities (11 ) (17 ) Total gross liabilities (891 ) (655 ) Net deferred income tax asset (liability) $ 1,458 $ 1,610 The following table sets forth the federal, state and capital loss carryforwards for tax purposes as of the dates indicated: December 31, 2019 2018 Federal net operating loss carryforward $ 9,591 (1) $ 9,319 State net operating loss carryforward 2,849 (2) 2,244 Federal tax capital loss carryforward 17 (3) — Credit carryforward 73 (4) 34 (1) Approximately $5,882 of the net operating losses carryforwards ("NOL") not subject to expiration. Remaining NOLs expire between 2020 and 2037. (2) Approximately $362 of the NOLs not subject to expiration. Remaining NOLs expire between 2020 and 2040. (3) Expires in 2024. (4) Expires between 2020 and 2039. Valuation allowances are provided when it is considered more likely than not that some portion or all of the deferred tax assets will not be realized. As of December 31, 2019 and 2018 , the Company had a total valuation allowance of $388 and $638 , respectively. As of December 31, 2019 and 2018 , $742 and $992 , respectively, of this valuation allowance was allocated to continuing operations, and $(354) and $(354) allocated to Other comprehensive income (loss) related to realized and unrealized capital losses, respectively. In our assessment of the valuation allowance for the year ended December 31, 2019 , we determined that it is more likely than not that $250 of additional deferred tax asset will be realized. As a result, we recorded a valuation allowance release of $250 , all of which was allocated to continuing operations. For the year ended December 31, 2018 , the decrease in the valuation allowance was $15 , all of which was allocated to continuing operations. The net decrease in the valuation allowance was a result of the utilization of certain capital losses subject to a valuation allowance as well as state apportionment changes for certain state deferred tax assets subject to a valuation allowance. For the year ended December 31, 2017 , the decrease in the valuation allowance was $311 , all of which was allocated to continuing operations.The net decrease in the valuation allowance was primarily related to the reduction in the U.S. federal corporate tax rate from 35% to 21%, and expiration of foreign tax credits subject to a valuation allowance. Unrecognized Tax Benefits Reconciliations of the change in the unrecognized income tax benefits were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Balance at beginning of period $ 33 $ 37 $ 36 Additions for tax positions related to current year 1 2 2 Additions for tax positions related to prior years — 1 — Reductions for tax positions related to prior years (2 ) (1 ) — Reductions for settlements with taxing authorities — (6 ) — Reductions for expiring statutes — — (1 ) Balance at end of period $ 32 $ 33 $ 37 The Company had $1 , $1 , and $8 of unrecognized tax benefits as of December 31, 2019 , 2018 and 2017 , respectively, which would affect the Company's effective rate if recognized. Interest and Penalties The Company recognizes interest expense and penalties, if applicable, related to unrecognized tax benefits in tax expense net of federal income tax. The total amounts of gross accrued interest and penalties on the Company's Consolidated Balance Sheets as of December 31, 2019 and 2018 were immaterial. The Company recognized no gross interest (benefit) related to unrecognized tax in its Consolidated Statements of Operations for the years ended December 31, 2019 , 2018 and 2017 . The timing of the payment of the remaining accrued interest and penalties cannot be reasonably estimated. Tax Regulatory Matters For the tax years 2017 through 2020, Voya Financial, Inc. participates in the IRS Compliance Assurance Process (CAP), which is a continuous audit program provided by the IRS. The IRS finalized the audit of Voya Financial, Inc. for the periods ended December 31, 2017 and December 31, 2018. For the periods ended December 31, 2019 and December 31, 2020, the IRS has determined that Voya Financial, Inc. would be in the Compliance Maintenance Bridge (Bridge) phase of CAP. In the Bridge phase, the IRS does not intend to conduct any review or provide any letters of assurance for the tax year.

Financing Agreements

Financing Agreements	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Short-term Debt As of December 31, 2019 and 2018 , the Company had $1 , respectively, of short-term borrowings outstanding consisting entirely of the current portion of long-term debt. Long-term Debt The following table summarizes the carrying value of the Company’s long-term debt securities issued and outstanding as of December 31, 2019 and 2018 : Issuer Maturity 2019 2018 5.5% Senior Notes, due 2022 (2)(3) Voya Financial, Inc. 07/15/2022 $ — $ 96 3.125% Senior Notes, due 2024 (2)(3) Voya Financial, Inc. 07/15/2024 397 396 3.65% Senior Notes, due 2026 (2)(3) Voya Financial, Inc. 06/15/2026 496 496 5.7% Senior Notes, due 2043 (2)(3) Voya Financial, Inc. 07/15/2043 395 395 4.8% Senior Notes, due 2046 (2)(3) Voya Financial, Inc. 06/15/2046 297 297 4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048 (4) Voya Financial, Inc. 01/23/2048 345 344 5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053 (4) Voya Financial, Inc. 05/15/2053 739 739 7.25% Voya Holdings Inc. debentures, due 2023 (1) Voya Holdings Inc. 08/15/2023 139 138 7.63% Voya Holdings Inc. debentures, due 2026 (1) Voya Holdings Inc. 08/15/2026 138 138 6.97% Voya Holdings Inc. debentures, due 2036 (1) Voya Holdings Inc. 08/15/2036 79 79 8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027 Equitable of Iowa Capital Trust II 04/01/2027 14 14 1.00% Windsor Property Loan Voya Retirement Insurance and Annuity Company 06/14/2027 4 5 Subtotal 3,043 3,137 Less: Current portion of long-term debt 1 1 Total $ 3,042 $ 3,136 (1) Guaranteed by ING Group. (2) Interest is paid semi-annually in arrears. (3) Guaranteed by Voya Holdings. (4) See the Junior Subordinated Notes section below. Unsecured senior debt, which consists of senior fixed rate notes and guarantees of fixed rate notes, ranks highest in priority, followed by subordinated debt, which consists of junior subordinated debt securities. The aggregate amounts of future principal payments of long-term debt issued by the Company at December 31, 2019 for the next five years and thereafter are $1 in 2020, $1 in 2021, $1 in 2022, $1 in 2023, $140 in 2024 and $2,932 thereafter. The aggregate amounts of future principal payments of long-term debt issued by Voya Financial, Inc. at December 31, 2019 for the next five years and thereafter are $0 in 2020, $0 in 2021, $0 in 2022, $0 in 2023, $0 in 2024 and $2,700 thereafter. Loss on Debt Extinguishment The Company incurred a loss on debt extinguishment of $9 , $40 and $4 for the years ended December 31, 2019 , 2018 and 2017 , respectively, which was recorded in Interest expense in the Consolidated Statements of Operations. Senior Notes On July 5, 2017, Voya Financial, Inc. issued $400 of unsecured 3.125% Senior Notes due July 15, 2024 (the "2024 Notes") in a registered public offering. The 2024 Notes are guaranteed by Voya Holdings. Interest is paid semi-annually, in arrears on each January 15 and July 15. During the year ended December 31, 2019 , the Company completed the redemption of the remaining $97 aggregate principal amount of 5.5% Senior Notes due 2022 (the "2022 Notes"). During the year ended December 31, 2018 , Voya Financial, Inc. repurchased $ 141 and redeemed $125 in aggregate principal amounts of the outstanding 2.9% Senior Notes due 2018. Junior Subordinated Notes Outstanding junior subordinated notes were as follows as of December 31, 2019 : Issuer Issue Date Interest Rate (1) Scheduled Redemption Date Interest Rate Subsequent to Scheduled Redemption Date (2) Final Maturity Date Face Value Voya Financial, Inc. 05/16/2013 5.65 % 05/15/2023 LIBOR + 3.58% 05/15/2053 (3) $ 750 Voya Financial, Inc. 01/23/2018 4.70 % 01/23/2028 LIBOR + 2.084% 01/23/2048 (4) $ 350 (1) Prior to the scheduled redemption date, interest is paid semi-annually, in arrears. (2) In the event the securities are not redeemed on or before the scheduled redemption date, interest will accrue after such date at an annual rate of three month LIBOR plus the indicated margin, payable quarterly in arrears. (3) The 5.65% Fixed-to-Floating Rate Junior Subordinated Notes due 2053 (the "2053 Notes") are guaranteed on a junior subordinated basis by Voya Holdings. (4) The 4.70% Fixed-to-Floating Rate Junior Subordinated Notes due 2048 (the "2048 Notes") are guaranteed on an unsecured, junior subordinated basis by Voya Holdings. The Company has the right to defer interest payments on the Junior Subordinated Notes for one or more consecutive interest periods for up to five years , without resulting in a default, during which time interest will be compounded. On or after the optional redemption dates, Voya Financial, Inc. may redeem the Junior Subordinated Notes in whole or in part for the principal amount being redeemed plus accrued and unpaid interest. Prior to the optional redemption dates, the Company may elect to redeem the Junior Subordinated Notes for the principal amount being redeemed upon the occurrence of certain events as defined in the indentures governing the Junior Subordinated Notes, plus accrued and unpaid interest. At any time following notice of the Company's plan to defer interest and during the period interest is deferred, the Company and its subsidiaries generally, with certain exceptions, may not make payments on or redeem or purchase any shares of the Company's common or preferred stock or any of the debt securities or guarantees that rank in liquidation on a parity with or are junior to the Junior Subordinated Notes. Aetna Notes ING Group guarantees various debentures of Voya Holdings that were assumed by Voya Holdings in connection with the Company’s acquisition of Aetna’s life insurance and related businesses in 2000 (the "Aetna Notes"). Concurrent with the completion of the Company’s IPO, the Company entered into a shareholder agreement with ING Group that governs certain aspects of the Company’s continuing relationship. Pursuant to that agreement, the Company is obligated to reduce the aggregate outstanding principal amount of Aetna Notes to no more than zero as of December 31, 2019 or otherwise to make provision for ING Group's guarantee of any outstanding Aetna Notes in excess of such amounts. The Company's obligation to ING Group with respect to the Aetna Notes can be met, at the Company’s option, through redemptions, repurchases or by posting collateral with a third-party collateral agent, for the benefit of ING Group. If the Company fails to meet these obligations to ING Group, the Company has agreed to pay a prescribed quarterly fee ( 1.25% per quarter for 2019) to ING Group based on the outstanding principal amount of Aetna Notes for which provision has not been made, in excess of the limits set forth above. As of December 31, 2019 and 2018 , the outstanding principal amounts of the Aetna Notes were $358 , respectively. As of December 31, 2019 and 2018 , the amounts of collateral required to avoid the payment of a fee to ING Group were $358 and $258 , respectively. During the years ended December 31, 2019 and 2018 , the Company deposited $105 and $36 of collateral, respectively, increasing the remaining collateral balance to $372 and $267 , respectively. Windsor Property Loan On June 16, 2007, the State of Connecticut acting on behalf of the Department of Economic and Community Development ("DECD") loaned VRIAC $10 (the "DECD Loan") in connection with the development of a corporate office facility located at One Orange Way, Windsor, Connecticut that serves as the principal executive offices of the Company (the "Windsor Property"). As of December 31, 2019 and 2018 , the amount of the loan outstanding was $4 , which is reflected in Long-term debt on the Consolidated Balance Sheets. In August 2017 the loan agreement between VRIAC and the DECD was amended and $5 in cash was transferred into the cash deposit account as cash collateral. VRIAC’s monthly payments of principal and interest are processed out of the cash deposit account. Put Option Agreement for Senior Debt Issuance During 2015, the Company entered into an off-balance sheet 10 -year put option agreement with a Delaware trust formed by the Company, in connection with the sale by the trust of pre-capitalized trust securities ("P-Caps"), that provides Voya Financial, Inc. the right, at any time over a 10-year period, to issue up to $500 principal amount of its 3.976% Senior Notes due 2025 (" 3.976% Senior Notes") to the trust and receive in exchange a corresponding principal amount of U.S. Treasury securities that are held by the trust. The 3.976% Senior Notes will not be issued unless and until the put option is exercised. In return, the Company pays a semi-annual put premium to the trust at a rate of 1.875% per annum applied to the unexercised portion of the put option, and reimburses the trust for its expenses. The put premium and expense reimbursements are recorded in Operating expenses in the Consolidated Statements of Operations. If and when issued, the 3.976% Senior Notes will be guaranteed by Voya Holdings. Upon an event of default, the put option will be exercised automatically in full. The Company has a one-time right to unwind a prior voluntary exercise of the put option by repurchasing all of the 3.976% Senior Notes then held by the trust for U.S. Treasury securities. If the put option has been fully exercised, the 3.976% Senior Notes issued may be redeemed by the Company prior to their maturity at par or, if greater, at a make-whole redemption price, in each case plus accrued and unpaid interest to the date of redemption. The P-Caps are to be redeemed by the trust on February 15, 2025 or upon any early redemption of the 3.976% Senior Notes. Credit Facilities The Company uses credit facilities to provide collateral required primarily under its affiliated reinsurance transactions with captive insurance subsidiaries. Total fees associated with credit facilities for the years ended 2019 , 2018 and 2017 were $34 , $34 and $50 , respectively. The following table outlines the Company's credit facilities as of December 31, 2019 : Secured/ Unsecured Committed/ Uncommitted Expiration Capacity Utilization Unused Commitment Obligor / Applicant Voya Financial, Inc. Unsecured Committed 11/01/2024 $ 500 $ — $ 500 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 03/20/2022 250 242 8 Security Life of Denver International Limited Unsecured Committed 10/29/2023 61 51 10 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 12/31/2025 475 475 — Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 07/01/2037 1,725 1,606 119 Voya Financial, Inc. Unsecured Committed 02/11/2022 300 300 — Voya Financial, Inc. Secured Uncommitted Various 10 1 — Voya Financial, Inc. / Roaring River LLC Unsecured Committed 10/01/2025 425 392 33 Voya Financial, Inc. / Roaring River IV, LLC Unsecured Committed 12/31/2028 565 357 208 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Uncommitted 12/31/2020 300 58 — Voya Financial, Inc. Unsecured Committed 12/09/2024 300 250 50 Voya Financial, Inc. Unsecured Uncommitted 04/27/2021 125 125 — Total $ 5,036 $ 3,857 $ 928 Senior Unsecured Credit Facility As of December 31, 2019, the Company had a $ 500 senior unsecured credit facility with a syndicate of banks which expires November 1, 2024. The facility provides $500 of committed capacity for issuing letters of credit and the full $500 may be utilized for direct borrowings. As of December 31, 2019, there were no amounts outstanding as revolving credit borrowings and no amounts of LOCs outstanding under the senior unsecured credit facility. Under the terms of the facility, the Company is required to maintain a minimum net worth of $6.15 billion , which may increase upon any future equity issuances by the Company.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The Company leases its office space and certain equipment under operating leases, the longest term of which expires in 2030. The Company also has currently one finance lease associated with a service contract. For the years ended December 31, 2019 , 2018 and 2017 , rent expense for leases was $30 , $29 and $34 , respectively. Payments under the finance leases were $4 . The future net minimum payments under non-cancelable leases are as follows as of December 31, 2019 : Operating Leases Finance Leases 2020 $ 31 $ 21 2021 28 21 2022 28 21 2023 23 2 2024 18 — Thereafter 17 — Total undiscounted lease payments 145 65 Less: Imputed interest (26 ) (3 ) Total Lease liabilities $ 119 $ 62 During 2019, the Company entered into a lease agreement, which has a commencement date in 2020 and a commitment of $38 . This agreement is excluded from the table above. Commitments Through the normal course of investment operations, the Company commits to either purchase or sell securities, mortgage loans, or money market instruments, at a specified future date and at a specified price or yield. The inability of counterparties to honor these commitments may result in either a higher or lower replacement cost. Also, there is likely to be a change in the value of the securities underlying the commitments. As of December 31, 2019 , the Company had off-balance sheet commitments to acquire mortgage loans of $107 and purchase limited partnerships and private placement investments of $909 , of which $255 related to consolidated investment entities. Insurance Company Guaranty Fund Assessments Insurance companies are assessed on the costs of funding the insolvencies of other insurance companies by the various state guaranty associations, generally based on the amount of premiums companies collect in that state. The Company accrues the cost of future guaranty fund assessments based on estimates of insurance company insolvencies provided by the National Organization of Life and Health Insurance Guaranty Associations and the amount of premiums written in each state. The Company has estimated this undiscounted liability, which is included in Other liabilities on the Consolidated Balance Sheets, to be $1 and $2 as of December 31, 2019 and 2018 , respectively. The Company has also recorded an asset, in Other assets on the Consolidated Balance Sheets of $14 and $15 as of December 31, 2019 and 2018 , respectively, for future credits to premium taxes. The Company estimates its liabilities for future assessments under state insurance guaranty association laws. The Company believes the reserves established are adequate for future assessments relating to insurance companies that are currently subject to insolvency proceedings. Restricted Assets The Company is required to maintain assets on deposit with various regulatory authorities to support its insurance operations. The Company may also post collateral in connection with certain securities lending, repurchase agreements, funding agreements, credit facilities and derivative transactions. The components of the fair value of the restricted assets were as follows as of December 31, 2019 and 2018 : 2019 2018 Fixed maturity collateral pledged to FHLB (1) $ 1,211 $ 771 FHLB restricted stock (2) 55 50 Other fixed maturities-state deposits 48 99 Cash & cash equivalents 12 13 Securities pledged (3) 1,408 1,462 Total restricted assets $ 2,734 $ 2,395 (1) Included in Fixed maturities, available-for-sale, at fair value on the Consolidated Balance Sheets. (2) Included in Other investments on the Consolidated Balance Sheets. (3) Includes the fair value of loaned securities of $1,159 and $1,237 as of December 31, 2019 and 2018 , respectively. In addition, as of December 31, 2019 and 2018 , the Company delivered securities as collateral of $183 and $180 and repurchase agreements of $66 and $45 , respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Consolidated Balance Sheets. Federal Home Loan Bank Funding Agreements The Company is a member of the FHLB of Des Moines and the FHLB of Boston, and is required to pledge collateral to back funding agreements issued to the FHLB. As of December 31, 2019 and 2018 , the Company had $877 and $657 , respectively, in non-putable funding agreements, which are included in Contract owner account balances on the Consolidated Balance Sheets. As of December 31, 2019 and 2018 , assets with a market value of approximately $1,211 and $771 , respectively, collateralized the FHLB funding agreements. Assets pledged to the FHLB are included in Fixed maturities, available-for-sale, at fair value on the Consolidated Balance Sheets. Additionally, SLD is currently a member of FHLB of Topeka. The related non-puttable funding agreements and the assets pledged are reflected in Liabilities and Assets held for sale, respectively on the Consolidated Balance Sheets. Litigation, Regulatory Matters and Loss Contingencies Litigation, regulatory and other loss contingencies arise in connection with the Company's activities as a diversified financial services firm. The Company is a defendant in a number of litigation matters arising from the conduct of its business, both in the ordinary course and otherwise. In some of these matters, claimants seek to recover very large or indeterminate amounts, including compensatory, punitive, treble and exemplary damages. Modern pleading practice in the U.S. permits considerable variation in the assertion of monetary damages and other relief. Claimants are not always required to specify the monetary damages they seek or they may be required only to state an amount sufficient to meet a court's jurisdictional requirements. Moreover, some jurisdictions allow claimants to allege monetary damages that far exceed any reasonably possible verdict. The variability in pleading requirements and past experience demonstrates that the monetary and other relief that may be requested in a lawsuit or claim often bears little relevance to the merits or potential value of a claim. Litigation against the Company includes a variety of claims including negligence, breach of contract, fraud, violation of regulation or statute, breach of fiduciary duty, negligent misrepresentation, failure to supervise, elder abuse and other torts. As with other financial services companies, the Company periodically receives informal and formal requests for information from various state and federal governmental agencies and self-regulatory organizations in connection with inquiries and investigations of the products and practices of the Company or the financial services industry. It is the practice of the Company to cooperate fully in these matters. The outcome of a litigation or regulatory matter is difficult to predict and the amount or range of potential losses associated with these or other loss contingencies requires significant management judgment. It is not possible to predict the ultimate outcome or to provide reasonably possible losses or ranges of losses for all pending regulatory matters, litigation and other loss contingencies. While it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company's financial position, based on information currently known, management believes that neither the outcome of pending litigation and regulatory matters, nor potential liabilities associated with other loss contingencies, are likely to have such an effect. However, given the large and indeterminate amounts sought in certain litigation and the inherent unpredictability of all such matters, it is possible that an adverse outcome in certain of the Company's litigation or regulatory matters, or liabilities arising from other loss contingencies, could, from time to time, have a material adverse effect upon the Company's results of operations or cash flows in a particular quarterly or annual period. For some matters, the Company is able to estimate a possible range of loss. For such matters in which a loss is probable, an accrual has been made. For matters where the Company, however, believes a loss is reasonably possible, but not probable, no accrual is required. For matters for which an accrual has been made, but there remains a reasonably possible range of loss in excess of the amounts accrued or for matters where no accrual is required, the Company develops an estimate of the unaccrued amounts of the reasonably possible range of losses. As of December 31, 2019, the Company estimates the aggregate range of reasonably possible losses, in excess of any amounts accrued for these matters as of such date, to be up to approximately $50 . For other matters, the Company is currently not able to estimate the reasonably possible loss or range of loss. The Company is often unable to estimate the possible loss or range of loss until developments in such matters have provided sufficient information to support an assessment of the range of possible loss, such as quantification of a damage demand from plaintiffs, discovery from plaintiffs and other parties, investigation of factual allegations, rulings by a court on motions or appeals, analysis by experts and the progress of settlement discussions. On a quarterly and annual basis, the Company reviews relevant information with respect to litigation and regulatory contingencies and updates the Company's accruals, disclosures and reasonably possible losses or ranges of loss based on such reviews. Litigation includes Goetz v. Voya Financial and Voya Retirement Insurance and Annuity Company (USDC District of Delaware, No. 1:17-cv-1289) (filed September 8, 2017), a putative class action in which plaintiff, a participant in a 401(k) plan, seeks to represent other participants in the plan as well as a class of similarly situated plans that "contract with [Voya] for recordkeeping and other services." Plaintiff alleges that "Voya" breached its fiduciary duty to the plan and other plan participants by charging unreasonable and excessive recordkeeping fees, and that "Voya" distributed materially false and misleading 404a-5 administrative and fund fee disclosures to conceal its excessive fees. The Company denies the allegations, which it believes are without merit, and intends to defend the case vigorously. Litigation also includes Henkel of America v. ReliaStar Life Insurance Company (USDC District of Connecticut, No. 1:18-cv-00965) (filed June 8, 2018). Plaintiff alleges that ReliaStar breached the terms of a stop loss policy it issued to Plaintiff by refusing to reimburse Plaintiff for more than $47 in claims incurred by participants in prior years and submitted for coverage under the stop loss policy. Plaintiff alleges a breach of contract claim or, in the alternative, that the stop loss policy be declared to cover the submitted claims, and also asserts that ReliaStar engaged in unfair trade practices and unfair insurance practices in violation of state statutes, and did so willfully and intentionally to warrant an award of punitive damages under state law. The Company denies the allegations, which it believes are without merit, and intends to defend the case vigorously. Lastly, litigation includes Zhou v. Voya Financial, Inc. and Security Life of Denver (USDC District of Colorado, No. 1:19-cv-02781)(filed September 27, 2019), a putative class action in which the plaintiff alleges that the Company did not properly administer certain universal life insurance policies. The plaintiff claims that the Company did not timely credit interest earned on the payment of her premiums and incorrectly calculated the amount of interest that the Company credited to her account. In addition to the class allegations, the lawsuit alleges breach of contract and conversion and seeks declaratory and injunctive relief. The Company denies the allegations, which it believes are without merit, and intends to defend the case vigorously. Finally, industry wide, life insurers continue to be exposed to class action litigation related to the cost of insurance rates and periodic deductions from cash value. Common allegations include that insurance companies have breached the terms of their universal life insurance policies by establishing or increasing the cost of insurance rates using cost factors not permitted by the contract, thereby unjustly enriching themselves. This litigation is generally known as cost of insurance litigation. Cost of insurance litigation for the Company includes Barnes v. Security Life of Denver (USDC District of Colorado, No. 1:18-cv-00718) (filed March 27, 2018), a putative class action in which the plaintiff alleges that his insurance policy only permitted the Company to rely upon his expected future mortality experience to establish and increase his cost of insurance, but the Company instead relied upon other, non-disclosed factors to do so. Plaintiff alleges breach of contract and conversion claims against the Company and also seeks declaratory relief. The Company denies the allegations in the complaint, believes the complaint to be without merit, and intends to defend the matter vigorously. Cost of insurance litigation for the Company also includes Advance Trust & Life Escrow Services, LTA v. Security Life of Denver (USDC District of Colorado, No. 1:18-cv-01897) (filed July 26, 2018), a putative class action in which Plaintiff alleges that two specific types of universal life insurance policies only permitted the Company to rely upon the policyholder’s expected future mortality experience to establish and increase the cost of insurance, but the Company instead relied upon other, non-disclosed factors not only in the administration of the policies over time, but also in the decision to increase insurance costs beginning in approximately October 2015. Plaintiff alleges a breach of contract and seeks class certification. The Company denies the allegations in the complaint, believes the complaint to be without merit, and intends to defend the lawsuit vigorously. Finally, cost of insurance litigation includes Advance Trust & Life Escrow Services, LTA v. ReliaStar Life Insurance Company (USDC District of Minnesota, No. 1:18-cv-02863) (filed October 5, 2018), a putative class action in which Plaintiff alleges that the Company’s universal life insurance policies only permitted the Company to rely upon the policyholders’ expected future mortality experience to establish the cost of insurance, and that as projected mortality experience improved, the policy language required the Company to decrease the cost of insurance. Plaintiff alleges that the Company did not decrease the cost of insurance as required, thereby breaching its contract with its policyholders, and seeks class certification. The Company denies the allegations in the complaint, believes the complaint to be without merit, and will defend the lawsuit vigorously. Contingencies related to Performance-based Capital Allocations on Private Equity Funds Certain performance-based capital allocations related to sponsored private equity funds ("carried interest") are not final until the conclusion of an investment term specified in the relevant asset management contract. As a result, such carried interest, if accrued or paid to the Company during such term, is subject to later adjustment based on subsequent fund performance. If the fund’s cumulative investment return falls below specified investment return hurdles, some or all of the previously accrued carried interest is reversed to the extent that the Company is no longer entitled to the performance-based capital allocation. Should the fund’s cumulative investment return subsequently increase above specified investment return hurdles in future periods, previous reversals could be fully or partially recovered. As of December 31, 2019 , approximately $79

Consolidated Investment Entitie

Consolidated Investment Entities	12 Months Ended
	Dec. 31, 2019
Consolidated Investment Entities [Abstract]
Consolidated Investment Entities	Consolidated Investment Entities In the normal course of business, the Company provides investment management services to, invests in and has transactions with, various types of investment entities which may be considered VIEs or VOEs. The Company evaluates its involvement with each entity to determine whether consolidation is required. The Company holds variable interests in certain investment entities in the form of debt or equity investments, as well as the right to receive management fees, performance fees, and carried interest. The Company consolidates certain entities under the VIE guidance when it is determined that the Company is the primary beneficiary. Alternatively, certain entities are consolidated under the VOE guidance when control is obtained through voting rights. The Company has no right to the benefits from, nor does it bear the risks associated with consolidated investment entities beyond the Company’s direct equity and debt investments in and management fees generated from these entities. Such direct investments amounted to approximately $279 and $290 on a continuing basis as of December 31, 2019 and 2018 , respectively. If the Company were to liquidate, the assets held by consolidated investment entities would not be available to the general creditors of the Company as a result of the liquidation. Consolidated VIEs and VOEs Collateral Loan Obligations Entities ("CLOs") The Company is involved in the design, creation, and the ongoing management of CLOs. These entities are created for the purpose of acquiring diversified portfolios of senior secured floating rate leveraged loans, and securitizing these assets by issuing multiple tranches of collateralized debt; thereby providing investors with a broad array of risk and return profiles. Also known as collateralized financing entities under Topic 810, CLOs are variable interest entities by definition. In return for providing collateral management services, the Company earns investment management fees and contingent performance fees. In addition to earning fee income, the Company often holds an investment in certain of the CLOs it manages, generally within the unrated and most subordinated tranche of each CLO. The fee income earned and investments held are included in the Company's ongoing consolidation assessment for each CLO. The Company was the primary beneficiary of 3 and 2 CLOs as of December 31, 2019 and 2018 , respectively. Limited Partnerships ("LPs") The Company invests in and manages various limited partnerships, including private equity funds and hedge funds. These entities have been evaluated by the Company and are determined to be VIEs due to the equity holders, as a group, lacking the characteristics of a controlling financial interest. In return for serving as the general partner of and providing investment management services to these entities, the Company earns management fees and carried interest in the normal course of business. Additionally, the Company often holds an investment in each limited partnership it manages, generally in the form of general partner and limited partner interests. The fee income, carried interest, and investments held are included in the Company’s ongoing consolidation analysis for each limited partnership. The Company consolidated 12 funds, which were structured as partnerships, as of December 31, 2019 and 2018 , respectively. Registered Investment Companies The Company consolidated one sponsored investment fund accounted for as a VOE as of December 31, 2019 and 2018 , because it is the majority investor in the fund, and as such, has a controlling financial interest in the fund. The following table summarizes the components of the consolidated investment entities as of the dates indicated: December 31, 2019 December 31, 2018 Assets of Consolidated Investment Entities VIEs Cash and cash equivalents $ 68 $ 331 Corporate loans, at fair value using the fair value option 513 542 Limited partnerships/corporations, at fair value 1,470 1,313 Other assets 12 15 Total VIE assets 2,063 2,201 VOEs Limited partnerships/corporations, at fair value 162 108 Other assets 1 1 Total VOE assets 163 109 Total assets of consolidated investment entities $ 2,226 $ 2,310 Liabilities of Consolidated Investment Entities VIEs CLO notes, at fair value using the fair value option $ 474 $ 540 Other liabilities 650 681 Total VIE liabilities 1,124 1,221 VOEs Other liabilities 2 7 Total VOE liabilities 2 7 Total liabilities of consolidated investment entities $ 1,126 $ 1,228 The following tables summarize the impact of consolidation of investment entities into the Consolidated Balance Sheets as of the dates indicated: Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs Adjustments (2) Total December 31, 2019 Total investments and cash $ 55,146 $ — $ — $ (32 ) $ (246 ) $ 54,868 Other assets 10,219 — — — (1 ) 10,218 Assets held in consolidated investment entities — 551 1,675 — — 2,226 Assets held in separate accounts 81,670 — — — — 81,670 Assets held for sale 20,069 — — — — 20,069 Total assets $ 167,104 $ 551 $ 1,675 $ (32 ) $ (247 ) $ 169,051 Future policy benefits and contract owner account balances $ 50,868 $ — $ — $ — $ — $ 50,868 Other liabilities 6,659 — — — — 6,659 Liabilities held in consolidated investment entities 1 551 607 (32 ) (1 ) 1,126 Liabilities related to separate accounts 81,670 — — — — 81,670 Liabilities held for sale 18,498 — — — — 18,498 Total liabilities 157,696 551 607 (32 ) (1 ) 158,821 Equity attributable to common shareholders 9,408 — 1,068 — (1,068 ) 9,408 Equity attributable to noncontrolling interest in consolidated investment entities — — — — 822 822 Total liabilities and equity $ 167,104 $ 551 $ 1,675 $ (32 ) $ (247 ) $ 169,051 (1) The Before Consolidation column includes the Company's direct investments in CIEs prior to consolidation,which are accounted for using the equity method or fair value option. (2) Adjustments include the elimination of intercompany transactions between the Company and CIEs. This consists primarily of the Company’s direct investments in CIEs, but may also contain intercompany receivables or payables. The Company’s direct investments are eliminated against CIE liabilities in the case of CLOs, or the net assets of consolidated private equity and other funds. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2018 Total investments and cash $ 52,142 $ — $ — $ (7 ) $ (283 ) $ 51,852 Other assets 11,293 — — — (1 ) 11,292 Assets held in consolidated investment entities — 589 1,721 — — 2,310 Assets held in separate accounts 69,931 — — — — 69,931 Assets held for sale 20,045 — — — — 20,045 Total assets $ 153,411 $ 589 $ 1,721 $ (7 ) $ (284 ) $ 155,430 Future policy benefits and contract owner account balances $ 50,770 $ — $ — $ — $ — $ 50,770 Other liabilities 6,593 — — — — 6,593 Liabilities held in consolidated investment entities 1 589 646 (7 ) (1 ) 1,228 Liabilities related to separate accounts 69,931 — — — — 69,931 Liabilities held for sale 17,903 — — — — 17,903 Total liabilities 145,198 589 646 (7 ) (1 ) 146,425 Equity attributable to common shareholders 8,213 — 1,075 — (1,075 ) 8,213 Equity attributable to noncontrolling interest in consolidated investment entities — — — — 792 792 Total liabilities and equity $ 153,411 $ 589 $ 1,721 $ (7 ) $ (284 ) $ 155,430 (1) The Before Consolidation column includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option. (2) Adjustments include the elimination of intercompany transactions between the Company and CIEs. This consists primarily of the Company’s direct investments in CIEs, but may also contain intercompany receivables or payables. The Company’s direct investments are eliminated against CIE liabilities in the case of CLOs, or the net assets of consolidated private equity and other funds. The following tables summarize the impact of consolidation of investment entities into the Consolidated Statements of Operations for the periods indicated: Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2019 Revenues: Net investment income $ 2,801 $ — $ — $ (1 ) $ (8 ) $ 2,792 Fee income 2,008 — — (2 ) (37 ) 1,969 Premiums 2,273 — — — — 2,273 Net realized capital losses (166 ) — — — — (166 ) Other income 465 — — — — 465 Income related to consolidated investment entities (1 ) 23 121 — — 143 Total revenues 7,380 23 121 (3 ) (45 ) 7,476 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,750 — — — — 3,750 Other expense 3,121 — — — — 3,121 Operating expenses related to consolidated investment entities (1 ) 23 64 (3 ) (38 ) 45 Total benefits and expenses 6,870 23 64 (3 ) (38 ) 6,916 Income (loss) before income taxes 510 — 57 — (7 ) 560 Income tax expense (benefit) (205 ) — — — — (205 ) Income (loss) from continuing operations 715 — 57 — (7 ) 765 Income (loss) from discontinued operations, net of tax (1,066 ) — — — — (1,066 ) Net income (loss) (351 ) — 57 — (7 ) (301 ) Less: Net income (loss) attributable to noncontrolling interest — — — — 50 50 Net income (loss) available to Voya Financial, Inc. (351 ) — 57 — (57 ) (351 ) Less: Preferred stock dividends 28 — — — — 28 Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ — $ 57 $ — $ (57 ) $ (379 ) (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2018 Revenues: Net investment income $ 2,716 $ — $ — $ (1 ) $ (46 ) $ 2,669 Fee income 2,033 — — (3 ) (48 ) 1,982 Premiums 2,132 — — — — 2,132 Net realized capital losses (355 ) — — — — (355 ) Other income 443 — — — — 443 Income related to consolidated investment entities — 28 264 — — 292 Total revenues 6,969 28 264 (4 ) (94 ) 7,163 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,526 — — — — 3,526 Other expense 3,060 — — — — 3,060 Operating expenses related to consolidated investment entities — 28 73 (4 ) (48 ) 49 Total benefits and expenses 6,586 28 73 (4 ) (48 ) 6,635 Income (loss) before income taxes 383 — 191 — (46 ) 528 Income tax expense (benefit) 37 — — — — 37 Income (loss) from continuing operations 346 — 191 — (46 ) 491 Income (loss) from discontinued operations, net of tax 529 — — — — 529 Net income (loss) 875 — 191 — (46 ) 1,020 Less: Net income (loss) attributable to noncontrolling interest — — — — 145 145 Net income (loss) available to Voya Financial, Inc. 875 — 191 — (191 ) 875 Less: Preferred stock dividends — — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 875 $ — $ 191 $ — $ (191 ) $ 875 (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2017 Revenues: Net investment income $ 2,721 $ — $ — $ (2 ) $ (78 ) $ 2,641 Fee income 1,937 — — (9 ) (39 ) 1,889 Premiums 2,097 — — — — 2,097 Net realized capital losses (209 ) — — — — (209 ) Other income 379 — — — — 379 Income related to consolidated investment entities — 82 350 — — 432 Total revenues 6,925 82 350 (11 ) (117 ) 7,229 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,658 — — — — 3,658 Other expense 3,099 — — — — 3,099 Operating expenses related to consolidated investment entities — 82 55 (11 ) (39 ) 87 Total benefits and expenses 6,757 82 55 (11 ) (39 ) 6,844 Income (loss) before income taxes 168 — 295 — (78 ) 385 Income tax expense (benefit) 687 — — — — 687 Income (loss) from continuing operations (519 ) — 295 — (78 ) (302 ) Income (loss) from discontinued operations, net of tax (2,473 ) — — — — (2,473 ) Net income (loss) (2,992 ) — 295 — (78 ) (2,775 ) Less: Net income (loss) attributable to noncontrolling interest — — — — 217 217 Net income (loss) available to Voya Financial, Inc. (2,992 ) — 295 — (295 ) (2,992 ) Less: Preferred stock dividends — — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (2,992 ) $ — $ 295 $ — $ (295 ) $ (2,992 ) (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation. Fair Value Measurement Upon consolidation, the Company elected to apply the FVO for financial assets and financial liabilities held by CLOs and continued to measure these assets (primarily corporate loans) and liabilities (debt obligations issued by CLOs) at fair value in subsequent periods. The Company has elected the FVO to more closely align its accounting with the economics of its transactions and allows the Company to more effectively align changes in the fair value of CLO assets with a commensurate change in the fair value of CLO liabilities. Investments held by consolidated private equity funds are measured and reported at fair value in the Company's Consolidated Financial Statements. Changes in the fair value of consolidated investment entities are recorded as a separate line item within Income (loss) related to consolidated investment entities in the Company's Consolidated Statements of Operations. The methodology for measuring the fair value of financial assets and liabilities of consolidated investment entities, and the classification of these measurements in the fair value hierarchy is consistent with the methodology and classification applied by the Company to its investment portfolio. As discussed in more detail below, the Company utilizes valuations obtained from third-party commercial pricing services, brokers and investment sponsors or third-party administrators that supply NAV (or its equivalent) per share used as a practical expedient. The valuations obtained from brokers and third-party commercial pricing services are non-binding. These valuations are reviewed on a monthly or quarterly basis depending on the entity and its underlying investments. Procedures include, but are not limited to, a review of underlying fund investor reports, review of top and worst performing funds requiring further scrutiny, review of variance from prior periods and review of variance from benchmarks, where applicable. In addition, the Company considers both macro and fund specific events that may impact the latest NAV supplied and determines if further adjustments of value should be made. Such changes, if any, are subject to senior management review. When a price cannot be obtained from a commercial pricing service, independent broker quotes are solicited. Securities priced using independent broker quotes are classified as Level 3. Broker quotes and prices obtained from pricing services are reviewed and validated through an internal valuation committee price variance review, comparisons to internal pricing models, back testing to recent trades or monitoring of trading volumes. Cash and Cash Equivalents The carrying amounts for cash reflect the assets’ fair values. The fair value for cash equivalents is determined based on quoted market prices. These assets are classified as Level 1. CLOs Corporate loans : Corporate loan investments, which comprise the majority of consolidated CLO portfolio collateral, are senior secured corporate loans maturing at various dates between 2020 and 2028, paying interest at LIBOR , EURIBOR or PRIME plus a spread of up to 10.0% . As of December 31, 2019 and 2018 , the unpaid principal balance exceeded the fair value of the corporate loans by approximately $18 and $13 , respectively. Less than 1.0% of the collateral assets were in default as of December 31, 2019 and 2018 . The fair values for corporate loans are determined using independent commercial pricing services. Fair value measurement based on pricing services may be classified in Level 2 or Level 3 depending on the type, complexity, observability and liquidity of the asset being measured. The inputs used by independent commercial pricing services, such as benchmark yields and credit risk adjustments, are those that are derived principally from, or corroborated by, observable market data. Hence, the fair value measurement of corporate loans priced by independent pricing service providers is classified within Level 2 of the fair value hierarchy. In addition, there are assets held with CLO portfolios that represent senior level debt of other third party CLOs. These CLO investments are classified within Level 3 of the fair value hierarchy. See description of fair value process for CLO notes below. CLO notes : The CLO notes are backed by a diversified loan portfolio consisting primarily of senior secured floating rate leveraged loans. Repayment risk is segmented into tranches with credit ratings of these tranches reflecting both the credit quality of underlying collateral as well as how much protection a given tranche is afforded by tranches that are subordinate to it. The most subordinated tranche bears the first loss and receives the residual payments, if any. The interest rates are generally variable rates based on LIBOR plus a pre-defined spread, which varies from 0.7% for the more senior tranches to 5.4% for the more subordinated tranches. CLO notes mature in 2026 and have a weighted average maturity of 6.6 years as of December 31, 2019 . The investors in this debt are not affiliated with the Company and have no recourse to the general credit of the Company for this debt. The fair values of the CLO notes are measured based on the fair value of the CLO's corporate loans, as the Company uses the measurement alternative available under ASU 2014-13 and determined that the inputs for measuring financial assets are more observable. The CLO notes are classified within Level 2 of the fair value hierarchy, consistent with the classification of the majority of the CLO financial assets. The Company reviews the detailed prices, including comparisons to prior periods, for reasonableness. The Company utilizes a formal pricing challenge process to request a review of any price during which time the vendor examines its assumptions and relevant market inputs to determine if a price change is warranted. The following narrative indicates the sensitivity of inputs: • Default Rate: An increase (decrease) in the expected default rate would likely increase (decrease) the discount margin (increase risk premium) used to value the CLO investments and CLO notes and, as a result, would potentially decrease the value of the CLO investments and CLO notes. • Recovery Rate: A decrease (increase) in the expected recovery of defaulted assets would potentially decrease (increase) the valuation of CLO investments and CLO notes. • Prepayment Rate: A decrease (increase) in the expected rate of collateral prepayments would potentially decrease (increase) the valuation of CLO investments and CLO notes as the expected weighted average life ("WAL") would increase (decrease). • Discount Margin (spread over LIBOR): An increase (decrease) in the discount margin used to value the CLO investments and CLO notes and would decrease (increase) the value of the CLO investments and CLO notes. Private Equity Funds As prescribed in ASC Topic 820, the unit of account for these investments is the interest in the investee fund. The Company owns an undivided interest in the fund portfolio and does not have the ability to dispose of individual assets and liabilities in the fund portfolio. Rather, the Company would be required to redeem or dispose of its entire interest in the investee fund. There is no current active market for interests in underlying private equity funds. Valuation is generally based on the valuations provided by the fund's general partner or investment manager. The valuations typically reflect the fair value of the Company's capital account balance of each fund investment, including unrealized capital gains (losses), as reported in the financial statements of the respective investee fund as of the respective year end or the latest available date. In circumstances where fair values are not provided, the Company seeks to determine the fair value of fund investments based upon other information provided by the fund's general partner or investment manager or from other sources. The fair value of securities received in-kind from fund investments is determined based on the restrictions around the securities. • Unrestricted, publicly traded securities are valued at the closing public market price on the reporting date; • Restricted, publicly traded securities may be valued at a discount from the closing public market price on the reporting date, depending on the circumstances; and • Privately held securities are valued by the directors/general partner of the investee fund, based on a variety of factors, including the price of recent transactions in the company's securities and the company's earnings, revenue and book value. In the case of direct investments or co-investments in private equity companies, the Company initially recognizes investments at cost and subsequently adjusts investments to fair value. On a quarterly basis, the Company reviews the general partner or lead investor's valuation of the investee company, taking into account other available information, such as indications of a market value through subsequent issues of capital or transactions between third parties, performance of the investee company during the period and public, comparable companies' analysis, where appropriate. Investments in these funds typically may not be fully redeemed at NAV within 90 days because of inherent restriction on near term redemptions. As of December 31, 2019 and 2018 , certain private equity funds maintained term loans and revolving lines of credit of $669 and $753 , respectively. The term loans renew every three years and the revolving lines of credit renew annually; all loans bear interest at LIBOR / EURIBOR plus 150 - 200 bps. The lines of credit are used for funding transactions before capital is called from investors, as well as for the financing of certain purchases. As of December 31, 2019 and 2018 , outstanding borrowings amount to $602 and $584 , respectively. On February 1, 2018, Pomona Investment Fund entered into a three-year revolving credit agreement with Credit Suisse. The size of the facility is $25 ; the loan bears interest at LIBOR plus 325 bps and has a commitment fee of 160 bps. There was $ 3 of outstanding borrowing as of December 31, 2019 . The borrowings are reflected in Liabilities related to consolidated investment entities - other liabilities on the Company's Consolidated Balance Sheets. The borrowings are carried at an amount equal to the unpaid principal balance. The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2019 : Level 1 Level 2 Level 3 NAV Total Assets VIEs Cash and cash equivalents $ 68 $ — $ — $ — $ 68 Corporate loans, at fair value using the fair value option — 513 — — 513 Limited partnerships/corporations, at fair value — — — 1,470 1,470 VOEs Limited partnerships/corporations, at fair value — — — 162 162 Total assets, at fair value $ 68 $ 513 $ — $ 1,632 $ 2,213 Liabilities VIEs CLO notes, at fair value using the fair value option $ — $ 474 $ — $ — $ 474 Total liabilities, at fair value $ — $ 474 $ — $ — $ 474 The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2018 : Level 1 Level 2 Level 3 NAV Total Assets VIEs Cash and cash equivalents $ 331 $ — $ — $ — $ 331 Corporate loans, at fair value using the fair value option — 542 — — 542 Limited partnerships/corporations, at fair value — — — 1,313 1,313 VOEs Limited partnerships/corporations, at fair value — — — 108 108 Total assets, at fair value $ 331 $ 542 $ — $ 1,421 $ 2,294 Liabilities VIEs CLO notes, at fair value using the fair value option $ — $ 540 $ — $ — $ 540 Total liabilities, at fair value $ — $ 540 $ — $ — $ 540 Transfers of investments out of Level 3 and into Level 2 or Level 1, if any, are recorded as of the beginning of the period in which the transfer occurred. For the years ended December 31, 2019 and 2018 , there were no transfers in or out of Level 3 or transfers between Level 1 and Level 2. Deconsolidation of Certain Investment Entities The Company determined it was no longer the primary beneficiary of previously consolidated CLOs due to a reduction in the Company’s investment in relation to the CLOs' equity. This caused a reduction in the Company's obligation to absorb losses and rights to receive benefits of the CLO that could potentially be significant to the CLO. As a result of this determination, the Company deconsolidated one and three investment entities during the years ended December 31, 2019 and December 31, 2018 , respectively. Nonconsolidated VIEs CLOs In addition to the consolidated CLOs, the Company also holds variable interest in certain CLOs that are not consolidated as it has been determined that the Company is not the primary beneficiary. With these CLOs , the Company serves as the investment manager and receives investment management fees and contingent performance fees. Generally, the Company does not hold any interest in the nonconsolidated CLOs but if it does, such ownership has been deemed to be insignificant. The Company has not provided, and is not obligated to provide, any financial or other support to these entities. The Company reviews its assumptions on a periodic basis to determine if conditions have changed such that the projection of these contingent fees becomes significant enough to reconsider the Company's consolidation status as variable interest holder. As of December 31, 2019 and 2018 , the Company held $377 and $468 ownership interests, respectively, in unconsolidated CLOs on a continuing basis. Limited Partnerships The Company manages or holds investments in certain private equity funds and hedge funds. With these entities, the Company serves as the investment manager and is entitled to receive at-market investment management fees and at-market contingent performance fees. The Company does not consolidate any of these investment funds for which it is not considered to be the primary beneficiary. In addition, the Company does not consolidate the funds in which its involvement takes a form of a limited partner interest and is restricted to a role of a passive investor, as a limited partner's interest does not provide the Company with any substantive kick-out or participating rights, nor does it provide the Company with power to direct the activities of the fund. The following table presents the carrying amounts on a continuing basis of the variable interests in VIEs in which the Company concluded that it holds a variable interest, but is not the primary beneficiary as of the dates indicated. The Company determines its maximum exposure to loss to be: (i) the amount invested in the debt or equity of the VIE and (ii) other commitments and guarantees to the VIE. Variable Interests on the Consolidated Balance Sheet December 31, 2019 December 31, 2018 Carrying Amount Maximum exposure to loss Carrying Amount Maximum exposure to loss Fixed maturities, available for sale $ 377 $ 377 $ 466 $ 466 Limited partnership/corporations 1,290 1,290 982 982 Securitizations The Company invests in various tranches of securitization entities, including RMBS, CMBS and ABS. Through its investments, the Company is not obligated to provide any financial or other support to these entities. Each of the RMBS, CMBS and ABS entities are thinly capitalized by design and considered VIEs. The Company's involvement with these entities is limited to that of a passive investor. The Company has no unilateral right to appoint or remove the servicer, special servicer, or investment manager, which are generally viewed to have the power to direct the activities that most significantly impact the securitization entities' economic performance, in any of these entities, nor does the Company function in any of these roles. The Company, through its investments or other arrangements, does not have the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the entity. Therefore, the Company is not the primary beneficiary and does not consolidate any of the RMBS, CMBS and ABS entities in which it holds investments. These investments are accounted for as investments available-for-sale as described in the Fair Value Measurements (excluding Consolidated Investment Entities) Note to these Consolidated Financial Statements and unrealized capital gains (losses) on these securities are recorded directly in AOCI, except for certain RMBS which are accounted for under the FVO whose change in fair value is reflected in Other net realized gains (losses) in the Consolidated Statements of Operations. The Company’s maximum exposure to loss on these structured investments is limited to the amount of its investment. Refer to the Investments (excluding Consolidated Investment Entities) Note to these Consolidated Financial Statements for details regarding the carrying amounts and classifications of these assets.

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring Organizational Restructuring As a result of the closing of the 2018 Transaction, the decision to cease new sales following the strategic review of the Company’s Individual Life business and the additional cost savings targets announced in November 2018, the Company has undertaken restructuring efforts to execute the 2018 Transaction, reduce stranded expenses, as well as improve operational efficiency, strengthen technology capabilities and centralize certain sales, operations and investment management activities ("Organizational Restructuring"). The initiatives associated with the closing of the 2018 Transaction and the decision to cease new sales following the strategic review of the Company’s Individual Life business concluded during 2019. These activities have resulted in recognition of severance and organizational transition costs and are reflected in Operating expenses in the Consolidated Statements of Operations, but excluded from Adjusted operating earnings before income taxes. These expenses are classified as a component of Other adjustments to Income (loss) from continuing operations before income taxes and consequently are not included in the adjusted operating results of the Company's segments. For the years ended December 31, 2019 and 2018 , the Company incurred Organizational Restructuring expenses of $201 and $49 and associated with continuing operations. The summary below presents Organizational Restructuring expenses, pre-tax, by type of costs incurred, for the periods indicated: Years Ended December 31, Cumulative Amounts Incurred to Date 2019 2018 2017 Severance benefits $ 39 $ 15 $ 4 $ 58 Organizational transition costs 162 40 — 202 Total restructuring expenses $ 201 $ 55 $ 4 $ 260 Including the expense of $201 for the year ended December 31, 2019 , the aggregate amount of additional Organizational Restructuring expenses expected is in the range of $250 to $300 . The Company anticipates that these costs, which will include severance, organizational transition costs incurred to reorganize operations and other costs such as contract terminations and asset write-offs, will occur at least through the end of 2020. The following table presents the accrued liability associated with Organizational Restructuring expenses as of December 31, 2019 : Severance Benefits Organizational Transition Costs Total Accrued liability as of January 1, 2019 $ 12 $ 9 $ 21 Provision 39 162 201 Payments (21 ) (146 ) (167 ) Accrued liability as of December 31, 2019 $ 30 $ 25 $ 55 Pursuant to the Individual Life Transaction, the Company will divest or dissolve five regulated insurance entities, including its life companies domiciled in Colorado and Indiana, and captive entities domiciled in Arizona and Missouri. The Company will also divest Voya America Equities LLC, a regulated broker-dealer, and transfer or cease usage of a substantial number of administrative systems. The Company will undertake further restructuring efforts to reduce stranded expenses associated with its Individual Life business as well as its corporate and shared services functions. Through the closing of the Individual Life Transaction, the Company anticipates incurring additional restructuring expenses directly related to the disposition. These collective costs, which include severance, transition and other costs, cannot currently be estimated but could be material. Refer to the Business Held for Sale and Discontinued Operation Note to these Consolidated Financial statement for further information. 2016 Restructuring In 2016, the Company began implementing a series of initiatives designed to make it a simpler, more agile company able to deliver an enhanced customer experience ("2016 Restructuring"). These initiatives include an increasing emphasis on less capital-intensive products and the achievement of operational synergies. Substantially all of the initiatives associated with the 2016 Restructuring program concluded at the end of 2018. Total 2016 Restructuring expenses are reflected in Operating expenses in the Consolidated Statements of Operations, but excluded from Adjusted operating earnings before income taxes. These expenses are classified as a component of Other adjustments to Income (loss) from continuing operations before income taxes and consequently are not included in the adjusted operating results of the Company's segments. The summary below presents 2016 Restructuring expense, pre-tax, by type of costs incurred, for the periods indicated: Years Ended December 31, Cumulative Amounts Incurred to Date (1) 2019 2018 2017 Severance benefits $ — $ 9 $ 34 $ 69 Asset write-off costs — 1 16 17 Transition costs — 7 17 24 Other costs 8 13 15 44 Total restructuring expenses $ 8 $ 30 $ 82 $ 154 (1) Cumulative amounts incurred to date include $26 of severance benefits and $8 of other costs incurred during the year ended December 31, 2016. The following table presents the accrued liability associated with 2016 Restructuring expenses as of December 31, 2019 : Severance Benefits Transition Costs Other Costs Total Accrued liability as of January 1, 2019 $ 8 $ 14 $ 2 $ 24 Provision — — 8 8 Payments (4 ) (6 ) (10 ) (20 ) Accrued liability as of December 31, 2019 $ 4 $ 8 $ — $ 12

Segments

Segments	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segments	Segments On December 18, 2019, the Company entered into the Resolution MTA with Resolution Life US to sell several of its subsidiaries and the related Individual Life and fixed and variable annuities businesses within these subsidiaries. Additionally, on June 1, 2018, the Company consummated a series of transactions pursuant to a MTA (the "2018 MTA") to sell substantially all of its fixed and fixed indexed annuities businesses. See the Business Held for Sale and Discontinued Operations Note to these Consolidated Financial Statements. As such, the Company will no longer report its Life Insurance business as a segment. The Company revised prior period information to conform to current period presentation. The Company provides its principal products and services through three segments: Retirement, Investment Management and Employee Benefits. These segments reflect the manner by which the Company’s chief operating decision maker views and manages the business. A brief description of these segments follows. The Retirement segment provides tax-deferred, employer-sponsored retirement savings plans and administrative services to corporate, education, healthcare, other non-profit and government entities, and stable value products to institutional clients where the Company may or may not be providing defined contribution products and services, as well as individual retirement accounts ("IRAs"), other retail financial products and comprehensive financial services to individual customers. The Investment Management segment provides investment products and retirement solutions across a broad range of geographies, market sectors, investment styles and capitalization spectrums. Products and services are offered to institutional clients, including public, corporate and union retirement plans, endowments and foundations and insurance companies, as well as individual investors and general accounts of the Company's insurance subsidiaries and are distributed through the Company's direct sales force, consultant channel and intermediary partners (such as banks, broker-dealers and independent financial advisers). The Employee Benefits segment provides stop loss, group life, voluntary employee-paid and disability products to mid-sized and large businesses. The Company includes in Corporate the following corporate and business activities: • corporate operations, corporate level assets and financial obligations; financing and interest expenses; dividend payments made to preferred shareholders; stranded costs and other items not allocated or directly related to the Company's segments, including items such as expenses of its Organizational Restructuring and 2016 Restructuring programs described in the Restructuring Note of these Consolidated Financial Statements, certain expenses and liabilities of employee benefit plans, certain adjustments to short-term and long-term incentive accruals and intercompany eliminations; • investment income on assets backing surplus in excess of amounts held at the segment level; • revenues and expenses related to a run-off block of guaranteed investment contracts ("GICs") and funding agreements as well as Residual Runoff Business. Measurement Adjusted operating earnings before income taxes . The Company believes that Adjusted operating earnings before income taxes provides a meaningful measure of its business and segment performance and enhances the understanding of the Company’s financial results by focusing on the operating performance and trends of the underlying business segments and excluding items that tend to be highly variable from period to period based on capital market conditions or other factors. The Company uses the same accounting policies and procedures to measure segment Adjusted operating earnings before income taxes as it does for the directly comparable U.S. GAAP measure, which is Income (loss) from continuing operations before income taxes. Adjusted operating earnings before income taxes does not replace Income (loss) from continuing operations before income taxes as a measure of the Company’s consolidated results of operations. Therefore, the Company believes that it is useful to evaluate both Income (loss) from continuing operations before income taxes and Adjusted operating earnings before income taxes when reviewing the Company’s financial and operating performance. Each segment’s Adjusted operating earnings before income taxes is calculated by adjusting Income (loss) from continuing operations before income taxes for the following items: • Net investment gains (losses), net of related amortization of DAC, VOBA, sales inducements and unearned revenue, which are significantly influenced by economic and market conditions, including interest rates and credit spreads, and are not indicative of normal operations. Net investment gains (losses) include gains (losses) on the sale of securities, impairments, changes in the fair value of investments using the FVO unrelated to the implied loan-backed security income recognition for certain mortgage-backed obligations and changes in the fair value of derivative instruments, excluding realized gains (losses) associated with swap settlements and accrued interest; • Net guaranteed benefit hedging gains (losses), which are significantly influenced by economic and market conditions and are not indicative of normal operations, include changes in the fair value of derivatives related to guaranteed benefits, net of related reserve increases (decreases) and net of related amortization of DAC, VOBA and sales inducements, less the estimated cost of these benefits. The estimated cost, which is reflected in adjusted operating earnings, reflects the expected cost of these benefits if markets perform in line with the Company's long-term expectations and includes the cost of hedging. Other derivative and reserve changes related to guaranteed benefits are excluded from adjusted operating earnings, including the impacts related to changes in the Company's nonperformance spread; • Income (loss) related to businesses exited or to be exited through reinsurance or divestment, which includes gains and (losses) associated with transactions to exit blocks of business within continuing operations (including net investment gains (losses) on securities sold and expenses directly related to these transactions) and residual run-off activity (including an insignificant number of Individual Life, Annuities and CBVA policies that were not part of the Individual Life and 2018 Transactions). Excluding this activity, which also includes amortization of intangible assets related to businesses exited or to be exited, better reveals trends in the Company's core business and more closely aligns Adjusted operating earnings before income taxes with how the Company manages its segments; • Income (loss) attributable to noncontrolling interest represents the interest of shareholders, other than those of the Company, in consolidated entities. Income (loss) attributable to noncontrolling interest represents such shareholders' interests in the gains and (losses) of those entities, or the attribution of results from consolidated VIEs or VOEs to which the Company is not economically entitled; • Dividend payments made to preferred shareholders are included as reductions to reflect the Adjusted operating earnings that is available to common shareholders; • Income (loss) related to early extinguishment of debt, which includes losses incurred as a result of transactions where the Company repurchases outstanding principal amounts of debt; these losses are excluded from Adjusted operating earnings before income taxes since the outcome of decisions to restructure debt are not indicative of normal operations; • Impairment of goodwill, value of management contract rights and value of customer relationships acquired, which includes losses as a result of impairment analysis; these represent losses related to infrequent events and do not reflect normal, cash-settled expenses; • Immediate recognition of net actuarial gains (losses) related to the Company's pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments, which includes actuarial gains and losses as a result of differences between actual and expected experience on pension plan assets or projected benefit obligation during a given period. The Company immediately recognizes actuarial gains and (losses) related to pension and other postretirement benefit obligations and gains and losses from plan adjustments and curtailments. These amounts do not reflect normal, cash-settled expenses and are not indicative of current Operating expense fundamentals; and • Other items not indicative of normal operations or performance of the Company's segments or related to events such as capital or organizational restructurings undertaken to achieve long-term economic benefits, including certain costs related to debt and equity offerings, acquisition / merger integration expenses, severance and other expenses associated with such activities. These items vary widely in timing, scope and frequency between periods as well as between companies to which the Company is compared. Accordingly, the Company adjusts for these items as management believes that these items distort the ability to make a meaningful evaluation of the current and future performance of the Company's segments. The summary below reconciles Adjusted operating earnings before income taxes for the segments to Income (loss) from continuing operations before income taxes for the periods indicated: Year Ended December 31, 2019 2018 2017 Income (loss) from continuing operations before income taxes $ 560 $ 528 $ 385 Less Adjustments: Net investment gains (losses) and related charges and adjustments 25 (124 ) (112 ) Net guaranteed benefit hedging gains (losses) and related charges and adjustments (14 ) 62 46 Income (loss) related to businesses exited or to be exited through reinsurance or divestment 98 (40 ) 59 Income (loss) attributable to noncontrolling interest 50 145 217 Income (loss) related to early extinguishment of debt (12 ) (40 ) (4 ) Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments 3 (47 ) (16 ) Dividend payments made to preferred shareholders 28 — — Other adjustments (209 ) (79 ) (97 ) Total adjustments to income (loss) from continuing operations (31 ) (123 ) 93 Adjusted operating earnings before income taxes by segment: Retirement $ 588 $ 701 $ 456 Investment Management 180 205 248 Employee Benefits 199 160 127 Corporate (376 ) (415 ) (539 ) Total $ 591 $ 651 $ 292 Adjusted operating revenues is a measure of the Company's segment revenues. Each segment's Adjusted operating revenues are calculated by adjusting Total revenues to exclude the following items: • Net investment gains (losses) and related charges and adjustments, which are significantly influenced by economic and market conditions, including interest rates and credit spreads, and are not indicative of normal operations. Net investment gains (losses) include gains (losses) on the sale of securities, impairments, changes in the fair value of investments using the FVO unrelated to the implied loan-backed security income recognition for certain mortgage-backed obligations and changes in the fair value of derivative instruments, excluding realized gains (losses) associated with swap settlements and accrued interest. These are net of related amortization of unearned revenue; • Gain (loss) on change in fair value of derivatives related to guaranteed benefits, which is significantly influenced by economic and market conditions and not indicative of normal operations, includes changes in the fair value of derivatives related to guaranteed benefits, less the estimated cost of these benefits. The estimated cost, which is reflected in Adjusted operating revenues, reflects the expected cost of these benefits if markets perform in line with the Company's long-term expectations and includes the cost of hedging. Other derivative and reserve changes related to guaranteed benefits are excluded from Adjusted operating revenues, including the impacts related to changes in the Company's nonperformance spread; • Revenues related to businesses exited or to be exited through reinsurance or divestment, which includes revenues associated with transactions to exit blocks of business within continuing operations (including net investment gains (losses) on securities sold related to these transactions) and residual run-off activity (including an insignificant number of Individual Life, Annuities and CBVA policies that were not part of the Individual Life and 2018 Transactions). Excluding this activity better reveals trends in the Company's core business and more closely aligns Adjusted operating revenues with how the Company manages its segments; • Revenues attributable to noncontrolling interest represents the interests of shareholders, other than those of the Company, in consolidated entities. Revenues attributable to noncontrolling interest represents such shareholders' interests in the revenues of those entities, or the attribution of results from consolidated VIEs or VOEs to which the Company is not economically entitled; and • Other adjustments to Total revenues primarily reflect fee income earned by the Company's broker-dealers for sales of non-proprietary products, which are reflected net of commission expense in the Company's segments’ operating revenues, other items where the income is passed on to third parties and the elimination of intercompany investment expenses included in operating revenues. The summary below reconciles Adjusted operating revenues for the segments to Total revenues for the periods indicated: Year Ended December 31, 2019 2018 2017 Total revenues $ 7,476 $ 7,163 $ 7,229 Adjustments: Net realized investment gains (losses) and related charges and adjustments 18 (148 ) (132 ) Gain (loss) on change in fair value of derivatives related to guaranteed benefits (13 ) 63 46 Revenues related to businesses exited or to be exited through reinsurance or divestment 1,531 1,446 1,618 Revenues attributable to noncontrolling interest 109 214 321 Other adjustments 321 238 193 Total adjustments to revenues 1,966 1,813 2,046 Adjusted operating revenues by segment: Retirement $ 2,712 $ 2,727 $ 2,538 Investment Management 675 683 731 Employee Benefits 2,026 1,849 1,767 Corporate 97 91 147 Total $ 5,510 $ 5,350 $ 5,183 Other Segment Information The Investment Management segment revenues include the following intersegment revenues, primarily consisting of asset-based management and administration fees for the periods indicated: Year Ended December 31, 2019 2018 2017 Investment management intersegment revenues $ 104 $ 101 $ 103 The summary below presents Total assets for the Company’s segments as of the dates indicated: December 31, 2019 December 31, 2018 Retirement $ 118,024 $ 104,995 Investment Management 745 690 Employee Benefits 3,117 2,560 Corporate 25,206 25,185 Total assets, before consolidation (1) 147,092 133,430 Consolidation of investment entities 1,890 1,955 Total assets, excluding assets held for sale 148,982 135,385 Assets held for sale 20,069 20,045 Total assets $ 169,051 $ 155,430 (1) Total assets, before consolidation includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information The accompanying condensed consolidating financial information has been prepared and presented pursuant to SEC Regulation S-X, Rule 3-10, "Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered" ("Rule 3-10"). The condensed consolidating financial information presents the financial position of Voya Financial, Inc. ("Parent Issuer"), Voya Holdings ("Subsidiary Guarantor") and all other subsidiaries ("Non-Guarantor Subsidiaries") of the Company as of December 31, 2019 and 2018 , and their results of operations, comprehensive income and cash flows for the years ended December 31, 2019 , 2018 and 2017 . The 5.7% senior notes due 2043, the 3.65% senior notes due 2026, the 4.8% senior notes due 2046, the 3.125% senior notes due 2024 (collectively, the "Senior Notes"), the 5.65% fixed-to-floating rate junior subordinated notes due 2053 and the 4.7% fixed-to-floating junior subordinated notes due 2048 (collectively, the "Junior Subordinated Notes"), each issued by Parent Issuer, are fully and unconditionally guaranteed by Subsidiary Guarantor, a 100% owned subsidiary of Parent Issuer. No other subsidiary of Parent Issuer guarantees the Senior Notes or the Junior Subordinated Notes. Rule 3-10(h) provides that a guarantee is full and unconditional if, when the issuer of a guaranteed security has failed to make a scheduled payment, the guarantor is obligated to make the scheduled payment immediately and, if it does not, any holder of the guaranteed security may immediately bring suit directly against the guarantor for payment of amounts due and payable. In the event that Parent Issuer does not fulfill the guaranteed obligations, any holder of the Senior Notes or the Junior Subordinated Notes may immediately bring a claim against Subsidiary Guarantor for amounts due and payable. The following condensed consolidating financial information is presented in conformance with the components of the Consolidated Financial Statements. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. Equity in the subsidiaries is therefore reflected in the Parent Issuer's and Subsidiary Guarantor's Investment in subsidiaries and Equity in earnings of subsidiaries. Non-Guarantor Subsidiaries represent all other subsidiaries on a combined basis. The consolidating adjustments presented herein eliminate investments in subsidiaries and intercompany balances and transactions. Condensed Consolidating Balance Sheet December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ 5 $ — $ 39,673 $ (15 ) $ 39,663 Fixed maturities, at fair value using the fair value option — — 2,707 — 2,707 Equity securities, at fair value — — 196 — 196 Short-term investments — — 68 — 68 Mortgage loans on real estate, net of valuation allowance — — 6,878 — 6,878 Policy loans — — 776 — 776 Limited partnerships/corporations 4 — 1,286 — 1,290 Derivatives 49 — 267 — 316 Investments in subsidiaries 11,003 8,493 — (19,496 ) — Other investments — — 385 — 385 Securities pledged — — 1,408 — 1,408 Total investments 11,061 8,493 53,644 (19,511 ) 53,687 Cash and cash equivalents 212 — 969 — 1,181 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,384 — 1,395 Accrued investment income — — 505 — 505 Premium receivable and reinsurance recoverable — — 3,732 — 3,732 Deferred policy acquisition costs and Value of business acquired — — 2,226 — 2,226 Deferred income taxes 816 39 603 — 1,458 Loans to subsidiaries and affiliates 164 — 69 (233 ) — Due from subsidiaries and affiliates 2 — 6 (8 ) — Other assets 7 — 895 — 902 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,632 — 1,632 Cash and cash equivalents — — 68 — 68 Corporate loans, at fair value using the fair value option — — 513 — 513 Other assets — — 13 — 13 Assets held in separate accounts — — 81,670 — 81,670 Assets held for sale — — 20,069 — 20,069 Total assets $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet (Continued) December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,945 $ — $ 9,945 Contract owner account balances — — 40,923 — 40,923 Payables under securities loan and repurchase agreements, including collateral held — — 1,373 — 1,373 Short-term debt 69 87 78 (233 ) 1 Long-term debt 2,669 371 17 (15 ) 3,042 Derivatives 50 — 353 — 403 Pension and other postretirement provisions — — 468 — 468 Current income taxes 28 (17 ) 16 — 27 Due to subsidiaries and affiliates 4 — 2 (6 ) — Other liabilities 45 10 1,292 (2 ) 1,345 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 474 — 474 Other liabilities — — 652 — 652 Liabilities related to separate accounts — — 81,670 — 81,670 Liabilities held for sale — — 18,498 — 18,498 Total liabilities 2,865 451 155,761 (256 ) 158,821 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 9,408 8,081 11,415 (19,496 ) 9,408 Noncontrolling interest — — 822 — 822 Total shareholders' equity 9,408 8,081 12,237 (19,496 ) 10,230 Total liabilities and shareholders' equity $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ — $ — $ 36,912 $ (15 ) $ 36,897 Fixed maturities, at fair value using the fair value option — — 2,233 — 2,233 Equity securities, at fair value 99 — 148 — 247 Short-term investments — — 126 — 126 Mortgage loans on real estate, net of valuation allowance — — 7,281 — 7,281 Policy loans — — 814 — 814 Limited partnerships/corporations — — 982 — 982 Derivatives 39 — 155 — 194 Investments in subsidiaries 10,099 7,060 — (17,159 ) — Other investments — — 379 — 379 Securities pledged — — 1,462 — 1,462 Total investments 10,237 7,060 50,492 (17,174 ) 50,615 Cash and cash equivalents 209 2 1,026 — 1,237 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,282 — 1,293 Accrued investment income — — 529 — 529 Premium receivable and reinsurance recoverable — — 3,843 — 3,843 Deferred policy acquisition costs and Value of business acquired — — 2,973 — 2,973 Current income taxes (37 ) 26 28 — 17 Deferred income taxes 553 22 1,035 — 1,610 Loans to subsidiaries and affiliates 79 — 4 (83 ) — Due from subsidiaries and affiliates 2 — 3 (5 ) — Other assets 13 — 1,014 — 1,027 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,421 — 1,421 Cash and cash equivalents — — 331 — 331 Corporate loans, at fair value using the fair value option — — 542 — 542 Other assets — — 16 — 16 Assets held in separate accounts — — 69,931 — 69,931 Assets held for sale — — 20,045 — 20,045 Total assets $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430 Condensed Consolidating Balance Sheet (Continued) December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,587 $ — $ 9,587 Contract owner account balances — — 41,183 — 41,183 Payables under securities loan and repurchase agreements, including collateral held — — 1,366 — 1,366 Short-term debt 4 — 80 (83 ) 1 Long-term debt 2,763 371 17 (15 ) 3,136 Derivatives 39 — 125 — 164 Pension and other postretirement provisions — — 551 — 551 Due to subsidiaries and affiliates 1 — 2 (3 ) — Other liabilities 47 55 1,275 (2 ) 1,375 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 540 — 540 Other liabilities — — 688 — 688 Liabilities related to separate accounts — — 69,931 — 69,931 Liabilities held for sale — — 17,903 — 17,903 Total liabilities 2,854 426 143,248 (103 ) 146,425 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 8,213 6,684 10,475 (17,159 ) 8,213 Noncontrolling interest — — 792 — 792 Total shareholders' equity 8,213 6,684 11,267 (17,159 ) 9,005 Total liabilities and shareholders' equity $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 39 $ — $ 2,765 $ (12 ) $ 2,792 Fee income — — 1,969 — 1,969 Premiums — — 2,273 — 2,273 Net realized capital gains (losses): Total other-than-temporary impairments — — (65 ) — (65 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (1 ) — (1 ) Net other-than-temporary impairments recognized in earnings — — (64 ) — (64 ) Other net realized capital gains (losses) (1 ) — (101 ) — (102 ) Total net realized capital gains (losses) (1 ) — (165 ) — (166 ) Other revenue — — 465 — 465 Income (loss) related to consolidated investment entities: Net investment income — — 143 — 143 Total revenues 38 — 7,450 (12 ) 7,476 Benefits and expenses: Policyholder benefits — — 2,583 — 2,583 Interest credited to contract owner account balances — — 1,167 — 1,167 Operating expenses 12 — 2,734 — 2,746 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 199 — 199 Interest expense 151 29 8 (12 ) 176 Operating expenses related to consolidated investment entities: Interest expense — — 38 — 38 Other expense — — 7 — 7 Total benefits and expenses 163 29 6,736 (12 ) 6,916 Income (loss) from continuing operations before income taxes (125 ) (29 ) 714 — 560 Income tax expense (benefit) (277 ) (27 ) 99 — (205 ) Income (loss) from continuing operations 152 (2 ) 615 — 765 Income (loss) from discontinued operations, net of tax — (83 ) (983 ) — (1,066 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates 152 (85 ) (368 ) — (301 ) Equity in earnings (losses) of subsidiaries, net of tax (503 ) 431 — 72 — Net income (loss) (351 ) 346 (368 ) 72 (301 ) Less: Net income (loss) attributable to noncontrolling interest — — 50 — 50 Net income (loss) available to Voya Financial, Inc. (351 ) 346 (418 ) 72 (351 ) Less: Preferred stock dividends 28 — — — 28 Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ 346 $ (418 ) $ 72 $ (379 ) Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 1 $ 1 $ 2,676 $ (9 ) $ 2,669 Fee income — — 1,982 — 1,982 Premiums — — 2,132 — 2,132 Net realized capital gains (losses): Total other-than-temporary impairments — — (27 ) — (27 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — 1 — 1 Net other-than-temporary impairments recognized in earnings — — (28 ) — (28 ) Other net realized capital gains (losses) — — (327 ) — (327 ) Total net realized capital gains (losses) — — (355 ) — (355 ) Other revenue (5 ) — 448 — 443 Income (loss) related to consolidated investment entities: Net investment income — — 292 — 292 Total revenues (4 ) 1 7,175 (9 ) 7,163 Benefits and expenses: Policyholder benefits — — 2,364 — 2,364 Interest credited to contract owner account balances — — 1,162 — 1,162 Operating expenses 11 — 2,595 — 2,606 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 233 — 233 Interest expense 175 53 2 (9 ) 221 Operating expenses related to consolidated investment entities: Interest expense — — 41 — 41 Other expense — — 8 — 8 Total benefits and expenses 186 53 6,405 (9 ) 6,635 Income (loss) from continuing operations before income taxes (190 ) (52 ) 770 — 528 Income tax expense (benefit) — (24 ) 400 (339 ) 37 Income (loss) from continuing operations (190 ) (28 ) 370 339 491 Income (loss) from discontinued operations, net of tax — — 529 — 529 Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (190 ) (28 ) 899 339 1,020 Equity in earnings (losses) of subsidiaries, net of tax 1,065 1,615 — (2,680 ) — Net income (loss) 875 1,587 899 (2,341 ) 1,020 Less: Net income (loss) attributable to noncontrolling interest — — 145 — 145 Net income (loss) available to Voya Financial, Inc. 875 1,587 754 (2,341 ) 875 Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 875 $ 1,587 $ 754 $ (2,341 ) $ 875 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 33 $ — $ 2,621 $ (13 ) $ 2,641 Fee income — — 1,889 — 1,889 Premiums — — 2,097 — 2,097 Net realized capital gains (losses): Total other-than-temporary impairments — — (29 ) — (29 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (9 ) — (9 ) Net other-than-temporary impairments recognized in earnings — — (20 ) — (20 ) Other net realized capital gains (losses) — — (189 ) — (189 ) Total net realized capital gains (losses) — — (209 ) — (209 ) Other revenue 8 1 370 — 379 Income (loss) related to consolidated investment entities: Net investment income — — 432 — 432 Total revenues 41 1 7,200 (13 ) 7,229 Benefits and expenses: Policyholder benefits — — 2,422 — 2,422 Interest credited to contract owner account balances — — 1,236 — 1,236 Operating expenses 9 — 2,553 — 2,562 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 353 — 353 Interest expense 155 37 5 (13 ) 184 Operating expenses related to consolidated investment entities: Interest expense — — 80 — 80 Other expense — — 7 — 7 Total benefits and expenses 164 37 6,656 (13 ) 6,844 Income (loss) from continuing operations before income taxes (123 ) (36 ) 544 — 385 Income tax expense (benefit) 113 3 571 — 687 Income (loss) from continuing operations (236 ) (39 ) (27 ) — (302 ) Income (loss) from discontinued operations, net of tax — — (2,473 ) — (2,473 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (236 ) (39 ) (2,500 ) — (2,775 ) Equity in earnings (losses) of subsidiaries, net of tax (2,756 ) (2,623 ) — 5,379 — Net income (loss) (2,992 ) (2,662 ) (2,500 ) 5,379 (2,775 ) Less: Net income (loss) attributable to noncontrolling interest — — 217 — 217 Net income (loss) available to Voya Financial, Inc. (2,992 ) (2,662 ) (2,717 ) 5,379 (2,992 ) Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (2,992 ) $ (2,662 ) $ (2,717 ) $ 5,379 $ (2,992 ) Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ (351 ) $ 346 $ (368 ) $ 72 $ (301 ) Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities 3,013 2,290 3,013 (5,303 ) 3,013 Other-than-temporary impairments 3 2 3 (5 ) 3 Pension and other postretirement benefits liability (4 ) (2 ) (4 ) 6 (4 ) Other comprehensive income (loss), before tax 3,012 2,290 3,012 (5,302 ) 3,012 Income tax expense (benefit) related to items of other comprehensive income (loss) 631 479 631 (1,110 ) 631 Other comprehensive income (loss), after tax 2,381 1,811 2,381 (4,192 ) 2,381 Comprehensive income (loss) 2,030 2,157 2,013 (4,120 ) 2,080 Less: Comprehensive income (loss) attributable to noncontrolling interest — — 50 — 50 Comprehensive income (loss) attributable to Voya Financial, Inc. $ 2,030 $ 2,157 $ 1,963 $ (4,120 ) $ 2,030 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 875 $ 1,587 $ 899 $ (2,341 ) $ 1,020 Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities (2,810 ) (2,143 ) (2,810 ) 4,953 (2,810 ) Other-than-temporary impairments 32 30 32 (62 ) 32 Pension and other postretirement benefits liability (11 ) (2 ) (11 ) 13 (11 ) Other comprehensive income (loss), before tax (2,789 ) (2,115 ) (2,789 ) 4,904 (2,789 ) Income tax expense (benefit) related to items of other comprehensive income (loss) (693 ) (412 ) (694 ) 1,106 (693 ) Other comprehensive income (loss), after tax (2,096 ) (1,703 ) (2,095 ) 3,798 (2,096 ) Comprehensive income (loss) (1,221 ) (116 ) (1,196 ) 1,457 (1,076 ) Less: Comprehensive income (loss) attributable to noncontrolling interest — — 145 — 145 Comprehensive income (loss) attributable to Voya Financial, Inc. $ (1,221 ) $ (116 ) $ (1,341 ) $ 1,457 $ (1,221 ) Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ (2,992 ) $ (2,662 ) $ (2,500 ) $ 5,379 $ (2,775 ) Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities 1,191 813 1,191 (2,004 ) 1,191 Other-than-temporary impairments (2 ) (5 ) (2 ) 7 (2 ) Pension and other postretirement benefits liability (15 ) (3 ) (15 ) 18 (15 ) Other comprehensive income (loss), before tax 1,174 805 1,174 (1,979 ) 1,174 Income tax expense (benefit) related to items of other comprehensive income (loss) 364 258 364 (622 ) 364 Other comprehensive income (loss), after tax 810 547 810 (1,357 ) 810 Comprehensive income (loss) (2,182 ) (2,115 ) (1,690 ) 4,022 (1,965 ) Less: Comprehensive income (loss) attributable to noncontrolling interest — — 217 — 217 Comprehensive income (loss) attributable to Voya Financial, Inc. $ (2,182 ) $ (2,115 ) $ (1,907 ) $ 4,022 $ (2,182 ) Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (110 ) $ 445 $ 1,430 $ (455 ) $ 1,310 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 6,423 — 6,423 Equity securities 156 — 7 — 163 Mortgage loans on real estate — — 1,153 — 1,153 Limited partnerships/corporations — — 205 — 205 Acquisition of: Fixed maturities (5 ) — (6,450 ) — (6,455 ) Equity securities (35 ) — (20 ) — (55 ) Mortgage loans on real estate — — (760 ) — (760 ) Limited partnerships/corporations (4 ) — (399 ) — (403 ) Short-term investments, net — — 58 — 58 Derivatives, net — — (29 ) — (29 ) Sales from consolidated investment entities — — 586 — 586 Purchases within consolidated investment entities — — (1,385 ) — (1,385 ) Maturity (issuance) of short-term intercompany loans, net (85 ) — (65 ) 150 — Return of capital contributions and dividends from subsidiaries 1,064 437 — (1,501 ) — Capital contributions to subsidiaries (3 ) (57 ) — 60 — Collateral received (delivered), net — — (95 ) — (95 ) Other, net — — (35 ) — (35 ) Net cash used in investing activities - discontinued operations — (128 ) (498 ) — (626 ) Net cash provided by (used in) investing activities 1,088 252 (1,304 ) (1,291 ) (1,255 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 4,383 — 4,383 Maturities and withdrawals from investment contracts — — (5,180 ) — (5,180 ) Settlements on deposit contracts — — (8 ) — (8 ) Repayment of debt with maturities of more than three months (106 ) — (7 ) — (113 ) Net (repayments of) proceeds from short-term intercompany loans 65 87 (1 ) (151 ) — Return of capital contributions and dividends to parent — (786 ) (1,171 ) 1,957 — Contributions of capital from parent — — 60 (60 ) — Borrowings of consolidated investment entities — — 1,106 — 1,106 Repayments of borrowings of consolidated investment entities — — (903 ) — (903 ) Contributions from (distributions to) participants in consolidated investment entities — — 715 — 715 Proceeds from issuance of common stock, net 3 — — — 3 Proceeds from issuance of preferred stock, net 293 — — — 293 Share-based compensation (22 ) — — — (22 ) Common stock acquired - Share repurchase (1,136 ) — — — (1,136 ) Dividends paid on common stock (44 ) — — — (44 ) Dividends paid on preferred stock (28 ) — — — (28 ) Net cash provided by financing activities - discontinued operations — — 813 — 813 Net cash (used in) provided by financing activities (975 ) (699 ) (193 ) 1,746 (121 ) Net increase (decrease) in cash and cash equivalents 3 (2 ) (67 ) — (66 ) Cash and cash equivalents, beginning of period 209 2 1,327 — 1,538 Cash and cash equivalents, end of period 212 — 1,260 — 1,472 Less: Cash and cash equivalents of discontinued operations, end of period — — 291 — 291 Cash and cash equivalents of continuing operations, end of period $ 212 $ — $ 969 $ — $ 1,181 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (27 ) $ 311 $ 1,978 $ (394 ) $ 1,868 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 6,419 — 6,419 Equity securities, available-for-sale 34 — 118 — 152 Mortgage loans on real estate — — 895 — 895 Limited partnerships/corporations — — 318 — 318 Acquisition of: Fixed maturities — — (7,513 ) — (7,513 ) Equity securities, available-for-sale (36 ) — (21 ) — (57 ) Mortgage loans on real estate — — (643 ) — (643 ) Limited partnerships/corporations — — (318 ) — (318 ) Short-term investments, net 212 — 61 — 273 Derivatives, net — — 72 — 72 Sales from consolidated investments entities — — 1,365 — 1,365 Purchases within consolidated investment entities — — (994 ) — (994 ) Maturity (issuance) of short-term intercompany loans, net 111 — 414 (525 ) — Return of capital contributions and dividends from subsidiaries 1,155 151 — (1,306 ) — Capital contributions to subsidiaries (55 ) (55 ) — 110 — Collateral (delivered) received, net — — (28 ) — (28 ) Other, net (13 ) 1 3 — (9 ) Net cash provided by (used in) investing activities - discontinued operations — 331 (545 ) — (214 ) Net cash provided by (used in) investing activities 1,408 428 (397 ) (1,721 ) (282 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 4,884 — 4,884 Maturities and withdrawals from investment contracts — — (4,799 ) — (4,799 ) Settlements on deposit contracts — — (10 ) — (10 ) Proceeds from issuance of debt with maturities of more than three months 350 — (62 ) — 288 Repayment of debt with maturities of more than three months (623 ) (87 ) 33 — (677 ) Debt issuance costs (6 ) — — — (6 ) Net (repayments of) proceeds from short-term intercompany loans (414 ) (68 ) (43 ) 525 — Return of capital contributions and dividends to parent — (638 ) (1,062 ) 1,700 — Contributions of capital from parent — 55 55 (110 ) — Borrowings of consolidated investment entities — — 773 — 773 Repayments of borrowings of consolidated investment entities — — (656 ) — (656 ) Contributions from (distributions to) participants in consolidated investment entities — — (166 ) — (166 ) Proceeds from issuance of common stock, net 3 — — — 3 Proceeds from issuance of preferred stock, net 319 — — — 319 Share-based compensation (14 ) — — — (14 ) Common stock acquired - Share repurchase (1,025 ) — — — (1,025 ) Dividends paid on common stock (6 ) — — — (6 ) Net cash used in financing activities - discontinued operations — — (672 ) — (672 ) Net cash (used in) provided by financing activities (1,416 ) (738 ) (1,725 ) 2,115 (1,764 ) Net (decrease) increase in cash and cash equivalents (35 ) 1 (144 ) — (178 ) Cash and cash equivalents, beginning of period 244 1 1,471 — 1,716 Cash and cash equivalents, end of period 209 2 1,327 — 1,538 Less: Cash and cash equivalents of discontinued operations, end of period — — 301 — 301 Cash and cash equivalents of continuing operations, end of period $ 209 $ 2 $ 1,026 $ — $ 1,237 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (18 ) $ 138 $ 1,694 $ (232 ) $ 1,582 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 7,001 — 7,001 Equity securities, available-for-sale 25 — 29 — 54 Mortgage loans on real estate — — 851 — 851 Limited partnerships/corporations — — 211 — 211 Acquisition of: Fixed maturities — — (6,445 ) — (6,445 ) Equity securities, available-for-sale (34 ) — (11 ) — (45 ) Mortgage loans on real estate — — (1,478 ) — (1,478 ) Limited partnerships/corporations — — (302 ) — (302 ) Short-term investments, net — — (28 ) — (28 ) Derivatives, net — — 203 — 203 Sales from consolidated investments entities — — 2,047 — 2,047 Purchases within consolidated investment entities — — (2,036 ) — (2,036 ) Issuance of intercompany loans with maturities more than three months (34 ) — — 34 — Maturity of intercompany loans with maturities more than three months 34 — — (34 ) — Maturity (issuance) of short-term intercompany loans, net 87 — (408 ) 321 — Return of capital contributions and dividends from subsidiaries 1,020 1,024 — (2,044 ) — Capital contributions to subsidiaries (467 ) (47 ) — 514 — Collateral (delivered) received, net — — (205 ) — (205 ) Other, net — — 5 — 5 Net cash used in investing activities - discontinued operations — — (2,261 ) — (2,261 ) Net cash provided by (used in) investing activities 631 977 (2,827 ) (1,209 ) (2,428 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 3,593 — 3,593 Maturities and withdrawals from investment contracts — — (4,763 ) — (4,763 ) Proceeds from issuance of debt with maturities of more than three months 399 — (61 ) — 338 Repayment of debt with maturities of more than three months (494 ) — 33 — (461 ) Debt issuance costs (3 ) — — — (3 ) Repayments of intercompany loans with maturities of more than three months — — (34 ) 34 — Proceeds of intercompany loans with maturities of more than three months — — 34 (34 ) — Net proceeds from (repayments of) short-term intercompany loans 408 (143 ) 56 (321 ) — Return of capital contributions and dividends to parent — (1,020 ) (1,256 ) 2,276 — Contributions of capital from parent — 47 467 (514 ) — Borrowings of consolidated investment entities — — 967 — 967 Repayments of borrowings of consolidated investment entities — — (804 ) — (804 ) Contributions from (distributions to) participants in consolidated investment entities — — 449 — 449 Proceeds from issuance of common stock, net 3 — — — 3 Share-based compensation (8 ) — — — (8 ) Common stock acquired - Share repurchase (923 ) — — — (923 ) Dividends paid on common stock (8 ) — — — (8 ) Net cash provided by financing activities - discontinued operations — — 1,271 — 1,271 Net cash (used in) provided by financing activities (626 ) (1,116 ) (48 ) 1,441 (349 ) Net decrease in cash and cash equivalents (13 ) (1 ) (1,181 ) — (1,195 ) Cash and cash equivalents, beginning of period 257 2 2,652 — 2,911 Cash and cash equivalents, end of period 244 1 1,471 — 1,716 Less: Cash and cash equivalents of discontinued operations, end of period — — 862 — 862 Cash and cash equivalents of continuing operations, end of period $ 244 $ 1 $ 609 $ — $ 854

Selected Consolidated Unaudited

Selected Consolidated Unaudited Quarterly Financial Data	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Selected Consolidated Unaudited Quarterly Financial Data	Selected Consolidated Unaudited Quarterly Financial Data The unaudited quarterly results of operations for 2019 and 2018 are summarized in the table below: Three Months Ended, March 31, June 30, September 30, December 31, ($ in millions, except per share amounts) 2019 Total revenues $ 1,822 $ 1,969 $ 1,875 $ 1,810 Total benefits and expenses 1,720 1,726 1,726 1,744 Income (loss) from continuing operations before income taxes 102 243 149 66 Income (loss) from discontinued operations, net of tax (20 ) 42 (4 ) (1,084 ) Net income (loss) 73 252 140 (766 ) Less: Net income (loss) attributable to noncontrolling interest (1 ) 26 19 6 Net income (loss) available to Voya Financial, Inc. 74 226 121 (772 ) Less: Preferred stock dividends 10 — 14 4 Net income (loss) available to Voya Financial, Inc.'s common shareholders 64 226 107 (776 ) Earnings Per Share Basic Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.57 $ 1.27 $ 0.80 $ 2.29 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (0.14 ) $ 0.29 $ (0.03 ) $ (8.06 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ 0.44 $ 1.57 $ 0.77 $ (5.76 ) Diluted Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.56 $ 1.22 $ 0.77 $ 2.17 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (0.13 ) $ 0.28 $ (0.03 ) $ (7.62 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ 0.42 $ 1.51 $ 0.74 $ (5.45 ) Three Months Ended, March 31, June 30, September 30, December 31, ($ in millions, except per share amounts) 2018 Total revenues $ 1,661 $ 1,761 $ 1,890 $ 1,851 Total benefits and expenses 1,653 1,596 1,661 1,725 Income (loss) from continuing operations before income taxes 8 165 229 126 Income (loss) from discontinued operations, net of tax 440 92 (32 ) 29 Net income (loss) 446 229 168 177 Less: Net income (loss) attributable to noncontrolling interest — 62 26 57 Net income (loss) available to Voya Financial, Inc. 446 167 142 120 Less: Preferred stock dividends — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders 446 167 142 120 Earnings Per Share Basic Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.03 $ 0.45 $ 1.09 $ 0.60 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ 2.56 $ 0.55 $ (0.20 ) $ 0.18 Income (loss) available to Voya Financial, Inc.'s common shareholders $ 2.59 $ 1.00 $ 0.89 $ 0.78 Diluted Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.03 $ 0.43 $ 1.06 $ 0.58 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ 2.47 $ 0.53 $ (0.19 ) $ 0.18 Income (loss) available to Voya Financial, Inc.'s common shareholders $ 2.50 $ 0.96 $ 0.87 $ 0.76

Schedule I - Summary of Investm

Schedule I - Summary of Investments Other than Investments in Affiliates	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Abstract]
Schedule I - Summary of Investments Other than Investments in Affiliates	Voya Financial, Inc. Schedule I Summary of Investments Other than Investments in Affiliates As of December 31, 2019 (In millions) Type of Investments Cost Fair Value Amount Shown on Consolidated Balance Sheet Fixed maturities: U.S. Treasuries $ 1,074 $ 1,382 $ 1,382 U.S. Government agencies and authorities 74 95 95 State, municipalities, and political subdivisions 1,220 1,323 1,323 U.S. corporate public securities 12,980 14,938 14,938 U.S. corporate private securities 5,568 6,035 6,035 Foreign corporate public securities and foreign governments (1) 3,887 4,341 4,341 Foreign corporate private securities (1) 4,545 4,831 4,831 Residential mortgage-backed securities 4,999 5,204 5,204 Commercial mortgage-backed securities 3,402 3,574 3,574 Other asset-backed securities 2,058 2,055 2,055 Total fixed maturities, including securities pledged 39,807 43,778 43,778 Equity securities, available-for-sale 196 196 196 Short-term investments 68 68 68 Mortgage loans on real estate 6,878 7,262 6,878 Policy loans 776 776 776 Limited partnerships/corporations 1,290 1,290 1,290 Derivatives 34 316 316 Other investments 385 456 385 Total investments $ 49,434 $ 54,142 $ 53,687 (1) Primarily U.S. dollar denominated.

Schedule II - Condensed Financi

Schedule II - Condensed Financial Information of Parent	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Schedule II - Condensed Financial Information of Parent	Schedule II Condensed Financial Information of Parent Balance Sheets December 31, 2019 and 2018 (In millions, except share and per share data) As of December 31, 2019 2018 Assets Investments: Fixed maturities, available-for-sale, at fair value (amortized cost of $5 as of 2019 and $0 as of 2018 $ 5 $ — Equity securities, at fair value (amortized cost of $0 as of 2019 and $99 as of 2018) — 99 Limited partnerships/corporations 4 — Derivatives 49 39 Investments in subsidiaries 11,003 10,099 Total investments 11,061 10,237 Cash and cash equivalents 212 209 Short-term investments under securities loan agreements, including collateral delivered 11 11 Loans to subsidiaries and affiliates 164 79 Due from subsidiaries and affiliates 2 2 Deferred income taxes 816 553 Other assets 7 13 Total assets $ 12,273 $ 11,104 Liabilities and Shareholders' Equity Short-term debt $ 69 $ 4 Long-term debt 2,669 2,763 Derivatives 50 39 Due to subsidiaries and affiliates 4 1 Current income taxes 28 37 Other liabilities 45 47 Total liabilities 2,865 2,891 Shareholders' equity: Preferred stock ($0.01 par value per share; $625 and $325 aggregate liquidation preference as of 2019 and 2018, respectively) — — Common stock ($0.01 par value per share; 900,000,000 shares authorized; 140,726,677 and 272,431,745 shares issued as of 2019 and 2018, respectively; 132,325,790 and 150,978,184 shares outstanding as of 2019 and 2018, respectively) 2 3 Treasury stock (at cost; 8,400,887 and 121,453,561 shares as of 2019 and 2018, respectively) (460 ) (4,981 ) Additional paid-in capital 11,184 24,316 Accumulated other comprehensive income (loss) 3,331 607 Retained earnings (deficit): Unappropriated (4,649 ) (11,732 ) Total Voya Financial, Inc. shareholders' equity 9,408 8,213 Total liabilities and shareholders' equity $ 12,273 $ 11,104 The accompanying notes are an integral part of this Condensed Financial Information. Voya Financial, Inc. Schedule II Condensed Financial Information of Parent Statements of Operations For the Years Ended December 31, 2019 , 2018 and 2017 (In millions) Year Ended December 31, 2019 2018 2017 Revenues: Net investment income $ 39 $ 1 $ 33 Net realized capital gains (losses) (1 ) — — Other revenue — (5 ) 8 Total revenues 38 (4 ) 41 Expenses: Interest expense 151 175 155 Other expenses 12 11 9 Total expenses 163 186 164 Income (loss) before income taxes and equity in earnings (losses) of subsidiaries (125 ) (190 ) (123 ) Income tax expense (benefit) (277 ) — 113 Net income (loss) before equity in earnings (losses) of subsidiaries 152 (190 ) (236 ) Equity in earnings (losses) of subsidiaries, net of tax (503 ) 1,065 (2,756 ) Net income (loss) available to Voya Financial, Inc. (351 ) 875 (2,992 ) Less: Preferred stock dividends 28 — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ 875 $ (2,992 ) The accompanying notes are an integral part of this Condensed Financial Information. Voya Financial, Inc. Schedule II Condensed Financial Information of Parent Statements of Comprehensive Income For the Years Ended December 31, 2019 , 2018 and 2017 (In millions) Year Ended December 31, 2019 2018 2017 Net income (loss) available to Voya Financial, Inc. $ (351 ) $ 875 $ (2,992 ) Other comprehensive income (loss), after tax 2,381 (2,096 ) 810 Comprehensive income (loss) attributable to Voya Financial, Inc. $ 2,030 $ (1,221 ) $ (2,182 ) The accompanying notes are an integral part of this Condensed Financial Information. Voya Financial, Inc. Schedule II Condensed Financial Information of Parent Statements of Cash Flows For the Years Ended December 31, 2019 , 2018 and 2017 (In millions) Year Ended December 31, 2019 2018 2017 Cash Flows from Operating Activities: Net income (loss) available to Voya Financial, Inc. $ (351 ) $ 875 $ (2,992 ) Adjustments to reconcile Net income (loss) available to Voya Financial, Inc. to Net cash used in operating activities: Equity in (earnings) losses of subsidiaries 503 (1,065 ) 2,756 Dividends from subsidiaries — 52 73 Deferred income tax expense (benefit) (263 ) 25 131 Net realized capital losses 1 — — Share-based compensation 12 3 — Change in: Other receivables and asset accruals (10 ) 40 32 Due from subsidiaries and affiliates — — 1 Due to subsidiaries and affiliates 3 — 1 Other payables and accruals (24 ) (3 ) (18 ) Other, net 19 46 (2 ) Net cash used in operating activities (110 ) (27 ) (18 ) Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of equity securities 156 34 25 Acquisition of: Fixed maturities (5 ) — — Equity securities (35 ) (36 ) (34 ) Limited partnerships/corporations (4 ) — — Short-term investments, net — 212 — Issuance of intercompany loans with maturities more than three months — — (34 ) Maturity of intercompany loans issued to subsidiaries with maturities more than three months — — 34 Maturity (issuance) of short-term intercompany loans, net (85 ) 111 87 Return of capital contributions and dividends from subsidiaries 1,064 1,155 1,020 Capital contributions to subsidiaries (3 ) (55 ) (467 ) Other, net — (13 ) — Net cash provided by investing activities 1,088 1,408 631 The accompanying notes are an integral part of this Condensed Financial Information. Voya Financial, Inc. Schedule II Condensed Financial Information of Parent Statements of Cash Flows (Continued) For the Years Ended December 31, 2019, 2018 and 2017 (In millions) Year Ended December 31, 2019 2018 2017 Cash Flows from Financing Activities: Proceeds from issuance of debt with maturities of more than three months — 350 399 Repayment of debt with maturities of more than three months (106 ) (623 ) (494 ) Debt issuance costs — (6 ) (3 ) Net proceeds from (repayments of) short-term loans to subsidiaries 65 (414 ) 408 Proceeds from issuance of common stock, net 3 3 3 Proceeds from issuance of preferred stock, net 293 319 — Share-based compensation (22 ) (14 ) (8 ) Common stock acquired - Share repurchase (1,136 ) (1,025 ) (923 ) Dividends paid on common stock (44 ) (6 ) (8 ) Dividends paid on preferred stock (28 ) — — Net cash used in financing activities (975 ) (1,416 ) (626 ) Net increase (decrease) in cash and cash equivalents 3 (35 ) (13 ) Cash and cash equivalents, beginning of period 209 244 257 Cash and cash equivalents, end of period $ 212 $ 209 $ 244 Supplemental cash flow information: Income taxes paid (received), net $ (128 ) $ 1 $ (154 ) Interest paid 136 152 138 The accompanying notes are an integral part of this Condensed Financial Information. 1. Business and Basis of Presentation The condensed financial information of Voya Financial, Inc. should be read in conjunction with the consolidated financial statements of Voya Financial, Inc. and its subsidiaries (collectively the "Company") and the notes thereto (the "Consolidated Financial Statements"). The accompanying financial information reflects the results of operations, financial position and cash flows for Voya Financial, Inc. The financial information is in conformity with accounting principles generally accepted in the United States, which require management to adopt accounting policies and make certain estimates and assumptions. Investments in subsidiaries are accounted for using the equity method of accounting. 2. Loans to Subsidiaries Voya Financial, Inc. maintains reciprocal loan agreements with subsidiaries to facilitate unanticipated short-term cash requirements that arise in the ordinary course of business. The following table summarizes the carrying value of Voya Financial, Inc.'s loans to subsidiaries for the periods indicated: As of December 31, Subsidiaries Rate Maturity Date 2019 2018 Voya Alternative Asset Management LLC 0.02 % 12/30/2019 $ — $ 2 Voya Custom Investments LLC 2.80 % 01/30/2020 1 — Voya Capital 2.60 % 01/07/2020 9 4 Voya Investment Management, LLC 2.80 % 01/24/2020 53 51 Voya Payroll Management, Inc. 2.53 % 01/02/2020 7 6 Voya Holdings Inc. 2.68 % 01/10/2020 30 — Voya Holdings Inc. 2.78 % 01/30/2020 57 — Security Life of Denver International Limited 2.53 % 01/02/2020 — 16 Voya Services Company 2.53 % 01/02/2020 7 — Total $ 164 $ 79 Interest income earned on loans to subsidiaries was $6 , $5 and $8 for the years ended December 31, 2019 , 2018 and 2017 , respectively. Interest income is included in Net investment income in the Condensed Statements of Operations. 3. Financing Agreements Debt Securities The following table summarizes Voya Financial, Inc.'s short-term debt borrowings for the periods indicated: As of December 31, 2019 2018 Intercompany financing - Subsidiaries $ 69 $ 4 Total $ 69 $ 4 Intercompany financing Under the reciprocal loan agreements with subsidiaries, interest is charged at the prevailing market interest rate for similar third-party borrowings for securities. As of December 31, 2019 and 2018 , Voya Financial, Inc. was in compliance with its debt covenants. See Financing Agreements Note to these Consolidated Financial Statements for further information regarding long-term debt and the five-year maturities of long-term debt. Credit Facilities Voya Financial, Inc. uses credit facilities to provide collateral required primarily under its affiliated reinsurance transactions with captive insurance subsidiaries. As of December 31, 2019 , unsecured and uncommitted credit facilities totaled $425 , and unsecured and committed facilities totaled $4.5 billion . Voya Financial, Inc. additionally has $10 of secured facilities. Of the aggregate $5.0 billion capacity available, Voya Financial, Inc. utilized $3.8 billion in credit facilities outstanding as of December 31, 2019 . Total fees associated with credit facilities in 2019 , 2018 and 2017 totaled $32 , $28 and $39 , respectively. Guarantees In the normal course of business, Voya Financial, Inc. enters into indemnification agreements with financial institutions that issue surety bonds on behalf of Voya Financial, Inc. or its subsidiaries in connection with litigation matters. Voya Financial, Inc. provides credit support to its Roaring River IV, LLC ("Roaring River IV") captive reinsurance subsidiary through a surplus maintenance agreement with a third-party bank in connection with a financing arrangement involving $565 of statutory reserves which matures December 31, 2028. The reimbursement agreement requires Voya Financial, Inc. to cause capital to be maintained in Roaring River IV Holding LLC, the intermediate holding company of Roaring River IV, and in Roaring River IV. These amounts will vary over time based on a percentage of Roaring River IV in force life insurance. Upon closing the transaction, we expect to unwind this financing arrangement, and this guarantee will therefore terminate. In addition, Voya Financial, Inc. provides guarantees to certain of its subsidiaries to support various business requirements: • Under the Buyer Facility Agreement put into place by Hannover Re, Voya Financial, Inc. and SLDI have contingent reimbursement obligations and Voya Financial, Inc. has guarantee obligations, up to the full $2.9 billion principal amount of the note and one $600 letter of credit issued pursuant to the agreement, if SLD or SLDI were to direct the sale or liquidation of the note other than as permitted by the Buyer Facility Agreement, or fail to return reinsurance collateral (including the note) upon termination of the Buyer Facility Agreement or as otherwise required by the Buyer Facility Agreement. In addition, Voya Financial, Inc. has agreed to indemnify Hannover Re for any losses it incurs in the event that SLD or SLDI were to exercise offset rights unrelated to the Hannover Re block. We expect to restructure this guarantee arrangement in connection with the Individual Life Transaction. • Voya Financial, Inc. has also entered into a corporate guarantee agreement with a third-party ceding insurer where it guarantees the reinsurance obligations of its subsidiary, SLD, assumed under a reinsurance agreement with the third-party cedent for the amount of the statutory reserves assumed by SLD. The current amount of reserves outstanding as of December 31, 2019 is $13 . We expect to restructure this guarantee arrangement in connection with the Individual Life Transaction. • Voya Financial, Inc. guarantees the obligations of Voya Holdings under the $13 principal amount of 8.42% Series B Capital Securities due April 1, 2027 (the "Equitable Notes"), and provides a back-to-back guarantee to ING Group in respect of its guarantee of $358 combined principal amount of Aetna Notes. • Voya Financial, Inc. and Voya Holdings provide a guarantee to certain Voya insurance subsidiaries of VIAC’s payment obligations to those subsidiaries under certain VIAC surplus notes held by those subsidiaries. The agreement provides for Voya and Voya Holdings to reimburse the applicable subsidiary to the extent that any interest on, principal of, or any redemption payment with respect to such surplus note is unpaid by VIAC on its scheduled date of payment. There were no assets or liabilities recognized by Voya Financial, Inc. as of December 31, 2019 and 2018 in relation to these intercompany indemnifications, guarantees or support agreements. As of December 31, 2019 and 2018 , no circumstances existed in which Voya Financial, Inc. was required to currently perform under these arrangements. 4. Returns of Capital and Dividends Voya Financial, Inc. received returns of capital and dividends from the following subsidiaries for the periods indicated: Years Ended December 31, 2019 2018 2017 Voya Holdings Inc. (1) $ 786 $ 708 $ 1,020 Security Life of Denver International Ltd 228 425 — Security Life of Denver Insurance Company — 52 73 Voya Financial Products Company, Inc. — 12 — Voya Services Company (2) 50 85 — Total $ 1,064 $ 1,282 $ 1,093 (1) The year ended December 31, 2018 included $70 of non-cash activities. (2) The year ended December 31, 2018 included $5 of non-cash activities. 5. Income Taxes As of December 31, 2019 and 2018 , Voya Financial, Inc. held deferred tax assets related to loss and credit carryforwards, some of which have not been realized by its subsidiaries but have been reimbursed to the subsidiaries by Voya Financial, Inc. pursuant to the intercompany tax sharing agreement. The total deferred tax assets were primarily comprised of federal net operating loss, state net operating loss and credit carryforwards. Valuation allowances have been applied to these deferred tax assets as of December 31, 2019 and 2018 . Character, amount and estimated expiration date of the carryforwards and the related allowances are disclosed in the Income Taxes Note to the Consolidated Financial Statements. As of December 31, 2019 and 2018 , Voya Financial, Inc. has recognized deferred tax assets of $816 and $553 , respectively, primarily related to federal net operating loss carryforwards in 2018 and 2019. Tax Sharing Agreement Voya Financial, Inc. has entered into a federal tax sharing agreement with members of an affiliated group as defined in Section 1504 of the Internal Revenue Code of 1986, as amended. The agreement provides for the manner of calculation and the amounts/timing of the payments between the parties as well as other related matters in connection with the filing of consolidated federal income tax returns. The federal tax sharing agreement provides that Voya Financial, Inc. will pay its subsidiaries for the tax benefits of ordinary and capital losses only in the event that the consolidated tax group actually uses the tax benefit of losses generated. Voya Financial, Inc. has also entered into a state tax sharing agreement with each of the specific subsidiaries that are parties to the agreement. The state tax agreement applies to situations in which Voya Financial, Inc. and all or some of the subsidiaries join in the filing of a state or local franchise, income tax, or other tax return on a consolidated, combined or unitary basis.

Schedule III - Supplementary In

Schedule III - Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]
Schedule III - Supplementary Insurance Information	Voya Financial, Inc. Schedule III Supplementary Insurance Information As of December 31, 2019 and 2018 (In millions) Segment DAC and VOBA Future Policy Benefits and Contract Owner Account Balances Unearned Premiums (1) 2019 Retirement $ 667 $ 34,008 $ — Investment Management — — — Employee Benefits 117 2,133 (1 ) Corporate 1,442 14,727 — Total $ 2,226 $ 50,868 $ (1 ) 2018 Retirement $ 1,271 $ 34,064 $ — Investment Management 1 — — Employee Benefits 99 2,109 (1 ) Corporate 1,602 14,597 — Total $ 2,973 $ 50,770 $ (1 ) (1) Represents unearned premiums associated with short-duration products of the Company's accident and health business. Voya Financial, Inc. Schedule III Supplementary Insurance Information Years Ended December 31, 2019 , 2018 and 2017 (In millions) Segment Net Investment Income (1)(2) Premiums and Fee Income (1)(2) Interest Credited and Other Benefits to Contract Owners Amortization of DAC and VOBA Other Operating Expenses (1)(2) Premiums Written (Excluding Life) 2019 Retirement $ 2,029 $ 881 $ 1,067 $ 96 $ 1,373 $ — Investment Management 12 641 — 4 565 — Employee Benefits 112 1,920 1,405 16 406 1,361 Corporate 639 800 1,278 83 402 — Total $ 2,792 $ 4,242 $ 3,750 $ 199 $ 2,746 $ 1,361 2018 Retirement $ 1,971 $ 879 $ 908 $ 117 $ 1,284 $ — Investment Management (27 ) 663 — 3 555 — Employee Benefits 113 1,741 1,317 17 356 1,187 Corporate 612 831 1,301 96 411 — Total $ 2,669 $ 4,114 $ 3,526 $ 233 $ 2,606 $ 1,187 2017 Retirement $ 1,918 $ 750 $ 1,043 $ 238 $ 1,140 $ — Investment Management (33 ) 675 — 3 558 — Employee Benefits 108 1,663 1,293 11 336 1,155 Corporate 648 898 1,322 101 528 — Total $ 2,641 $ 3,986 $ 3,658 $ 353 $ 2,562 $ 1,155 (1) Includes the elimination of certain intersegment revenues and expenses, primarily consisting of asset-based management and administration fees, which have been charged by Investment Management and eliminated in Corporate. (2) Includes the elimination of intercompany transactions between the Company and its consolidated investment entities, primarily the elimination of the Company's management fees expensed by the funds, recorded as operating revenues before the Company's consolidation of its consolidated investment entities and eliminated in the Investment Management segment.

Schedule IV - Reinsurance

Schedule IV - Reinsurance	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Abstract]
Schedule IV - Reinsurance	Voya Financial, Inc. Schedule IV Reinsurance Years Ended December 31, 2019 , 2018 and 2017 (In millions) Gross Ceded Assumed Net Percentage of Assumed to Net 2019 Life insurance in force $ 648,765 $ 245,164 $ 8,377 $ 411,978 2.0 % Premiums: Life insurance $ 1,246 $ 1,151 $ 826 $ 921 89.7 % Accident and health insurance 1,452 162 1 1,291 0.1 % Annuity contracts 61 — — 61 — % Total premiums $ 2,759 $ 1,313 $ 827 $ 2,273 36.4 % 2018 Life insurance in force $ 686,814 $ 256,619 $ 9,034 $ 439,229 2.1 % Premiums: Life insurance $ 1,262 $ 1,288 $ 955 $ 929 102.8 % Accident and health insurance 1,275 138 1 1,138 0.1 % Annuity contracts 65 — — 65 — % Total premiums $ 2,602 $ 1,426 $ 956 $ 2,132 44.8 % 2017 Life insurance in force $ 690,790 $ 258,456 $ 7,750 $ 440,084 1.8 % Premiums: Life insurance $ 1,271 $ 1,510 $ 1,151 $ 912 126.2 % Accident and health insurance 1,051 142 1 910 0.1 % Annuity contracts 275 — — 275 — % Total premiums $ 2,597 $ 1,652 $ 1,152 $ 2,097 54.9 % *Less than $1.

Schedule V - Valuation and Qual

Schedule V - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule V - Valuation and Qualifying Accounts	Voya Financial, Inc. Schedule V Valuation and Qualifying Accounts Years Ended December 31, 2019 , 2018 and 2017 (In millions) Balance at January 1, Charged to Write-offs/ Payments/ Other Balance at December 31, 2019 Valuation allowance on deferred tax assets $ 638 $ (250 ) (1) $ — $ 388 Allowance for losses on commercial mortgage loans 2 (1 ) — 1 2018 Valuation allowance on deferred tax assets $ 653 $ (15 ) $ — $ 638 Allowance for losses on commercial mortgage loans 3 (1 ) — 2 2017 Valuation allowance on deferred tax assets $ 964 $ (311 ) (1) $ — $ 653 Allowance for losses on commercial mortgage loans 3 — — 3 (1) Refer to the Income Taxes Note to the accompanying Consolidated Financial Statements for more information.

Business, Basis of Presentati_2

Business, Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). The Consolidated Financial Statements include the accounts of Voya Financial, Inc. and its subsidiaries, as well as other (voting interest entities ("VOEs")) and variable interest entities ("VIEs") in which the Company has a controlling financial interest. See the Consolidated Investment Entities Note to these Consolidated Financial Statements. Intercompany transactions and balances have been eliminated.
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Those estimates are inherently subject to change and actual results could differ from those estimates. The Company has identified the following accounts and policies as the most significant in that they involve a higher degree of judgment, are subject to a significant degree of variability and/or contain significant accounting estimates: • Reserves for future policy benefits; • Deferred policy acquisition costs ("DAC"), value of business acquired ("VOBA") and other intangibles (collectively, "DAC/VOBA and other intangibles"); • Valuation of investments and derivatives; • Impairments; • Income taxes; • Contingencies; and •
Fair Value Measurement	Fair Value Measurement The Company measures the fair value of its financial assets and liabilities based on assumptions used by market participants in pricing the asset or liability, which may include inherent risk, restrictions on the sale or use of an asset, or nonperformance risk, including the Company's own credit risk. The estimate of fair value is the price that would be received to sell an asset or transfer a liability ("exit price") in an orderly transaction between market participants in the principal market, or the most advantageous market in the absence of a principal market, for that asset or liability. The Company uses a number of valuation sources to determine the fair values of its financial assets and liabilities, including quoted market prices, third-party commercial pricing services, third-party brokers, industry-standard, vendor-provided software that models the value based on market observable inputs, and other internal modeling techniques based on projected cash flows. The following table presents the classifications of financial instruments which are not carried at fair value on the Consolidated Balance Sheets: Financial Instrument Classification Mortgage loans on real estate Level 3 Policy loans Level 2 Other investments Level 2 Funding agreements without fixed maturities and deferred annuities Level 3 Funding agreements with fixed maturities Level 2 Supplementary contracts and immediate annuities Level 3 Short-term debt and Long-term debt Level 2 Notes Payable Level 2
Investments	Investments The accounting policies for the Company's principal investments are as follows: Fixed Maturities and Equity Securities : Effective January 1, 2018, the Company adopted Accounting Standards Update ("ASU") 2016-01 "Financial Instruments-Overall (ASC Subtopic 825-10):Recognition and Measurement of Financial Assets and Financial Liabilities" ("ASU 2016-01") (See the Adoption of New Pronouncements section below). As a result, the Company measures its equity securities at fair value and recognizes any changes in fair value in net income. Prior to adoption, equity securities were designated as available-for-sale and reported at fair value with unrealized capital gains (losses) recorded in Accumulated other comprehensive income (loss) ("AOCI"). The Company's fixed maturities are currently designated as available-for-sale, except those accounted for using the fair value option ("FVO"). Available-for-sale securities are reported at fair value and unrealized capital gains (losses) on these securities are recorded directly in AOCI and presented net of related changes in DAC/VOBA and other intangibles and Deferred income taxes. In addition, certain fixed maturities have embedded derivatives, which are reported with the host contract on the Consolidated Balance Sheets. The Company has elected the FVO for certain of its fixed maturities to better match the measurement of assets and liabilities in the Consolidated Statements of Operations. Certain collateralized mortgage obligations ("CMOs"), primarily interest-only and principal-only strips, are accounted for as hybrid instruments and valued at fair value with changes in the fair value recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Purchases and sales of fixed maturities and equity securities, excluding private placements, are recorded on the trade date. Purchases and sales of private placements and mortgage loans are recorded on the closing date. Investment gains and losses on sales of securities are generally determined on a first-in-first-out ("FIFO") basis. Interest income on fixed maturities is recorded when earned using an effective yield method, giving effect to amortization of premiums and accretion of discounts. Dividends on equity securities are recorded when declared. Such dividends and interest income are recorded in Net investment income in the Consolidated Statements of Operations. Included within fixed maturities are loan-backed securities, including residential mortgage-backed securities ("RMBS"), commercial mortgage-backed securities ("CMBS") and asset-backed securities ("ABS"). Amortization of the premium or discount from the purchase of these securities considers the estimated timing and amount of prepayments of the underlying loans. Actual prepayment experience is periodically reviewed and effective yields are recalculated when differences arise between the prepayments originally anticipated and the actual prepayments received and currently anticipated. Prepayment assumptions for single-class and multi-class mortgage-backed securities ("MBS") and ABS are estimated by management using inputs obtained from third-party specialists, including broker-dealers, and based on management's knowledge of the current market. For prepayment-sensitive securities such as interest-only and principal-only strips, inverse floaters and credit-sensitive MBS and ABS securities, which represent beneficial interests in securitized financial assets that are not of high credit quality or that have been credit impaired, the effective yield is recalculated on a prospective basis. For all other MBS and ABS, the effective yield is recalculated on a retrospective basis. Short-term Investments : Short-term investments include investments with remaining maturities of one year or less, but greater than three months, at the time of purchase. These investments are stated at fair value. Assets Held in Separate Accounts : Assets held in separate accounts are reported at the fair values of the underlying investments in the separate accounts. The underlying investments include mutual funds, short-term investments, cash and fixed maturities. Mortgage Loans on Real Estate : The Company's mortgage loans on real estate are all commercial mortgage loans, which are reported at amortized cost, less impairment write-downs and allowance for losses. If a mortgage loan is determined to be impaired (i.e., when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement), the carrying value of the mortgage loan is reduced to the lower of either the present value of expected cash flows from the loan, discounted at the loan's original purchase yield, or fair value of the collateral. For those mortgages that are determined to require foreclosure, the carrying value is reduced to the fair value of the underlying collateral, net of estimated costs to obtain and sell at the point of foreclosure. The carrying value of the impaired loans is reduced by establishing a permanent write-down recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Property obtained from foreclosed mortgage loans is recorded in Other investments on the Consolidated Balance Sheets. Mortgage loans are evaluated by the Company's investment professionals, including an appraisal of loan-specific credit quality, property characteristics and market trends. Loan performance is continuously monitored on a loan-specific basis throughout the year. The Company's review includes submitted appraisals, operating statements, rent revenues and annual inspection reports, among other items. This review evaluates whether the properties are performing at a consistent and acceptable level to secure the debt. Mortgages are rated for the purpose of quantifying the level of risk. Those loans with higher risk are placed on a watch list and are closely monitored for collateral deficiency or other credit events that may lead to a potential loss of principal or interest. The Company defines delinquent mortgage loans consistent with industry practice as 60 days past due. Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended. Factors considered may include conversations with the borrower, loss of major tenant, bankruptcy of borrower or major tenant, decreased property cash flow, number of days past due, or various other circumstances. Based on an assessment as to the collectability of the principal, a determination is made either to apply against the book value or apply according to the contractual terms of the loan. Funds recovered in excess of book value would then be applied to recover expenses, impairments, and then interest. Accrual of interest resumes after factors resulting in doubts about collectability have improved. The Company records an allowance for probable losses incurred on non-impaired loans on an aggregate basis, rather than specifically identified probable losses incurred by individual loan. Policy Loans : Policy loans are carried at an amount equal to the unpaid balance. Interest income on such loans is recorded as earned in Net investment income using the contractually agreed upon interest rate. Generally, interest is capitalized on the policy's anniversary date. Valuation allowances are not established for policy loans, as these loans are collateralized by the cash surrender value of the associated insurance contracts. Any unpaid principal or interest on the loan is deducted from the account value or the death benefit prior to settlement of the policy. Limited Partnerships/Corporations : The Company uses the equity method of accounting for investments in limited partnership interests that are not consolidated, which primarily consist of investments in private equity funds, hedge funds and other VIEs for which the Company is not the primary beneficiary. Generally, the Company records its share of earnings using a lag methodology, relying on the most recent financial information available, generally not to exceed three months. The Company's earnings from limited partnership interests accounted for under the equity method are recorded in Net investment income. Other Investments : Other investments are comprised primarily of Federal Home Loan Bank ("FHLB") stock and property obtained from foreclosed mortgage loans, as well as other miscellaneous investments. The Company is a member of the FHLB system and is required to own a certain amount of FHLB stock based on the level of borrowings and other factors. FHLB stock is carried at cost, classified as a restricted security and periodically evaluated for impairment based on ultimate recovery of par value. Securities Lending : The Company engages in securities lending whereby certain securities from its portfolio are loaned to other institutions, through a lending agent, for short periods of time. The Company has the right to approve any institution with whom the lending agent transacts on its behalf. Initial collateral, primarily cash, is required at a rate of 102% of the market value of the loaned securities. The lending agent retains the collateral and invests it in short-term liquid assets on behalf of the Company. The market value of the loaned securities is monitored on a daily basis with additional collateral obtained or refunded as the market value of the loaned securities fluctuates. The lending agent indemnifies the Company against losses resulting from the failure of a counterparty to return securities pledged where collateral is insufficient to cover the loss. Impairments The Company evaluates its available-for-sale investments quarterly to determine whether there has been an other-than-temporary decline in fair value below the amortized cost basis. This evaluation process entails considerable judgment and estimation. Factors considered in this analysis include, but are not limited to, the length of time and the extent to which the fair value has been less than amortized cost, the issuer's financial condition and near-term prospects, future economic conditions and market forecasts, interest rate changes and changes in ratings of the security. An extended and severe unrealized loss position on a fixed maturity may not have any impact on: (a) the ability of the issuer to service all scheduled interest and principal payments and (b) the evaluation of recoverability of all contractual cash flows or the ability to recover an amount at least equal to its amortized cost based on the present value of the expected future cash flows to be collected. When assessing the Company's intent to sell a security, or if it is more likely than not it will be required to sell a security before recovery of its amortized cost basis, management evaluates facts and circumstances such as, but not limited to, decisions to rebalance the investment portfolio and sales of investments to meet cash flow or capital needs. When the Company has determined it has the intent to sell, or if it is more likely than not that the Company will be required to sell a security before recovery of its amortized cost basis, and the fair value has declined below amortized cost ("intent impairment"), the individual security is written down from amortized cost to fair value, and a corresponding charge is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations as an other-than-temporary impairment ("OTTI"). If the Company does not intend to sell the security, and it is not more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis, but the Company has determined that there has been an other-than-temporary decline in fair value below the amortized cost basis, the OTTI is bifurcated into the amount representing the present value of the decrease in cash flows expected to be collected ("credit impairment") and the amount related to other factors ("noncredit impairment"). The credit impairment is recorded in Net realized capital gains (losses) in the Consolidated Statements of Operations. The noncredit impairment is recorded in Other comprehensive income (loss). The Company uses the following methodology and significant inputs to determine the amount of the OTTI credit loss: • When determining collectability and the period over which the value is expected to recover for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company applies the same considerations utilized in its overall impairment evaluation process, which incorporates information regarding the specific security, the industry and geographic area in which the issuer operates and overall macroeconomic conditions. Projected future cash flows are estimated using assumptions derived from the Company's best estimates of likely scenario-based outcomes, after giving consideration to a variety of variables that includes, but is not limited to: general payment terms of the security; the likelihood that the issuer can service the scheduled interest and principal payments; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; possible corporate restructurings or asset sales by the issuer; and changes to the rating of the security or the issuer by rating agencies. • Additional considerations are made when assessing the unique features that apply to certain structured securities, such as subprime, Alt-A, non-agency RMBS, CMBS and ABS. These additional factors for structured securities include, but are not limited to: the quality of underlying collateral; expected prepayment speeds; loan-to-value ratios; debt service coverage ratios; current and forecasted loss severity; consideration of the payment terms of the underlying assets backing a particular security; and the payment priority within the tranche structure of the security. • When determining the amount of the credit loss for U.S. and foreign corporate securities, foreign government securities and state and political subdivision securities, the Company considers the estimated fair value as the recovery value when available information does not indicate that another value is more appropriate. When information is identified that indicates a recovery value other than estimated fair value, the Company considers in the determination of recovery value the same considerations utilized in its overall impairment evaluation process, which incorporates available information and the Company's best estimate of scenario-based outcomes regarding the specific security and issuer; possible corporate restructurings or asset sales by the issuer; the quality and amount of any credit enhancements; the security's position within the capital structure of the issuer; fundamentals of the industry and geographic area in which the security issuer operates; and the overall macroeconomic conditions. • The Company performs a discounted cash flow analysis comparing the current amortized cost of a security to the present value of future cash flows expected to be received, including estimated defaults and prepayments. The discount rate is generally the effective interest rate of the fixed maturity prior to impairment. In periods subsequent to the recognition of the credit related impairment components of OTTI on a fixed maturity, the Company accounts for the impaired security as if it had been purchased on the measurement date of the impairment. Accordingly, the discount (or reduced premium) based on the new cost basis is accreted into Net investment income over the remaining term of the fixed maturity in a prospective manner based on the amount and timing of estimated future cash flows.
Derivatives	Derivatives The Company's use of derivatives is limited mainly to economic hedging to reduce the Company's exposure to cash flow variability of assets and liabilities, interest rate risk, credit risk, exchange rate risk and market risk. It is the Company's policy not to offset amounts recognized for derivative instruments and amounts recognized for the right to reclaim cash collateral or the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement. The Company enters into interest rate, equity market, credit default and currency contracts, including swaps, futures, forwards, caps, floors and options, to reduce and manage various risks associated with changes in value, yield, price, cash flow or exchange rates of assets or liabilities held or intended to be held, or to assume or reduce credit exposure associated with a referenced asset, index or pool. The Company also utilizes options and futures on equity indices to reduce and manage risks associated with its universal life-type and annuity products. Derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. Changes in the fair value of derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. To qualify for hedge accounting, at the inception of the hedging relationship, the Company formally documents its risk management objective and strategy for undertaking the hedging transaction, as well as its designation of the hedge as either (a) a hedge of the exposure to changes in the estimated fair value of a recognized asset or liability or an identified portion thereof that is attributable to a particular risk ("fair value hedge") or (b) a hedge of a forecasted transaction or of the variability of cash flows that is attributable to interest rate risk to be received or paid related to a recognized asset or liability ("cash flow hedge"). In this documentation, the Company sets forth how the hedging instrument is expected to hedge the designated risks related to the hedged item and sets forth the method that will be used to retrospectively and prospectively assess the hedging instrument's effectiveness and the method that will be used to measure ineffectiveness. A derivative designated as a hedging instrument must be assessed as being highly effective in offsetting the designated risk of the hedged item. Hedge effectiveness is formally assessed at inception and periodically throughout the life of the designated hedging relationship. • Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. • Cash Flow Hedge : For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Consolidated Statements of Operations as impacted by the hedged item. When hedge accounting is discontinued because it is determined that the derivative is no longer expected to be highly effective in offsetting changes in the estimated fair value or cash flows of a hedged item, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with subsequent changes in estimated fair value recognized currently in Other net realized capital gains (losses). The carrying value of the hedged asset or liability under a fair value hedge is no longer adjusted for changes in its estimated fair value due to the hedged risk, and the cumulative adjustment to its carrying value is amortized into income over the remaining life of the hedged item. Provided the hedged forecasted transaction is still probable of occurrence, the changes in estimated fair value of derivatives recorded in Other comprehensive income (loss) related to discontinued cash flow hedges are released into the Consolidated Statements of Operations when the Company's earnings are affected by the variability in cash flows of the hedged item. When hedge accounting is discontinued because it is no longer probable that the forecasted transactions will occur on the anticipated date, or within two months of that date, the derivative continues to be carried on the Consolidated Balance Sheets at its estimated fair value, with changes in estimated fair value recognized currently in Other net realized capital gains (losses). Derivative gains and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses). The Company also has investments in certain fixed maturities and has issued certain universal life-type and annuity products that contain embedded derivatives for which fair value is at least partially determined by levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity markets or credit ratings/spreads. Embedded derivatives within fixed maturities are included with the host contract on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. Embedded derivatives within certain universal life-type and annuity products are included in Future policy benefits on the Consolidated Balance Sheets, and changes in the fair value of the embedded derivatives are recorded in Other net realized capital gains (losses) in the Consolidated Statements of Operations. In addition, the Company has entered into coinsurance with funds withheld and modified coinsurance reinsurance arrangements that contain embedded derivatives, the fair value of which is based on the change in the fair value of the underlying assets held in trust. The embedded derivatives within coinsurance with funds withheld reinsurance arrangements and modified coinsurance reinsurance arrangements are reported with the host contract in Other liabilities and Premium receivables and reinsurance recoverable, respectively, on the Consolidated Balance Sheets.Changes in the fair value of embedded derivatives are recorded in Policyholder benefits in the Consolidated Statements of Operations. 4. Derivative Financial Instruments The Company enters into the following types of derivatives: Interest rate caps and floors : The Company uses interest rate cap contracts to hedge the interest rate exposure arising from duration mismatches between assets and liabilities. Interest rate caps are also used to hedge interest rate exposure if rates rise above a specified level. The Company uses interest rate floor contracts to hedge interest rate exposure if rates decrease below a specified level. The Company pays an upfront premium to purchase these caps and floors. The Company utilizes these contracts in non-qualifying hedging relationships. Interest rate swaps : Interest rate swaps are used by the Company primarily to reduce market risks from changes in interest rates and to alter interest rate exposure arising from mismatches between assets and/or liabilities. Interest rate swaps are also used to hedge the interest rate risk associated with the value of assets it owns or in an anticipation of acquiring them. Using interest rate swaps, the Company agrees with another party to exchange, at specified intervals, the difference between fixed rate and floating rate interest payments, calculated by reference to an agreed upon notional principal amount. These transactions are entered into pursuant to master agreements that provide for a single net payment to be made to/from the counterparty at each due date. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Foreign exchange swaps : The Company uses foreign exchange or currency swaps to reduce the risk of change in the value, yield or cash flows associated with certain foreign denominated invested assets. Foreign exchange swaps represent contracts that require the exchange of foreign currency cash flows against U.S. dollar cash flows at regular periods, typically quarterly or semi-annually. The Company utilizes these contracts in qualifying hedging relationships as well as non-qualifying hedging relationships. Credit default swaps : Credit default swaps are used to reduce credit loss exposure with respect to certain assets that the Company owns or to assume credit exposure on certain assets that the Company does not own. Payments are made to, or received from, the counterparty at specified intervals. In the event of a default on the underlying credit exposure, the Company will either receive a payment (purchased credit protection) or will be required to make a payment (sold credit protection) equal to the par minus recovery value of the swap contract. The Company utilizes these contracts in non-qualifying hedging relationships. Total return swaps : The Company uses total return swaps as a hedge against a decrease in variable annuity account values, which are invested in certain indices. Total return swaps are also used as a hedge of other corporate liabilities. Using total return swaps, the Company agrees with another party to exchange, at specified intervals, the difference between the economic risk and reward of assets or a market index and the LIBOR rate, calculated by reference to an agreed upon notional principal amount. No cash is exchanged at the onset of the contracts. Cash is paid and received over the life of the contract based upon the terms of the swaps. The Company utilizes these contracts in non-qualifying hedging relationships. Currency forwards: The Company utilizes currency forward contracts to hedge currency exposure related to its invested assets. The Company utilizes these contracts in non-qualifying hedging relationships. Forwards : The Company uses forward contracts to hedge certain invested assets against movement in interest rates, particularly mortgage rates. The Company uses To Be Announced mortgage-backed securities as an economic hedge against rate movements. The Company utilizes forward contracts in non-qualifying hedging relationships. Futures: Futures contracts are used to hedge against a decrease in certain equity indices. Such decreases may correlate to a decrease in variable annuity account values which would increase the possibility of the Company incurring an expense for guaranteed benefits in excess of account values. The Company also uses interest rate futures contracts to hedge its exposure to market risks due to changes in interest rates. The Company enters into exchange traded futures with regulated futures commissions that are members of the exchange. The Company also posts initial and variation margins, with the exchange, on a daily basis. The Company utilizes exchange-traded futures in non-qualifying hedging relationships. The Company may also use futures contracts as a hedge against an increase in certain equity indices. Swaptions : A swaption is an option to enter into a swap with a forward starting effective date. The Company uses swaptions to hedge the interest rate exposure associated with the minimum crediting rate and book value guarantees embedded in the retirement products that the Company offers. Increases in interest rates will generate losses on assets that are backing such liabilities. In certain instances, the Company locks in the economic impact of existing purchased swaptions by entering into offsetting written swaptions. The Company pays a premium when it purchases the swaption. The Company utilizes these contracts in non-qualifying hedging relationships. Options: The Company uses equity options to hedge against an increase in various equity indices. Such increases may result in increased payments to the holders of the FIA and IUL contracts. The Company pays an upfront premium to purchase these options. The Company utilizes these options in non-qualifying hedging relationships. Currency Options: The Company uses currency option contracts to hedge currency exposure related to its invested assets. The Company utilizes these contracts in non-qualifying hedging relationships. Managed custody guarantees ("MCGs") : The Company issues certain credited rate guarantees on variable fixed income portfolios that represent stand-alone derivatives. The market value is partially determined by, among other things, levels of or changes in interest rates, prepayment rates and credit ratings/spreads. Embedded derivatives : The Company also invests in certain fixed maturity instruments and has issued certain products that contain embedded derivatives for which market value is at least partially determined by, among other things, levels of or changes in domestic and/or foreign interest rates (short-term or long-term), exchange rates, prepayment rates, equity rates or credit ratings/spreads. In addition, the Company has entered into coinsurance with funds withheld and modified coinsurance arrangements, which contain embedded derivatives.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, amounts due from banks and other highly liquid investments, such as money market instruments and debt instruments with maturities of three months or less at the time of purchase. Cash and cash equivalents are stated at fair value. Cash and cash equivalents of VIEs and VOEs are not available for general use by the Company.
Deferred Policy Acquisition Costs and Value of Business Acquired	Deferred Policy Acquisition Costs, Value of Business Acquired and Other Intangibles DAC represents policy acquisition costs that have been capitalized and are subject to amortization and interest. Capitalized costs are incremental, direct costs of contract acquisition and certain other costs related directly to successful acquisition activities. Such costs consist principally of commissions, underwriting, sales and contract issuance and processing expenses directly related to the successful acquisition of new and renewal business. Indirect or unsuccessful acquisition costs, maintenance, product development and overhead expenses are charged to expense as incurred. VOBA represents the outstanding value of in-force business acquired and is subject to amortization and interest. The value is based on the present value of estimated net cash flows embedded in the insurance contracts at the time of the acquisition and increased for subsequent deferrable expenses on purchased policies. Collectively, the Company refers to DAC, VOBA, deferred sales inducements ("DSI") and unearned revenue ("URR") as "DAC/VOBA and other intangibles." (See " Insurance Revenue and Related Benefits" section below). DAC/VOBA and other intangibles are adjusted for the impact of unrealized capital gains (losses) on investments, as if such gains (losses) have been realized, with corresponding adjustments included in AOCI. Amortization Methodologies The Company amortizes DAC and VOBA related to certain traditional life insurance contracts and certain accident and health insurance contracts over the premium payment period in proportion to the present value of expected gross premiums. Assumptions as to mortality, morbidity, persistency and interest rates, which include provisions for adverse deviation, are consistent with the assumptions used to calculate reserves for future policy benefits. These assumptions are "locked-in" at issue and not revised unless the DAC or VOBA balance is deemed to be unrecoverable from future expected profits. Recoverability testing is performed for current issue year products to determine if gross premiums are sufficient to cover DAC or VOBA, estimated benefits and related expenses. In subsequent periods, the recoverability of DAC or VOBA is determined by assessing whether future gross premiums are sufficient to amortize DAC or VOBA, as well as provide for expected future benefits and related expenses. If a premium deficiency is deemed to be present, charges will be applied against the DAC and VOBA balances before an additional reserve is established. Absent such a premium deficiency, variability in amortization after policy issuance or acquisition relates only to variability in premium volumes. The Company amortizes DAC and VOBA related to universal life-type contracts and fixed and variable deferred annuity contracts over the estimated lives of the contracts in relation to the emergence of estimated gross profits. Assumptions as to mortality, persistency, interest crediting rates, fee income, returns associated with separate account performance, impact of hedge performance, expenses to administer the business and certain economic variables, such as inflation, are based on the Company's experience and overall capital markets. At each valuation date, estimated gross profits are updated with actual gross profits, and the assumptions underlying future estimated gross profits are evaluated for continued reasonableness. Adjustments to estimated gross profits require that amortization rates be revised retroactively to the date of the contract issuance ("unlocking"). As of December 31, 2019, $1,478 of DAC/VOBA is amortized in relation to the emergence of estimated gross profits of which $904 and $574 are reported in Deferred policy acquisition costs and Value of business acquired, and Assets held for sale, respectively, on the consolidated balance sheets. For universal life-type contracts and fixed and variable deferred annuity contracts, recoverability testing is performed for current issue year products to determine if gross profits are sufficient to cover DAC/VOBA and other intangibles, estimated benefits and related expenses. In subsequent years, the Company performs testing to assess the recoverability of DAC/VOBA and other intangibles on an annual basis, or more frequently if circumstances indicate a potential loss recognition issue exists. If DAC/VOBA or other intangibles are not deemed recoverable from future gross profits, charges will be applied against the DAC/VOBA or other intangible balances before an additional reserve is established. Internal Replacements Contract owners may periodically exchange one contract for another, or make modifications to an existing contract. These transactions are identified as internal replacements. Internal replacements that are determined to result in substantially unchanged contracts are accounted for as continuations of the replaced contracts. Any costs associated with the issuance of the new contracts are considered maintenance costs and expensed as incurred. Unamortized DAC/VOBA and other intangibles related to the replaced contracts continue to be deferred and amortized in connection with the new contracts. Internal replacements that are determined to result in contracts that are substantially changed are accounted for as extinguishments of the replaced contracts, and any unamortized DAC/VOBA and other intangibles related to the replaced contracts are written off to the same account in which amortization is reported in the Consolidated Statements of Operations. Assumptions Changes in assumptions can have a significant impact on DAC/VOBA and other intangible balances, amortization rates, reserve levels, and results of operations. Assumptions are management’s best estimate of future outcome. Several assumptions are considered significant in the estimation of gross profits associated with the Company's variable products. One significant assumption is the assumed return associated with the variable account performance. To reflect the volatility in the equity markets, this assumption involves a combination of near-term expectations and long-term assumptions regarding market performance. The overall return on the variable account is dependent on multiple factors, including the relative mix of the underlying sub-accounts among bond funds and equity funds, as well as equity sector weightings. The Company uses a reversion to the mean approach, which assumes that the market returns over the entire mean reversion period are consistent with a long-term level of equity market appreciation. The Company monitors market events and only changes the assumption when sustained deviations are expected. This methodology incorporates a 9% long-term equity return assumption, a 14% cap and a five -year look-forward period. Other significant assumptions used in the estimation of gross profits include mortality, and for products with credited rates include interest rate spreads and credit losses. Estimated gross profits of variable annuity contracts are sensitive to mortality and estimated policyholder behavior assumptions, such as surrender, lapse and annuitization rates.
Contract Costs Associated with Certain Financial Services Contracts	Contract Costs Associated with Certain Financial Services Contracts Contract cost assets represent costs incurred to obtain or fulfill a non-insurance financial services contract that are expected to be recovered and, thus, have been capitalized and are subject to amortization. Capitalized contract costs include incremental costs of obtaining a contract and fulfillment costs that relate directly to a contract and generate or enhance resources of the Company that are used to satisfy performance obligations. Capitalized contract costs are amortized on a straight-line basis over the estimated lives of the contracts, which typically range from 5 to 15 years . Capitalized contract costs are included in Other assets on the Consolidated Balance Sheets, and costs expensed as incurred are included in Operating expenses in the Consolidated Statements of Operations. As of December 31, 2019 and 2018 , contract cost assets were $111 and $108 , respectively. For the year s ended December 31, 2019 and 2018 , amortization expense of $25 and $24 , respectively, was recorded in Operating expenses in the Consolidated Statement of Operations. There was no impairment loss in relation to the contract costs capitalized.
Future Policy Benefits and Contract Owner Accounts	Future Policy Benefits and Contract Owner Account Balances Future Policy Benefits The Company establishes and carries actuarially-determined reserves that are calculated to meet its future obligations, including estimates of unpaid claims and claims that the Company believes have been incurred but have not yet been reported as of the balance sheet date. The principal assumptions used to establish liabilities for future policy benefits are based on Company experience and periodically reviewed against industry standards. These assumptions include mortality, morbidity, policy lapse, contract renewal, payment of subsequent premiums or deposits by the contract owner, retirement, investment returns, inflation, benefit utilization and expenses. Changes in, or deviations from, the assumptions used can significantly affect the Company's reserve levels and related results of operations. • Reserves for traditional life insurance contracts (term insurance, participating and non-participating whole life insurance and traditional group life insurance) and accident and health insurance represent the present value of future benefits to be paid to or on behalf of contract owners and related expenses, less the present value of future net premiums. Assumptions as to interest rates, mortality, expenses and persistency are based on the Company's estimates of anticipated experience at the period the policy is sold or acquired, including a provision for adverse deviation. Interest rates used to calculate the present value of these reserves ranged from 2.3% to 7.7% . • Reserves for payout contracts with life contingencies are equal to the present value of expected future payments. Assumptions as to interest rates, mortality and expenses are based on the Company's estimates of anticipated experience at the period the policy is sold or acquired, including a provision for adverse deviation. Such assumptions generally vary by annuity plan type, year of issue and policy duration. Interest rates used to calculate the present value of future benefits ranged from 2.7% to 8.3% . Although assumptions are "locked-in" upon the issuance of traditional life insurance contracts, certain accident and health insurance contracts and payout contracts with life contingencies, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by establishing premium deficiency reserves. Premium deficiency reserves are determined based on best estimate assumptions that exist at the time the premium deficiency reserve is established and do not include a provision for adverse deviation. During the year ended December 31, 2017, as a result of the 2018 Transaction and the sale of substantially all of the Annuities and CBVA businesses discussed above, the Company has evaluated and redefined its contract groupings for loss recognition testing in those businesses. This has resulted in the establishment of premium deficiency reserves of $43 as of December 31, 2017 for the contracts that were not part of the 2018 Transaction. Of that amount, $18 is recorded as an increase in Policyholder benefits in the Consolidated Statement of Operations, with a corresponding increase to Future policy benefits on the Consolidated Balance Sheet, and $25 is reported in Income (loss) from discontinued operations, net of tax in the Consolidated Statement of Operations, with a corresponding amount in Liabilities held for sale on the Consolidated Balance Sheet. Contract Owner Account Balances Contract owner account balances relate to universal life-type and investment-type contracts, as follows: • Account balances for funding agreements with fixed maturities are calculated using the amount deposited with the Company, less withdrawals, plus interest accrued to the ending valuation date. Interest on these contracts is accrued by a predetermined index, plus a spread or a fixed rate, established at the issue date of the contract. • Account balances for universal life-type contracts, including variable universal life ("VUL") contracts, are equal to cumulative deposits, less charges, withdrawals and account values released upon death, plus credited interest thereon. • Account balances for fixed annuities and payout contracts without life contingencies are equal to cumulative deposits, less charges and withdrawals, plus credited interest thereon. Credited interest rates vary by product and ranged up to 7.5% for the years 2019 , 2018 and 2017 . Account balances for group immediate annuities without life contingent payouts are equal to the discounted value of the payment at the implied break-even rate. • For fixed-indexed annuity ("FIA") and indexed universal life ("IUL") contracts, the aggregate initial liability is equal to the deposit received, plus a bonus, if applicable, and is split into a host component and an embedded derivative component. Thereafter, the host liability accumulates at a set interest rate, and the embedded derivative liability is recognized at fair value. Product Guarantees and Additional Reserves The Company calculates additional reserve liabilities for certain universal life-type products, certain variable annuity guaranteed benefits and variable funding products. The Company periodically evaluates its estimates and adjusts the additional liability balance, with a related charge or credit to benefit expense, if actual experience or other evidence suggests that earlier assumptions should be revised. Changes in, or deviations from, the assumptions used can significantly affect the Company's reserve levels and related results of operations. Universal and Variable Life : Reserves for universal life ("UL") and VUL secondary guarantees and paid-up guarantees are calculated by estimating the expected value of death benefits payable and recognizing those benefits ratably over the accumulation period based on total expected assessments. The reserve for such products recognizes the portion of contract assessments received in early years used to compensate the Company for benefits provided in later years. Assumptions used, such as the interest rate, lapse rate and mortality, are consistent with assumptions used in estimating gross profits for purposes of amortizing DAC. Reserves for UL and VUL secondary guarantees and paid-up guarantees are recorded in Future policy benefits on the Consolidated Balance Sheets. The Company also calculates a benefit ratio for each block of business that meets the requirements for additional reserves and calculates an additional reserve by accumulating amounts equal to the benefit ratio multiplied by the assessments for each period, reduced by excess benefits during the period. The additional reserve is accumulated at interest rates consistent with the DAC model for the period. The calculated reserve includes provisions for UL contracts that produce expected gains from the insurance benefit function followed by losses from that function in later years. Additional reserves are recorded in Future policy benefits on the Consolidated Balance Sheets. URR relates to UL and VUL products and represents policy charges for benefits or services to be provided in future periods (see "Recognition of Insurance Revenue and Related Benefits" below). The URR balance is recorded in Contract owner account balances on the Consolidated Balance Sheets. GMDB and GMIB : Reserves for annuity guaranteed minimum death benefits ("GMDB") and guaranteed minimum income benefits ("GMIB") are determined by estimating the value of expected benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected assessments. Expected experience is based on a range of scenarios. Assumptions used, such as the long-term equity market return, lapse rate and mortality, are consistent with assumptions used in estimating gross revenues for the purpose of amortizing DAC. The assumptions of investment performance and volatility are consistent with the historical experience of the appropriate underlying equity index, such as the Standard & Poor's ("S&P") 500 Index. In addition, the reserve for the GMIB incorporates assumptions for the likelihood and timing of the potential annuitizations that may be elected by the contract owner. In general, the Company assumes that GMIB annuitization rates will be higher for policies with more valuable ("in the money") guarantees, where the notional benefit amount is in excess of the account value. Reserves for GMDB and GMIB are recorded in Future policy benefits. Changes in reserves for GMDB and GMIB are reported in Policyholder benefits. GMWBL, GMWB, FIA and IUL : The Company has in force contracts that contain embedded derivatives that are measured at estimated fair value separately from the host contracts. These products include deferred variable annuity contracts containing guaranteed minimum withdrawal benefits with life payouts ("GMWBL") and guaranteed minimum withdrawal benefits without life contingencies ("GMWB") features and FIA and IUL contracts. Embedded derivatives associated with GMWB and GMWBL are recorded in Future policy benefits. Embedded derivatives associated with FIA and IUL contracts are recorded in Contract owner account balances. Changes in estimated fair value, that are not related to attributed fees or premiums collected or payments made, are reported in Other net realized capital gains (losses). At inception of the contracts containing the GMWBL and GMWB features, the Company projects a fee to be attributed to the embedded derivative portion of the guarantee equal to the present value of projected future guaranteed benefits. After inception, the estimated fair value of the GMWBL and GMWB embedded derivatives is determined based on the present value of projected future guaranteed benefits, minus the present value of projected attributed fees. A risk neutral valuation methodology is used under which the cash flows from the guarantees are projected under multiple capital market scenarios using observable risk free rates. The projection of future guaranteed benefits and future attributed fees requires the use of assumptions for capital markets (e.g., implied volatilities, correlation among indices, risk-free swap curve, etc.) and policyholder behavior (e.g., lapse, benefit utilization, mortality, etc.). The estimated fair value of the embedded derivative in the FIA contracts is based on the present value of the excess of interest payments to the contract owners over the growth in the minimum guaranteed contract value. The excess interest payments are determined as the excess of projected index driven benefits over the projected guaranteed benefits. The projection horizon is over the anticipated life of the related contracts, which takes into account best estimate actuarial assumptions, such as partial withdrawals, full surrenders, deaths, annuitizations and maturities. The estimated fair value of the embedded derivative in the IUL contracts is based on the present value of the excess of interest payments to the contract owners over the growth in the minimum guaranteed account value. The excess interest payments are determined as the excess of projected index driven benefits over the projected guaranteed benefits. The projection horizon is over the current index term of the related contracts, which takes into account best estimate actuarial assumptions, such as partial withdrawals, full surrenders, deaths and maturities. Stabilizer and MCG : Guaranteed credited rates give rise to an embedded derivative in the Stabilizer products and a stand-alone derivative for managed custody guarantee products ("MCG"). These derivatives are measured at estimated fair value and recorded in Contract owner account balances on the Consolidated Balance Sheets. Changes in estimated fair value, that are not related to attributed fees collected or payments made, are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. The estimated fair value of the Stabilizer embedded derivative and MCG stand-alone derivative is determined based on the present value of projected future claims, minus the present value of future guaranteed premiums. At inception of the contract, the Company projects a guaranteed premium to be equal to the present value of the projected future claims. The income associated with the contracts is projected using actuarial and capital market assumptions, including benefits and related contract charges, over the anticipated life of the related contracts. The cash flow estimates are projected under multiple capital market scenarios using observable risk-free rates and other best estimate assumptions. The liabilities for the GMWBL, GMWB, FIA, IUL and Stabilizer embedded derivatives and the MCG stand-alone derivative (collectively, "guaranteed benefit derivatives") include a risk margin to capture uncertainties related to policyholder behavior assumptions. The margin represents additional compensation a market participant would require to assume these risks. The discount rate used to determine the fair value of the liabilities for the GMWBL, GMWB, FIA, IUL and Stabilizer embedded derivatives and the MCG stand-alone derivative includes an adjustment to reflect the risk that these obligations will not be fulfilled ("nonperformance risk"). Separate Accounts Separate account assets and liabilities generally represent funds maintained to meet specific investment objectives of contract owners or participants who bear the investment risk, subject, in limited cases, to minimum guaranteed rates. Investment income and investment gains and losses generally accrue directly to such contract owners. The assets of each account are legally segregated and are not subject to claims that arise out of any other business of the Company. Separate account assets supporting variable options under variable annuity contracts are invested, as designated by the contract owner or participant under a contract, in shares of mutual funds that are managed by the Company or in other selected mutual funds not managed by the Company. The Company reports separately, as assets and liabilities, investments held in the separate accounts and liabilities of separate accounts if: • Such separate accounts are legally recognized; • Assets supporting the contract liabilities are legally insulated from the Company's general account liabilities; • Investments are directed by the contract owner or participant; and • All investment performance, net of contract fees and assessments, is passed through to the contract owner. The Company reports separate account assets that meet the above criteria at fair value on the Consolidated Balance Sheets based on the fair value of the underlying investments. Separate account liabilities equal separate account assets. Investment income and net realized and unrealized capital gains (losses) of the separate accounts, however, are not reflected in the Consolidated Statements of Operations, and the Consolidated Statements of Cash Flows do not reflect investment activity of the separate accounts.
Debt	Short-term and Long-term Debt Short-term and long-term debt are carried on the Consolidated Balance Sheets at an amount equal to the unpaid principal balance, net of any remaining unamortized discount or premium and any direct and incremental costs attributable to issuance. Discounts, premiums and direct and incremental costs are amortized as a component of Interest expense in the Consolidated Statements of Operations over the life of the debt using the effective interest method of amortization.
Repurchase Agreements	Repurchase Agreements The Company engages in dollar repurchase agreements with MBS ("dollar rolls") and repurchase agreements with other collateral types to increase its return on investments and improve liquidity. Such arrangements meet the requirements to be accounted for as financing arrangements. The Company enters into dollar roll transactions by selling existing MBS and concurrently entering into an agreement to repurchase similar securities within a short time frame at a lower price. Under repurchase agreements, the Company borrows cash from a counterparty at an agreed upon interest rate for an agreed upon time frame and pledges collateral in the form of securities. At the end of the agreement, the counterparty returns the collateral to the Company, and the Company, in turn, repays the loan amount along with the additional agreed upon interest. The Company's policy requires that at all times during the term of the dollar roll and repurchase agreements that cash or other collateral types obtained is sufficient to allow the Company to fund substantially all of the cost of purchasing replacement assets. Cash received is generally invested in Short-term investments, with the offsetting obligation to repay the loan included within Payables under securities loan and repurchase agreements, including collateral held on the Consolidated Balance Sheets. The carrying value of the securities pledged in dollar rolls and repurchase agreement transactions is included in Securities pledged on the Consolidated Balance Sheets. The primary risk associated with short-term collateralized borrowings is that the counterparty will be unable to perform under the terms of the contract. The Company's exposure is limited to the excess of the net replacement cost of the securities over the value of the short-term investments. The Company believes the counterparties to the dollar rolls and repurchase agreements are financially responsible and that the counterparty risk is minimal.
Recognition of Insurance Revenue and Related Benefits	Recognition of Revenue Insurance Revenue and Related Benefits Premiums related to traditional life insurance contracts and payout contracts with life contingencies are recognized in Premiums in the Consolidated Statements of Operations when due from the contract owner. When premiums are due over a significantly shorter period than the period over which benefits are provided, any gross premium in excess of the net premium (i.e., the portion of the gross premium required to provide for expected future benefits and expenses) is deferred and recognized into revenue in a constant relationship to insurance in force. Benefits are recorded in Policyholder benefits in the Consolidated Statements of Operations when incurred. Amounts received as payment for investment-type, universal life-type, fixed annuities, payout contracts without life contingencies and FIA contracts are reported as deposits to contract owner account balances. Revenues from these contracts consist primarily of fees assessed against the contract owner account balance for mortality and policy administration charges and are reported in Fee income. Surrender charges are reported in Other revenue. In addition, the Company earns investment income from the investment of contract deposits in the Company's general account portfolio, which is reported in Net investment income in the Consolidated Statements of Operations. Fees assessed that represent compensation to the Company for services to be provided in future periods and certain other fees are established as a URR liability and amortized into revenue over the expected life of the related contracts in proportion to estimated gross profits in a manner consistent with DAC for these contracts. URR is reported in Contract owner account balances and amortized into Fee income. Benefits and expenses for these products include claims in excess of related account balances, expenses of contract administration and interest credited to contract owner account balances. Performance-based Capital Allocations on Private Equity Funds Under asset management arrangements for certain of its sponsored private equity funds, the Company, as General Partner, is entitled to receive performance-based capital allocations ("carried interest") when the return on assets under management for such funds exceeds prescribed investment return hurdles or other performance targets. Carried interest is accrued quarterly based on measuring cumulative fund performance against the stated performance hurdle, as if the fund was liquidated at its estimated fair value as of the applicable balance sheet date. Carried interest is subject to adjustment to the extent that subsequent fund performance causes the fund’s cumulative investment return to fall below specified investment return hurdles. In such a circumstance, some or all of the previously accrued carried interest is reversed to the extent that the Company is no longer entitled to the performance-based capital allocation and, if such allocations have been distributed to the Company but are subject to recoupment by the fund, a liability is established for the potential repayment obligation. Financial Services Revenue Revenue for various financial services is measured based on consideration specified in a contract with a customer and is recognized when the Company has satisfied a performance obligation. For advisory, asset management, and recordkeeping and administration services of $1,423 and $1,426 for the years ended December 31, 2019 and 2018 , respectively, the Company recognizes revenue as services are provided, generally over time. For distribution and shareholder servicing revenue of $438 and $469 for the years ended December 31, 2019 and 2018 , respectively, the Company recognizes revenue as related consideration is received and provides distribution services at a point in time and shareholder services over time. Contract terms are typically less than one year, and consideration is variable. For a description of principal activities by reportable segment from which the Company generates revenue, see the Segments Note in these Consolidated Financial Statements for further information. For the year ended December 31, 2019 , such revenue represents approximately 27.4% of total Retirement revenue, all of Investment Management revenue, and 3.6% of Corporate revenue. For the year ended December 31, 2018 , such revenue represents approximately 28.4% of total Retirement revenue, all of Investment Management revenue, and 17.3% of Corporate revenue. Such revenue is immaterial for the Employee Benefits segment. For the years ended December 31, 2019 and 2018 , a portion of the revenue recognized in the current period from distribution services is related to performance obligations satisfied in previous periods. Revenue for various financial services is recorded in Fee income or Other revenue in the Consolidated Statements of Operations. Receivables of $249 and $237 are included in Other assets on the Consolidated Balance Sheet as of December 31, 2019 and 2018 , respectively.
Income Taxes	Income Taxes The Company files a consolidated federal income tax return, which includes many of its subsidiaries, in accordance with the Internal Revenue Code of 1986, as amended. Items required by tax regulations to be included in the tax return may differ from the items reflected in the financial statements. As a result, the effective tax rate reflected in the financial statements may be different than the actual rate applied on the tax return. Some of these differences are permanent, such as the dividends received deduction which is estimated using information from the prior period and current year results. Other differences are temporary, reversing over time, such as the valuation of insurance reserves, and create deferred tax assets and liabilities. The Company's deferred tax assets and liabilities resulting from temporary differences between financial reporting and tax bases of assets and liabilities are measured at the balance sheet date using enacted tax rates expected to apply to taxable income in the years the temporary differences are expected to reverse. Deferred tax assets represent the tax benefit of future deductible temporary differences, net operating loss carryforwards and tax credit carryforwards. The Company evaluates and tests the recoverability of its deferred tax assets. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence, it is more likely than not that some portion, or all, of the deferred tax assets will not be realized. Considerable judgment and the use of estimates are required in determining whether a valuation allowance is necessary and, if so, the amount of such valuation allowance. In evaluating the need for a valuation allowance, the Company considers many factors, including: • The nature, frequency and severity of book income or losses in recent years; • The nature and character of the deferred tax assets and liabilities; • The nature and character of income by life and non-life subgroups; • The recent cumulative book income (loss) position after adjustment for permanent differences; • Taxable income in prior carryback years; • Projected future taxable income, exclusive of reversing temporary differences and carryforwards; • Projected future reversals of existing temporary differences; • The length of time carryforwards can be utilized; • Prudent and feasible tax planning strategies the Company would employ to avoid a tax benefit from expiring unused; and • Tax rules that would impact the utilization of the deferred tax assets. In establishing unrecognized tax benefits, the Company determines whether a tax position is more likely than not to be sustained under examination by the appropriate taxing authority. The Company also considers positions that have been reviewed and agreed to as part of an examination by the appropriate taxing authority. Tax positions that do not meet the more likely than not standard are not recognized in the Consolidated Financial Statements. Tax positions that meet this standard are recognized in the Consolidated Financial Statements. The Company measures the tax position as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution with the tax authority that has full knowledge of all relevant information.
Reinsurance	Reinsurance The Company utilizes reinsurance agreements in most aspects of its insurance business to reduce its exposure to large losses. Such reinsurance permits recovery of a portion of losses from reinsurers, although it does not discharge the primary liability of the Company as direct insurer of the risks reinsured. For each of its reinsurance agreements, the Company determines whether the agreement provides indemnification against loss or liability relating to insurance risk. The Company reviews contractual features, particularly those that may limit the amount of insurance risk to which the reinsurer is subject or features that delay the timely reimbursement of claims. The assumptions used to account for both long and short-duration reinsurance agreements are consistent with those used for the underlying contracts. Ceded Future policy benefits and Contract owner account balances are reported gross on the Consolidated Balance Sheets. Long-duration : For reinsurance of long-duration contracts that transfer significant insurance risk, the difference, if any, between the amounts paid and benefits received related to the underlying contracts is included in the expected net cost of reinsurance, which is recorded as a component of the reinsurance asset or liability. Any difference between actual and expected net cost of reinsurance is recognized in the current period and included as a component of profits used to amortize DAC. Short-duration : For prospective reinsurance of short-duration contracts that meet the criteria for reinsurance accounting, amounts paid are recorded as ceded premiums and ceded unearned premiums and are reflected as a component of Premiums in the Consolidated Statements of Operations and Other assets on the Consolidated Balance Sheets, respectively. Ceded unearned premiums are amortized through premiums over the remaining contract period in proportion to the amount of protection provided. For retroactive reinsurance of short-duration contracts that meet the criteria for reinsurance accounting, amounts paid in excess of the related insurance liabilities ceded are recognized immediately as a loss. Any gains on such retroactive agreements are deferred in Other liabilities and amortized over the remaining life of the underlying contracts. Accounting for reinsurance requires use of assumptions and estimates, particularly related to the future performance of the underlying business and the potential impact of counterparty credit risks. The Company periodically reviews actual and anticipated experience compared to the assumptions used to establish assets and liabilities relating to ceded and assumed reinsurance. The Company also evaluates the financial strength of potential reinsurers and continually monitors the financial condition of reinsurers. The S&P ratings for the Company's reinsurers with the largest reinsurance recoverable balances are A-rated or better, including Lincoln National Corporation ("Lincoln") and various subsidiaries of Reinsurance Group of America Incorporated (collectively, "RGA"). Only those reinsurance recoverable balances deemed probable of recovery are recognized as assets on the Company's Consolidated Balance Sheets and are stated net of allowances for uncollectible reinsurance. Amounts currently recoverable and payable under reinsurance agreements are included in Premium receivable and reinsurance recoverable. Such assets and liabilities relating to reinsurance agreements with the same reinsurer are recorded net on the Consolidated Balance Sheets if a right of offset exists within the reinsurance agreement. Premiums, Fee income and Policyholder benefits are reported net of reinsurance ceded. Amounts received from reinsurers for policy administration are reported in Other revenue. The Company has entered into coinsurance funds withheld reinsurance arrangements that contain embedded derivatives for which carrying value is estimated based on the change in the fair value of the assets supporting the funds withheld payable under the agreements.
Employee Benefit Plans	Employee Benefits Plans The Company sponsors and/or administers various plans that provide defined benefit pension and other postretirement benefit plans covering eligible employees, sales representatives and other individuals. The plans are generally funded through payments, determined by periodic actuarial calculations, to trustee-administered funds. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive upon retirement, usually dependent on one or more factors such as age, years of service and compensation. The liability recognized in respect of defined benefit pension plans is the present value of the projected pension benefit obligation ("PBO") at the balance sheet date, less the fair value of plan assets, together with adjustments for unrecognized past service costs. This liability is included in Pension and other postretirement provisions on the Consolidated Balance Sheets. The PBO is defined as the actuarially calculated present value of vested and non-vested pension benefits accrued based on future salary levels. The Company recognizes the funded status of the PBO for pension plans and the accumulated postretirement benefit obligation ("APBO") for other postretirement plans on the Consolidated Balance Sheets. Net periodic benefit cost is determined using management estimates and actuarial assumptions to derive service cost, interest cost and expected return on plan assets for a particular year. The obligations and expenses associated with these plans require use of assumptions, such as discount rate, expected rate of return on plan assets, rate of future compensation increases and healthcare cost trend rates, as well as assumptions regarding participant demographics, such as age of retirements, withdrawal rates and mortality. Management determines these assumptions based on a variety of factors, such as historical performance of the plan and its assets, currently available market and industry data and expected benefit payout streams. Actual results could vary significantly from assumptions based on changes, such as economic and market conditions, demographics of participants in the plans and amendments to benefits provided under the plans. These differences may have a significant effect on the Company's Consolidated Financial Statements and liquidity. Differences between the expected return and the actual return on plan assets and actuarial gains (losses) are immediately recognized in Operating expenses in the Consolidated Statements of Operations. For postretirement healthcare and other benefits to retirees, the entitlement to these benefits is usually conditional on the employee remaining in service up to retirement age and the completion of a minimum service period. The expected costs of these benefits are accrued in Pension and other postretirement provisions over the period of employment using an accounting methodology similar to that for defined benefit pension plans. Actuarial gains (losses) are immediately recognized in Operating expenses in the Consolidated Statements of Operations.
Share-based Compensation	Share-based Compensation The Company grants certain employees and directors share-based compensation awards under various plans. Share-based compensation plans are subject to certain vesting conditions. The Company measures the cost of its share-based awards at their grant date fair value, which in the case of restricted stock units ("RSUs ") and performance share units ("PSUs"), is based upon the market value of the Company's common stock on the date of grant. The Company grants certain PSU awards, which are subject to attainment of specified total shareholder return ("TSR") targets relative to a specified peer group. The number of TSR-based PSU awards expected to be earned, based on achievement of the market condition, is factored into the grant date Monte Carlo valuation for the award. Fair value of stock options is determined using a Black-Scholes options valuation methodology. Compensation expense is principally related to the granting of performance share units, restricted stock units and stock options and is recognized in Operating expenses in the Consolidated Statements of Operations over the requisite service period. The majority of awards granted are provided in the first quarter of each year. The Company includes estimated forfeitures in the calculation of share-based compensation expense. The liability related to cash-settled awards is recorded within Other liabilities on the Consolidated Balance Sheets. Unlike equity-settled awards, which have a fixed grant-date fair value, the fair value of unvested cash-settled awards is remeasured at the end of each reporting period until the awards vest. All excess tax benefits and tax deficiencies related to share-based compensation are reported in Net income (loss).
Earnings Per Share	Earnings per Common Share Basic earnings per common share ("EPS") is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed assuming the issuance of nonvested shares, restricted stock units, stock options, performance share units and warrants using the treasury stock method. Basic and diluted earnings per share are calculated using unrounded, actual amounts. Under the treasury stock method, the Company utilizes the average market price to determine the amount of cash that would be available to repurchase shares if the common shares vested. The net incremental share count issued represents the potential dilutive or anti-dilutive securities. For any period where a loss from continuing operations available to common shareholders is experienced, shares used in the diluted EPS calculation represent basic shares, as using diluted shares would be anti-dilutive to the calculation.
Consolidation and Noncontrolling Interests	Consolidation and Noncontrolling Interests In the normal course of business, the Company invests in, provides investment management services to, and has transactions with, various CLO entities, private equity funds, real estate funds, funds-of-hedge funds, single strategy hedge funds, insurance entities, securitizations and other investment entities. In certain instances, the Company serves as the investment manager, making day-to-day investment decisions concerning the assets of these entities. These entities are considered to be either VIEs or VOEs, and the consolidation guidance requires an assessment involving judgments and analysis to determine (a) whether an entity in which the Company holds a variable interest is a VIE and (b) whether the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance related fees), would give it a controlling financial interest. The Company consolidates entities in which it, directly or indirectly, is determined to have a controlling financial interest. Consolidation conclusions are reviewed quarterly to identify whether any reconsideration events have occurred. VIEs : The Company consolidates VIEs for which it is the primary beneficiary at the time it becomes involved with a VIE. An entity is a VIE if it has equity investors who, as a group, lack the characteristics of a controlling financial interest or it does not have sufficient equity at risk to finance its expected activities without additional subordinated financial support from other parties. The primary beneficiary (a) has the power to direct the activities of the entity that most significantly impact the entity's economic performance and (b) has the obligation to absorb losses or the right to receive benefits from the entity that could potentially be significant to the entity. VOEs : For entities determined not to be VIEs, the Company consolidates entities in which it holds greater than 50% of the voting interest, or, for limited partnerships, when the Company owns a majority of the limited partnership's kick-out rights through voting interests. Noncontrolling interest represents the interests of shareholders, other than the Company, in consolidated entities. In the Consolidated Statements of Operations, Net income (loss) attributable to noncontrolling interest represents such shareholders' interests in the earnings and losses of those entities, or the attribution of results from consolidated VIEs or VOEs to which the Company is not economically entitled.
Contingencies	Contingencies A loss contingency is an existing condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future events occur or fail to occur. Examples of loss contingencies include pending or threatened adverse litigation, threat of expropriation of assets and actual or possible claims and assessments. Amounts related to loss contingencies are accrued and recorded in Other liabilities on the Consolidated Balance Sheets if it is probable that a loss has been incurred and the amount can be reasonably estimated, based on the Company's best estimate of the ultimate outcome.
Adoption of New Pronouncements	Adoption of New Pronouncements The following table provides a description of the Company's adoption of new Accounting Standard Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB") and the impact of the adoption on the Company's financial statements. Standard Description of Requirements Effective Date and Method of Adoption Effect on the Financial Statements or Other Significant Matters ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income This standard, issued in February 2018, permits a reclassification from accumulated other comprehensive income ("AOCI") to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act of 2017 ("Tax Reform"). Stranded tax effects arise because U.S. GAAP requires that the impact of a change in tax laws or rates on deferred tax liabilities and assets be reported in net income, even if related to items recognized within accumulated other comprehensive income. The amount of the reclassification would be based on the difference between the historical corporate income tax rate and the newly enacted 21% corporate income tax rate, applied to deferred tax liabilities and assets reported within accumulated other comprehensive income. January 1, 2019, with the change reported in the period of adoption. The impact to the January 1, 2019 Condensed Consolidated Balance Sheet was an increase to AOCI of $343, with a corresponding decrease to Retained earnings. The ASU did not have a material impact on the Company's results of operations, cash flows, or disclosures. ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities This standard, issued in August 2017, enables entities to better portray risk management activities in their financial statements, as follows: • Expands an entity's ability to hedge nonfinancial and financial risk components and reduces complexity in accounting for fair value hedges of interest rate risk, • Eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item, and • Eases certain documentation and assessment requirements and modifies the accounting for components excluded from the assessment of hedge effectiveness, and modifies required disclosures. In October 2018, the FASB issued an amendment which expands the list of U.S. benchmark interest rates permitted in the application of hedge accounting. January 1, 2019, using the modified retrospective method, with the exception of the presentation and disclosure requirements which were adopted prospectively. The adoption had no effect on the Company's financial condition, results of operations, or cash flows. The adoption resulted in a change to the Company's significant accounting policy with respect to Derivatives, as follows: Fair Value Hedge : For derivative instruments that are designated and qualify as a fair value hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is recorded in the same line item in the Condensed Consolidated Statements of Operations as impacted by the hedged item. Cash Flow Hedge: For derivative instruments that are designated and qualify as a cash flow hedge, the entire change in the fair value of the hedging instrument included in the assessment of hedge effectiveness is reported as a component of AOCI. Those amounts are subsequently reclassified to earnings when the hedged item affects earnings, and are reported in the same line item in the Condensed Consolidated Statements of Operations as impacted by the hedged item. Other required disclosure changes have been included in Note 4, Derivative Financial Instruments. Standard Description of Requirements Effective Date and Method of Adoption Effect on the Financial Statements or Other Significant Matters ASU 2016-02, Leases This standard, issued in February 2016, requires lessees to recognize a right-of-use asset and a lease liability for all leases with terms of more than 12 months. The lease liability will be measured as the present value of the lease payments, and the asset will be based on the liability. For income statement purposes, expense recognition will depend on the lessee's classification of the lease as either finance, with a front-loaded amortization expense pattern similar to current capital leases, or operating, with a straight-line expense pattern similar to current operating leases. Lessor accounting will be similar to the current model, and lessors will be required to classify leases as operating, direct financing, or sales-type. ASU 2016-02 also replaces the sale-leaseback guidance to align with the new revenue recognition standard, addresses statement of operation and statement of cash flow classification, and requires additional disclosures for all leases. In addition, the FASB issued various amendments during 2018 to clarify and simplify the provisions and implementation guidance of ASU 2016-02. January 1, 2019, using the modified retrospective method. Adoption of the ASU resulted in the establishment of a $146 lease liability for operating leases and a corresponding right-of-use asset, which are included in Other liabilities and Other assets, respectively. The Company elected the practical expedients at transition. The ASU did not impact the Company's Shareholders’ equity or results of operations, and did not materially impact cash flows or disclosures. ASU 2016-01, This standard, issued in January January 1, 2018 The impact to the January 1, 2018 Consolidated Balance Sheet was a $28 increase, net of tax, to Unappropriated retained earnings with a Standard Description of Requirements Effective Date and Method of Adoption Effect on the Financial Statements or Other Significant Matters ASU 2014-09, Revenue from Contracts with Customers This standard, issued in May 2014, requires an entity to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue is recognized when, or as, the entity satisfies a performance obligation under the contract. ASU 2014-09 also updated the accounting for certain costs associated with obtaining and fulfilling contracts with customers and requires disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In addition, the FASB issued various amendments during 2016 to clarify the provisions and implementation guidance of ASU 2014-09. Revenue recognition for insurance contracts and financial instruments is explicitly scoped out of the guidance. January 1, 2018 using the modified retrospective method. The adoption had no impact on revenue recognition. However, the adoption resulted in a $106 increase in Other assets to capitalize costs to obtain and fulfill certain financial services contracts in the Retirement segment and Corporate. This adjustment was offset by a related $22 decrease in Deferred income taxes, resulting in a net $84 increase to Retained earnings (deficit) on the Consolidated Balance Sheet as of January 1, 2018. In addition, disclosures have been updated to reflect accounting policy changes made as a result of the implementation of ASU 2014-09. (See the Significant Accounting Policies section.) Comparative information has not been adjusted and continues to be reported under previous revenue recognition guidance. As of December 31, 2018, the adoption of ASU 2014-09 resulted in a $108 increase in Other assets, reduced by a related $23 decrease in Deferred income taxes, resulting in a net $85 increase to Retained earnings (deficit) on the Consolidated Balance Sheet. For the year ended December 31, 2018, the adoption resulted in a $2 increase in Operating expenses on the Consolidated Statement of Operations and had no impact on Net cash provided by operating activities.
Future Adoption of Accounting Pronouncements	Future Adoption of Accounting Pronouncements Long-Duration Contracts In August 2018, the FASB issued ASU 2018-12, "Financial Services - Insurance (Topic 944) Targeted Improvements to the Accounting for Long-Duration Contracts" ("ASU 2018-12"), which changes the measurement and disclosures of insurance liabilities and deferred acquisition costs for long-duration contracts issued by insurers. In November 2019, the FASB issued ASU 2019-09 to amend the effective date of ASU 2018-12 for public business entities that are required to file with the SEC to fiscal years beginning after December 15, 2021, including interim periods, with early adoption permitted. The Company is currently in the process of evaluating the provisions of ASU 2018-12. While it is not possible to estimate the expected impact of adoption at this time, the Company believes there is a reasonable possibility that implementation of ASU 2018-12 may result in a significant impact on Shareholders’ equity and future earnings patterns. In addition to requiring significantly expanded interim and annual disclosures regarding long-duration insurance contract assets and liabilities, ASU 2018-12's provisions include modifications to the accounting for such contracts in the following areas: ASU 2018-12 Subject Area Description of Requirements Transition Provisions Effect on the Financial Statements or Other Significant Matters Assumptions used to measure the liability for future policy benefits for nonparticipating traditional and limited payment insurance contracts Requires insurers to review and, if necessary, update cash flow assumptions at least annually. The effect of updating cash flow assumptions will be measured on a retrospective catch-up basis and presented in the Statement of Operations in the period in which the update is made. The rate used to discount the liability for future policy benefits will be required to be updated quarterly, with related changes in the liability recorded in AOCI. The discount rate will be based on an upper-medium grade fixed-income corporate instrument yield reflecting the duration characteristics of the relevant liabilities. Initial adoption is required to be reported using either a full retrospective or modified retrospective approach. Under either method, upon adoption the liability for future policy benefits will be remeasured using current discount rates as of the beginning of the earliest period presented with the impact recorded as a cumulative effect adjustment to AOCI. The application of periodic assumption updates for nonparticipating traditional and limited payment insurance contracts is significantly different from the current accounting approach for such liabilities, which is based on assumptions that are locked in at contract inception unless a premium deficiency occurs. Under the current accounting guidance, the liability discount rate is based on expected yields on the underlying investment portfolio held by the insurer. The implications of these requirements, including transition options, and related potential financial statement impacts are currently being evaluated. Measurement of market risk benefits Creates a new category of benefit features called market risk benefits, defined as features that protect contract holders from capital market risk and expose the insurers to that risk. Market risk benefits will be required to be measured at fair value, with changes in fair value recognized in the Statement of Operations, except for changes in fair value attributable to changes in the instrument-specific credit risk, which will be recorded in AOCI. Full retrospective application is required. Upon adoption, any difference between the fair value and pre-adoption carrying value of market risk benefits not currently measured at fair value will be recorded to retained earnings. In addition, the cumulative effect of changes in instrument-specific credit risk will be reclassified from retained earnings to AOCI. Under the current accounting guidance, certain features that are expected to meet the definition of market risk benefits are accounted for as either insurance liabilities or embedded derivatives. The implications of these requirements and related potential financial statement impacts are currently being evaluated. ASU 2018-12 Subject Area Description of Requirements Transition Provisions Effect on the Financial Statements or Other Significant Matters Amortization of DAC and other balances Requires DAC (and other balances that refer to the DAC model, such as deferred sales inducement costs and unearned revenue liabilities) for all long-duration contracts to be measured on a constant level basis over the expected life of the contract. Initial adoption is required to be reported using either a full retrospective or modified retrospective approach. The method of transition applied for DAC and other balances must be consistent with the transition method selected for future policy benefit liabilities, as described above. This approach is intended to approximate straight-line amortization and cannot be based on revenue or profits as it is under the current accounting model. Related amounts in AOCI will be eliminated upon adoption. ASU 2018-12 did not change the existing accounting guidance related to value of business acquired ("VOBA") and net cost of reinsurance, which allows, but does not require, insurers to amortize such balances on a basis consistent with DAC. The implications of these requirements, including transition options, and related potential financial statement impacts are currently being evaluated. The following table provides a description of future adoptions of other new accounting standards that may have an impact on the Company's financial statements when adopted: Standard Description of Requirements Effective Date and Transition Provisions Effect on the Financial Statements or Other Significant Matters ASU 2018-15, Implementation costs incurred in a cloud computing arrangement that is a service contract This standard, issued in August 2018, requires a customer in a hosting arrangement that is a service contract to follow the guidance for internal-use software projects to determine which implementation costs to capitalize as an asset. Capitalized implementation costs are required to be expensed over the term of the hosting arrangement. In addition, a customer is required to apply the impairment and abandonment guidance for long-lived assets to the capitalized implementation costs. Balances related to capitalized implementation costs must be presented in the same financial statement line items as other hosting arrangement balances, and additional disclosures are required. January 1, 2020 with early adoption permitted. Initial adoption of ASU 2018-15 may be reported either on a prospective or retrospective basis. The Company intends to adopt ASU 2018-15 as of January 1, 2020 on a prospective basis. The Company does not expect ASU 2018-15 to have a material impact on the Company’s financial condition, results of operations, or cash flows. ASU 2018-14, Changes to the Disclosure Requirements for Defined Benefit Plans This standard, issued in August 2018, eliminates certain disclosure requirements that are no longer considered cost beneficial and requires new disclosures that are considered relevant. January 1, 2021 with early adoption permitted. Initial adoption of ASU 2018-14 is required to be reported on a retrospective basis for all periods presented. The Company is currently in the process of determining the impact of adoption of the provisions of ASU 2018-14. ASU 2018-13, Changes to the Disclosure Requirements for Fair Value Measurement This standard, issued in August 2018, simplifies certain disclosure requirements for fair value measurement. January 1, 2020, including interim periods, with early adoption permitted. The transition method varies by provision. The Company is currently in the process of determining the impact of adoption of the provisions of ASU 2018-13. ASU 2016-13, Measurement of Credit Losses on Financial Instruments This standard, issued in June 2016: • Introduces a new current expected credit loss ("CECL") model to measure impairment on certain types of financial instruments, • Requires an entity to estimate lifetime expected credit losses, under the new CECL model, based on relevant information about historical events, current conditions, and reasonable and supportable forecasts, • Modifies the impairment model for available-for-sale debt securities, and • Provides a simplified accounting model for purchased financial assets with credit deterioration since their origination. In addition, the FASB issued various amendments during 2018 and 2019 to clarify the provisions of ASU 2016-13. January 1, 2020, including interim periods, with early adoption permitted. Initial adoption of ASU 2016-13 is required to be reported on a modified retrospective basis, with a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption, except for certain provisions that are required to be applied prospectively. The Company believes the adoption of this guidance will not have a material impact on the Company’s financial condition, results of operations or cash flows. The CECL requirements apply to financial assets held at amortized cost, the most significant of which, for the Company, are mortgage loans and reinsurance recoverable balances. Implementation efforts currently in progress include the finalization of CECL models and continuing analysis of model output, as well as development of related processes, controls, and disclosures.
Impaired Financing Receivable	Commercial mortgage loans are placed on non-accrual status when 90 days in arrears if the Company has concerns regarding the collectability of future payments, or if a loan has matured without being paid off or extended.

Business Held for Sale and Di_2

Business Held for Sale and Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Information Related to Businesses Held for Sale and Discontinued Operations	The following table presents summary information related to assets and liabilities classified as held for sale and income (loss) from discontinued operations for the periods presented: Year Ended December 31, 2019 2018 Assets held for sale Individual Life Transaction $ 20,069 $ 20,045 2018 Transaction — — Total $ 20,069 $ 20,045 Liabilities held for sale Individual Life Transaction $ 18,498 $ 17,903 2018 Transaction — — Total $ 18,498 $ 17,903 Year Ended December 31, 2019 2018 2017 Income (loss) from discontinued operations, net of tax Individual Life Transaction $ (984 ) $ 72 $ 107 2018 Transaction (82 ) 457 (2,580 ) Total $ (1,066 ) $ 529 $ (2,473 ) The following table presents summary information related to cash flows from discontinued operations for the periods presented: Year Ended December 31, 2019 2018 2017 Net cash provided by operating activities - discontinued operations Individual Life Transaction $ (102 ) $ (410 ) $ 100 2018 Transaction — 1,462 411 Total $ (102 ) $ 1,052 $ 511 Net cash provided by investing activities - discontinued operations Individual Life Transaction $ (498 ) $ (248 ) $ (1,000 ) 2018 Transaction (128 ) 34 (1,261 ) Total $ (626 ) $ (214 ) $ (2,261 ) Net cash provided by financing activities - discontinued operations Individual Life Transaction $ 813 $ 537 $ 887 2018 Transaction — (1,209 ) 384 Total $ 813 $ (672 ) $ 1,271 The following table summarizes the components of Income (loss) from discontinued operations, net of tax related to the 2018 Transaction for the y ears ended December 31, 2019 , 2018 and 2017 : Year Ended December 31, 2019 2018 2017 Revenues: Net investment income $ — $ 510 $ 1,266 Fee income — 295 801 Premiums — (50 ) 190 Total net realized capital losses — (345 ) (1,234 ) Other revenue — 10 19 Total revenues — 420 1,042 Benefits and expenses: Interest credited and other benefits to contract owners/policyholders — 442 978 Operating expenses — (14 ) 250 Net amortization of Deferred policy acquisition costs and Value of business acquired — 49 127 Interest expense — 10 22 Total benefits and expenses — 487 1,377 Income (loss) from discontinued operations before income taxes — (67 ) (335 ) Income tax expense (benefit) — (19 ) (178 ) Loss on sale, net of tax (82 ) 505 (2,423 ) Income (loss) from discontinued operations, net of tax $ (82 ) $ 457 $ (2,580 ) The following table summarizes the major categories of assets and liabilities classified as held for sale related to the Individual Life Transaction in the accompanying Consolidated Balance Sheets as of December 31, 2019 and 2018 : As of December 31, 2019 2018 Assets: Investments: Fixed maturities, available-for-sale, at fair value $ 11,483 $ 9,401 Fixed maturities, at fair value using the fair value option 752 722 Mortgage loans on real estate, net of valuation allowance 1,319 1,395 Policy loans 1,005 1,019 Derivatives 304 131 Other investments (1) 430 333 Securities pledged 235 405 Total investments 15,528 13,406 Cash and cash equivalents 291 301 Short-term investments under securities loan agreements, including collateral delivered 216 391 Premium receivable and reinsurance recoverable 3,101 3,309 Deferred policy acquisition costs and Value of business acquired 607 1,143 Current income taxes 136 220 Deferred income taxes (757 ) (452 ) Other assets (2) 570 430 Assets held in separate accounts 1,485 1,297 Write-down of businesses held for sale to fair value less cost to sell (1,108 ) — Total assets held for sale $ 20,069 $ 20,045 Liabilities: Future policy benefits and contract owner account balances $ 15,472 $ 15,008 Payables under securities loan and repurchase agreements, including collateral held 428 455 Derivatives 77 53 Notes payable 252 222 Other liabilities 784 868 Liabilities related to separate accounts 1,485 1,297 Total liabilities held for sale $ 18,498 $ 17,903 (1) Includes Other investments, Equity securities, Limited Partnerships/corporations and Short-term investments. (2) Includes Other assets and Accrued investment income. The following table summarizes the components of Income (loss) from discontinued operations, net of tax related to the Individual Life Transaction for the y ears ended December 31, 2019 , 2018 and 2017 : Year Ended December 31, 2019 2018 2017 Revenues: Net investment income $ 665 $ 649 $ 672 Fee income 750 743 754 Premiums 27 27 24 Total net realized capital gains (losses) 45 (44 ) (18 ) Other revenue (21 ) 4 (8 ) Total revenues 1,466 1,379 1,424 Benefits and expenses: Interest credited and other benefits to contract owners/policyholders 1,065 1,050 978 Operating expenses 83 96 102 Net amortization of Deferred policy acquisition costs and Value of business acquired 153 135 176 Interest expense 10 9 8 Total benefits and expenses 1,311 1,290 1,264 Income (loss) from discontinued operations before income taxes 155 89 160 Income tax expense (benefit) 31 17 53 Loss on sale, net of tax (1,108 ) — — Income (loss) from discontinued operations, net of tax $ (984 ) $ 72 $ 107

Investments (excluding Consol_2

Investments (excluding Consolidated Investment Entities) (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Fixed Maturities Available-for-sale and FVO fixed maturities were as follows as of December 31, 2019 : Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Embedded Derivatives (2) Fair Value OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 1,074 $ 308 $ — $ — $ 1,382 $ — U.S. Government agencies and authorities 74 21 — — 95 — State, municipalities and political subdivisions 1,220 103 — — 1,323 — U.S. corporate public securities 12,980 1,977 19 — 14,938 — U.S. corporate private securities 5,568 488 21 — 6,035 — Foreign corporate public securities and foreign governments (1) 3,887 460 6 — 4,341 — Foreign corporate private securities (1) 4,545 288 2 — 4,831 — Residential mortgage-backed securities 4,999 200 14 19 5,204 5 Commercial mortgage-backed securities 3,402 176 4 — 3,574 — Other asset-backed securities 2,058 22 25 — 2,055 1 Total fixed maturities, including securities pledged 39,807 4,043 91 19 43,778 6 Less: Securities pledged 1,264 154 10 — 1,408 — Total fixed maturities $ 38,543 $ 3,889 $ 81 $ 19 $ 42,370 $ 6 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $336 of net unrealized gains on impaired available-for-sale securities. Available-for-sale and FVO fixed maturities were as follows as of December 31, 2018 : Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Embedded Derivatives (2) Fair Value OTTI (3)(4) Fixed maturities: U.S. Treasuries $ 1,228 $ 196 $ 1 $ — $ 1,423 $ — U.S. Government agencies and authorities 62 12 — — 74 — State, municipalities and political subdivisions 1,241 25 16 — 1,250 — U.S. corporate public securities 14,455 721 300 — 14,876 — U.S. corporate private securities 5,499 134 142 — 5,491 — Foreign corporate public securities and foreign governments (1) 4,139 125 129 — 4,135 — Foreign corporate private securities (1) 4,705 66 131 — 4,640 — Residential mortgage-backed securities 4,143 170 47 16 4,282 7 Commercial mortgage-backed securities 2,777 27 41 — 2,763 — Other asset-backed securities 1,688 10 40 — 1,658 2 Total fixed maturities, including securities pledged 39,937 1,486 847 16 40,592 9 Less: Securities pledged 1,436 75 49 — 1,462 — Total fixed maturities $ 38,501 $ 1,411 $ 798 $ 16 $ 39,130 $ 9 (1) Primarily U.S. dollar denominated. (2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Consolidated Statements of Operations. (3) Represents OTTI reported as a component of Other comprehensive income (loss). (4) Amount excludes $234 of net unrealized gains on impaired available-for-sale securities.
Investments Classified by Contractual Maturity Date	The amortized cost and fair value of fixed maturities, including securities pledged, as of December 31, 2019 , are shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may be restructured, called or prepaid. MBS and Other ABS are shown separately because they are not due at a single maturity date. Amortized Cost Fair Value Due to mature: One year or less $ 1,105 $ 1,120 After one year through five years 5,391 5,638 After five years through ten years 8,014 8,667 After ten years 14,838 17,520 Mortgage-backed securities 8,401 8,778 Other asset-backed securities 2,058 2,055 Fixed maturities, including securities pledged $ 39,807 $ 43,778
U.S. and Foreign Corporate Securities by Industry	The following tables present the composition of the U.S. and foreign corporate securities within the fixed maturity portfolio by industry category as of the dates indicated: Amortized Cost Gross Unrealized Capital Gains Gross Unrealized Capital Losses Fair Value December 31, 2019 Communications $ 1,694 $ 295 $ — $ 1,989 Financial 4,067 535 1 4,601 Industrial and other companies 11,669 1,274 16 12,927 Energy 2,819 368 27 3,160 Utilities 4,895 561 1 5,455 Transportation 1,206 116 2 1,320 Total $ 26,350 $ 3,149 $ 47 $ 29,452 December 31, 2018 Communications $ 1,952 $ 107 $ 29 $ 2,030 Financial 4,131 199 70 4,260 Industrial and other companies 12,707 371 330 12,748 Energy 3,180 138 117 3,201 Utilities 5,120 189 114 5,195 Transportation 1,039 27 25 1,041 Total $ 28,129 $ 1,031 $ 685 $ 28,475
Schedule of Securities Borrowed Under Securities Lending Transactions	The following table presents borrowings under securities lending transactions by asset class pledged for the dates indicated: December 31, 2019 (1)(2) December 31, 2018 (1)(2) U.S. Treasuries $ 213 $ 180 U.S. Government agencies and authorities 15 7 U.S. corporate public securities 684 813 Equity securities — 1 Foreign corporate public securities and foreign governments 289 280 Payables under securities loan agreements $ 1,201 $ 1,281 (1) As of December 31, 2019 and 2018 , borrowings under securities lending transactions include cash collateral of $1,055 and $1,190 , respectively. (2) As of December 31, 2019 and 2018 , borrowings under securities lending transactions include non-cash collateral of $146 and $91 , respectively.
Schedule of Unrealized Loss on Investments	Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2019 : Twelve Months or Less Below Amortized Cost More Than Twelve Months Below Amortized Cost Total Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses U.S. Treasuries $ 2 $ — * $ 21 $ — * $ 23 $ — * State, municipalities and political subdivisions 25 — * 1 — * 26 — * U.S. corporate public securities 122 3 199 16 321 19 U.S. corporate private securities 113 1 195 20 308 21 Foreign corporate public securities and foreign governments 15 — * 103 6 118 6 Foreign corporate private securities 36 — * 78 2 114 2 Residential mortgage-backed 730 8 194 6 924 14 Commercial mortgage-backed 472 4 18 — * 490 4 Other asset-backed 308 5 641 20 949 25 Total $ 1,823 $ 21 $ 1,450 $ 70 $ 3,273 $ 91 Total number of securities in an unrealized loss position 334 338 672 *Less than $1. Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2018 : Twelve Months or Less More Than Twelve Months Below Amortized Cost Total Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses Fair Value Unrealized Capital Losses U.S. Treasuries $ — $ — $ 40 $ 1 $ 40 $ 1 State, municipalities and political subdivisions 363 7 178 9 541 16 U.S. corporate public securities 5,010 220 742 80 5,752 300 U.S. corporate private securities 2,031 56 744 86 2,775 142 Foreign corporate public securities and foreign governments 1,849 88 253 41 2,102 129 Foreign corporate private securities 1,969 101 327 30 2,296 131 Residential mortgage-backed 795 17 531 30 1,326 47 Commercial mortgage-backed 1,206 22 484 19 1,690 41 Other asset-backed 1,163 38 76 2 1,239 40 Total $ 14,386 $ 549 $ 3,375 $ 298 $ 17,761 $ 847 Total number of securities in an unrealized loss position 2,177 686 2,863
Other than Temporary Impairment, Credit Losses Recognized in Earnings	The Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired. The following table identifies the Company's impairments included in the Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated: Year Ended December 31, 2019 2018 2017 Impairment No. of Securities Impairment No. of Securities Impairment No. of Securities State, municipalities and political subdivisions $ — * 8 $ — — $ — * 2 U.S. corporate public securities 18 38 6 2 1 3 U.S. corporate private securities 1 18 — — — — Foreign corporate public securities and foreign governments (1) 5 22 2 3 2 3 Foreign corporate private securities (1) 26 12 15 1 15 2 Residential mortgage-backed 5 89 5 61 1 40 Other 5 128 — * 2 1 3 Total $ 60 315 $ 28 69 $ 20 53 Credit Impairments $ 28 $ 19 $ 18 Intent Impairments $ 32 $ 9 $ 2 (1) Primarily U.S. dollar denominated. * Less than $1 The Company may sell securities during the period in which fair value has declined below amortized cost for fixed maturities. In certain situations, new factors, including changes in the business environment, can change the Company’s previous intent to continue holding a security. Accordingly, these factors may lead the Company to record additional intent related capital losses. The following table presents the amount of credit impairments on fixed maturities for which a portion of the OTTI loss was recognized in Other comprehensive income (loss) and the corresponding changes in such amounts for the periods indicated: Year Ended December 31, 2019 2018 2017 Balance at January 1 $ 11 $ 21 $ 21 Additional credit impairments: On securities not previously impaired — — 8 Reductions: Securities sold, matured, prepaid or paid down 3 10 8 Balance at December 31 $ 8 $ 11 $ 21
Schedule of Mortgage Loans Real Estate and Valuation Allowance	The following table summarizes the Company's investment in mortgage loans as of the dates indicated: December 31, 2019 December 31, 2018 Impaired Non Impaired Total Impaired Non Impaired Total Commercial mortgage loans $ 4 $ 6,875 $ 6,879 $ 4 $ 7,279 $ 7,283 Collective valuation allowance for losses N/A (1 ) (1 ) N/A (2 ) (2 ) Total net commercial mortgage loans $ 4 $ 6,874 $ 6,878 $ 4 $ 7,277 $ 7,281 N/A - Not Applicable
Financing Receivable, Allowance for Credit Loss	The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated: December 31, 2019 December 31, 2018 Collective valuation allowance for losses, balance at January 1 $ 2 $ 3 Addition to (reduction of) allowance for losses (1 ) (1 ) Collective valuation allowance for losses, end of period $ 1 $ 2
Impaired Financing Receivables	The carrying values and unpaid principal balances of impaired mortgage loans were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Impaired loans without allowances for losses $ 4 $ 4 Less: Allowances for losses on impaired loans — — Impaired loans, net $ 4 $ 4 Unpaid principal balance of impaired loans $ 5 $ 5
Interest Income Recognized on Impaired and Restructured Loans	The following table presents information on the average investment during the period in impaired loans and interest income recognized on impaired and troubled debt restructured loans for the periods indicated: Year Ended December 31, 2019 2018 2017 Impaired loans, average investment during the period (amortized cost) (1) $ 11 $ 4 $ 4 Interest income recognized on impaired loans, on an accrual basis (1) 1 — — Interest income recognized on impaired loans, on a cash basis (1) 1 — — Interest income recognized on troubled debt restructured loans, on an accrual basis — — — (1) Includes amounts for Troubled debt restructured loans.
Loans Receivable, Grouped by Loan to Value and Debt Service Coverage Ratio	The following table presents the LTV and DSC ratios as of the dates indicated: Recorded Investment Debt Service Coverage Ratios > 1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2019 (1) Loan-to-Value Ratios: 0% - 50% $ 650 $ 24 $ 11 $ 2 $ — $ 687 10.0 % >50% - 60% 1,597 53 36 37 — 1,723 25.0 % >60% - 70% 2,669 581 329 131 — 3,710 53.9 % >70% - 80% 384 119 121 79 — 703 10.2 % >80% and above 33 16 — 7 — 56 0.9 % Total $ 5,333 $ 793 $ 497 $ 256 $ — $ 6,879 100.0 % Recorded Investment Debt Service Coverage Ratios > 1.5x >1.25x - 1.5x >1.0x - 1.25x < 1.0x Commercial mortgage loans secured by land or construction loans Total % of Total December 31, 2018 (1) Loan-to-Value Ratios: 0% - 50% $ 553 $ 39 $ 26 $ 2 $ — $ 620 8.5 % >50% - 60% 1,653 57 37 6 — 1,753 24.1 % >60% - 70% 3,106 463 631 53 32 4,285 58.8 % >70% - 80% 324 124 93 23 4 568 7.8 % >80% and above 18 6 10 — 23 57 0.8 % Total $ 5,654 $ 689 $ 797 $ 84 $ 59 $ 7,283 100.0 % (1) Balances do not include collective valuation allowance for losses.
Mortgage Loans by Geographic Location of Collateral	Properties collateralizing mortgage loans are geographically dispersed throughout the United States, as well as diversified by property type, as reflected in the following tables as of the dates indicated: December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by U.S. Region: Pacific $ 1,627 23.6 $ 1,699 23.3 % South Atlantic 1,462 21.3 1,519 20.9 % Middle Atlantic 1,326 19.3 1,351 18.6 % West South Central 719 10.5 817 11.2 % Mountain 670 9.7 706 9.7 % East North Central 571 8.3 666 9.1 % New England 117 1.7 109 1.5 % West North Central 283 4.1 338 4.6 % East South Central 104 1.5 78 1.1 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 %
Mortgage Loans by Property Type of Collateral	December 31, 2019 December 31, 2018 Gross Carrying Value % of Total Gross Carrying Value % of Total Commercial Mortgage Loans by Property Type: Retail $ 1,873 27.3 $ 2,067 28.3 % Industrial 1,636 23.8 1,803 24.8 % Apartments 1,797 26.1 1,696 23.3 % Office 999 14.5 1,144 15.7 % Hotel/Motel 188 2.7 162 2.2 % Other 324 4.7 347 4.8 % Mixed Use 62 0.9 64 0.9 % Total Commercial mortgage loans $ 6,879 100.0 $ 7,283 100.0 %
Investment Income	The following table summarizes Net investment income for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities $ 2,241 $ 2,181 $ 2,138 Equity securities 11 12 8 Mortgage loans on real estate 334 335 333 Policy loans 42 47 48 Short-term investments and cash equivalents 12 14 10 Other 222 146 144 Gross investment income 2,862 2,735 2,681 Less: investment expenses 70 66 40 Net investment income $ 2,792 $ 2,669 $ 2,641
Realized Gain (Loss) on Investments	Net realized capital gains (losses) were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Fixed maturities, available-for-sale, including securities pledged $ (21 ) $ (88 ) $ (13 ) Fixed maturities, at fair value option 40 (357 ) (238 ) Equity securities (16 ) (9 ) (1 ) Derivatives (164 ) (16 ) (2 ) Embedded derivatives - fixed maturities 3 (6 ) (10 ) Guaranteed benefit derivatives (6 ) 92 65 Other investments (2 ) 29 (10 ) Net realized capital gains (losses) $ (166 ) $ (355 ) $ (209 )
Gain (Loss) on Securities	Proceeds from the sale of fixed maturities, available-for-sale, and equity securities and the related gross realized gains and losses, before tax, were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Proceeds on sales $ 4,105 $ 4,162 $ 4,164 Gross gains 63 29 67 Gross losses 54 82 50

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The notional amounts and fair values of derivatives from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 30 $ — $ — $ 42 $ — $ — Foreign exchange contracts 771 12 21 731 13 22 Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 25,027 294 371 26,011 179 137 Foreign exchange contracts 92 — 1 21 — — Equity contracts 400 10 8 329 2 2 Credit contracts 237 — 2 280 — 3 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 19 — N/A 16 — Within products N/A — 60 N/A — 44 Within reinsurance agreements N/A — 100 N/A — (5 ) Total $ 335 $ 563 $ 210 $ 203 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable The notional amounts and fair values of derivatives for businesses held for sale were as follows as of the dates indicated: December 31, 2019 December 31, 2018 Notional Amount Asset Fair Value Liability Fair Value Notional Amount Asset Fair Value Liability Fair Value Derivatives: Qualifying for hedge accounting (1) Cash flow hedges: Interest rate contracts $ 1 $ — $ — $ 1 $ — $ — Foreign exchange contracts 19 1 1 13 1 — Derivatives: Non-qualifying for hedge accounting (1) Interest rate contracts 2,227 49 56 2,151 39 51 Foreign exchange contracts 18 — — 9 — — Equity contracts 1,753 254 20 1,427 91 2 Credit contracts — — — 1 — — Embedded derivatives and Managed custody guarantees: Within fixed maturity investments N/A 8 — N/A 9 — Within products N/A — 217 N/A — 82 Within reinsurance agreements N/A — 75 N/A — 26 Total $ 312 $ 369 $ 140 $ 161 (1) Open derivative contracts are reported as Derivatives assets or liabilities on the Consolidated Balance Sheets at fair value. N/A - Not Applicable
Offsetting Assets and Liabilities	Although the Company has not elected to net its derivative exposures, the notional amounts and fair values of Over-The-Counter ("OTC") and cleared derivatives excluding exchange traded contracts for continuing operations and businesses held for sale are presented in the tables below as of the dates indicated: December 31, 2019 Continuing operations: (1) Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 237 $ — $ 2 Equity contracts 293 9 7 Foreign exchange contracts 863 12 22 Interest rate contracts 23,634 295 371 316 402 Counterparty netting (2) (290 ) (290 ) Cash collateral netting (2) (25 ) (100 ) Securities collateral netting (2) — (5 ) Net receivables/payables $ 1 $ 7 (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, (2) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2019 Businesses held for sale: Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ — $ — $ — Equity contracts 1,753 254 20 Foreign exchange contracts 37 1 1 Interest rate contracts 2,228 49 56 304 77 Counterparty netting (1) (76 ) (76 ) Cash collateral netting (1) (206 ) — Securities collateral netting (1) (17 ) — Net receivables/payables $ 5 $ 1 (1) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2018 Continuing operations: (1) Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 280 $ — $ 3 Equity contracts 189 3 1 Foreign exchange contracts 752 13 22 Interest rate contracts 23,518 179 137 195 163 Counterparty netting (2) (141 ) (141 ) Cash collateral netting (2) (49 ) (8 ) Securities collateral netting (2) — (13 ) Net receivables/payables $ 5 $ 1 (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, (2) Represents the netting of receivable balances with payable balances, net of collateral, for the same counterparty under eligible netting agreements. December 31, 2018 Businesses held for sale: Notional Amount Asset Fair Value Liability Fair Value Credit contracts $ 1 $ — $ — Equity contracts 1,427 91 2 Foreign exchange contracts 22 1 — Interest rate contracts 2,134 39 51 131 53 Counterparty netting (1) (50 ) (50 ) Cash collateral netting (1) (62 ) — Securities collateral netting (1) (11 ) (3 ) Net receivables/payables $ 8 $ —
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	he location and effect of derivatives qualifying for hedge accounting from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, on the Consolidated Statements of Operations and Consolidated Statements of Comprehensive Income are as follows for the period indicated: Interest Rate Contracts Foreign Exchange Contracts Derivatives: Qualifying for hedge accounting Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Income Net investment income Net investment income Year Ended December 31, 2019 Amount of Gain or (Loss) Recognized in Other Comprehensive Income $ 1 $ — Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income — 11 The location and amount of gain (loss) recognized from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, in the Consolidated Statements of Operations for derivatives qualifying for hedge accounting are as follows for the period indicated: Year Ended December 31, 2019 Net Investment Income Other net realized capital gains/(losses) Total amounts of line items presented in the statement of operations in which the effects of cash flow hedges are recorded $ 2,792 $ (102 ) Derivatives: Qualifying for hedge accounting Cash flow hedges: Foreign exchange contracts: Gain (loss) reclassified from accumulated other comprehensive income into income 11 — The location and effect of derivatives not designated as hedging instruments from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2019 2018 2017 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Other net realized capital gains (losses) $ (136 ) $ (38 ) $ 1 Foreign exchange contracts Other net realized capital gains (losses) 2 4 (7 ) Equity contracts Other net realized capital gains (losses) (32 ) 10 (31 ) Credit contracts Other net realized capital gains (losses) 2 (2 ) 13 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Other net realized capital gains (losses) 3 (6 ) (10 ) Within products Other net realized capital gains (losses) (6 ) 92 65 Within reinsurance agreements Policyholder benefits (111 ) 81 (52 ) Total $ (278 ) $ 141 $ (21 ) The location and effect of derivatives not designated as hedging instruments from discontinued operations on the Consolidated Statements of Operations are as follows for the periods indicated: Location of Gain or (Loss) Recognized in Income on Derivative Year Ended December 31, 2019 2018 2017 Derivatives: Non-qualifying for hedge accounting Interest rate contracts Income (loss) from discontinued operations, net of tax $ — $ 4 $ 1 Foreign exchange contracts Income (loss) from discontinued operations, net of tax — — (1 ) Equity contracts Income (loss) from discontinued operations, net of tax 139 (75 ) 93 Credit contracts Income (loss) from discontinued operations, net of tax 1 (1 ) 4 Embedded derivatives and Managed custody guarantees: Within fixed maturity investments Income (loss) from discontinued operations, net of tax (1 ) (6 ) (8 ) Within products Income (loss) from discontinued operations, net of tax (134 ) 69 (87 ) Within reinsurance agreements Income (loss) from discontinued operations, net of tax (49 ) 35 (5 ) Total $ (44 ) $ 26 $ (3 )

Fair Value Measurements (exclud

Fair Value Measurements (excluding Consolidated Investment Entities) (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table presents the Company's hierarchy for its assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, measured at fair value on a recurring basis as of December 31, 2019 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 1,083 $ 299 $ — $ 1,382 U.S. Government agencies and authorities — 95 — 95 State, municipalities and political subdivisions — 1,323 — 1,323 U.S. corporate public securities — 14,864 74 14,938 U.S. corporate private securities — 4,578 1,457 6,035 Foreign corporate public securities and foreign governments (1) — 4,341 — 4,341 Foreign corporate private securities (1) — 4,503 328 4,831 Residential mortgage-backed securities — 5,181 23 5,204 Commercial mortgage-backed securities — 3,574 — 3,574 Other asset-backed securities — 1,977 78 2,055 Total fixed maturities, including securities pledged 1,083 40,735 1,960 43,778 Equity securities 68 — 128 196 Derivatives: Interest rate contracts 2 243 49 294 Foreign exchange contracts — 12 — 12 Equity contracts — 10 — 10 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 2,613 31 — 2,644 Assets held in separate accounts 75,405 6,149 116 81,670 Total assets $ 79,171 $ 47,180 $ 2,253 $ 128,604 Percentage of Level to total 61 % 37 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives (2) — — 60 60 Other derivatives: Interest rate contracts — 322 49 371 Foreign exchange contracts — 22 — 22 Equity contracts — 8 — 8 Credit contracts — 2 — 2 Embedded derivative on reinsurance — 100 — 100 Total liabilities $ — $ 454 $ 109 $ 563 (1) Primarily U.S. dollar denominated. (2) Includes GMWBL, GMWB,FIA, Stabilizer and MCGs. The following table presents the Company's hierarchy for its assets and liabilities related to businesses held for sale measured at fair value on a recurring basis as of December 31, 2019 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 472 $ 314 $ — $ 786 U.S. Government agencies and authorities — 161 — 161 State, municipalities and political subdivisions — 439 — 439 U.S. corporate public securities — 5,949 32 5,981 U.S. corporate private securities — 596 316 912 Foreign corporate public securities and foreign governments (1) — 1,490 7 1,497 Foreign corporate private securities (1) — 438 80 518 Residential mortgage-backed securities — 588 — 588 Commercial mortgage-backed securities — 995 — 995 Other asset-backed securities — 587 6 593 Total fixed maturities, including securities pledged 472 11,557 441 12,470 Equity securities 2 — 33 35 Derivatives: Interest rate contracts — — 49 49 Foreign exchange contracts — 1 — 1 Equity contracts — 52 202 254 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 533 — — 533 Assets held in separate accounts 1,485 — — 1,485 Total assets $ 2,492 $ 11,610 $ 725 $ 14,827 Percentage of Level to total 17 % 78 % 5 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives - IUL $ — $ — $ 217 $ 217 Other derivatives: Interest rate contracts — 7 49 56 Foreign exchange contracts — 1 — 1 Equity contracts — 20 — 20 Embedded derivative on reinsurance — 75 — 75 Total liabilities $ — $ 103 $ 266 $ 369 (1) Primarily U.S. dollar denominated. The following table presents the Company's hierarchy for its assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, measured at fair value on a recurring basis as of December 31, 2018 : Level 1 Level 2 Level 3 Total Assets: Fixed maturities, including securities pledged: U.S. Treasuries $ 1,236 $ 187 $ — $ 1,423 U.S. Government agencies and authorities — 74 — 74 State, municipalities and political subdivisions — 1,250 — 1,250 U.S. corporate public securities — 14,842 34 14,876 U.S. corporate private securities — 4,357 1,134 5,491 Foreign corporate public securities and foreign governments (1) — 4,135 — 4,135 Foreign corporate private securities (1) — 4,423 217 4,640 Residential mortgage-backed securities — 4,254 28 4,282 Commercial mortgage-backed securities — 2,749 14 2,763 Other asset-backed securities — 1,531 127 1,658 Total fixed maturities, including securities pledged 1,236 37,802 1,554 40,592 Equity securities 144 — 103 247 Derivatives: Interest rate contracts — 140 39 179 Foreign exchange contracts — 13 — 13 Equity contracts — 2 — 2 Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements 2,628 28 — 2,656 Assets held in separate accounts 64,064 5,805 62 69,931 Total assets $ 68,072 $ 43,790 $ 1,758 $ 113,620 Percentage of Level to total 60 % 38 % 2 % 100 % Liabilities: Derivatives: Guaranteed benefit derivatives (2) $ — $ — $ 44 $ 44 Other derivatives: Interest rate contracts 1 97 39 137 Foreign exchange contracts — 22 — 22 Equity contracts 1 1 — 2 Credit contracts — 3 — 3 Embedded derivative on reinsurance — (5 ) — (5 ) Total liabilities $ 2 $ 118 $ 83 $ 203 (1) Primarily U.S. dollar denominated.
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, and transfers in and out of Level 3 for the period indicated : Year Ended December 31, 2019 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 34 $ (1 ) $ 5 $ 5 $ — $ — $ (7 ) $ 38 $ — $ 74 $ (1 ) U.S. corporate private securities 1,134 — 90 342 — (23 ) (86 ) 11 (11 ) 1,457 — Foreign corporate private securities (1) 217 (24 ) 46 169 — (80 ) — — — 328 2 Residential mortgage-backed securities 28 (11 ) 1 13 — (6 ) — — (2 ) 23 (7 ) Commercial mortgage-backed securities 14 — — — — — — — (14 ) — — Other asset-backed securities 127 — 1 8 — — (3 ) — (55 ) 78 — Total fixed maturities including securities pledged 1,554 (36 ) 143 537 — (109 ) (96 ) 49 (82 ) 1,960 (6 ) Equity securities 103 (17 ) — 42 — — — — — 128 (17 ) Derivatives: Guaranteed benefit derivatives (2)(6) (44 ) (6 ) — — (9 ) — (1 ) — — (60 ) — Assets held in separate accounts (5) 62 4 — 78 — (1 ) — 3 (30 ) 116 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. These amounts are included in Other net realized gains (losses) in the Consolidated Statements of Operations. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. (6) Includes GMWBL, GMWB, FIA, Stabilizer and MCGs. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities related to businesses held for sale and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2019 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 10 $ — $ 2 $ — $ — $ — $ (1 ) $ 22 $ (1 ) $ 32 $ — U.S. corporate private securities 259 — 23 50 — (2 ) (15 ) 1 — 316 — Foreign corporate public securities and foreign governments (1) 11 — (4 ) — — — — — — 7 — Foreign corporate private securities (1) 34 (4 ) 11 52 — (13 ) — — — 80 — Residential mortgage-backed securities — — — — — — — — — — — Commercial mortgage-backed securities — — — — — — — — — — — Other asset-backed securities 11 — — — — — — — (5 ) 6 — Total fixed maturities including securities pledged 325 (4 ) 32 102 — (15 ) (16 ) 23 (6 ) 441 — Equity securities 25 1 — 7 — — — — — 33 1 Derivatives: Guaranteed benefit derivatives - IUL (2) (82 ) (134 ) — — (56 ) — 55 — — (217 ) — Other derivatives, net 83 111 — 45 — — (37 ) — — 202 119 (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2018 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 48 $ — $ (1 ) $ 26 $ — $ (13 ) $ — $ — $ (26 ) $ 34 $ — U.S. corporate private securities 942 5 (48 ) 319 — (20 ) (84 ) 31 (11 ) 1,134 — Foreign corporate private securities (1) 162 (6 ) 6 134 — (57 ) (22 ) — — 217 (13 ) Residential mortgage-backed securities 31 (9 ) — 15 — — — — (9 ) 28 (9 ) Commercial mortgage-backed securities 7 — — 14 — — — — (7 ) 14 — Other asset-backed securities 64 — (3 ) 67 — — (5 ) 29 (25 ) 127 — Total fixed maturities including securities pledged 1,254 (10 ) (46 ) 575 — (90 ) (111 ) 60 (78 ) 1,554 (22 ) Equity securities 87 (7 ) — 25 — (2 ) — — — 103 (8 ) Derivatives: Guaranteed benefit derivatives (2)(6) (147 ) 92 — — (5 ) — 16 — — (44 ) — Other derivatives, net 5 — — — — — (5 ) — — — (5 ) Assets held in separate accounts (5) 11 1 — 67 — (6 ) — — (11 ) 62 — (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. These amounts are included in Other net realized gains (losses) in the Consolidated Statements of Operations. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Net investment income and Total net realized capital gains (losses) in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company. (6) Includes GMWBL, GMWB, FIA, Stabilizer, and MCGs. The following table summarizes the change in fair value of the Company's Level 3 assets and liabilities related to businesses held for sale and transfers in and out of Level 3 for the period indicated: Year Ended December 31, 2018 Fair Value as of January 1 Total Realized/Unrealized Gains (Losses) Included in: Purchases Issuances Sales Settlements Transfers into Level 3 (3) Transfers out of Level 3 (3) Fair Value as of December 31 Change In Unrealized Gains (Losses) Included in Earnings (4) Net Income OCI Fixed maturities, including securities pledged: U.S. corporate public securities $ 9 $ — $ (1 ) $ 5 $ — $ (3 ) $ — $ — $ — $ 10 $ — U.S. corporate private securities 185 2 (11 ) 85 — — (9 ) 8 (1 ) 259 — Foreign corporate public securities and foreign governments (1) 11 — — — — — — — — 11 — Foreign corporate private securities (1) 7 — 2 39 — (13 ) (1 ) — — 34 — Residential mortgage-backed securities 11 — — — — (11 ) — — — — — Commercial mortgage-backed securities 10 — — — — — — — (10 ) — — Other asset-backed securities 27 — (1 ) — — — — 6 (21 ) 11 — Total fixed maturities including securities pledged 260 2 (11 ) 129 — (27 ) (10 ) 14 (32 ) 325 — Equity securities 14 (1 ) — 12 — — — — — 25 (1 ) Derivatives: Guaranteed benefit derivatives - IUL (2) (159 ) 69 — — (53 ) — 61 — — (82 ) — Other derivatives, net 153 (65 ) — 42 — — (47 ) — — 83 (70 ) (1) Primarily U.S. dollar denominated. (2) All gains and losses on Level 3 liabilities are classified as realized gains (losses) for the purpose of this disclosure because it is impracticable to track realized and unrealized gains (losses) separately on a contract-by contract basis. (3) The Company's policy is to recognize transfers in and transfers out as of the beginning of the reporting period. (4) For financial instruments still held as of December 31 amounts are included in Income (loss) from discontinued operations, net of tax in the Consolidated Statements of Operations. (5) The investment income and realized gains (losses) and change in unrealized gains (losses) included in net income for separate account assets are offset by an equal amount for separate account liabilities, which results in a net zero impact on Net income (loss) for the Company.
Fair Value Inputs, Liabilities, Quantitative Information	The following table presents the unobservable inputs for IUL for businesses held for sale as of the dates indicated: Range (1) Unobservable Input December 31, 2019 December 31, 2018 Nonperformance risk 0.22% to 0.42% 0.38% to 0.84% Actuarial Assumptions: Lapses 2% to 10% 2% to 10% Mortality — (2) — (2) (1) Represents the range of reasonable assumptions that management has used in its fair value calculations. (2) The mortality rate is derived based on similarly underwritten business.
Fair Value, by Balance Sheet Grouping	he carrying values and estimated fair values of the Company's financial instruments from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, as of the dates indicated: December 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets: Fixed maturities, including securities pledged $ 43,778 $ 43,778 $ 40,592 $ 40,592 Equity securities 196 196 247 247 Mortgage loans on real estate 6,878 7,262 7,281 7,391 Policy loans 776 776 814 814 Cash, cash equivalents, short-term investments and short-term investments under securities loan agreements 2,644 2,644 2,656 2,656 Derivatives 316 316 194 194 Other investments 320 456 287 369 Assets held in separate accounts 81,670 81,670 69,931 69,931 Liabilities: Investment contract liabilities: Funding agreements without fixed maturities and deferred annuities (2) $ 33,916 $ 41,035 $ 34,053 $ 37,052 Funding agreements with fixed maturities 877 877 657 652 Supplementary contracts, immediate annuities and other 821 872 870 854 Derivatives: Guaranteed benefit derivatives (2) 60 60 44 44 Other derivatives 403 403 164 164 Short-term debt 1 1 1 1 Long-term debt 3,042 3,418 3,136 3,112 Embedded derivative on reinsurance 100 100 (5 ) (5 ) (1) Certain amounts included in Funding agreements without fixed maturities and deferred annuities are also reflected within the Guaranteed benefit derivatives section of the table above. (2) Includes GMWBL, GMWB, FIA, Stabilizer and MCG. The carrying values and estimated fair values of the Company's financial instruments related to businesses held for sale as of the dates indicated: December 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets: Fixed maturities, including securities pledged $ 12,470 $ 12,470 $ 10,529 $ 10,529 Equity securities 35 35 25 25 Mortgage loans on real estate 1,319 1,405 1,395 1,420 Policy loans 1,005 1,005 1,019 1,019 Cash, cash equivalents, short-term investments and short-term investments under securities loan agreements 533 533 734 734 Derivatives 305 305 131 131 Other investments 42 42 25 25 Assets held in separate accounts 1,485 1,485 1,297 1,297 Liabilities: Investment contract liabilities: Funding agreements with fixed maturities $ 927 $ 923 $ 551 $ 545 Supplementary contracts, immediate annuities and other 97 104 106 106 Notes Payable 252 320 222 302 Derivatives: Guaranteed benefit derivatives - IUL 217 217 82 82 Embedded derivative on reinsurance 75 75 26 26

Deferred Policy Acquisition C_2

Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	The following table presents a rollforward of DAC and VOBA for the periods indicated: DAC VOBA Total Balance at January 1, 2017 $ 2,077 $ 811 $ 2,888 Deferrals of commissions and expenses 126 8 134 Amortization: Amortization, excluding unlocking (235 ) (152 ) (387 ) Unlocking (1) (71 ) (89 ) (160 ) Interest accrued 129 65 (2) 194 Net amortization included in Consolidated Statements of Operations (177 ) (176 ) (353 ) Change in unrealized capital gains/losses on available-for-sale securities (91 ) (87 ) (178 ) Balance at December 31, 2017 1,935 556 2,491 Deferrals of commissions and expenses 97 9 106 Amortization: Amortization, excluding unlocking (241 ) (103 ) (344 ) Unlocking (1) (62 ) (10 ) (72 ) Interest accrued 125 58 (2) 183 Net amortization included in Consolidated Statements of Operations (178 ) (55 ) (233 ) Change in unrealized capital gains/losses on available-for-sale securities 301 308 609 Balance as of December 31, 2018 2,155 818 2,973 Deferrals of commissions and expenses 102 8 110 Amortization: Amortization, excluding unlocking (303 ) (134 ) (437 ) Unlocking (1) 12 48 60 Interest accrued 122 56 (2) 178 Net amortization included in Consolidated Statements of Operations (169 ) (30 ) (199 ) Change in unrealized capital gains/losses on available-for-sale securities (326 ) (332 ) (658 ) Balance as of December 31, 2019 $ 1,762 $ 464 $ 2,226 (1) There was no loss recognition for DAC and VOBA during 2019 , 2018 and 2017 . Unlocking for 2018 and 2017 includes unfavorable amounts associated with an update to assumptions related to customer consents of changes to guaranteed minimum interest rate provisions. The 2018 amounts were $25 and $26 for DAC and VOBA, respectively and the 2017 amounts were $80 and $140 for DAC and VOBA, respectively. (2) Interest accrued at the following rates for VOBA: 3.5% to 7.4% during 2019 and 2018 , and 4.0% to 7.4% during 2017 .
Estimated Amount of VOBA Amortization Expense	The estimated amount of VOBA amortization expense, net of interest, during the next five years is presented in the following table. Actual amortization incurred during these years may vary as assumptions are modified to incorporate actual results and/or changes in best estimates of future results. Year Amount 2020 $ 50 2021 48 2022 45 2023 44 2024 43

Reserves for Future Policy Be_2

Reserves for Future Policy Benefits and Contract Owner Account Balances (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Schedule of Future Policy Benefits and Contract Owner Account Balances	Future policy benefits and contract owner account balances were as follows as of December 31, 2019 and 2018 : 2019 2018 Future policy benefits: Individual and group life insurance contracts $ 2,982 $ 3,341 Product guarantees on universal life and deferred annuity contracts, and payout contracts with life contingencies 6,141 5,435 Accident and health 822 811 Total $ 9,945 $ 9,587 Contract owner account balances: Universal life-type contracts $ 5,300 $ 5,563 Fixed annuities and payout contracts without life contingencies 34,746 34,962 Funding agreements and other 877 658 Total $ 40,923 $ 41,183

Guaranteed Benefit Features (Ta

Guaranteed Benefit Features (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Schedule of Minimum Guaranteed Benefit Liabilities	The paid and incurred amounts were as follows for the years ended December 31, 2019 , 2018 and 2017 : Continuing Operations (6) Business Held for Sale UL and VUL (1) Stabilizer and MCGs (3) Other (4) UL and VUL (2) Other (5) Separate account liability at December 31, 2019 $ 295 $ 39,235 $ 1,486 $ 203 $ 10 Separate account liability at December 31, 2018 $ 261 $ 37,155 $ 1,854 $ 174 $ 8 Additional liability balance: Balance at January 1, 2017 $ 467 $ 150 73 848 3,365 Incurred guaranteed benefits (34 ) (53 ) (28 ) 135 (998 ) Paid guaranteed benefits (121 ) — (1 ) (114 ) (190 ) Balance at December 31, 2017 312 97 44 869 2,177 Incurred guaranteed benefits 193 (92 ) 2 259 — Paid guaranteed benefits (157 ) — (2 ) (137 ) — Adjustment for the close of The 2018 Transaction — — — — (2,177 ) Balance at December 31, 2018 348 5 44 991 — Incurred guaranteed benefits 209 17 (9 ) 177 — Paid guaranteed benefits (163 ) — — (155 ) — Balance at December 31, 2019 $ 394 $ 22 $ 35 $ 1,013 $ — (1) The additional liability balances as of December 31, 2019 , 2018 , 2017 and as of January 1, 2017 are presented net of reinsurance of $1,005 , $899 , $906 and 671 , respectively. (2) The additional liability balances as of December 31, 2019 , 2018 , 2017 and as of January 1, 2017 are presented net of reinsurance of 569 , 552 , 603 and 521 , respectively. (3) The Separate account liability at December 31, 2019 and 2018 includes $31.9 billion and $29.0 billion , respectively, of externally managed assets, which are not reported on the Company's Consolidated Balance Sheets. (4) Includes GMDB/GMWBL/GMIB. (5) Separate Account liability relates to the Individual Life Transaction. Additional liability balance relates to the 2018 Transaction. (6) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction.
Schedule of Net Amount of Risk by Product and Guarantee	The net amount at risk for the secondary guarantees is equal to the current death benefit in excess of the account values. The general and separate account values, net amount at risk, net of reinsurance and the weighted average attained age of contract owners by type of minimum guaranteed benefit for UL and VUL contracts were as follows as of December 31, 2019 and 2018 : December 31, 2019 December 31, 2018 Continuing Operations: (1) Secondary Guarantees Paid-up Guarantees Secondary Guarantees Paid-up Guarantees UL and VUL Contracts: Account value (general and separate account) $ 1,397 $ — $ 1,432 $ — Net amount at risk, net of reinsurance 3,978 — 4,144 — Weighted average attained age 72 — 72 — (1) Includes amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction. December 31, 2019 December 31, 2018 Business held for sale: Secondary Guarantees Paid-up Guarantees Secondary Guarantees Paid-up Guarantees UL and VUL Contracts: Account value (general and separate account) $ 1,697 $ — $ 1,701 $ — Net amount at risk, net of reinsurance 11,018 — 11,317 — Weighted average attained age 63 — 63 —
Schedule of Fair Value of Separate Accounts by Major Category of Investment	Account balances of contracts with guarantees invested in variable separate accounts were as follows as of December 31, 2019 and 2018 : Continuing Operations (1) Business Held for Sale December 31, 2019 December 31, 2018 December 31, 2019 December 31, 2018 Equity securities (including mutual funds): Equity funds $ 1,904 $ 1,723 $ 150 $ 127 Bond funds 184 185 18 16 Balanced funds 329 302 37 31 Money market funds 46 49 5 4 Other 10 9 3 3 Total $ 2,473 $ 2,268 $ 213 $ 181

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Effects of Reinsurance	Information regarding the effect of reinsurance on the Consolidated Balance Sheets is as follows as of the periods indicated: December 31, 2019 Direct Assumed Ceded Total, Net of Reinsurance Assets Premiums receivable $ 125 $ 12 $ (87 ) $ 50 Reinsurance recoverable — — 3,682 3,682 Total $ 125 $ 12 $ 3,595 $ 3,732 Liabilities Future policy benefits and contract owner account balances $ 49,757 $ 1,111 $ (3,682 ) $ 47,186 Liability for funds withheld under reinsurance agreements 88 — — 88 Total $ 49,845 $ 1,111 $ (3,682 ) $ 47,274 December 31, 2018 Direct Assumed Ceded Total, Net of Reinsurance Assets Premiums receivable $ 121 $ 11 $ (85 ) $ 47 Reinsurance recoverable — — 3,796 3,796 Total $ 121 $ 11 $ 3,711 $ 3,843 Liabilities Future policy benefits and contract owner account balances $ 49,568 $ 1,202 $ (3,796 ) $ 46,974 Liability for funds withheld under reinsurance agreements (5 ) — — (5 ) Total $ 49,563 $ 1,202 $ (3,796 ) $ 46,969 Information regarding the effect of reinsurance on the Consolidated Statement of Operations is as follows for the periods indicated: Year ended December 31, 2019 2018 2017 Premiums: Direct premiums $ 2,759 $ 2,602 $ 2,597 Reinsurance assumed 827 956 1,152 Reinsurance ceded (1,313 ) (1,426 ) (1,652 ) Net premiums $ 2,273 $ 2,132 $ 2,097 Fee income: Gross fee income $ 1,970 $ 1,983 $ 1,890 Reinsurance ceded (1 ) (1 ) (1 ) Net fee income $ 1,969 $ 1,982 $ 1,889 Interest credited and other benefits to contract owners / policyholders: Direct interest credited and other benefits to contract owners / policyholders $ 4,186 $ 3,912 $ 4,090 Reinsurance assumed 9 554 23 Reinsurance ceded (1) (445 ) (940 ) (455 ) Net interest credited and other benefits to contract owners / policyholders $ 3,750 $ 3,526 $ 3,658 (1) Includes $232 , $216 and $219 for amounts paid to reinsurers in connection with the Company's UL contracts for the years ended December 31, 2019 , 2018 and 2017 , respectively.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of other intangible assets	The following table presents other intangible assets as of the dates indicated: Weighted Average Amortization Lives December 31, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Management contract rights 20 years $ 550 $ 532 $ 18 $ 550 $ 504 $ 46 Customer relationship lists 20 years 120 91 29 120 83 37 Computer software 3 years 410 370 40 404 366 38 Total intangible assets $ 1,080 $ 993 $ 87 $ 1,074 $ 953 $ 121
Schedule of estimated amortization expense of intangible assets	The estimated amortization of intangible assets are as follows: Year Amount 2020 $ 46 2021 21 2022 9 2023 4 2024 3

Share-based Incentive Compens_2

Share-based Incentive Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments	Share-based Incentive Compensation Plans ING U.S., Inc. 2013 Omnibus Employee Incentive Plan, Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan and 2019 Omnibus Employee Incentive Plan The Company has provided equity-based compensation awards to its employees under the ING U.S., Inc. 2013 Omnibus Employee Incentive Plan (the "2013 Omnibus Plan") and the Voya Financial, Inc. 2014 Omnibus Employee Incentive Plan (the "2014 Omnibus Plan"). At inception of the 2013 Omnibus Plan, a total of 7,650,000 shares of Company common stock were reserved and available for issuance under the plan. As of December 31, 2019 , common stock reserved and available for issuance under the 2013 Omnibus Plan was 347,663 shares. The 2013 Omnibus Plan is no longer actively used for new grants of equity-based compensation awards. The 2014 Omnibus Plan was adopted by the Company's Board of Directors and approved by shareholders in 2014, and has substantially the same terms as the 2013 Omnibus Plan, except for certain changes intended to allow certain performance-based compensation awards to comply with the criteria for tax deductibility set forth in Section 162(m) of the Internal Revenue Code. The 2014 Omnibus Plan provides for 17,800,000 shares of common stock to be available for issuance as equity-based compensation awards. As of December 31, 2019 , common stock reserved and available for issuance under the 2014 Omnibus Plan was 3,519,189 shares. On March 27, 2019, the Company's Board of Directors adopted, subject to shareholder approval, the Voya Financial, Inc. 2019 Omnibus Employee Incentive Plan (the "2019 Omnibus Plan"). Shareholder approval for the 2019 Omnibus Plan was subsequently obtained at the Annual Meeting of Shareholders held on May 23, 2019. The 2019 Omnibus Plan provides for 11,700,000 shares of common stock to be available for issuance as equity-based compensation awards, subject to other provisions of the plan for replacement of shares and adjustments. As of December 31, 2019 , common stock reserved and available for issuance under the 2019 Omnibus Plan was 11,802,649 shares. The 2013 Omnibus Plan, the 2014 Omnibus Plan and the 2019 Omnibus Plan (together, the "Omnibus Plans") each permit the granting of a wide range of equity-based awards, including RSUs, which represent the right to receive a number of shares of Company common stock upon vesting; restricted stock, which are shares of Company stock that are issued subject to sale and transfer restrictions until the vesting conditions are met; PSUs, which are RSUs subject to certain performance-based vesting conditions, and under which the number of shares of common stock delivered upon vesting varies with the level of achievement of performance criteria; and stock options. Grants of equity-based awards under the Omnibus Plans are approved in advance by the Compensation and Benefits Committee (the "Committee") of the Board of Directors of the Company, and are subject to such terms and conditions as the Committee may determine, including in respect of vesting and forfeiture, subject to certain limitations provided in the Omnibus Plans. Equity-based awards under the Omnibus Plans may carry dividend equivalent rights, pursuant to which notional dividends accumulate on unvested equity awards and are paid, in cash, upon vesting. Except for stock option awards made during 2015 and 2019, awards made under the Omnibus Plans, to date, have included dividend equivalent rights. Dividend equivalents are credited to the recipient and are paid only to the extent the applicable performance criteria and service conditions are met. During each of the year s ended December 31, 2019 , 2018 and 2017 the Company awarded RSUs and PSUs to its employees under the Omnibus Plans. The PSU awards entitle recipients to receive, upon vesting, a number of shares of common stock that ranges from 0% to 150% of the number of PSUs awarded, depending on the level of achievement of the specified performance conditions. The establishment and the achievement of performance objectives are determined and approved by the Committee. Except under certain termination conditions, RSUs and PSUs generally vest no earlier than one year from the date of the award and no later than three years from the date of the award. In the case of retirement (eligibility for which is based on the employee's age and years of service as provided in the relevant award agreement), awards vest in full, but subject to the satisfaction of any applicable performance criteria. In December 2015, the Company also awarded contingent stock options ("2015 Stock Options") under the 2014 Omnibus Plan. These options are subject to vesting conditions based on the achievement of specified performance measures, and generally become exercisable one year following satisfaction of the relevant vesting condition. The options have a term of ten years from the grant date. In February 2019, the Company awarded contingent stock options ("2019 Stock Options") under the 2014 Omnibus Plan. These options are subject to vesting conditions based on the achievement of specified performance measures, and generally become exercisable one year following satisfaction of the relevant vesting condition. The options have a term of ten years from the grant date. If an award under the Omnibus Plans is forfeited, expired, terminated or otherwise lapses, the shares of Company common stock underlying that award will again become available for issuance. Shares withheld by the Company to pay employee taxes, or which are withheld by or tendered to the Company to pay the exercise price of stock options (or are repurchased from an option holder by the Company with proceeds from the exercise of stock options) are not available for reissuance. Voya Financial, Inc. 2013 Omnibus Non-Employee Director Incentive Plan The Company offers equity-based awards to Voya Financial, Inc. non-employee directors under the Voya Financial, Inc. 2013 Omnibus Non-Employee Director Incentive Plan ("2013 Director Plan”), which the Company adopted in connection with the IPO. A total of 288,000 shares of Company common stock may be issued under the 2013 Director Plan. The material terms of the 2013 Director Plan are substantially consistent with the material terms of the 2013 Omnibus Plan described above. During the year s ended December 31, 2019 , 2018 , and 2017 , the Company granted 18,571 , 22,637 and 27,261 RSUs, respectively, to certain of its non-employee directors. The awards granted vest in full on the first anniversary of the grant date, however, no shares are delivered in connection with the RSUs until such time as the director's service on the Board is terminated. Compensation Cost The fair value of stock options was estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted in 2015 and 2019: 2015 Stock Options 2019 Stock Options Expected volatility 28.6 % 26.5 % Expected term (in years) 6.02 5.99 Strike price $ 37.60 $ 50.03 Risk-free interest rate 2.1 % 2.7 % Expected dividend yield 0.11 % 1.00 % Weighted average estimated fair value $ 11.89 $ 13.78 During the year ended December 31, 2017, all outstanding 2015 Stock Options vested as the necessary performance conditions were satisfied. The Company utilized the simplified method for the expected term calculations. At the time of grant, the Company did not have historical exercises on which to base its own estimate. Additionally, exercise data relating to employees of comparable companies was not easily obtainable. Furthermore, because the Company did not have historical stock prices for a period at least equal to the expected term, the Company estimated Expected volatilities were based on the Company's life-to-date historical volatility using a weighted-average consisting 70% of historical peer group volatility and 30% of the historical volatility of the Company common stock. The contractual term for exercising the options is ten years . The vesting of the 2019 Stock Options was contingent on the satisfaction of performance conditions on or before December 31, 2020; the Company assumed for purposes of the award's fair value that such conditions would be met in full on or prior to such date. The Company utilized the simplified method for the expected term calculations. At the time of grant, the Company did not have historical exercises on which to base its own estimate. Additionally, exercise data relating to employees of comparable companies was not easily obtainable. Expected volatilities were based on the Company's life-to-date historical volatility. The contractual term for exercising the options is ten years . The fair value of the TSR component of the PSU awards was estimated using a Monte Carlo simulation. The following is a summary of the significant assumptions used to calculate the fair value of the TSR component of the PSU awards granted during the periods indicated: 2019 2018 2017 Expected volatility of the Company's common stock 28.29 % 28.58 % 26.67 % Average expected volatility of peer companies 25.15 % 26.76 % 27.43 % Expected term (in years) 2.86 2.86 2.86 Risk-free interest rate 2.48 % 2.40 % 1.45 % Expected dividend yield — % — % — % Average correlation coefficient of peer companies 63 % 67 % 68 % The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans and Director Plan for the periods indicated: Year Ended December 31, 2019 2018 2017 RSUs $ 45 $ 49 $ 57 PSU awards 44 43 44 Stock options 8 5 16 Other (1) — — 1 Total 97 97 118 Income tax benefit 29 18 39 Share-based compensation $ 68 $ 79 $ 79 (1) Includes compensation cost for legacy plans, under which no new awards are being issued. The following table summarizes the unrecognized compensation cost and expected remaining weighted-average period of expense recognition as of December 31, 2019 : RSUs PSU Awards Stock Options Unrecognized compensation cost $ 22 $ 32 $ 6 Expected remaining weighted-average period of expense recognition (in years) 1.7 1.6 1.4 Awards Outstanding The following table summarizes RSU and PSU awards activity under the Omnibus Plans for the periods indicated: RSU Awards PSU Awards (awards in millions) Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Outstanding at January 1, 2019 2.4 $ 43.36 2.5 $ 40.21 Adjusted for PSU performance factor N/A N/A 0.3 31.35 Granted 0.9 50.15 0.7 51.64 Vested (1.3 ) 39.93 (1.2 ) 29.25 Forfeited (0.1 ) 48.73 (0.1 ) 49.16 Outstanding at December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 Awards expected to vest as of December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 The weighted-average grant date fair value for RSU awards granted during the year ended December 31, 2019 , 2018 and 2017 was $50.15 , $50.55 and $42.30 , respectively. The weighted-average grant date fair value for PSU awards granted during the years ended December 31, 2019 , 2018 and 2017 was $51.64 , $53.21 and $42.32 , respectively. The total fair value of shares vested for the year s ended December 31, 2019 , 2018 , and 2017 was $124 , $99 and $102 , respectively. The following table summarizes the number of options under the Omnibus Plans for the periods indicated: Stock Options (awards in millions) Number of Awards Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of January 1, 2019 2.6 $ 37.60 6.96 $ 6.6 Granted 1.0 50.03 Exercised (0.7 ) 37.60 Forfeited — * 45.56 Outstanding as of December 31, 2019 2.9 $ 41.93 7.07 $ 53.5 Vested, exercisable, as of December 31, 2019 1.9 37.60 5.96 42.8 * Less than 0.1. The total intrinsic value of options exercised during the years ended December 31, 2019 and 2018 was $12 and $5 . No options were exercised in 2017 .
Schedule of Valuation Assumptions	The vesting of the 2019 Stock Options was contingent on the satisfaction of performance conditions on or before December 31, 2020; the Company assumed for purposes of the award's fair value that such conditions would be met in full on or prior to such date. The Company utilized the simplified method for the expected term calculations. At the time of grant, the Company did not have historical exercises on which to base its own estimate. Additionally, exercise data relating to employees of comparable companies was not easily obtainable. Expected volatilities were based on the Company's life-to-date historical volatility. The contractual term for exercising the options is ten years . The fair value of the TSR component of the PSU awards was estimated using a Monte Carlo simulation. The following is a summary of the significant assumptions used to calculate the fair value of the TSR component of the PSU awards granted during the periods indicated: 2019 2018 2017 Expected volatility of the Company's common stock 28.29 % 28.58 % 26.67 % Average expected volatility of peer companies 25.15 % 26.76 % 27.43 % Expected term (in years) 2.86 2.86 2.86 Risk-free interest rate 2.48 % 2.40 % 1.45 % Expected dividend yield — % — % — % Average correlation coefficient of peer companies 63 % 67 % 68 % The fair value of stock options was estimated using the Black-Scholes option pricing model. The following is a summary of the assumptions used in this model for the stock options granted in 2015 and 2019: 2015 Stock Options 2019 Stock Options Expected volatility 28.6 % 26.5 % Expected term (in years) 6.02 5.99 Strike price $ 37.60 $ 50.03 Risk-free interest rate 2.1 % 2.7 % Expected dividend yield 0.11 % 1.00 % Weighted average estimated fair value $ 11.89 $ 13.78
Schedule of Compensation Cost Recognized and Related Income Tax Benefit for Stock Based Compensation Plans	The following table summarizes share-based compensation expense, which includes expenses related to awards granted under the Omnibus Plans and Director Plan for the periods indicated: Year Ended December 31, 2019 2018 2017 RSUs $ 45 $ 49 $ 57 PSU awards 44 43 44 Stock options 8 5 16 Other (1) — — 1 Total 97 97 118 Income tax benefit 29 18 39 Share-based compensation $ 68 $ 79 $ 79 (1) Includes compensation cost for legacy plans, under which no new awards are being issued. The following table summarizes the unrecognized compensation cost and expected remaining weighted-average period of expense recognition as of December 31, 2019 : RSUs PSU Awards Stock Options Unrecognized compensation cost $ 22 $ 32 $ 6 Expected remaining weighted-average period of expense recognition (in years) 1.7 1.6 1.4
Schedule of Summary of the Fair Value of Awards Vested	The following table summarizes RSU and PSU awards activity under the Omnibus Plans for the periods indicated: RSU Awards PSU Awards (awards in millions) Number of Awards Weighted Average Grant Date Fair Value Number of Awards Weighted Average Grant Date Fair Value Outstanding at January 1, 2019 2.4 $ 43.36 2.5 $ 40.21 Adjusted for PSU performance factor N/A N/A 0.3 31.35 Granted 0.9 50.15 0.7 51.64 Vested (1.3 ) 39.93 (1.2 ) 29.25 Forfeited (0.1 ) 48.73 (0.1 ) 49.16 Outstanding at December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 Awards expected to vest as of December 31, 2019 1.9 $ 48.56 2.2 $ 48.85 The weighted-average grant date fair value for RSU awards granted during the year ended December 31, 2019 , 2018 and 2017 was $50.15 , $50.55 and $42.30 , respectively. The weighted-average grant date fair value for PSU awards granted during the years ended December 31, 2019 , 2018 and 2017 was $51.64 , $53.21 and $42.32 , respectively. The total fair value of shares vested for the year s ended December 31, 2019 , 2018 , and 2017 was $124 , $99 and $102 , respectively. The following table summarizes the number of options under the Omnibus Plans for the periods indicated: Stock Options (awards in millions) Number of Awards Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value Outstanding as of January 1, 2019 2.6 $ 37.60 6.96 $ 6.6 Granted 1.0 50.03 Exercised (0.7 ) 37.60 Forfeited — * 45.56 Outstanding as of December 31, 2019 2.9 $ 41.93 7.07 $ 53.5 Vested, exercisable, as of December 31, 2019 1.9 37.60 5.96 42.8 * Less than 0.1.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of Common Stock Outstanding Roll Forward	The following table presents the rollforward of common shares used in calculating the weighted average shares utilized in the basic earnings per common share calculation for the periods indicated: Common Shares (shares in millions) Issued Held in Treasury Outstanding Balance, January 1, 2017 268.0 73.4 194.6 Common Shares issued — * — — * Common Shares acquired - share repurchase — 24.4 (24.4 ) Share-based compensation programs 2.0 0.2 1.8 Balance, December 31, 2017 270.0 98.0 172.0 Common Shares issued — — — Common Shares acquired - share repurchase — 22.8 (22.8 ) Share-based compensation programs 2.4 0.6 1.8 Balance, December 31, 2018 272.4 121.4 151.0 Common Shares issued 0.1 — 0.1 Common Shares acquired - share repurchase — 21.1 (21.1 ) Share-based compensation programs 3.2 0.9 2.3 Treasury Stock retirement (135.0 ) (135.0 ) — Balance, December 31, 2019 140.7 8.4 132.3 * Less than 0.1.
Dividends Declared	Dividends declared per share of Common Stock were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Dividends declared per share of Common Stock $ 0.32 $ 0.04 $ 0.04
Accelerated Share Repurchases	Share Repurchase Program From time to time, the Company's Board of Directors authorizes the Company to repurchase shares of its common stock. These authorizations permit stock repurchases up to a prescribed dollar amount and generally may be accomplished through various means, including, without limitation, open market transactions, privately negotiated transactions, forward, derivative, or accelerated repurchase, or automatic repurchase transactions, including 10b5-1 plans, or tender offers. Share repurchase authorizations typically expire if unused by a prescribed date. On May 2, 2019, the Board of Directors provided share repurchase authorization, increasing the aggregate of the Company's common stock authorized for repurchase by $500 . On October 31, 2019, the Board of Directors provided its most recent share repurchase authorization, increasing the aggregate amount of the Company's common stock authorized for repurchase by $800 . The additional share repurchase authorization expires on December 21, 2020 (unless extended), and does not obligate the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased or decreased by the Board of Directors at any time. The following table presents repurchases of the Company's common stock through share repurchase agreements with third-party financial institutions for the year ended December 31, 2019 and December 31, 2017 . The Company did not enter into any share repurchase agreements in 2018. 2019 Execution Date Payment Initial Shares Delivered Closing Date Additional Shares Delivered Total Shares Repurchased January 3, 2019 $ 250 5,059,449 April 4, 2019 290,765 5,350,214 April 9, 2019 $ 236 3,593,453 June 4, 2019 879,199 4,472,652 June 19, 2019 $ 200 2,963,512 August 6, 2019 695,566 3,659,078 December 19, 2019 $ 200 2,591,093 (1) (1) (1) (1) This arrangement is scheduled to terminate no later than the end of first quarter of 2020, at which time the Company will settle any outstanding positive or negative share balances based on the daily volume-weighted average price of the Company's common stock. 2017 Execution Date Payment Initial Shares Delivered Closing Date Additional Shares Delivered Total Shares Repurchased March 9, 2017 $ 150 — April 12, 2017 3,986,647 3,986,647 December 26, 2017 $ 500 7,821,666 March 26, 2018 1,947,413 9,769,079
Open Market Repurchase	The following table presents repurchases of our common stock through open market repurchases for the periods indicated: ($ in millions) Year Ended December 31, 2019 2018 2017 Shares of common stock 4,926,775 20,843,047 7,437,994 Payment $ 250 $ 1,025 $ 273
Schedule of Preferred Stock Issued and Outstanding	As of December 31, 2019 and December 31, 2018 , there were 100,000,000 shares of preferred stock authorized. Preferred stock issued and outstanding are as follows: December 31, 2019 December 31, 2018 Series Issued Outstanding Issued Outstanding 6.125% Non-cumulative Preferred Stock, Series A 325,000 325,000 325,000 325,000 5.35% Non-cumulative Preferred Stock, Series B 300,000 300,000 — — Total 625,000 625,000 325,000 325,000 As of December 31, 2019 , there were no preferred stock dividends in arrears.

Earnings per Common Share Earni

Earnings per Common Share Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents a reconciliation of Net income (loss) and shares used in calculating basic and diluted net income (loss) per common share for the periods indicated: (in millions, except for per share data) Year Ended December 31, Earnings 2019 2018 2017 Net income (loss) available to common shareholders Income (loss) from continuing operations $ 765 $ 491 $ (302 ) Less: Preferred stock dividends 28 — — Less: Net income (loss) attributable to noncontrolling interest 50 145 217 Income (loss) from continuing operations available to common shareholders 687 346 (519 ) Income (loss) from discontinued operations, net of tax (1,066 ) 529 (2,473 ) Net income (loss) available to common shareholders $ (379 ) $ 875 $ (2,992 ) Weighted-average common shares outstanding Basic 141.0 163.2 184.1 Dilutive Effects: (1) Warrants (2) 2.1 0.8 — RSUs (3) 1.4 1.7 — PSU awards (3) 1.9 1.9 — Stock Options (4) 0.6 0.6 — Diluted 147.0 168.2 184.1 Basic (5) Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 4.88 $ 2.12 $ (2.82 ) Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (7.57 ) $ 3.24 $ (13.43 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ (2.69 ) $ 5.36 $ (16.25 ) Diluted (5) Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 4.68 $ 2.05 $ (2.82 ) Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (7.26 ) $ 3.14 $ (13.43 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ (2.58 ) $ 5.20 $ (16.25 ) (1) For the years ended December 31, 2019 and December 31, 2017 , weighted average shares used for calculating earnings per share excludes the impact of forward contracts related to the share repurchase agreements entered into on December 19, 2019 and December 26, 2017, respectively, as the inclusion of these instruments would be antidilutive to the earnings per share calculation. For more information on the share repurchase agreements, see the Shareholders' Equity Note to these Consolidated Financial Statements. (2) For the year ended December 31, 2017 , weighted average shares used for calculating earnings per share excludes the impact of warrants, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to "out of the moneyness" in the period presented. For more information on warrants, see the Shareholders' Equity Note to these Consolidated Financial Statements. (3) For the year ended December 31, 2017 , weighted average shares used for calculating basic and diluted earnings per share are the same, as the inclusion of 1.9 and 0.8 shares for stock compensation plans of RSU and PSU awards, respectively, would be antidilutive to the earnings per share calculation due to the net loss from continuing operations during the period. (4) For the year ended December 31, 2017 , weighted average shares used for calculating basic and diluted earnings per share excludes the dilutive impact of stock options, as the inclusion of this equity instrument would be antidilutive to the earnings per share calculation due to the average share price for the period presented. For more information on stock options, see the Share-based Incentive Compensation Plans Note to these Consolidated Financial Statements. (5) Basic and diluted earnings per share are calculated using unrounded, actual amounts. Therefore, the components of earnings per share may not sum to its corresponding total.

Insurance Subsidiaries (Tables)

Insurance Subsidiaries (Tables)	12 Months Ended
	Dec. 31, 2019
Insurance [Abstract]
Schedule of Statutory Net Income (Loss)	Statutory Net income (loss) for the years ended December 31, 2019 , 2018 and 2017 and statutory capital and surplus as of December 31, 2019 and 2018 of the Company's Principal Insurance Subsidiaries (and for 2017, VIAC, which the Company sold in connection with the 2018 Transaction) are as follows: Statutory Net Income (Loss) Statutory Capital and Surplus 2019 2018 2017 2019 2018 Subsidiary Name (State of Domicile): Voya Retirement Insurance and Annuity Company ("VRIAC") (CT) $ 325 $ 377 $ 195 $ 2,005 $ 2,000 Security Life of Denver Insurance Company (CO) (226 ) (62 ) 58 881 965 ReliaStar Life Insurance Company ("RLI") (MN) 35 101 234 1,536 1,633 Voya Insurance and Annuity Company ("VIAC") (IA) (1) N/A N/A 514 N/A N/A
Schedule of Surplus Notes	As of December 31, 2019, SLD had the following surplus notes outstanding to its affiliate SLDI Georgia Holdings, Inc. "(Georgia Holdings"). Issuance Date Maturity 2019 2018 12/21/1994 4/15/2021 $ 40 $ 60 12/19/2000 4/15/2021 26 39 4/15/2017 4/15/2042 61 61 4/15/2018 4/15/2043 62 62 4/15/2019 4/15/2044 63 — Upon the closing of the Resolution MTA, Voya Financial, Inc., through one of its affiliates, will retain surplus notes issued by SLD in the amount of $123 under modified terms.
Schedule of Dividends Permitted and Dividends Paid and Return of Capital Distributions	The following table summarizes dividends permitted to be paid by the Company's Principal Insurance Subsidiaries to Voya Financial, Inc. or Voya Holdings without the need for insurance regulatory approval and dividends and extraordinary distributions paid by each of the Company's Principal Insurance Subsidiaries to its parent for the periods indicated: Dividends Permitted without Approval Dividends Paid Extraordinary Distributions Paid Year Ended December 31, Year Ended December 31, 2020 2019 2019 2018 2019 2018 Subsidiary Name (State of domicile): Voya Retirement Insurance and Annuity Company (CT) $ 295 $ 396 $ 396 $ 126 $ — $ — Security Life of Denver Insurance Company (CO) — — — 52 — — ReliaStar Life Insurance Company (MN) — — — — 360 —

Employee Benefit Arrangements (

Employee Benefit Arrangements (Tables)	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan	The following tables summarize a reconciliation of beginning and ending balances of the benefit obligation and fair value of plan assets, as well as the funded status of the Company's Plans for the years ended December 31, 2019 and 2018 : 2019 2018 Change in benefit obligation: Benefit obligations, January 1 $ 2,140 $ 2,294 Service cost 24 25 Interest cost 92 86 Net actuarial (gains) losses 259 (157 ) Benefits paid (106 ) (108 ) (Gain) loss recognized due to curtailment 1 — Benefit obligations, December 31 2,410 2,140 Change in plan assets: Fair value of plan net assets, January 1 1,605 1,764 Actual return on plan assets 376 (78 ) Employer contributions 85 27 Benefits paid (106 ) (108 ) Fair value of plan net assets, December 31 1,960 1,605 Unfunded status at end of year (1) $ (450 ) $ (535 ) (1) Funded status is not indicative of the Company's ability to pay ongoing pension benefits or of its obligation to fund retirement trusts. Required pension funding for qualified plans is determined in accordance with ERISA regulations.
Schedule of Defined Benefit Plan Amounts Recognized in Balance Sheet and Accumulated Other Comprehensive Income (Loss)	The following table summarizes amounts related to the Plans recognized on the Consolidated Balance Sheets and in AOCI as of December 31, 2019 and 2018 : 2019 2018 Amounts recognized in the Consolidated Balance Sheets consist of: Accrued benefit cost $ (450 ) $ (535 ) Net amount recognized $ (450 ) $ (535 ) Accumulated other comprehensive (income) loss: Prior service cost (credit) $ — $ (1 ) Tax effect — — Accumulated other comprehensive (income) loss, net of tax $ — $ (1 )
Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets	The following table summarizes information for the Plans with a projected benefit obligation and an accumulated benefit obligation in excess of plan assets as of December 31, 2019 and 2018 : 2019 2018 Projected benefit obligation $ 2,410 $ 2,140 Accumulated benefit obligation 2,404 2,134 Fair value of plan assets 1,960 1,605
Schedule of Components of Net Periodic Benefit Cost	The components of net periodic benefit costs recognized in Operating expenses in the Consolidated Statements of Operations and other changes in plan assets and benefit obligations recognized in Other comprehensive income (loss) related to the Plans were as follows for the years ended December 31, 2019 , 2018 and 2017 : 2019 2018 2017 Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations: Service cost $ 24 $ 25 $ 24 Interest cost 92 86 93 Expected return on plan assets (113 ) (129 ) (115 ) Amortization of prior service cost (credit) — (9 ) (10 ) (Gain) loss recognized due to curtailment 1 — 1 Net (gain) loss recognition (4 ) 50 14 Net periodic (benefit) costs — 23 7 Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI: Amortization of prior service (credit) cost — 9 10 (Credit) cost recognized due to curtailment (1 ) — 2 Total recognized in AOCI (1 ) 9 12 Total recognized in net periodic (benefit) costs and AOCI $ (1 ) $ 32 $ 19 The table below summarizes the components of the net actuarial (gains) losses related to the Plans reported within Operating expenses in the Consolidated Statements of Operations for the periods presented: (Gain)/Loss Recognized 2019 2018 2017 Discount Rate $ 292 $ (160 ) $ 196 Asset Returns (263 ) 207 (142 ) Mortality Table Assumptions (22 ) (6 ) (14 ) Demographic Data and other (11 ) 9 (25 ) Total Net Actuarial (Gain)/Loss Recognized $ (4 ) $ 50 $ 14
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year	The Company does not expect any prior service cost to be amortized from AOCI into net periodic (benefit) cost in 2020.
Schedule of Assumptions Used	The discount rates used in determining pension benefit obligations as of December 31, 2019 and 2018 were as follows: 2019 2018 Discount rate 3.36 % 4.46 % In determining the discount rate assumption, the Company utilizes current market information provided by its plan actuaries including discounted cash flow analyses of the Company’s pension and general movements in the current market environment. The discount rate modeling process involves selecting a portfolio of high quality, noncallable bonds that will match the cash flows of the pension plans. The weighted-average assumptions used in determining net benefit cost of the Plans for the years ended December 31, 2019 , 2018 and 2017 were as follows: 2019 2018 2017 Discount rate 4.37 % 3.85 % 4.55 % Expected rate of return on plan assets 6.75 % 7.50 % 7.50 % The expected return on plan assets is updated at least annually using the calculated value approach, taking into consideration the Retirement Plan’s asset allocation, historical returns on the types of assets held in the Retirement Plan's portfolio of assets ("the Fund") and the current economic environment. Based on these factors, it is expected that the Fund’s assets will earn an average percentage per year over the long term. This estimation is based on an active return on a compound basis, with a reduction for administrative expenses and non-Voya investment manager fees paid from the Fund. For estimation purposes, it is assumed the long-term asset mix will be consistent with the current mix. Changes in the asset mix could impact the amount of recorded pension income or expense, the funded status of the Plan, and the need for future cash contributions.
Schedule of Allocation of Plan Assets	The following table summarizes the Company's pension plan’s target allocation range and actual asset allocation by asset category as of December 31, 2019 and 2018 : Actual Asset Allocation 2019 2018 Equity securities: Target allocation range 14%-40% 37%-65% Large-cap domestic 18.3 % 23.0 % Small/Mid-cap domestic 5.9 % 6.1 % International commingled funds 12.0 % 11.7 % Limited Partnerships 1.3 % 1.8 % Total equity securities 37.5 % 42.6 % Fixed maturities: Target allocation range 54%-82% 30%-50% U.S. Treasuries, short term investments, cash and futures 5.4 % 3.0 % U.S. Government agencies and authorities 5.0 % 8.2 % U.S. corporate, state and municipalities 40.8 % 31.6 % Foreign securities 3.3 % 4.1 % Other fixed maturities — % — % Total fixed maturities 54.5 % 46.9 % Other investments: Target allocation range 6%-14% 6%-14% Hedge funds 3.9 % 4.8 % Real estate 4.1 % 5.7 % Total other investments 8.0 % 10.5 % Total 100.0 % 100.0 % The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2019 : Level 1 Level 2 Level 3 NAV Total Assets Fixed maturities, short-term investments and cash: Cash and cash equivalents $ 14 $ — $ — $ — $ 14 Short-term investment fund (1) — — — 98 98 U.S. Government securities 97 — — — 97 U.S. corporate, state and municipalities — 782 14 — 796 Foreign securities — 64 — — 64 Other fixed maturities — 1 — — 1 Total fixed maturities 111 847 14 98 1,070 Equity securities: Large-cap domestic — 358 — — 358 Small/Mid-cap domestic 115 — — — 115 International commingled funds (2) — — — 235 235 Limited partnerships (3) — — — 25 25 Total equity securities 115 358 — 260 733 Other investments: Real estate (4) — — — 80 80 Limited partnerships (5) — — — 81 81 Total other investments — — — 161 161 Total Assets $ 226 $ 1,205 $ 14 $ 519 $ 1,964 Liabilities Derivatives $ 4 $ — $ — $ — $ 4 Total Liabilities $ 4 $ — $ — $ — $ 4 Net, total pension assets $ 222 $ 1,205 $ 14 $ 519 $ 1,960 (1) This category includes common collective trust funds invested in the EB Temporary Investment Fund of The Bank of New York Mellon ("Short-term Investment Fund"). The Short-term Investment Fund is designed to provide a rate of return by investing in a full range of high-quality, short-term money market securities. Participant's redemptions in the Short-term Investment Fund may be requested by 2 p.m. eastern standard time and are processed by the following day. (2) International Commingled funds are comprised of two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $125 and uses a bottom up approach to stock picking. In determining the potential of a company, the fund manager analyzes industry background, competitive advantage, management attitudes and financial strength and valuation. There are no redemption restrictions in the Baillie Gifford Funds. Silchester has a fund balance of $110 that has an investment objective to achieve long-term growth primarily by investing in a diversified portfolio of equity securities of companies located in any country other than the United States. Silchester clients may contribute to and redeem monies from the funds on a monthly basis as of the last business day of each month. Clients must notify Silchester at least six business days before the month-end to make a redemption request. Baillie Gifford and Silchester, as a normal course of business, enter into contracts (commitments) that contain indemnifications or warranties. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that have not yet occurred. Baillie Gifford and Silchester have no unfunded commitments. (3) Limited partnerships are comprised of two assets that use NAV to calculate fair value. Pantheon Europe has a balance of $3 and Pantheon USA has a balance of $22 . Their strategy is to create a portfolio of high quality private equity funds, operating across Europe and diversified by stage, sector, geography, manager and vintage year. As of December 31, 2019 , Pantheon Europe and Pantheon USA have unfunded commitments of $1 and $5 , respectively, and there were no significant redemption restrictions. (4) UBS Trumbull Property Fund ("UBS") uses NAV to calculate fair value. UBS has a balance of $80 and is an actively managed core portfolio of equity real estate. The Fund has both relative and real return objectives. Its relative performance objective is to outperform the National Council of Real Estate investment Fiduciaries Open-End Diversified Core ("NFI_ODCE") index over any given three -to- five -year period. The Fund's real return performance objective is to achieve at least a 5.0% real rate of return (i.e., inflation-adjusted return), before advisory fees, over any given three -to- five -year period. Investors may request redemptions of all or a portion of their units as of the end of a calendar quarter by delivering written notice to the Fund at least sixty days prior to the end of the quarter. (5) Magnitude Institutional, Ltd. ("MIL") has a balance of $81 and is designed to realize appreciation in value primarily through the allocation of capital directly and indirectly among investment funds and accounts. There are significant redemption restrictions in the MIL fund. The following table summarizes the fair values of the pension plan assets by asset class as of December 31, 2018 : Level 1 Level 2 Level 3 NAV Total Assets Fixed maturities, short term investments and cash: Cash and cash equivalents $ — $ — $ — $ — $ — Short-term investment fund (1) — — — 48 48 U.S. Government securities 131 — — — 131 U.S. corporate, state and municipalities 1 498 7 — 506 Foreign securities — 66 — — 66 Other fixed maturities — 1 — — 1 Total fixed maturities 132 565 7 48 752 Equity securities: Large-cap domestic 369 — — — 369 Small/Mid-cap domestic 98 — — — 98 International commingled funds (2) — — — 188 188 Limited partnerships (3) — — — 29 29 Total equity securities 467 — — 217 684 Other investments: Real estate (4) — — — 92 92 Limited partnerships (5) — — — 75 75 Other 2 — — — 2 Total other investments 2 — — 167 169 Net, total pension assets $ 601 $ 565 $ 7 $ 432 $ 1,605 (1) This category includes common collective trust funds invested in the Short-term Investment Fund. The Short-term Investment Fund is designed to provide a rate of return by investing in a full range of high-quality, short-term money market securities. Participant's redemptions in the Short-term Investment Fund may be requested by 2 p.m. eastern standard time and are processed by the following day. (2) International Commingled funds are comprised of two assets that use NAV to calculate fair value. Baillie Gifford Funds has a balance of $94 and uses a bottom up approach to stock picking. In determining the potential of a company, the fund manager analyzes industry background, competitive advantage, management attitudes and financial strength and valuation. There are no redemption restrictions in the Baillie Gifford Funds. Silchester has a fund balance of $94 that has an investment objective to achieve long-term growth primarily by investing in a diversified portfolio of equity securities of companies located in any country other than the United States. Silchester clients may contribute to and redeem moneys from the funds on a monthly basis as of the last business day of each month. Clients must notify Silchester at least six business days before the month-end to make a redemption request. Baillie Gifford and Silchester, as a normal course of business, enter into contracts (commitments) that contain indemnifications or warranties. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that have not yet occurred. Baillie Gifford and Silchester have no unfunded commitments. (3) Limited partnerships are comprised of two assets that use NAV to calculate fair value. Pantheon Europe has a balance of $4 and Pantheon USA has a balance of $25 . Their strategy is to create a portfolio of high quality private equity funds, operating across Europe and diversified by stage, sector, geography, manager and vintage year. As of December 31, 2018 , Pantheon Europe and Pantheon USA have unfunded commitments of $1 and $5 , respectively, and there were no significant redemption restrictions. (4) UBS uses NAV to calculate fair value. UBS has a balance of $92 and is an actively managed core portfolio of equity real estate. The Fund has both relative and real return objectives. Its relative performance objective is to outperform the NFI_ODCE index over any given three -to- five -year period. The Fund's real return performance objective is to achieve at least a 5.0% real rate of return (i.e., inflation-adjusted return), before advisory fees, over any given three -to- five -year period. Investors may request redemptions of all or a portion of their units as of the end of a calendar quarter by delivering written notice to the Fund at least sixty days prior to the end of the quarter. (5) MIL has a balance of $75 and is designed to realize appreciation in value primarily through the allocation of capital directly and indirectly among investment funds and accounts. There are significant redemption restrictions in the MIL fund.
Schedule of Expected Benefit Payments	The following table summarizes the expected benefit payments for the Company's pension plans to be paid for the years indicated: 2020 $ 125 2021 122 2022 126 2023 130 2024 130 2025-2029 682

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	Shareholders' equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated: December 31, 2019 2018 2017 Fixed maturities, net of OTTI $ 5,546 $ 1,074 $ 5,351 Equity securities — — 35 Derivatives (1) 145 170 127 DAC/VOBA adjustment on available-for-sale securities (1,498 ) (380 ) (1,471 ) Premium deficiency reserve (249 ) (57 ) (190 ) Sales inducements and other intangibles adjustment on available-for-sale securities (185 ) (64 ) (278 ) Other — — (18 ) Unrealized capital gains (losses), before tax 3,759 743 3,556 Deferred income tax asset (liability) (435 ) (143 ) (840 ) Net unrealized capital gains (losses) 3,324 600 2,716 Pension and other postretirement benefits liability, net of tax 7 7 15 AOCI $ 3,331 $ 607 $ 2,731
Schedule of Amounts Recognized in Other Comprehensive Income	Changes in AOCI, including the reclassification adjustments recognized in the Consolidated Statements of Operations were as follows for the periods indicated: December 31, 2019 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 4,448 $ (935 ) $ 3,513 Equity securities — (1) — — Other — — — OTTI 3 (1 ) 2 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 21 (4 ) 17 DAC/VOBA (1,118 ) (2) 235 (883 ) Premium deficiency reserve (192 ) 40 (152 ) Sales inducements and other intangibles (121 ) 25 (96 ) Change in unrealized gains/losses on available-for-sale securities 3,041 (640 ) 2,401 Derivatives: Derivatives — (3) — — Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (25 ) 5 (20 ) Change in unrealized gains/losses on derivatives (25 ) 5 (20 ) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (4 ) (4) 4 — Change in pension and other postretirement benefits liability (4 ) 4 — Change in Accumulated other comprehensive income (loss) $ 3,012 $ (631 ) $ 2,381 (1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01. (2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (4) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. December 31, 2018 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ (4,379 ) $ 1,079 $ (3,300 ) Equity securities — (1) — — Other 18 (8 ) 10 OTTI 32 (9 ) 23 Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations 70 (18 ) 52 DAC/VOBA 1,091 (2) (255 ) 836 Premium deficiency reserve 133 (28 ) 105 Sales inducements 214 (59 ) 155 Change in unrealized gains/losses on available-for-sale securities (2,821 ) 702 (2,119 ) Derivatives: Derivatives 69 (3) (19 ) 50 Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (26 ) 7 (19 ) Change in unrealized gains/losses on derivatives 43 (12 ) 31 Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (11 ) (4) 3 (8 ) Change in pension and other postretirement benefits liability (11 ) 3 (8 ) Change in Accumulated other comprehensive income (loss) $ (2,789 ) $ 693 $ (2,096 ) (1) Balance reclassified to Retained earnings due to adoption of ASU 2016-01. (2) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (3) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (4) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements for amounts reported in Net Periodic (Benefit) Costs. December 31, 2017 Before-Tax Amount Income Tax After-Tax Amount Available-for-sale securities: Fixed maturities $ 1,943 $ (647 ) $ 1,296 Equity securities 2 (1 ) 1 Other 13 (5 ) 8 OTTI (2 ) 1 (1 ) Adjustments for amounts recognized in Net realized capital gains (losses) in the Consolidated Statements of Operations (3 ) 1 (2 ) DAC/VOBA (388 ) (1) 150 (238 ) Premium deficiency reserve (136 ) 48 (88 ) Sales inducements (109 ) 39 (70 ) Change in unrealized gains/losses on available-for-sale securities 1,320 (414 ) 906 Derivatives: Derivatives (106 ) (2) 37 (69 ) Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Consolidated Statements of Operations (25 ) 9 (16 ) Change in unrealized gains/losses on derivatives (131 ) 46 (85 ) Pension and other postretirement benefits liability: Amortization of prior service cost recognized in Operating expenses in the Consolidated Statements of Operations (15 ) (3) 4 (11 ) Change in pension and other postretirement benefits liability (15 ) 4 (11 ) Change in Accumulated other comprehensive income (loss) $ 1,174 $ (364 ) $ 810 (1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Consolidated Financial Statements for additional information. (2) See the Derivative Financial Instruments Note to these Consolidated Financial Statements for additional information. (3) See the Employee Benefit Arrangements Note to these Consolidated Financial Statements

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense (benefit) consisted of the following for the periods indicated: Year Ended December 31, 2019 2018 2017 Current tax expense (benefit): Federal $ 126 $ 123 $ (128 ) State 1 (2 ) — Total current tax expense (benefit) 127 121 (128 ) Deferred tax expense (benefit): Federal (335 ) (84 ) 812 State 3 — 3 Total deferred tax expense (benefit) (332 ) (84 ) 815 Total income tax expense (benefit) $ (205 ) $ 37 $ 687
Schedule of Effective Income Tax Rate Reconciliation	Income taxes were different from the amount computed by applying the federal income tax rate to Income (loss) before income taxes for the following reasons for the periods indicated: Year Ended December 31, 2019 2018 2017 Income (loss) before income taxes $ 560 $ 528 $ 385 Tax Rate 21.0 % 21.0 % 35.0 % Income tax expense (benefit) at federal statutory rate 118 111 135 Tax effect of: Valuation allowance (250 ) (15 ) (28 ) Dividend received deduction (37 ) (49 ) (40 ) Audit settlement — — — State tax expense (benefit) 1 10 4 Noncontrolling interest (10 ) (30 ) (76 ) Tax credits (33 ) — 14 Nondeductible expenses 1 4 2 Expirations of federal tax capital loss carryforward — — 2 Effect of Tax Reform — 8 679 * Other 5 (2 ) (5 ) Income tax expense (benefit) $ (205 ) $ 37 $ 687 Effective tax rate (36.6 )% 7.0 % 178.4 % *Effect of Tax Reform includes a tax benefit of $ 283 related to change in valuation allowance
Schedule of Deferred Tax Assets and Liabilities	The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities were as follows as of the dates indicated: December 31, 2019 2018 Deferred tax assets Federal and state loss carryforwards $ 2,147 $ 2,051 Investments 189 246 Insurance reserves — 187 Compensation and benefits 269 295 Other assets 132 124 Total gross assets before valuation allowance 2,737 2,903 Less: Valuation allowance 388 638 Assets, net of valuation allowance 2,349 2,265 Deferred tax liabilities Net unrealized investment gains (769 ) (145 ) Insurance reserves (45 ) — Deferred policy acquisition costs (66 ) (493 ) Other liabilities (11 ) (17 ) Total gross liabilities (891 ) (655 ) Net deferred income tax asset (liability) $ 1,458 $ 1,610
Summary of Operating Loss Carryforwards	The following table sets forth the federal, state and capital loss carryforwards for tax purposes as of the dates indicated: December 31, 2019 2018 Federal net operating loss carryforward $ 9,591 (1) $ 9,319 State net operating loss carryforward 2,849 (2) 2,244 Federal tax capital loss carryforward 17 (3) — Credit carryforward 73 (4) 34 (1) Approximately $5,882 of the net operating losses carryforwards ("NOL") not subject to expiration. Remaining NOLs expire between 2020 and 2037. (2) Approximately $362 of the NOLs not subject to expiration. Remaining NOLs expire between 2020 and 2040.
Schedule of Unrecognized Tax Benefits	Reconciliations of the change in the unrecognized income tax benefits were as follows for the periods indicated: Year Ended December 31, 2019 2018 2017 Balance at beginning of period $ 33 $ 37 $ 36 Additions for tax positions related to current year 1 2 2 Additions for tax positions related to prior years — 1 — Reductions for tax positions related to prior years (2 ) (1 ) — Reductions for settlements with taxing authorities — (6 ) — Reductions for expiring statutes — — (1 ) Balance at end of period $ 32 $ 33 $ 37

Financing Agreements (Tables)

Financing Agreements (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Long-term Debt Securities Issued and Outstanding	The following table summarizes the carrying value of the Company’s long-term debt securities issued and outstanding as of December 31, 2019 and 2018 : Issuer Maturity 2019 2018 5.5% Senior Notes, due 2022 (2)(3) Voya Financial, Inc. 07/15/2022 $ — $ 96 3.125% Senior Notes, due 2024 (2)(3) Voya Financial, Inc. 07/15/2024 397 396 3.65% Senior Notes, due 2026 (2)(3) Voya Financial, Inc. 06/15/2026 496 496 5.7% Senior Notes, due 2043 (2)(3) Voya Financial, Inc. 07/15/2043 395 395 4.8% Senior Notes, due 2046 (2)(3) Voya Financial, Inc. 06/15/2046 297 297 4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048 (4) Voya Financial, Inc. 01/23/2048 345 344 5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053 (4) Voya Financial, Inc. 05/15/2053 739 739 7.25% Voya Holdings Inc. debentures, due 2023 (1) Voya Holdings Inc. 08/15/2023 139 138 7.63% Voya Holdings Inc. debentures, due 2026 (1) Voya Holdings Inc. 08/15/2026 138 138 6.97% Voya Holdings Inc. debentures, due 2036 (1) Voya Holdings Inc. 08/15/2036 79 79 8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027 Equitable of Iowa Capital Trust II 04/01/2027 14 14 1.00% Windsor Property Loan Voya Retirement Insurance and Annuity Company 06/14/2027 4 5 Subtotal 3,043 3,137 Less: Current portion of long-term debt 1 1 Total $ 3,042 $ 3,136 (1) Guaranteed by ING Group.
Credit Facilities	The following table outlines the Company's credit facilities as of December 31, 2019 : Secured/ Unsecured Committed/ Uncommitted Expiration Capacity Utilization Unused Commitment Obligor / Applicant Voya Financial, Inc. Unsecured Committed 11/01/2024 $ 500 $ — $ 500 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 03/20/2022 250 242 8 Security Life of Denver International Limited Unsecured Committed 10/29/2023 61 51 10 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 12/31/2025 475 475 — Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Committed 07/01/2037 1,725 1,606 119 Voya Financial, Inc. Unsecured Committed 02/11/2022 300 300 — Voya Financial, Inc. Secured Uncommitted Various 10 1 — Voya Financial, Inc. / Roaring River LLC Unsecured Committed 10/01/2025 425 392 33 Voya Financial, Inc. / Roaring River IV, LLC Unsecured Committed 12/31/2028 565 357 208 Voya Financial, Inc. / Security Life of Denver International Limited Unsecured Uncommitted 12/31/2020 300 58 — Voya Financial, Inc. Unsecured Committed 12/09/2024 300 250 50 Voya Financial, Inc. Unsecured Uncommitted 04/27/2021 125 125 — Total $ 5,036 $ 3,857 $ 928

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	For the years ended December 31, 2019 , 2018 and 2017 , rent expense for leases was $30 , $29 and $34 , respectively. Payments under the finance leases were $4 . The future net minimum payments under non-cancelable leases are as follows as of December 31, 2019 : Operating Leases Finance Leases 2020 $ 31 $ 21 2021 28 21 2022 28 21 2023 23 2 2024 18 — Thereafter 17 — Total undiscounted lease payments 145 65 Less: Imputed interest (26 ) (3 ) Total Lease liabilities $ 119 $ 62
Schedule of Restricted Assets	The components of the fair value of the restricted assets were as follows as of December 31, 2019 and 2018 : 2019 2018 Fixed maturity collateral pledged to FHLB (1) $ 1,211 $ 771 FHLB restricted stock (2) 55 50 Other fixed maturities-state deposits 48 99 Cash & cash equivalents 12 13 Securities pledged (3) 1,408 1,462 Total restricted assets $ 2,734 $ 2,395 (1) Included in Fixed maturities, available-for-sale, at fair value on the Consolidated Balance Sheets. (2) Included in Other investments on the Consolidated Balance Sheets. (3) Includes the fair value of loaned securities of $1,159 and $1,237 as of December 31, 2019 and 2018 , respectively. In addition, as of December 31, 2019 and 2018 , the Company delivered securities as collateral of $183 and $180 and repurchase agreements of $66 and $45 , respectively. Loaned securities and securities delivered as collateral are included in Securities pledged on the Consolidated Balance Sheets.

Consolidated Investment Entit_2

Consolidated Investment Entities (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheet December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ 5 $ — $ 39,673 $ (15 ) $ 39,663 Fixed maturities, at fair value using the fair value option — — 2,707 — 2,707 Equity securities, at fair value — — 196 — 196 Short-term investments — — 68 — 68 Mortgage loans on real estate, net of valuation allowance — — 6,878 — 6,878 Policy loans — — 776 — 776 Limited partnerships/corporations 4 — 1,286 — 1,290 Derivatives 49 — 267 — 316 Investments in subsidiaries 11,003 8,493 — (19,496 ) — Other investments — — 385 — 385 Securities pledged — — 1,408 — 1,408 Total investments 11,061 8,493 53,644 (19,511 ) 53,687 Cash and cash equivalents 212 — 969 — 1,181 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,384 — 1,395 Accrued investment income — — 505 — 505 Premium receivable and reinsurance recoverable — — 3,732 — 3,732 Deferred policy acquisition costs and Value of business acquired — — 2,226 — 2,226 Deferred income taxes 816 39 603 — 1,458 Loans to subsidiaries and affiliates 164 — 69 (233 ) — Due from subsidiaries and affiliates 2 — 6 (8 ) — Other assets 7 — 895 — 902 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,632 — 1,632 Cash and cash equivalents — — 68 — 68 Corporate loans, at fair value using the fair value option — — 513 — 513 Other assets — — 13 — 13 Assets held in separate accounts — — 81,670 — 81,670 Assets held for sale — — 20,069 — 20,069 Total assets $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet (Continued) December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,945 $ — $ 9,945 Contract owner account balances — — 40,923 — 40,923 Payables under securities loan and repurchase agreements, including collateral held — — 1,373 — 1,373 Short-term debt 69 87 78 (233 ) 1 Long-term debt 2,669 371 17 (15 ) 3,042 Derivatives 50 — 353 — 403 Pension and other postretirement provisions — — 468 — 468 Current income taxes 28 (17 ) 16 — 27 Due to subsidiaries and affiliates 4 — 2 (6 ) — Other liabilities 45 10 1,292 (2 ) 1,345 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 474 — 474 Other liabilities — — 652 — 652 Liabilities related to separate accounts — — 81,670 — 81,670 Liabilities held for sale — — 18,498 — 18,498 Total liabilities 2,865 451 155,761 (256 ) 158,821 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 9,408 8,081 11,415 (19,496 ) 9,408 Noncontrolling interest — — 822 — 822 Total shareholders' equity 9,408 8,081 12,237 (19,496 ) 10,230 Total liabilities and shareholders' equity $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ — $ — $ 36,912 $ (15 ) $ 36,897 Fixed maturities, at fair value using the fair value option — — 2,233 — 2,233 Equity securities, at fair value 99 — 148 — 247 Short-term investments — — 126 — 126 Mortgage loans on real estate, net of valuation allowance — — 7,281 — 7,281 Policy loans — — 814 — 814 Limited partnerships/corporations — — 982 — 982 Derivatives 39 — 155 — 194 Investments in subsidiaries 10,099 7,060 — (17,159 ) — Other investments — — 379 — 379 Securities pledged — — 1,462 — 1,462 Total investments 10,237 7,060 50,492 (17,174 ) 50,615 Cash and cash equivalents 209 2 1,026 — 1,237 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,282 — 1,293 Accrued investment income — — 529 — 529 Premium receivable and reinsurance recoverable — — 3,843 — 3,843 Deferred policy acquisition costs and Value of business acquired — — 2,973 — 2,973 Current income taxes (37 ) 26 28 — 17 Deferred income taxes 553 22 1,035 — 1,610 Loans to subsidiaries and affiliates 79 — 4 (83 ) — Due from subsidiaries and affiliates 2 — 3 (5 ) — Other assets 13 — 1,014 — 1,027 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,421 — 1,421 Cash and cash equivalents — — 331 — 331 Corporate loans, at fair value using the fair value option — — 542 — 542 Other assets — — 16 — 16 Assets held in separate accounts — — 69,931 — 69,931 Assets held for sale — — 20,045 — 20,045 Total assets $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430 Condensed Consolidating Balance Sheet (Continued) December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,587 $ — $ 9,587 Contract owner account balances — — 41,183 — 41,183 Payables under securities loan and repurchase agreements, including collateral held — — 1,366 — 1,366 Short-term debt 4 — 80 (83 ) 1 Long-term debt 2,763 371 17 (15 ) 3,136 Derivatives 39 — 125 — 164 Pension and other postretirement provisions — — 551 — 551 Due to subsidiaries and affiliates 1 — 2 (3 ) — Other liabilities 47 55 1,275 (2 ) 1,375 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 540 — 540 Other liabilities — — 688 — 688 Liabilities related to separate accounts — — 69,931 — 69,931 Liabilities held for sale — — 17,903 — 17,903 Total liabilities 2,854 426 143,248 (103 ) 146,425 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 8,213 6,684 10,475 (17,159 ) 8,213 Noncontrolling interest — — 792 — 792 Total shareholders' equity 8,213 6,684 11,267 (17,159 ) 9,005 Total liabilities and shareholders' equity $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430
Schedule of Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 39 $ — $ 2,765 $ (12 ) $ 2,792 Fee income — — 1,969 — 1,969 Premiums — — 2,273 — 2,273 Net realized capital gains (losses): Total other-than-temporary impairments — — (65 ) — (65 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (1 ) — (1 ) Net other-than-temporary impairments recognized in earnings — — (64 ) — (64 ) Other net realized capital gains (losses) (1 ) — (101 ) — (102 ) Total net realized capital gains (losses) (1 ) — (165 ) — (166 ) Other revenue — — 465 — 465 Income (loss) related to consolidated investment entities: Net investment income — — 143 — 143 Total revenues 38 — 7,450 (12 ) 7,476 Benefits and expenses: Policyholder benefits — — 2,583 — 2,583 Interest credited to contract owner account balances — — 1,167 — 1,167 Operating expenses 12 — 2,734 — 2,746 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 199 — 199 Interest expense 151 29 8 (12 ) 176 Operating expenses related to consolidated investment entities: Interest expense — — 38 — 38 Other expense — — 7 — 7 Total benefits and expenses 163 29 6,736 (12 ) 6,916 Income (loss) from continuing operations before income taxes (125 ) (29 ) 714 — 560 Income tax expense (benefit) (277 ) (27 ) 99 — (205 ) Income (loss) from continuing operations 152 (2 ) 615 — 765 Income (loss) from discontinued operations, net of tax — (83 ) (983 ) — (1,066 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates 152 (85 ) (368 ) — (301 ) Equity in earnings (losses) of subsidiaries, net of tax (503 ) 431 — 72 — Net income (loss) (351 ) 346 (368 ) 72 (301 ) Less: Net income (loss) attributable to noncontrolling interest — — 50 — 50 Net income (loss) available to Voya Financial, Inc. (351 ) 346 (418 ) 72 (351 ) Less: Preferred stock dividends 28 — — — 28 Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ 346 $ (418 ) $ 72 $ (379 ) Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 1 $ 1 $ 2,676 $ (9 ) $ 2,669 Fee income — — 1,982 — 1,982 Premiums — — 2,132 — 2,132 Net realized capital gains (losses): Total other-than-temporary impairments — — (27 ) — (27 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — 1 — 1 Net other-than-temporary impairments recognized in earnings — — (28 ) — (28 ) Other net realized capital gains (losses) — — (327 ) — (327 ) Total net realized capital gains (losses) — — (355 ) — (355 ) Other revenue (5 ) — 448 — 443 Income (loss) related to consolidated investment entities: Net investment income — — 292 — 292 Total revenues (4 ) 1 7,175 (9 ) 7,163 Benefits and expenses: Policyholder benefits — — 2,364 — 2,364 Interest credited to contract owner account balances — — 1,162 — 1,162 Operating expenses 11 — 2,595 — 2,606 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 233 — 233 Interest expense 175 53 2 (9 ) 221 Operating expenses related to consolidated investment entities: Interest expense — — 41 — 41 Other expense — — 8 — 8 Total benefits and expenses 186 53 6,405 (9 ) 6,635 Income (loss) from continuing operations before income taxes (190 ) (52 ) 770 — 528 Income tax expense (benefit) — (24 ) 400 (339 ) 37 Income (loss) from continuing operations (190 ) (28 ) 370 339 491 Income (loss) from discontinued operations, net of tax — — 529 — 529 Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (190 ) (28 ) 899 339 1,020 Equity in earnings (losses) of subsidiaries, net of tax 1,065 1,615 — (2,680 ) — Net income (loss) 875 1,587 899 (2,341 ) 1,020 Less: Net income (loss) attributable to noncontrolling interest — — 145 — 145 Net income (loss) available to Voya Financial, Inc. 875 1,587 754 (2,341 ) 875 Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 875 $ 1,587 $ 754 $ (2,341 ) $ 875 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 33 $ — $ 2,621 $ (13 ) $ 2,641 Fee income — — 1,889 — 1,889 Premiums — — 2,097 — 2,097 Net realized capital gains (losses): Total other-than-temporary impairments — — (29 ) — (29 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (9 ) — (9 ) Net other-than-temporary impairments recognized in earnings — — (20 ) — (20 ) Other net realized capital gains (losses) — — (189 ) — (189 ) Total net realized capital gains (losses) — — (209 ) — (209 ) Other revenue 8 1 370 — 379 Income (loss) related to consolidated investment entities: Net investment income — — 432 — 432 Total revenues 41 1 7,200 (13 ) 7,229 Benefits and expenses: Policyholder benefits — — 2,422 — 2,422 Interest credited to contract owner account balances — — 1,236 — 1,236 Operating expenses 9 — 2,553 — 2,562 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 353 — 353 Interest expense 155 37 5 (13 ) 184 Operating expenses related to consolidated investment entities: Interest expense — — 80 — 80 Other expense — — 7 — 7 Total benefits and expenses 164 37 6,656 (13 ) 6,844 Income (loss) from continuing operations before income taxes (123 ) (36 ) 544 — 385 Income tax expense (benefit) 113 3 571 — 687 Income (loss) from continuing operations (236 ) (39 ) (27 ) — (302 ) Income (loss) from discontinued operations, net of tax — — (2,473 ) — (2,473 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (236 ) (39 ) (2,500 ) — (2,775 ) Equity in earnings (losses) of subsidiaries, net of tax (2,756 ) (2,623 ) — 5,379 — Net income (loss) (2,992 ) (2,662 ) (2,500 ) 5,379 (2,775 ) Less: Net income (loss) attributable to noncontrolling interest — — 217 — 217 Net income (loss) available to Voya Financial, Inc. (2,992 ) (2,662 ) (2,717 ) 5,379 (2,992 ) Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (2,992 ) $ (2,662 ) $ (2,717 ) $ 5,379 $ (2,992 )
Fair Value, by Balance Sheet Grouping	he carrying values and estimated fair values of the Company's financial instruments from continuing operations, including amounts related to businesses to be exited via reinsurance associated with the Individual Life Transaction, as of the dates indicated: December 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets: Fixed maturities, including securities pledged $ 43,778 $ 43,778 $ 40,592 $ 40,592 Equity securities 196 196 247 247 Mortgage loans on real estate 6,878 7,262 7,281 7,391 Policy loans 776 776 814 814 Cash, cash equivalents, short-term investments and short-term investments under securities loan agreements 2,644 2,644 2,656 2,656 Derivatives 316 316 194 194 Other investments 320 456 287 369 Assets held in separate accounts 81,670 81,670 69,931 69,931 Liabilities: Investment contract liabilities: Funding agreements without fixed maturities and deferred annuities (2) $ 33,916 $ 41,035 $ 34,053 $ 37,052 Funding agreements with fixed maturities 877 877 657 652 Supplementary contracts, immediate annuities and other 821 872 870 854 Derivatives: Guaranteed benefit derivatives (2) 60 60 44 44 Other derivatives 403 403 164 164 Short-term debt 1 1 1 1 Long-term debt 3,042 3,418 3,136 3,112 Embedded derivative on reinsurance 100 100 (5 ) (5 ) (1) Certain amounts included in Funding agreements without fixed maturities and deferred annuities are also reflected within the Guaranteed benefit derivatives section of the table above. (2) Includes GMWBL, GMWB, FIA, Stabilizer and MCG. The carrying values and estimated fair values of the Company's financial instruments related to businesses held for sale as of the dates indicated: December 31, 2019 December 31, 2018 Carrying Value Fair Value Carrying Value Fair Value Assets: Fixed maturities, including securities pledged $ 12,470 $ 12,470 $ 10,529 $ 10,529 Equity securities 35 35 25 25 Mortgage loans on real estate 1,319 1,405 1,395 1,420 Policy loans 1,005 1,005 1,019 1,019 Cash, cash equivalents, short-term investments and short-term investments under securities loan agreements 533 533 734 734 Derivatives 305 305 131 131 Other investments 42 42 25 25 Assets held in separate accounts 1,485 1,485 1,297 1,297 Liabilities: Investment contract liabilities: Funding agreements with fixed maturities $ 927 $ 923 $ 551 $ 545 Supplementary contracts, immediate annuities and other 97 104 106 106 Notes Payable 252 320 222 302 Derivatives: Guaranteed benefit derivatives - IUL 217 217 82 82 Embedded derivative on reinsurance 75 75 26 26
Maximum Exposure to Loss	The Company determines its maximum exposure to loss to be: (i) the amount invested in the debt or equity of the VIE and (ii) other commitments and guarantees to the VIE. Variable Interests on the Consolidated Balance Sheet December 31, 2019 December 31, 2018 Carrying Amount Maximum exposure to loss Carrying Amount Maximum exposure to loss Fixed maturities, available for sale $ 377 $ 377 $ 466 $ 466 Limited partnership/corporations 1,290 1,290 982 982
Consolidated investment entities
Condensed Financial Statements, Captions [Line Items]
Components of the Consolidated Investment Entities	The following table summarizes the components of the consolidated investment entities as of the dates indicated: December 31, 2019 December 31, 2018 Assets of Consolidated Investment Entities VIEs Cash and cash equivalents $ 68 $ 331 Corporate loans, at fair value using the fair value option 513 542 Limited partnerships/corporations, at fair value 1,470 1,313 Other assets 12 15 Total VIE assets 2,063 2,201 VOEs Limited partnerships/corporations, at fair value 162 108 Other assets 1 1 Total VOE assets 163 109 Total assets of consolidated investment entities $ 2,226 $ 2,310 Liabilities of Consolidated Investment Entities VIEs CLO notes, at fair value using the fair value option $ 474 $ 540 Other liabilities 650 681 Total VIE liabilities 1,124 1,221 VOEs Other liabilities 2 7 Total VOE liabilities 2 7 Total liabilities of consolidated investment entities $ 1,126 $ 1,228
Schedule of Condensed Consolidating Balance Sheets	The following tables summarize the impact of consolidation of investment entities into the Consolidated Balance Sheets as of the dates indicated: Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs Adjustments (2) Total December 31, 2019 Total investments and cash $ 55,146 $ — $ — $ (32 ) $ (246 ) $ 54,868 Other assets 10,219 — — — (1 ) 10,218 Assets held in consolidated investment entities — 551 1,675 — — 2,226 Assets held in separate accounts 81,670 — — — — 81,670 Assets held for sale 20,069 — — — — 20,069 Total assets $ 167,104 $ 551 $ 1,675 $ (32 ) $ (247 ) $ 169,051 Future policy benefits and contract owner account balances $ 50,868 $ — $ — $ — $ — $ 50,868 Other liabilities 6,659 — — — — 6,659 Liabilities held in consolidated investment entities 1 551 607 (32 ) (1 ) 1,126 Liabilities related to separate accounts 81,670 — — — — 81,670 Liabilities held for sale 18,498 — — — — 18,498 Total liabilities 157,696 551 607 (32 ) (1 ) 158,821 Equity attributable to common shareholders 9,408 — 1,068 — (1,068 ) 9,408 Equity attributable to noncontrolling interest in consolidated investment entities — — — — 822 822 Total liabilities and equity $ 167,104 $ 551 $ 1,675 $ (32 ) $ (247 ) $ 169,051 (1) The Before Consolidation column includes the Company's direct investments in CIEs prior to consolidation,which are accounted for using the equity method or fair value option. (2) Adjustments include the elimination of intercompany transactions between the Company and CIEs. This consists primarily of the Company’s direct investments in CIEs, but may also contain intercompany receivables or payables. The Company’s direct investments are eliminated against CIE liabilities in the case of CLOs, or the net assets of consolidated private equity and other funds. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2018 Total investments and cash $ 52,142 $ — $ — $ (7 ) $ (283 ) $ 51,852 Other assets 11,293 — — — (1 ) 11,292 Assets held in consolidated investment entities — 589 1,721 — — 2,310 Assets held in separate accounts 69,931 — — — — 69,931 Assets held for sale 20,045 — — — — 20,045 Total assets $ 153,411 $ 589 $ 1,721 $ (7 ) $ (284 ) $ 155,430 Future policy benefits and contract owner account balances $ 50,770 $ — $ — $ — $ — $ 50,770 Other liabilities 6,593 — — — — 6,593 Liabilities held in consolidated investment entities 1 589 646 (7 ) (1 ) 1,228 Liabilities related to separate accounts 69,931 — — — — 69,931 Liabilities held for sale 17,903 — — — — 17,903 Total liabilities 145,198 589 646 (7 ) (1 ) 146,425 Equity attributable to common shareholders 8,213 — 1,075 — (1,075 ) 8,213 Equity attributable to noncontrolling interest in consolidated investment entities — — — — 792 792 Total liabilities and equity $ 153,411 $ 589 $ 1,721 $ (7 ) $ (284 ) $ 155,430 (1) The Before Consolidation column includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option. (2) Adjustments include the elimination of intercompany transactions between the Company and CIEs. This consists primarily of the Company’s direct investments in CIEs, but may also contain intercompany receivables or payables. The Company’s direct investments are eliminated against CIE liabilities in the case of CLOs, or the net assets of consolidated private equity and other funds.
Schedule of Condensed Consolidating Statement of Operations	The following tables summarize the impact of consolidation of investment entities into the Consolidated Statements of Operations for the periods indicated: Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2019 Revenues: Net investment income $ 2,801 $ — $ — $ (1 ) $ (8 ) $ 2,792 Fee income 2,008 — — (2 ) (37 ) 1,969 Premiums 2,273 — — — — 2,273 Net realized capital losses (166 ) — — — — (166 ) Other income 465 — — — — 465 Income related to consolidated investment entities (1 ) 23 121 — — 143 Total revenues 7,380 23 121 (3 ) (45 ) 7,476 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,750 — — — — 3,750 Other expense 3,121 — — — — 3,121 Operating expenses related to consolidated investment entities (1 ) 23 64 (3 ) (38 ) 45 Total benefits and expenses 6,870 23 64 (3 ) (38 ) 6,916 Income (loss) before income taxes 510 — 57 — (7 ) 560 Income tax expense (benefit) (205 ) — — — — (205 ) Income (loss) from continuing operations 715 — 57 — (7 ) 765 Income (loss) from discontinued operations, net of tax (1,066 ) — — — — (1,066 ) Net income (loss) (351 ) — 57 — (7 ) (301 ) Less: Net income (loss) attributable to noncontrolling interest — — — — 50 50 Net income (loss) available to Voya Financial, Inc. (351 ) — 57 — (57 ) (351 ) Less: Preferred stock dividends 28 — — — — 28 Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ — $ 57 $ — $ (57 ) $ (379 ) (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2018 Revenues: Net investment income $ 2,716 $ — $ — $ (1 ) $ (46 ) $ 2,669 Fee income 2,033 — — (3 ) (48 ) 1,982 Premiums 2,132 — — — — 2,132 Net realized capital losses (355 ) — — — — (355 ) Other income 443 — — — — 443 Income related to consolidated investment entities — 28 264 — — 292 Total revenues 6,969 28 264 (4 ) (94 ) 7,163 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,526 — — — — 3,526 Other expense 3,060 — — — — 3,060 Operating expenses related to consolidated investment entities — 28 73 (4 ) (48 ) 49 Total benefits and expenses 6,586 28 73 (4 ) (48 ) 6,635 Income (loss) before income taxes 383 — 191 — (46 ) 528 Income tax expense (benefit) 37 — — — — 37 Income (loss) from continuing operations 346 — 191 — (46 ) 491 Income (loss) from discontinued operations, net of tax 529 — — — — 529 Net income (loss) 875 — 191 — (46 ) 1,020 Less: Net income (loss) attributable to noncontrolling interest — — — — 145 145 Net income (loss) available to Voya Financial, Inc. 875 — 191 — (191 ) 875 Less: Preferred stock dividends — — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 875 $ — $ 191 $ — $ (191 ) $ 875 (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation. Before Consolidation (1) CLOs LPs and VOEs CLOs Adjustments (2) LPs and VOEs (2) Total December 31, 2017 Revenues: Net investment income $ 2,721 $ — $ — $ (2 ) $ (78 ) $ 2,641 Fee income 1,937 — — (9 ) (39 ) 1,889 Premiums 2,097 — — — — 2,097 Net realized capital losses (209 ) — — — — (209 ) Other income 379 — — — — 379 Income related to consolidated investment entities — 82 350 — — 432 Total revenues 6,925 82 350 (11 ) (117 ) 7,229 Benefits and expenses: Policyholder benefits and Interest credited and other benefits to contract owners 3,658 — — — — 3,658 Other expense 3,099 — — — — 3,099 Operating expenses related to consolidated investment entities — 82 55 (11 ) (39 ) 87 Total benefits and expenses 6,757 82 55 (11 ) (39 ) 6,844 Income (loss) before income taxes 168 — 295 — (78 ) 385 Income tax expense (benefit) 687 — — — — 687 Income (loss) from continuing operations (519 ) — 295 — (78 ) (302 ) Income (loss) from discontinued operations, net of tax (2,473 ) — — — — (2,473 ) Net income (loss) (2,992 ) — 295 — (78 ) (2,775 ) Less: Net income (loss) attributable to noncontrolling interest — — — — 217 217 Net income (loss) available to Voya Financial, Inc. (2,992 ) — 295 — (295 ) (2,992 ) Less: Preferred stock dividends — — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (2,992 ) $ — $ 295 $ — $ (295 ) $ (2,992 ) (1) The Before Consolidation column includes the net investment income and fee income earned from CIEs prior to consolidation. (2) Adjustments include the elimination of intercompany transactions between the Company and CIE's, primarily the elimination of management fees expensed by the funds and recorded as fee income by the Company prior to consolidation.
Fair Value, by Balance Sheet Grouping	The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2019 : Level 1 Level 2 Level 3 NAV Total Assets VIEs Cash and cash equivalents $ 68 $ — $ — $ — $ 68 Corporate loans, at fair value using the fair value option — 513 — — 513 Limited partnerships/corporations, at fair value — — — 1,470 1,470 VOEs Limited partnerships/corporations, at fair value — — — 162 162 Total assets, at fair value $ 68 $ 513 $ — $ 1,632 $ 2,213 Liabilities VIEs CLO notes, at fair value using the fair value option $ — $ 474 $ — $ — $ 474 Total liabilities, at fair value $ — $ 474 $ — $ — $ 474 The following table summarizes the fair value hierarchy levels of consolidated investment entities as of December 31, 2018 : Level 1 Level 2 Level 3 NAV Total Assets VIEs Cash and cash equivalents $ 331 $ — $ — $ — $ 331 Corporate loans, at fair value using the fair value option — 542 — — 542 Limited partnerships/corporations, at fair value — — — 1,313 1,313 VOEs Limited partnerships/corporations, at fair value — — — 108 108 Total assets, at fair value $ 331 $ 542 $ — $ 1,421 $ 2,294 Liabilities VIEs CLO notes, at fair value using the fair value option $ — $ 540 $ — $ — $ 540 Total liabilities, at fair value $ — $ 540 $ — $ — $ 540

Restructuring Restructuring (Ta

Restructuring Restructuring (Tables)	12 Months Ended
	Dec. 31, 2019
Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The summary below presents Organizational Restructuring expenses, pre-tax, by type of costs incurred, for the periods indicated: Years Ended December 31, Cumulative Amounts Incurred to Date 2019 2018 2017 Severance benefits $ 39 $ 15 $ 4 $ 58 Organizational transition costs 162 40 — 202 Total restructuring expenses $ 201 $ 55 $ 4 $ 260
Schedule of Restructuring Reserve by Type of Cost	The following table presents the accrued liability associated with Organizational Restructuring expenses as of December 31, 2019 : Severance Benefits Organizational Transition Costs Total Accrued liability as of January 1, 2019 $ 12 $ 9 $ 21 Provision 39 162 201 Payments (21 ) (146 ) (167 ) Accrued liability as of December 31, 2019 $ 30 $ 25 $ 55
2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs	The summary below presents 2016 Restructuring expense, pre-tax, by type of costs incurred, for the periods indicated: Years Ended December 31, Cumulative Amounts Incurred to Date (1) 2019 2018 2017 Severance benefits $ — $ 9 $ 34 $ 69 Asset write-off costs — 1 16 17 Transition costs — 7 17 24 Other costs 8 13 15 44 Total restructuring expenses $ 8 $ 30 $ 82 $ 154
Schedule of Restructuring Reserve by Type of Cost	The following table presents the accrued liability associated with 2016 Restructuring expenses as of December 31, 2019 : Severance Benefits Transition Costs Other Costs Total Accrued liability as of January 1, 2019 $ 8 $ 14 $ 2 $ 24 Provision — — 8 8 Payments (4 ) (6 ) (10 ) (20 ) Accrued liability as of December 31, 2019 $ 4 $ 8 $ — $ 12

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of Operating Earnings Before Income Taxes from Segments	The summary below reconciles Adjusted operating earnings before income taxes for the segments to Income (loss) from continuing operations before income taxes for the periods indicated: Year Ended December 31, 2019 2018 2017 Income (loss) from continuing operations before income taxes $ 560 $ 528 $ 385 Less Adjustments: Net investment gains (losses) and related charges and adjustments 25 (124 ) (112 ) Net guaranteed benefit hedging gains (losses) and related charges and adjustments (14 ) 62 46 Income (loss) related to businesses exited or to be exited through reinsurance or divestment 98 (40 ) 59 Income (loss) attributable to noncontrolling interest 50 145 217 Income (loss) related to early extinguishment of debt (12 ) (40 ) (4 ) Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments 3 (47 ) (16 ) Dividend payments made to preferred shareholders 28 — — Other adjustments (209 ) (79 ) (97 ) Total adjustments to income (loss) from continuing operations (31 ) (123 ) 93 Adjusted operating earnings before income taxes by segment: Retirement $ 588 $ 701 $ 456 Investment Management 180 205 248 Employee Benefits 199 160 127 Corporate (376 ) (415 ) (539 ) Total $ 591 $ 651 $ 292
Schedule of Revenue from Segments	The summary below reconciles Adjusted operating revenues for the segments to Total revenues for the periods indicated: Year Ended December 31, 2019 2018 2017 Total revenues $ 7,476 $ 7,163 $ 7,229 Adjustments: Net realized investment gains (losses) and related charges and adjustments 18 (148 ) (132 ) Gain (loss) on change in fair value of derivatives related to guaranteed benefits (13 ) 63 46 Revenues related to businesses exited or to be exited through reinsurance or divestment 1,531 1,446 1,618 Revenues attributable to noncontrolling interest 109 214 321 Other adjustments 321 238 193 Total adjustments to revenues 1,966 1,813 2,046 Adjusted operating revenues by segment: Retirement $ 2,712 $ 2,727 $ 2,538 Investment Management 675 683 731 Employee Benefits 2,026 1,849 1,767 Corporate 97 91 147 Total $ 5,510 $ 5,350 $ 5,183 Other Segment Information The Investment Management segment revenues include the following intersegment revenues, primarily consisting of asset-based management and administration fees for the periods indicated: Year Ended December 31, 2019 2018 2017 Investment management intersegment revenues $ 104 $ 101 $ 103
Schedule of Assets from Segments	The summary below presents Total assets for the Company’s segments as of the dates indicated: December 31, 2019 December 31, 2018 Retirement $ 118,024 $ 104,995 Investment Management 745 690 Employee Benefits 3,117 2,560 Corporate 25,206 25,185 Total assets, before consolidation (1) 147,092 133,430 Consolidation of investment entities 1,890 1,955 Total assets, excluding assets held for sale 148,982 135,385 Assets held for sale 20,069 20,045 Total assets $ 169,051 $ 155,430 (1) Total assets, before consolidation includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheet December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ 5 $ — $ 39,673 $ (15 ) $ 39,663 Fixed maturities, at fair value using the fair value option — — 2,707 — 2,707 Equity securities, at fair value — — 196 — 196 Short-term investments — — 68 — 68 Mortgage loans on real estate, net of valuation allowance — — 6,878 — 6,878 Policy loans — — 776 — 776 Limited partnerships/corporations 4 — 1,286 — 1,290 Derivatives 49 — 267 — 316 Investments in subsidiaries 11,003 8,493 — (19,496 ) — Other investments — — 385 — 385 Securities pledged — — 1,408 — 1,408 Total investments 11,061 8,493 53,644 (19,511 ) 53,687 Cash and cash equivalents 212 — 969 — 1,181 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,384 — 1,395 Accrued investment income — — 505 — 505 Premium receivable and reinsurance recoverable — — 3,732 — 3,732 Deferred policy acquisition costs and Value of business acquired — — 2,226 — 2,226 Deferred income taxes 816 39 603 — 1,458 Loans to subsidiaries and affiliates 164 — 69 (233 ) — Due from subsidiaries and affiliates 2 — 6 (8 ) — Other assets 7 — 895 — 902 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,632 — 1,632 Cash and cash equivalents — — 68 — 68 Corporate loans, at fair value using the fair value option — — 513 — 513 Other assets — — 13 — 13 Assets held in separate accounts — — 81,670 — 81,670 Assets held for sale — — 20,069 — 20,069 Total assets $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet (Continued) December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,945 $ — $ 9,945 Contract owner account balances — — 40,923 — 40,923 Payables under securities loan and repurchase agreements, including collateral held — — 1,373 — 1,373 Short-term debt 69 87 78 (233 ) 1 Long-term debt 2,669 371 17 (15 ) 3,042 Derivatives 50 — 353 — 403 Pension and other postretirement provisions — — 468 — 468 Current income taxes 28 (17 ) 16 — 27 Due to subsidiaries and affiliates 4 — 2 (6 ) — Other liabilities 45 10 1,292 (2 ) 1,345 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 474 — 474 Other liabilities — — 652 — 652 Liabilities related to separate accounts — — 81,670 — 81,670 Liabilities held for sale — — 18,498 — 18,498 Total liabilities 2,865 451 155,761 (256 ) 158,821 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 9,408 8,081 11,415 (19,496 ) 9,408 Noncontrolling interest — — 822 — 822 Total shareholders' equity 9,408 8,081 12,237 (19,496 ) 10,230 Total liabilities and shareholders' equity $ 12,273 $ 8,532 $ 167,998 $ (19,752 ) $ 169,051 Condensed Consolidating Balance Sheet December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Assets: Investments: Fixed maturities, available-for-sale, at fair value $ — $ — $ 36,912 $ (15 ) $ 36,897 Fixed maturities, at fair value using the fair value option — — 2,233 — 2,233 Equity securities, at fair value 99 — 148 — 247 Short-term investments — — 126 — 126 Mortgage loans on real estate, net of valuation allowance — — 7,281 — 7,281 Policy loans — — 814 — 814 Limited partnerships/corporations — — 982 — 982 Derivatives 39 — 155 — 194 Investments in subsidiaries 10,099 7,060 — (17,159 ) — Other investments — — 379 — 379 Securities pledged — — 1,462 — 1,462 Total investments 10,237 7,060 50,492 (17,174 ) 50,615 Cash and cash equivalents 209 2 1,026 — 1,237 Short-term investments under securities loan agreements, including collateral delivered 11 — 1,282 — 1,293 Accrued investment income — — 529 — 529 Premium receivable and reinsurance recoverable — — 3,843 — 3,843 Deferred policy acquisition costs and Value of business acquired — — 2,973 — 2,973 Current income taxes (37 ) 26 28 — 17 Deferred income taxes 553 22 1,035 — 1,610 Loans to subsidiaries and affiliates 79 — 4 (83 ) — Due from subsidiaries and affiliates 2 — 3 (5 ) — Other assets 13 — 1,014 — 1,027 Assets related to consolidated investment entities: Limited partnerships/corporations, at fair value — — 1,421 — 1,421 Cash and cash equivalents — — 331 — 331 Corporate loans, at fair value using the fair value option — — 542 — 542 Other assets — — 16 — 16 Assets held in separate accounts — — 69,931 — 69,931 Assets held for sale — — 20,045 — 20,045 Total assets $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430 Condensed Consolidating Balance Sheet (Continued) December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Liabilities and Shareholders' Equity: Future policy benefits $ — $ — $ 9,587 $ — $ 9,587 Contract owner account balances — — 41,183 — 41,183 Payables under securities loan and repurchase agreements, including collateral held — — 1,366 — 1,366 Short-term debt 4 — 80 (83 ) 1 Long-term debt 2,763 371 17 (15 ) 3,136 Derivatives 39 — 125 — 164 Pension and other postretirement provisions — — 551 — 551 Due to subsidiaries and affiliates 1 — 2 (3 ) — Other liabilities 47 55 1,275 (2 ) 1,375 Liabilities related to consolidated investment entities: Collateralized loan obligations notes, at fair value using the fair value option — — 540 — 540 Other liabilities — — 688 — 688 Liabilities related to separate accounts — — 69,931 — 69,931 Liabilities held for sale — — 17,903 — 17,903 Total liabilities 2,854 426 143,248 (103 ) 146,425 Shareholders' equity: Total Voya Financial, Inc. shareholders' equity 8,213 6,684 10,475 (17,159 ) 8,213 Noncontrolling interest — — 792 — 792 Total shareholders' equity 8,213 6,684 11,267 (17,159 ) 9,005 Total liabilities and shareholders' equity $ 11,067 $ 7,110 $ 154,515 $ (17,262 ) $ 155,430
Schedule of Condensed Consolidating Statement of Operations	Condensed Consolidating Statement of Operations For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 39 $ — $ 2,765 $ (12 ) $ 2,792 Fee income — — 1,969 — 1,969 Premiums — — 2,273 — 2,273 Net realized capital gains (losses): Total other-than-temporary impairments — — (65 ) — (65 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (1 ) — (1 ) Net other-than-temporary impairments recognized in earnings — — (64 ) — (64 ) Other net realized capital gains (losses) (1 ) — (101 ) — (102 ) Total net realized capital gains (losses) (1 ) — (165 ) — (166 ) Other revenue — — 465 — 465 Income (loss) related to consolidated investment entities: Net investment income — — 143 — 143 Total revenues 38 — 7,450 (12 ) 7,476 Benefits and expenses: Policyholder benefits — — 2,583 — 2,583 Interest credited to contract owner account balances — — 1,167 — 1,167 Operating expenses 12 — 2,734 — 2,746 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 199 — 199 Interest expense 151 29 8 (12 ) 176 Operating expenses related to consolidated investment entities: Interest expense — — 38 — 38 Other expense — — 7 — 7 Total benefits and expenses 163 29 6,736 (12 ) 6,916 Income (loss) from continuing operations before income taxes (125 ) (29 ) 714 — 560 Income tax expense (benefit) (277 ) (27 ) 99 — (205 ) Income (loss) from continuing operations 152 (2 ) 615 — 765 Income (loss) from discontinued operations, net of tax — (83 ) (983 ) — (1,066 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates 152 (85 ) (368 ) — (301 ) Equity in earnings (losses) of subsidiaries, net of tax (503 ) 431 — 72 — Net income (loss) (351 ) 346 (368 ) 72 (301 ) Less: Net income (loss) attributable to noncontrolling interest — — 50 — 50 Net income (loss) available to Voya Financial, Inc. (351 ) 346 (418 ) 72 (351 ) Less: Preferred stock dividends 28 — — — 28 Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (379 ) $ 346 $ (418 ) $ 72 $ (379 ) Condensed Consolidating Statement of Operations For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 1 $ 1 $ 2,676 $ (9 ) $ 2,669 Fee income — — 1,982 — 1,982 Premiums — — 2,132 — 2,132 Net realized capital gains (losses): Total other-than-temporary impairments — — (27 ) — (27 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — 1 — 1 Net other-than-temporary impairments recognized in earnings — — (28 ) — (28 ) Other net realized capital gains (losses) — — (327 ) — (327 ) Total net realized capital gains (losses) — — (355 ) — (355 ) Other revenue (5 ) — 448 — 443 Income (loss) related to consolidated investment entities: Net investment income — — 292 — 292 Total revenues (4 ) 1 7,175 (9 ) 7,163 Benefits and expenses: Policyholder benefits — — 2,364 — 2,364 Interest credited to contract owner account balances — — 1,162 — 1,162 Operating expenses 11 — 2,595 — 2,606 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 233 — 233 Interest expense 175 53 2 (9 ) 221 Operating expenses related to consolidated investment entities: Interest expense — — 41 — 41 Other expense — — 8 — 8 Total benefits and expenses 186 53 6,405 (9 ) 6,635 Income (loss) from continuing operations before income taxes (190 ) (52 ) 770 — 528 Income tax expense (benefit) — (24 ) 400 (339 ) 37 Income (loss) from continuing operations (190 ) (28 ) 370 339 491 Income (loss) from discontinued operations, net of tax — — 529 — 529 Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (190 ) (28 ) 899 339 1,020 Equity in earnings (losses) of subsidiaries, net of tax 1,065 1,615 — (2,680 ) — Net income (loss) 875 1,587 899 (2,341 ) 1,020 Less: Net income (loss) attributable to noncontrolling interest — — 145 — 145 Net income (loss) available to Voya Financial, Inc. 875 1,587 754 (2,341 ) 875 Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ 875 $ 1,587 $ 754 $ (2,341 ) $ 875 Condensed Consolidating Statement of Operations For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Revenues: Net investment income $ 33 $ — $ 2,621 $ (13 ) $ 2,641 Fee income — — 1,889 — 1,889 Premiums — — 2,097 — 2,097 Net realized capital gains (losses): Total other-than-temporary impairments — — (29 ) — (29 ) Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss) — — (9 ) — (9 ) Net other-than-temporary impairments recognized in earnings — — (20 ) — (20 ) Other net realized capital gains (losses) — — (189 ) — (189 ) Total net realized capital gains (losses) — — (209 ) — (209 ) Other revenue 8 1 370 — 379 Income (loss) related to consolidated investment entities: Net investment income — — 432 — 432 Total revenues 41 1 7,200 (13 ) 7,229 Benefits and expenses: Policyholder benefits — — 2,422 — 2,422 Interest credited to contract owner account balances — — 1,236 — 1,236 Operating expenses 9 — 2,553 — 2,562 Net amortization of Deferred policy acquisition costs and Value of business acquired — — 353 — 353 Interest expense 155 37 5 (13 ) 184 Operating expenses related to consolidated investment entities: Interest expense — — 80 — 80 Other expense — — 7 — 7 Total benefits and expenses 164 37 6,656 (13 ) 6,844 Income (loss) from continuing operations before income taxes (123 ) (36 ) 544 — 385 Income tax expense (benefit) 113 3 571 — 687 Income (loss) from continuing operations (236 ) (39 ) (27 ) — (302 ) Income (loss) from discontinued operations, net of tax — — (2,473 ) — (2,473 ) Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (236 ) (39 ) (2,500 ) — (2,775 ) Equity in earnings (losses) of subsidiaries, net of tax (2,756 ) (2,623 ) — 5,379 — Net income (loss) (2,992 ) (2,662 ) (2,500 ) 5,379 (2,775 ) Less: Net income (loss) attributable to noncontrolling interest — — 217 — 217 Net income (loss) available to Voya Financial, Inc. (2,992 ) (2,662 ) (2,717 ) 5,379 (2,992 ) Less: Preferred stock dividends — — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (2,992 ) $ (2,662 ) $ (2,717 ) $ 5,379 $ (2,992 )
Schedule of Condensed Consolidating Statement of Comprehensive Income	Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ (351 ) $ 346 $ (368 ) $ 72 $ (301 ) Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities 3,013 2,290 3,013 (5,303 ) 3,013 Other-than-temporary impairments 3 2 3 (5 ) 3 Pension and other postretirement benefits liability (4 ) (2 ) (4 ) 6 (4 ) Other comprehensive income (loss), before tax 3,012 2,290 3,012 (5,302 ) 3,012 Income tax expense (benefit) related to items of other comprehensive income (loss) 631 479 631 (1,110 ) 631 Other comprehensive income (loss), after tax 2,381 1,811 2,381 (4,192 ) 2,381 Comprehensive income (loss) 2,030 2,157 2,013 (4,120 ) 2,080 Less: Comprehensive income (loss) attributable to noncontrolling interest — — 50 — 50 Comprehensive income (loss) attributable to Voya Financial, Inc. $ 2,030 $ 2,157 $ 1,963 $ (4,120 ) $ 2,030 Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ 875 $ 1,587 $ 899 $ (2,341 ) $ 1,020 Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities (2,810 ) (2,143 ) (2,810 ) 4,953 (2,810 ) Other-than-temporary impairments 32 30 32 (62 ) 32 Pension and other postretirement benefits liability (11 ) (2 ) (11 ) 13 (11 ) Other comprehensive income (loss), before tax (2,789 ) (2,115 ) (2,789 ) 4,904 (2,789 ) Income tax expense (benefit) related to items of other comprehensive income (loss) (693 ) (412 ) (694 ) 1,106 (693 ) Other comprehensive income (loss), after tax (2,096 ) (1,703 ) (2,095 ) 3,798 (2,096 ) Comprehensive income (loss) (1,221 ) (116 ) (1,196 ) 1,457 (1,076 ) Less: Comprehensive income (loss) attributable to noncontrolling interest — — 145 — 145 Comprehensive income (loss) attributable to Voya Financial, Inc. $ (1,221 ) $ (116 ) $ (1,341 ) $ 1,457 $ (1,221 ) Condensed Consolidating Statement of Comprehensive Income For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net income (loss) $ (2,992 ) $ (2,662 ) $ (2,500 ) $ 5,379 $ (2,775 ) Other comprehensive income (loss), before tax: Unrealized gains (losses) on securities 1,191 813 1,191 (2,004 ) 1,191 Other-than-temporary impairments (2 ) (5 ) (2 ) 7 (2 ) Pension and other postretirement benefits liability (15 ) (3 ) (15 ) 18 (15 ) Other comprehensive income (loss), before tax 1,174 805 1,174 (1,979 ) 1,174 Income tax expense (benefit) related to items of other comprehensive income (loss) 364 258 364 (622 ) 364 Other comprehensive income (loss), after tax 810 547 810 (1,357 ) 810 Comprehensive income (loss) (2,182 ) (2,115 ) (1,690 ) 4,022 (1,965 ) Less: Comprehensive income (loss) attributable to noncontrolling interest — — 217 — 217 Comprehensive income (loss) attributable to Voya Financial, Inc. $ (2,182 ) $ (2,115 ) $ (1,907 ) $ 4,022 $ (2,182 )
Schedule of Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (110 ) $ 445 $ 1,430 $ (455 ) $ 1,310 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 6,423 — 6,423 Equity securities 156 — 7 — 163 Mortgage loans on real estate — — 1,153 — 1,153 Limited partnerships/corporations — — 205 — 205 Acquisition of: Fixed maturities (5 ) — (6,450 ) — (6,455 ) Equity securities (35 ) — (20 ) — (55 ) Mortgage loans on real estate — — (760 ) — (760 ) Limited partnerships/corporations (4 ) — (399 ) — (403 ) Short-term investments, net — — 58 — 58 Derivatives, net — — (29 ) — (29 ) Sales from consolidated investment entities — — 586 — 586 Purchases within consolidated investment entities — — (1,385 ) — (1,385 ) Maturity (issuance) of short-term intercompany loans, net (85 ) — (65 ) 150 — Return of capital contributions and dividends from subsidiaries 1,064 437 — (1,501 ) — Capital contributions to subsidiaries (3 ) (57 ) — 60 — Collateral received (delivered), net — — (95 ) — (95 ) Other, net — — (35 ) — (35 ) Net cash used in investing activities - discontinued operations — (128 ) (498 ) — (626 ) Net cash provided by (used in) investing activities 1,088 252 (1,304 ) (1,291 ) (1,255 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2019 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 4,383 — 4,383 Maturities and withdrawals from investment contracts — — (5,180 ) — (5,180 ) Settlements on deposit contracts — — (8 ) — (8 ) Repayment of debt with maturities of more than three months (106 ) — (7 ) — (113 ) Net (repayments of) proceeds from short-term intercompany loans 65 87 (1 ) (151 ) — Return of capital contributions and dividends to parent — (786 ) (1,171 ) 1,957 — Contributions of capital from parent — — 60 (60 ) — Borrowings of consolidated investment entities — — 1,106 — 1,106 Repayments of borrowings of consolidated investment entities — — (903 ) — (903 ) Contributions from (distributions to) participants in consolidated investment entities — — 715 — 715 Proceeds from issuance of common stock, net 3 — — — 3 Proceeds from issuance of preferred stock, net 293 — — — 293 Share-based compensation (22 ) — — — (22 ) Common stock acquired - Share repurchase (1,136 ) — — — (1,136 ) Dividends paid on common stock (44 ) — — — (44 ) Dividends paid on preferred stock (28 ) — — — (28 ) Net cash provided by financing activities - discontinued operations — — 813 — 813 Net cash (used in) provided by financing activities (975 ) (699 ) (193 ) 1,746 (121 ) Net increase (decrease) in cash and cash equivalents 3 (2 ) (67 ) — (66 ) Cash and cash equivalents, beginning of period 209 2 1,327 — 1,538 Cash and cash equivalents, end of period 212 — 1,260 — 1,472 Less: Cash and cash equivalents of discontinued operations, end of period — — 291 — 291 Cash and cash equivalents of continuing operations, end of period $ 212 $ — $ 969 $ — $ 1,181 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (27 ) $ 311 $ 1,978 $ (394 ) $ 1,868 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 6,419 — 6,419 Equity securities, available-for-sale 34 — 118 — 152 Mortgage loans on real estate — — 895 — 895 Limited partnerships/corporations — — 318 — 318 Acquisition of: Fixed maturities — — (7,513 ) — (7,513 ) Equity securities, available-for-sale (36 ) — (21 ) — (57 ) Mortgage loans on real estate — — (643 ) — (643 ) Limited partnerships/corporations — — (318 ) — (318 ) Short-term investments, net 212 — 61 — 273 Derivatives, net — — 72 — 72 Sales from consolidated investments entities — — 1,365 — 1,365 Purchases within consolidated investment entities — — (994 ) — (994 ) Maturity (issuance) of short-term intercompany loans, net 111 — 414 (525 ) — Return of capital contributions and dividends from subsidiaries 1,155 151 — (1,306 ) — Capital contributions to subsidiaries (55 ) (55 ) — 110 — Collateral (delivered) received, net — — (28 ) — (28 ) Other, net (13 ) 1 3 — (9 ) Net cash provided by (used in) investing activities - discontinued operations — 331 (545 ) — (214 ) Net cash provided by (used in) investing activities 1,408 428 (397 ) (1,721 ) (282 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2018 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 4,884 — 4,884 Maturities and withdrawals from investment contracts — — (4,799 ) — (4,799 ) Settlements on deposit contracts — — (10 ) — (10 ) Proceeds from issuance of debt with maturities of more than three months 350 — (62 ) — 288 Repayment of debt with maturities of more than three months (623 ) (87 ) 33 — (677 ) Debt issuance costs (6 ) — — — (6 ) Net (repayments of) proceeds from short-term intercompany loans (414 ) (68 ) (43 ) 525 — Return of capital contributions and dividends to parent — (638 ) (1,062 ) 1,700 — Contributions of capital from parent — 55 55 (110 ) — Borrowings of consolidated investment entities — — 773 — 773 Repayments of borrowings of consolidated investment entities — — (656 ) — (656 ) Contributions from (distributions to) participants in consolidated investment entities — — (166 ) — (166 ) Proceeds from issuance of common stock, net 3 — — — 3 Proceeds from issuance of preferred stock, net 319 — — — 319 Share-based compensation (14 ) — — — (14 ) Common stock acquired - Share repurchase (1,025 ) — — — (1,025 ) Dividends paid on common stock (6 ) — — — (6 ) Net cash used in financing activities - discontinued operations — — (672 ) — (672 ) Net cash (used in) provided by financing activities (1,416 ) (738 ) (1,725 ) 2,115 (1,764 ) Net (decrease) increase in cash and cash equivalents (35 ) 1 (144 ) — (178 ) Cash and cash equivalents, beginning of period 244 1 1,471 — 1,716 Cash and cash equivalents, end of period 209 2 1,327 — 1,538 Less: Cash and cash equivalents of discontinued operations, end of period — — 301 — 301 Cash and cash equivalents of continuing operations, end of period $ 209 $ 2 $ 1,026 $ — $ 1,237 Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Net cash (used in) provided by operating activities $ (18 ) $ 138 $ 1,694 $ (232 ) $ 1,582 Cash Flows from Investing Activities: Proceeds from the sale, maturity, disposal or redemption of: Fixed maturities — — 7,001 — 7,001 Equity securities, available-for-sale 25 — 29 — 54 Mortgage loans on real estate — — 851 — 851 Limited partnerships/corporations — — 211 — 211 Acquisition of: Fixed maturities — — (6,445 ) — (6,445 ) Equity securities, available-for-sale (34 ) — (11 ) — (45 ) Mortgage loans on real estate — — (1,478 ) — (1,478 ) Limited partnerships/corporations — — (302 ) — (302 ) Short-term investments, net — — (28 ) — (28 ) Derivatives, net — — 203 — 203 Sales from consolidated investments entities — — 2,047 — 2,047 Purchases within consolidated investment entities — — (2,036 ) — (2,036 ) Issuance of intercompany loans with maturities more than three months (34 ) — — 34 — Maturity of intercompany loans with maturities more than three months 34 — — (34 ) — Maturity (issuance) of short-term intercompany loans, net 87 — (408 ) 321 — Return of capital contributions and dividends from subsidiaries 1,020 1,024 — (2,044 ) — Capital contributions to subsidiaries (467 ) (47 ) — 514 — Collateral (delivered) received, net — — (205 ) — (205 ) Other, net — — 5 — 5 Net cash used in investing activities - discontinued operations — — (2,261 ) — (2,261 ) Net cash provided by (used in) investing activities 631 977 (2,827 ) (1,209 ) (2,428 ) Condensed Consolidating Statement of Cash Flows (Continued) For the Year Ended December 31, 2017 Parent Issuer Subsidiary Guarantor Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated Cash Flows from Financing Activities: Deposits received for investment contracts — — 3,593 — 3,593 Maturities and withdrawals from investment contracts — — (4,763 ) — (4,763 ) Proceeds from issuance of debt with maturities of more than three months 399 — (61 ) — 338 Repayment of debt with maturities of more than three months (494 ) — 33 — (461 ) Debt issuance costs (3 ) — — — (3 ) Repayments of intercompany loans with maturities of more than three months — — (34 ) 34 — Proceeds of intercompany loans with maturities of more than three months — — 34 (34 ) — Net proceeds from (repayments of) short-term intercompany loans 408 (143 ) 56 (321 ) — Return of capital contributions and dividends to parent — (1,020 ) (1,256 ) 2,276 — Contributions of capital from parent — 47 467 (514 ) — Borrowings of consolidated investment entities — — 967 — 967 Repayments of borrowings of consolidated investment entities — — (804 ) — (804 ) Contributions from (distributions to) participants in consolidated investment entities — — 449 — 449 Proceeds from issuance of common stock, net 3 — — — 3 Share-based compensation (8 ) — — — (8 ) Common stock acquired - Share repurchase (923 ) — — — (923 ) Dividends paid on common stock (8 ) — — — (8 ) Net cash provided by financing activities - discontinued operations — — 1,271 — 1,271 Net cash (used in) provided by financing activities (626 ) (1,116 ) (48 ) 1,441 (349 ) Net decrease in cash and cash equivalents (13 ) (1 ) (1,181 ) — (1,195 ) Cash and cash equivalents, beginning of period 257 2 2,652 — 2,911 Cash and cash equivalents, end of period 244 1 1,471 — 1,716 Less: Cash and cash equivalents of discontinued operations, end of period — — 862 — 862 Cash and cash equivalents of continuing operations, end of period $ 244 $ 1 $ 609 $ — $ 854

Selected Consolidated Unaudit_2

Selected Consolidated Unaudited Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	The unaudited quarterly results of operations for 2019 and 2018 are summarized in the table below: Three Months Ended, March 31, June 30, September 30, December 31, ($ in millions, except per share amounts) 2019 Total revenues $ 1,822 $ 1,969 $ 1,875 $ 1,810 Total benefits and expenses 1,720 1,726 1,726 1,744 Income (loss) from continuing operations before income taxes 102 243 149 66 Income (loss) from discontinued operations, net of tax (20 ) 42 (4 ) (1,084 ) Net income (loss) 73 252 140 (766 ) Less: Net income (loss) attributable to noncontrolling interest (1 ) 26 19 6 Net income (loss) available to Voya Financial, Inc. 74 226 121 (772 ) Less: Preferred stock dividends 10 — 14 4 Net income (loss) available to Voya Financial, Inc.'s common shareholders 64 226 107 (776 ) Earnings Per Share Basic Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.57 $ 1.27 $ 0.80 $ 2.29 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (0.14 ) $ 0.29 $ (0.03 ) $ (8.06 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ 0.44 $ 1.57 $ 0.77 $ (5.76 ) Diluted Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.56 $ 1.22 $ 0.77 $ 2.17 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ (0.13 ) $ 0.28 $ (0.03 ) $ (7.62 ) Income (loss) available to Voya Financial, Inc.'s common shareholders $ 0.42 $ 1.51 $ 0.74 $ (5.45 ) Three Months Ended, March 31, June 30, September 30, December 31, ($ in millions, except per share amounts) 2018 Total revenues $ 1,661 $ 1,761 $ 1,890 $ 1,851 Total benefits and expenses 1,653 1,596 1,661 1,725 Income (loss) from continuing operations before income taxes 8 165 229 126 Income (loss) from discontinued operations, net of tax 440 92 (32 ) 29 Net income (loss) 446 229 168 177 Less: Net income (loss) attributable to noncontrolling interest — 62 26 57 Net income (loss) available to Voya Financial, Inc. 446 167 142 120 Less: Preferred stock dividends — — — — Net income (loss) available to Voya Financial, Inc.'s common shareholders 446 167 142 120 Earnings Per Share Basic Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.03 $ 0.45 $ 1.09 $ 0.60 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ 2.56 $ 0.55 $ (0.20 ) $ 0.18 Income (loss) available to Voya Financial, Inc.'s common shareholders $ 2.59 $ 1.00 $ 0.89 $ 0.78 Diluted Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders $ 0.03 $ 0.43 $ 1.06 $ 0.58 Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders $ 2.47 $ 0.53 $ (0.19 ) $ 0.18 Income (loss) available to Voya Financial, Inc.'s common shareholders $ 2.50 $ 0.96 $ 0.87 $ 0.76

Business, Basis of Presentati_3

Business, Basis of Presentation and Significant Accounting Policies - Business and Business of Presentation (Details)	12 Months Ended
	Dec. 31, 2019subsidiarysegments	Jun. 01, 2018subsidiary
Item Effected [Line Items]
Number of operating segments | segments	3
Number of insurance subsidiaries	3
Held for sale | 2018 Transaction
Item Effected [Line Items]
Number of insurance subsidiaries		2

Business, Basis of Presentati_4

Business, Basis of Presentation and Significant Accounting Policies - Securities Lending (Details)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Rate required of collateral as a percent of market value of loans securities	102.00%

Business, Basis of Presentati_5

Business, Basis of Presentation and Significant Accounting Policies - Amortization Methodologies Assumptions (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs and value of business acquired amortization related to emergence of estimated gross profit	$ 1,478
Long-term equity return assumption	9.00%
Long-term equity return assumption, cap	14.00%
Long-term equity return assumption, look-forward period	5 years
Deferred policy acquisition cost
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs and value of business acquired amortization related to emergence of estimated gross profit	$ 904
Held for sale
Deferred Policy Acquisition Cost [Line Items]
Deferred policy acquisition costs and value of business acquired amortization related to emergence of estimated gross profit	$ 574

Business, Basis of Presentati_6

Business, Basis of Presentation and Significant Accounting Policies - Future Policy Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Impairment write-down resulting in a premium deficiency reserve			$ 43
Individual and Group Life Insurance Reserves | Minimum
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Discount rate (percent)	2.30%
Individual and Group Life Insurance Reserves | Maximum
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Discount rate (percent)	7.70%
Fixed annuities and payout contracts without life contingencies
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Credited interest rate maximum on fixed annuities and payout contracts without life contingencies	7.50%	7.50%	0.00%
Future Policy Benefits and Claims Reserves | Minimum
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Discount rate (percent)	2.70%
Future Policy Benefits and Claims Reserves | Maximum
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Discount rate (percent)	8.30%
Held for sale
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Impairment write-down resulting in a premium deficiency reserve			$ 25
Policyholder Benefits
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Impairment write-down resulting in a premium deficiency reserve			18
Future Policyholder Benefits
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Impairment write-down resulting in a premium deficiency reserve			18
liabilities held for sale
Long-Duration Contracts, Assumptions by Product and Guarantee [Line Items]
Impairment write-down resulting in a premium deficiency reserve			$ 25

Business, Basis of Presentati_7

Business, Basis of Presentation and Significant Accounting Policies - Adoption of Accounting Pronouncements (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)segments	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2016USD ($)
New Accounting Pronouncement, Early Adoption [Line Items]
Impairment write-down resulting in a premium deficiency reserve			$ 43
Other assets	$ 902	$ 1,027
Operating expenses	2,746	2,606	2,562
Other assets	$ 10,218	11,292
Number of operating segments | segments	3
Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			0
Accounting Standards Update 2016-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU					$ 15
Accounting Standards Update 2014-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			84
Accounting Standards Update 2018-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU	$ 0
Accounting Standards Update 2016-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU	146	$ 0	0
Other liabilities | Accounting Standards Update 2016-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU				$ 146
Other assets | Accounting Standards Update 2016-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU				146
Unappropriated | Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			28
Unappropriated | Accounting Standards Update 2016-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU					15
Unappropriated | Accounting Standards Update 2014-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			84
Unappropriated | Accounting Standards Update 2018-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU	(343)			343
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2016-01
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			(28)
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2016-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU					$ 0
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2014-09
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU			$ 0
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2018-02
New Accounting Pronouncement, Early Adoption [Line Items]
Adjustment for adoption of ASU	$ 343			$ 343

Business, Basis of Presentati_8

Business, Basis of Presentation and Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 1,423	$ 1,426
Other assets	902	1,027
Contract cost assets	111	108
Amortization expense	25	24
Deferred income taxes	1,458	1,610
Operating expenses	2,746	2,606	$ 2,562
Net cash (used in) provided by operating activities	$ 1,310	$ 1,868	1,582
Retirement
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax, percentage	27.40%	28.40%
Corporate
Disaggregation of Revenue [Line Items]
Revenue from contract with customer, excluding assessed tax, percentage	3.60%	17.30%
Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Receivables	$ 249	$ 237
Adjustment for adoption of ASU			$ 84
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Other assets		108		$ 106
Deferred income taxes		23		(22)
Adjustment for adoption of ASU		85		$ 84
Operating expenses		2
Net cash (used in) provided by operating activities		0
Minimum
Disaggregation of Revenue [Line Items]
Weighted Average Amortization Lives	5 years
Maximum
Disaggregation of Revenue [Line Items]
Weighted Average Amortization Lives	15 years
Distribution Fees
Disaggregation of Revenue [Line Items]
Revenue	$ 438	$ 469

Business Held for Sale and Di_3

Business Held for Sale and Discontinued Operations - Held for Sale Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investments:
Cash and cash equivalents	$ 291	$ 301	$ 862
Total assets held for sale	20,069	20,045
Liabilities:
Total liabilities held for sale	18,498	17,903
Held for sale
Investments:
Total assets held for sale	20,069	20,045
Liabilities:
Total liabilities held for sale	18,498	17,903
Held for sale | Individual Life Transaction
Investments:
Fixed maturities, available-for-sale, at fair value	11,483	9,401
Fixed maturities, at fair value using the fair value option	752	722
Mortgage loans on real estate, net of valuation allowance	1,319	1,395
Policy loans	1,005	1,019
Derivatives	304	131
Other investments	430	333
Securities pledged	235	405
Total investments	15,528	13,406
Cash and cash equivalents	291	301
Short-term investments under securities loan agreements, including collateral delivered	216	391
Premium receivable and reinsurance recoverable	3,101	3,309
Deferred policy acquisition costs and Value of business acquired	607	1,143
Current income taxes	136	220
Deferred income taxes	(757)	(452)
Other assets	570	430
Assets held in separate accounts	1,485	1,297
Write-down of businesses held for sale to fair value less cost to sell	(1,108)	0
Total assets held for sale	20,069	20,045
Liabilities:
Future policy benefits and contract owner account balances	15,472	15,008
Payables under securities loan and repurchase agreements, including collateral held	428	455
Derivatives	77	53
Notes payable	252	222
Other liabilities	784	868
Liabilities related to separate accounts	1,485	1,297
Total liabilities held for sale	18,498	17,903
Held for sale | 2018 Transaction
Investments:
Total assets held for sale	0	0
Liabilities:
Total liabilities held for sale	$ 0	$ 0

Business Held for Sale and Di_4

Business Held for Sale and Discontinued Operations - Held for Sale Income Statements (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended			36 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2019
Benefits and expenses:
Income (loss) from discontinued operations, net of tax	$ (1,084)	$ (4)	$ 42	$ (20)	$ 29	$ (32)	$ 92	$ 440	$ (1,066)	$ 529	$ (2,473)
Held for sale
Benefits and expenses:
Income (loss) from discontinued operations, net of tax									(1,066)	529	(2,473)
Individual Life Transaction | Held for sale
Revenues:
Net investment income									665	649	672
Fee income									750	743	754
Premiums									27	27	24
Total net realized capital gains (losses)									45	(44)	(18)
Other revenue									(21)	4	(8)
Total revenues									1,466	1,379	1,424
Benefits and expenses:
Interest credited and other benefits to contract owners/policyholders									1,065	1,050	978
Operating expenses									83	96	102
Net amortization of Deferred policy acquisition costs and Value of business acquired									153	135	176
Interest expense									10	9	8
Total benefits and expenses									1,311	1,290	1,264
Income (loss) from discontinued operations before income taxes									155	89	160
Income tax expense (benefit)									31	17	53
Loss on sale, net of tax									(1,108)	0	0
Income (loss) from discontinued operations, net of tax									(984)	72	107
2018 Transaction | Held for sale
Revenues:
Net investment income									0	510	1,266
Fee income									0	295	801
Premiums									0	(50)	190
Total net realized capital gains (losses)									0	(345)	(1,234)
Other revenue									0	10	19
Total revenues									0	420	1,042
Benefits and expenses:
Interest credited and other benefits to contract owners/policyholders									0	442	978
Operating expenses									0	(14)	250
Net amortization of Deferred policy acquisition costs and Value of business acquired									0	49	127
Interest expense									0	10	22
Total benefits and expenses									0	487	1,377
Income (loss) from discontinued operations before income taxes									0	(67)	(335)
Income tax expense (benefit)									0	(19)	(178)
Loss on sale, net of tax									(82)	505	(2,423)	$ (2,000)
Income (loss) from discontinued operations, net of tax									$ (82)	$ 457	$ (2,580)

Business Held for Sale and Di_5

Business Held for Sale and Discontinued Operations - Held for Sale Cash Flows Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities - discontinued operations	$ (102)	$ 1,052	$ 511
Net cash provided by investing activities - discontinued operations	(626)	(214)	(2,261)
Net cash provided by financing activities - discontinued operations	813	(672)	1,271
Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities - discontinued operations	(102)	1,052	511
Net cash provided by investing activities - discontinued operations	(626)	(214)	(2,261)
Net cash provided by financing activities - discontinued operations	813	(672)	1,271
Individual Life Transaction | Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities - discontinued operations	(102)	(410)	100
Net cash provided by investing activities - discontinued operations	(498)	(248)	(1,000)
Net cash provided by financing activities - discontinued operations	813	537	887
2018 Transaction | Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net cash provided by operating activities - discontinued operations	0	1,462	411
Net cash provided by investing activities - discontinued operations	(128)	34	(1,261)
Net cash provided by financing activities - discontinued operations	$ 0	$ (1,209)	$ 384

Business Held for Sale and Di_6

Business Held for Sale and Discontinued Operations - Narrative (Details)	Sep. 30, 2020USD ($)subsidiary	Jun. 01, 2018USD ($)subsidiary	Dec. 31, 2019USD ($)subsidiary	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)subsidiary	Dec. 18, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of subsidiaries | subsidiary			3				3
Individual Life Transaction | Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reverse termination fee payable if Resolution MTA is terminated in prescribed circumstances related to failure to provide a committed financing facility								$ 100,000,000
Reverse termination fee payable if Resolution MTA is terminated in prescribed circumstances related to failure to obtain certain approvals or consents								$ 20,000,000
Estimated loss on sale, net of Tax			$ 1,108,000,000	$ 0	$ 0
Fair value of reinsurance rate sharing derivative			77,000,000	53,000,000		$ 53,000,000	$ 77,000,000
Write-down of businesses held for sale to fair value less cost to sell			(1,108,000,000)	0		0	(1,108,000,000)
Individual Life Transaction | Held for sale | RLNY | SLD
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reinsurance agreement, reserves expected to be ceded			11,000,000,000				11,000,000,000
2018 Transaction | Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of subsidiaries | subsidiary		2
Purchase price		$ 169,000,000
Principal amount in surplus notes that will be retained by the Company		$ 350,000,000
Estimated loss on sale, net of Tax			82,000,000	$ (505,000,000)	$ 2,423,000,000		2,000,000,000
Estimated transaction costs							$ 33,000,000
Equity interest in VA Capital		9.99%
Loss on deferred tax assets due to sale						$ 460,000,000
Amount of adjustment to prior period gain (loss) on disposal, net of tax			$ (82,000,000)
Forecast | Subsequent event | Individual Life Transaction | Held for sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of subsidiaries | subsidiary	5
Purchase price	$ 1,250,000,000
Cash consideration	902,000,000
Equity interest in RLGH	225,000,000
Principal amount in surplus notes that will be retained by the Company	123,000,000
Maximum amount of financial obligations guaranteed under limited guarantee provided by RLGH	$ 1,300,000,000
Forecast | Subsequent event | Individual Life Transaction | Held for sale | RLI and VRIAC | SLD
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reinsurance agreement, reinsurance quota share, percent of respective individual life insurance and annuities businesses	100.00%
Forecast | Subsequent event | Individual Life Transaction | Held for sale | RLNY | SLD
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reinsurance agreement, reinsurance quota share, percent of respective individual life insurance and annuities businesses	75.00%

Investments (excluding Consol_3

Investments (excluding Consolidated Investment Entities) - Fixed Maturities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	$ 35,836	$ 36,268
Securities pledged, Amortized Cost	1,264	1,436
Fixed maturities, including securities pledged	39,663	36,897
U.S. Treasuries
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	1,074	1,228
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	308	196
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	0	1
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	1,382	1,423
OTTI	0	0
U.S. Government agencies and authorities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	74	62
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	21	12
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	0	0
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	95	74
OTTI	0	0
State, municipalities, and political subdivisions
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	1,220	1,241
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	103	25
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	0	16
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	1,323	1,250
OTTI	0	0
U.S. corporate public securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	12,980	14,455
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	1,977	721
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	19	300
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	14,938	14,876
OTTI	0	0
U.S. corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	5,568	5,499
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	488	134
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	21	142
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	6,035	5,491
OTTI	0	0
Foreign corporate public securities and foreign governments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	3,887	4,139
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	460	125
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	6	129
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	4,341	4,135
OTTI	0	0
Foreign corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	4,545	4,705
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	288	66
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	2	131
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	4,831	4,640
OTTI	0	0
Residential mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	4,999	4,143
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	200	170
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	14	47
Embedded Derivatives	19	16
Fixed maturities, including securities pledged	5,204	4,282
OTTI	5	7
Commercial mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	3,402	2,777
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	176	27
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	4	41
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	3,574	2,763
OTTI	0	0
Other asset-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	2,058	1,688
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	22	10
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	25	40
Embedded Derivatives	0	0
Fixed maturities, including securities pledged	2,055	1,658
OTTI	1	2
Fixed maturities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	39,807	39,937
Total fixed maturities, less securities pledged, Amortized Cost	38,543	38,501
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	4,043	1,486
Total fixed maturities, less securities pledged, Gross Unrealized Capital Gains	3,889	1,411
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	91	847
Total fixed maturities, less securities pledged, Gross Unrealized Capital Losses	81	798
Embedded Derivatives	19	16
Fixed maturities, including securities pledged	43,778	40,592
Total fixed maturities, less securities pledged, Fair Value	42,370	39,130
OTTI	6	9
Impaired
Available-for-sale Securities, Including Securities Pledged [Line Items]
Net unrealized gains on impaired available-for-sale securities	336	234
Collateral pledged
Available-for-sale Securities, Including Securities Pledged [Line Items]
Securities pledged	1,408	1,462
Collateral pledged | Fixed maturities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Securities pledged, Amortized Cost	1,264	1,436
Securities pledged, Gross Unrealized Capital Gains	154	75
Securities pledged, Gross Unrealized Capital Losses	10	49
Embedded Derivatives	0	0
Securities pledged	1,408	1,462
OTTI	$ 0	$ 0

Investments (excluding Consol_4

Investments (excluding Consolidated Investment Entities) - Debt Maturities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	$ 35,836	$ 36,268
Fixed maturities, including securities pledged	39,663	36,897
Fixed maturities
Available-for-sale Securities, Including Securities Pledged [Line Items]
One year or less, Amortized Cost	1,105
One year or less, Fair Value	1,120
After one year through five years, Amortized Cost	5,391
After one year through five years, Fair Value	5,638
After five years through ten years, Amortized Cost	8,014
After five years through ten years, Fair Value	8,667
After ten years, Amortized Cost	14,838
After ten years, Fair Value	17,520
Fixed maturities, including securities pledged, Amortized Cost Basis	39,807	39,937
Fixed maturities, including securities pledged	$ 43,778	$ 40,592
Mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Percent collateralized mortgage backed securities including interest-only strip or principal-only strip	43.40%	46.00%
Without single maturity date, Amortized Cost	$ 8,401
Without single maturity date, Fair Value	8,778
Other asset-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Without single maturity date, Amortized Cost	2,058
Without single maturity date, Fair Value	2,055
Fixed maturities, including securities pledged, Amortized Cost Basis	2,058	$ 1,688
Fixed maturities, including securities pledged	$ 2,055	$ 1,658

Investments (excluding Consol_5

Investments (excluding Consolidated Investment Entities) - Composition of US and Foreign Corporate Securities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	$ 35,836	$ 36,268
Fixed maturities, including securities pledged	39,663	36,897
Total
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	26,350	28,129
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	3,149	1,031
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	47	685
Fixed maturities, including securities pledged	29,452	28,475
Communications
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	1,694	1,952
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	295	107
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	0	29
Fixed maturities, including securities pledged	1,989	2,030
Financial
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	4,067	4,131
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	535	199
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	1	70
Fixed maturities, including securities pledged	4,601	4,260
Industrial and other companies
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	11,669	12,707
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	1,274	371
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	16	330
Fixed maturities, including securities pledged	12,927	12,748
Energy
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	2,819	3,180
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	368	138
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	27	117
Fixed maturities, including securities pledged	3,160	3,201
Utilities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	4,895	5,120
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	561	189
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	1	114
Fixed maturities, including securities pledged	5,455	5,195
Transportation
Available-for-sale Securities, Including Securities Pledged [Line Items]
Fixed maturities, including securities pledged, Amortized Cost Basis	1,206	1,039
Fixed maturities, including securities pledged, Gross Unrealized Capital Gains	116	27
Fixed maturities, including securities pledged,Gross Unrealized Capital Losses	2	25
Fixed maturities, including securities pledged	$ 1,320	$ 1,041

Investments (excluding Consol_6

Investments (excluding Consolidated Investment Entities) - Fixed Maturities and Equity Securities, Repurchase Agreements and Securities Lending (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Including Securities Pledged [Line Items]
Securities received as collateral	$ 146	$ 91
Payables under securities loan agreement, including collateral held	1,373	1,366
Securities pledged
Available-for-sale Securities, Including Securities Pledged [Line Items]
Securities Pledged under repurchase agreements, carrying value	66	45
Fair value of loaned securities	1,159	1,237
Short-term investments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Securities received as collateral	1,055	1,190
Payables under securities loan agreement, including collateral held
Available-for-sale Securities, Including Securities Pledged [Line Items]
Obligation to repay loans related to repurchase agreement transaction	66	45
Payables under securities loan agreement, including collateral held	$ 1,055	$ 1,190
CMOs
Available-for-sale Securities, Including Securities Pledged [Line Items]
Percent collateralized mortgage backed securities including interest-only strip or principal-only strip	43.40%	46.00%
U.S. Treasuries
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	$ 213	$ 180
U.S. Government agencies and authorities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	15	7
U.S. corporate public securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	684	813
Equity securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	0	1
Foreign corporate public securities and foreign governments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	289	280
Payables under securities loan agreements
Available-for-sale Securities, Including Securities Pledged [Line Items]
Payables under securities loan agreement, including collateral held	$ 1,201	$ 1,281

Investments (excluding Consol_7

Investments (excluding Consolidated Investment Entities) - Unrealized Capital Losses (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	$ 1,823	$ 14,386
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	21	549
More Than Twelve Months Below Amortized Cost, Fair Value	1,450	3,375
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	70	298
Total Fair Value	3,273	17,761
Total Unrealized Capital Losses	$ 91	$ 847
Total number of securities in an unrealized loss position, Twelve Months or Less Below Amortized Cost, Fair Value | security	334	2,177
Total number of securities in an unrealized loss position, More Than Twelve Months Below Amortized Cost, Fair Value | security	338	686
Total number of securities in an unrealized loss position, Total, Fair Value | security	672	2,863
Available-for-sale Securities, change in loss position	$ 756
Fair value decline below amortized cost greater than 20%
Available-for-sale Securities, Including Securities Pledged [Line Items]
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	$ 12
Total number of securities in an unrealized loss position, More Than Twelve Months Below Amortized Cost, Fair Value | security	8
U.S. Treasuries
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	$ 2	$ 0
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	0	0
More Than Twelve Months Below Amortized Cost, Fair Value	21	40
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	0	1
Total Fair Value	23	40
Total Unrealized Capital Losses	0	1
State, municipalities, and political subdivisions
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	25	363
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	0	7
More Than Twelve Months Below Amortized Cost, Fair Value	1	178
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	0	9
Total Fair Value	26	541
Total Unrealized Capital Losses	0	16
U.S. corporate public securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	122	5,010
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	3	220
More Than Twelve Months Below Amortized Cost, Fair Value	199	742
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	16	80
Total Fair Value	321	5,752
Total Unrealized Capital Losses	19	300
U.S. corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	113	2,031
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	1	56
More Than Twelve Months Below Amortized Cost, Fair Value	195	744
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	20	86
Total Fair Value	308	2,775
Total Unrealized Capital Losses	21	142
Foreign corporate public securities and foreign governments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	15	1,849
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	0	88
More Than Twelve Months Below Amortized Cost, Fair Value	103	253
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	6	41
Total Fair Value	118	2,102
Total Unrealized Capital Losses	6	129
Foreign corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	36	1,969
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	0	101
More Than Twelve Months Below Amortized Cost, Fair Value	78	327
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	2	30
Total Fair Value	114	2,296
Total Unrealized Capital Losses	2	131
Residential mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	730	795
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	8	17
More Than Twelve Months Below Amortized Cost, Fair Value	194	531
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	6	30
Total Fair Value	924	1,326
Total Unrealized Capital Losses	14	47
Commercial mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	472	1,206
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	4	22
More Than Twelve Months Below Amortized Cost, Fair Value	18	484
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	0	19
Total Fair Value	490	1,690
Total Unrealized Capital Losses	4	41
Other asset-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Twelve Months or Less Below Amortized Cost, Fair Value	308	1,163
Twelve Months or Less Below Amortized Cost, Unrealized Capital Losses	5	38
More Than Twelve Months Below Amortized Cost, Fair Value	641	76
More Than Twelve Months Below Amortized Cost, Unrealized Capital Losses	20	2
Total Fair Value	949	1,239
Total Unrealized Capital Losses	$ 25	$ 40

Investments (excluding Consol_8

Investments (excluding Consolidated Investment Entities) - OTTI (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security	Dec. 31, 2017USD ($)security
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 60	$ 28	$ 20
No. of Securities | security	315	69	53
Write-downs related to credit impairments	$ 28	$ 19	$ 18
Impairment, Intent-related	32	9	2
State, municipalities, and political subdivisions
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 0	$ 0	$ 0
No. of Securities | security	8	0	2
U.S. corporate public securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 18	$ 6	$ 1
No. of Securities | security	38	2	3
U.S. corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 1	$ 0	$ 0
No. of Securities | security	18	0	0
Foreign corporate public securities and foreign governments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 5	$ 2	$ 2
No. of Securities | security	22	3	3
Foreign corporate private securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 26	$ 15	$ 15
No. of Securities | security	12	1	2
Residential mortgage-backed securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 5	$ 5	$ 1
No. of Securities | security	89	61	40
Other
Available-for-sale Securities, Including Securities Pledged [Line Items]
Impairment	$ 5	$ 0	$ 1
No. of Securities | security	128	2	3

Investments (excluding Consol_9

Investments (excluding Consolidated Investment Entities) - OTTI OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance, beginning	$ 11	$ 21	$ 21
Additional credit impairments:
On securities not previously impaired	0	0	8
Reductions:
Securities sold, matured, prepaid or paid down	3	10	8
Balance, ending	$ 8	$ 11	$ 21

Investments (excluding Conso_10

Investments (excluding Consolidated Investment Entities) - Troubled Debt Restructuring (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)loan	Dec. 31, 2018loan
Commercial mortgage loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of troubled debt restructuring contracts | loan	1	0
Pre-modification carrying value | $	$ 3
Post-modification carrying value | $	$ 2
Loans modified in troubled debt restructuring with subsequent payment default | loan	1	0
Private placement
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of troubled debt restructuring contracts | loan	1
Pre-modification carrying value | $	$ 107
Post-modification carrying value | $	$ 54
Loans modified in troubled debt restructuring with subsequent payment default | loan	0

Investments (excluding Conso_11

Investments (excluding Consolidated Investment Entities) - Mortgage Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maximum loan to value ratio generally allowed	75.00%
Commercial mortgage loans	$ 6,879,000,000	$ 7,283,000,000
Collective valuation allowance for losses	(1,000,000)	(2,000,000)
Total net commercial mortgage loans	6,878,000,000	7,281,000,000
Impairments on mortgage loan portfolio	2	0
Impairment	60,000,000	28,000,000	$ 20,000,000
Impaired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial mortgage loans	4,000,000	4,000,000
Total net commercial mortgage loans	4,000,000	4,000,000
Non Impaired
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial mortgage loans	6,875,000,000	7,279,000,000
Collective valuation allowance for losses	(1,000,000)	(2,000,000)
Total net commercial mortgage loans	6,874,000,000	$ 7,277,000,000
Mortgage loans on real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impairment	$ 4,000,000

Investments (excluding Conso_12

Investments (excluding Consolidated Investment Entities) - Allowance for Loan Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Collective valuation allowance for losses, beginning of period	$ 2	$ 3	$ 3
Addition to (reduction of) allowance for losses	(1)	(1)	0
Collective valuation allowance for losses, end of period	$ 1	$ 2	$ 3

Investments (excluding Conso_13

Investments (excluding Consolidated Investment Entities) - Impaired Loans (Details)	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired loans without allowances for losses	$ 4,000,000	$ 4,000,000
Less: Allowances for losses on impaired loans	0	0
Impaired loans, net	4,000,000	4,000,000
Unpaid principal balance of impaired loans	5,000,000	5,000,000
Mortgage loans in process of foreclosure	$ 0	0
Mortgage Loans, number of foreclosures	2
Mortgage Loans, Foreclosed carrying amount	$ 7,000,000
Greater than 60 days in arrears
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans in arrears, amortized cost	$ 0	$ 0

Investments (excluding Conso_14

Investments (excluding Consolidated Investment Entities) - Impaired Loans 2 (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Impaired loans, average investment during the period (amortized cost)	$ 11	$ 4	$ 4
Interest income recognized on impaired loans, on an accrual basis	1	0	0
Interest income recognized on impaired loans, on a cash basis	1	0	0
Interest income recognized on troubled debt restructured loans, on an accrual basis	$ 0	$ 0	$ 0

Investments (excluding Conso_15

Investments (excluding Consolidated Investment Entities) - Loans by Loan to Value Ratio and Debt Service Coverage Ratio (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule of Loans by Loan to Value Ratio [Line Items]
Benchmark loan to value ratio, greater than indicates unpaid loan amount exceeds underlying collateral	100.00%	100.00%
Benchmark debt service coverage ratio, less than indicates property's operations income is less than debt payments	100.00%	100.00%
Recorded investment	$ 6,879	$ 7,283
Percent of Total	100.00%	100.00%
Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 5,333	$ 5,654
Debt Service Coverage Ratio, minimum	150.00%	150.00%
Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 793	$ 689
Debt Service Coverage Ratio, minimum	125.00%	125.00%
Debt Service Coverage Ratio, maximum	150.00%	150.00%
Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 497	$ 797
Debt Service Coverage Ratio, minimum	100.00%	100.00%
Debt Service Coverage Ratio, maximum	125.00%	125.00%
Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 256	$ 84
Debt Service Coverage Ratio, maximum	100.00%	100.00%
0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 687	$ 620
Percent of Total	10.00%	8.50%
Loan to Value Ratio, minimum	0.00%	0.00%
Loan to Value Ratio, maximum	50.00%	50.00%
0% - 50% | Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 650	$ 553
0% - 50% | Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	24	39
0% - 50% | Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	11	26
0% - 50% | Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	2	2
Greater than 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 1,723	$ 1,753
Percent of Total	25.00%	24.10%
Loan to Value Ratio, minimum	50.00%	50.00%
Loan to Value Ratio, maximum	60.00%	60.00%
Greater than 50% - 60% | Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 1,597	$ 1,653
Greater than 50% - 60% | Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	53	57
Greater than 50% - 60% | Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	36	37
Greater than 50% - 60% | Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	37	6
Greater than 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 3,710	$ 4,285
Percent of Total	53.90%	58.80%
Loan to Value Ratio, minimum	60.00%	60.00%
Loan to Value Ratio, maximum	70.00%	70.00%
Greater than 60% - 70% | Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 2,669	$ 3,106
Greater than 60% - 70% | Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	581	463
Greater than 60% - 70% | Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	329	631
Greater than 60% - 70% | Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	131	53
Greater than 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 703	$ 568
Percent of Total	10.20%	7.80%
Loan to Value Ratio, minimum	70.00%	70.00%
Loan to Value Ratio, maximum	80.00%	80.00%
Greater than 70% - 80% | Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 384	$ 324
Greater than 70% - 80% | Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	119	124
Greater than 70% - 80% | Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	121	93
Greater than 70% - 80% | Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	79	23
Greater than 80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 56	$ 57
Percent of Total	0.90%	0.80%
Loan to Value Ratio, minimum	80.00%	80.00%
Greater than 80% and above | Greater than 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 33	$ 18
Greater than 80% and above | Greater than 1.25x - 1.5x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	16	6
Greater than 80% and above | Greater than 1.0x - 1.25x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	10
Greater than 80% and above | Less than 1.0x
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	7	0
Commercial mortgage loans secured by land or construction loans
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	59
Commercial mortgage loans secured by land or construction loans | 0% - 50%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	0
Commercial mortgage loans secured by land or construction loans | Greater than 50% - 60%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	0
Commercial mortgage loans secured by land or construction loans | Greater than 60% - 70%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	32
Commercial mortgage loans secured by land or construction loans | Greater than 70% - 80%
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	0	4
Commercial mortgage loans secured by land or construction loans | Greater than 80% and above
Schedule of Loans by Loan to Value Ratio [Line Items]
Recorded investment	$ 0	$ 23

Investments (excluding Conso_16

Investments (excluding Consolidated Investment Entities) - Loans by U.S. Region (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Open Option Contracts Written [Line Items]
Recorded investment	$ 6,879	$ 7,283
Percentage of Total	100.00%	100.00%
Pacific
Open Option Contracts Written [Line Items]
Recorded investment	$ 1,627	$ 1,699
Percentage of Total	23.60%	23.30%
South Atlantic
Open Option Contracts Written [Line Items]
Recorded investment	$ 1,462	$ 1,519
Percentage of Total	21.30%	20.90%
Middle Atlantic
Open Option Contracts Written [Line Items]
Recorded investment	$ 1,326	$ 1,351
Percentage of Total	19.30%	18.60%
West South Central
Open Option Contracts Written [Line Items]
Recorded investment	$ 719	$ 817
Percentage of Total	10.50%	11.20%
Mountain
Open Option Contracts Written [Line Items]
Recorded investment	$ 670	$ 706
Percentage of Total	9.70%	9.70%
East North Central
Open Option Contracts Written [Line Items]
Recorded investment	$ 571	$ 666
Percentage of Total	8.30%	9.10%
New England
Open Option Contracts Written [Line Items]
Recorded investment	$ 117	$ 109
Percentage of Total	1.70%	1.50%
West North Central
Open Option Contracts Written [Line Items]
Recorded investment	$ 283	$ 338
Percentage of Total	4.10%	4.60%
East South Central
Open Option Contracts Written [Line Items]
Recorded investment	$ 104	$ 78
Percentage of Total	1.50%	1.10%

Investments (excluding Conso_17

Investments (excluding Consolidated Investment Entities) - Loans by Property Type (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Investment Holdings [Line Items]
Recorded investment	$ 6,879	$ 7,283
Percentage of Total	100.00%	100.00%
Retail
Investment Holdings [Line Items]
Recorded investment	$ 1,873	$ 2,067
Percentage of Total	27.30%	28.30%
Industrial
Investment Holdings [Line Items]
Recorded investment	$ 1,636	$ 1,803
Percentage of Total	23.80%	24.80%
Apartments
Investment Holdings [Line Items]
Recorded investment	$ 1,797	$ 1,696
Percentage of Total	26.10%	23.30%
Office
Investment Holdings [Line Items]
Recorded investment	$ 999	$ 1,144
Percentage of Total	14.50%	15.70%
Hotel/Motel
Investment Holdings [Line Items]
Recorded investment	$ 188	$ 162
Percentage of Total	2.70%	2.20%
Other
Investment Holdings [Line Items]
Recorded investment	$ 324	$ 347
Percentage of Total	4.70%	4.80%
Mixed Use
Investment Holdings [Line Items]
Recorded investment	$ 62	$ 64
Percentage of Total	0.90%	0.90%

Investments (excluding Conso_18

Investments (excluding Consolidated Investment Entities) - Net Investment Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 2,862	$ 2,735	$ 2,681
Less: Investment expenses	70	66	40
Net investment income	2,792	2,669	2,641
Fixed maturities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	2,241	2,181	2,138
Investments in fixed maturities that did not produce net investment income	1	5
Equity securities
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	11	12	8
Mortgage loans on real estate
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	334	335	333
Policy loans
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	42	47	48
Short-term investments and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	12	14	10
Other
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Gross investment income	$ 222	$ 146	$ 144

Investments (excluding Conso_19

Investments (excluding Consolidated Investment Entities) - Net Realized Capital Gains (Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	$ (166)	$ (355)	$ (209)
Change in fair value of equity securities still held	(16)	(8)
Proceeds from sale of investments
Proceeds on sales	4,105	4,162	4,164
Gross gains	63	29	67
Gross losses	54	82	50
Fixed maturities, available-for-sale, including securities pledged
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	(21)	(88)	(13)
Fixed maturities, at fair value using the fair value option
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	40	(357)	(238)
Equity securities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	(16)	(9)	(1)
Derivatives
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	(164)	(16)	(2)
Other investments
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	(2)	29	(10)
Fixed maturities
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	3	(6)	(10)
Guaranteed benefit derivatives
Available-for-sale Securities, Including Securities Pledged [Line Items]
Total net realized capital gains (losses)	$ (6)	$ 92	$ 65

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional and Fair Values (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Asset Fair Value	$ 335	$ 210
Liability Fair Value	563	203
Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	23,634	23,518
Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	863	752
Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	293	189
Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	237	280
Designated as Hedging Instrument | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	30	42
Designated as Hedging Instrument | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	771	731
Designated as Hedging Instrument | Derivatives | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	0	0
Designated as Hedging Instrument | Derivatives | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	12	13
Liability Fair Value	21	22
Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	25,027	26,011
Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	92	21
Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	400	329
Not Designated as Hedging Instrument | Within fixed maturity investments
Derivatives, Fair Value [Line Items]
Asset Fair Value	19	16
Liability Fair Value	0	0
Not Designated as Hedging Instrument | Within products
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	60	44
Not Designated as Hedging Instrument | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	100	(5)
Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	237	280
Not Designated as Hedging Instrument | Derivatives | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	294	179
Liability Fair Value	371	137
Not Designated as Hedging Instrument | Derivatives | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	1	0
Not Designated as Hedging Instrument | Derivatives | Equity contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	10	2
Liability Fair Value	8	2
Not Designated as Hedging Instrument | Derivatives | Credit contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	2	3
Held for sale
Derivatives, Fair Value [Line Items]
Asset Fair Value	312	140
Liability Fair Value	369	161
Held for sale | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	2,228	2,134
Held for sale | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	37	22
Held for sale | Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	1,753	1,427
Held for sale | Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	1
Held for sale | Designated as Hedging Instrument | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	1	1
Held for sale | Designated as Hedging Instrument | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	19	13
Held for sale | Designated as Hedging Instrument | Derivatives | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	0	0
Held for sale | Designated as Hedging Instrument | Derivatives | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	1	1
Liability Fair Value	1	0
Held for sale | Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Notional Amount	2,227	2,151
Held for sale | Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	18	9
Held for sale | Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Notional Amount	1,753	1,427
Held for sale | Not Designated as Hedging Instrument | Within fixed maturity investments
Derivatives, Fair Value [Line Items]
Asset Fair Value	8	9
Liability Fair Value	0	0
Held for sale | Not Designated as Hedging Instrument | Within products
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	217	82
Held for sale | Not Designated as Hedging Instrument | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	75	26
Held for sale | Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0	1
Held for sale | Not Designated as Hedging Instrument | Derivatives | Interest rate contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	49	39
Liability Fair Value	56	51
Held for sale | Not Designated as Hedging Instrument | Derivatives | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	0	0
Held for sale | Not Designated as Hedging Instrument | Derivatives | Equity contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	254	91
Liability Fair Value	20	2
Held for sale | Not Designated as Hedging Instrument | Derivatives | Credit contracts
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0
Liability Fair Value	$ 0	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Offsetting Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Offsetting Assets and Liabilities [Line Items]
Derivatives, Asset Fair Value	$ 316	$ 195
Derivatives, Liability Fair Value	402	163
Counterparty netting, Assets	(290)	(141)
Counterparty netting, Liabilities	(290)	(141)
Cash collateral netting, Assets	(25)	(49)
Cash collateral netting, Liabilities	(100)	(8)
Securities collateral netting, Assets	0	0
Securities collateral netting, Liabilities	(5)	(13)
Net receivables/payables, Assets	1	5
Net receivables/payables, Liabilities	7	1
Equity contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	293	189
Derivatives, Asset Fair Value	9	3
Derivatives, Liability Fair Value	7	1
Foreign exchange contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	863	752
Derivatives, Asset Fair Value	12	13
Derivatives, Liability Fair Value	22	22
Interest rate contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	23,634	23,518
Derivatives, Asset Fair Value	295	179
Derivatives, Liability Fair Value	371	137
Credit contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	237	280
Derivatives, Asset Fair Value	0	0
Derivatives, Liability Fair Value	2	3
Not Designated as Hedging Instrument | Equity contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	400	329
Not Designated as Hedging Instrument | Foreign exchange contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	92	21
Not Designated as Hedging Instrument | Interest rate contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	25,027	26,011
Not Designated as Hedging Instrument | Credit contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	237	280
Held for sale
Offsetting Assets and Liabilities [Line Items]
Derivatives, Asset Fair Value	304	131
Derivatives, Liability Fair Value	77	53
Counterparty netting, Assets	(76)	(50)
Counterparty netting, Liabilities	(76)	(50)
Cash collateral netting, Assets	(206)	(62)
Cash collateral netting, Liabilities	0	0
Securities collateral netting, Assets	(17)	(11)
Securities collateral netting, Liabilities	0	(3)
Net receivables/payables, Assets	5	8
Net receivables/payables, Liabilities	1	0
Held for sale | Equity contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	1,753	1,427
Derivatives, Asset Fair Value	254	91
Derivatives, Liability Fair Value	20	2
Held for sale | Foreign exchange contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	37	22
Derivatives, Asset Fair Value	1	1
Derivatives, Liability Fair Value	1	0
Held for sale | Interest rate contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	2,228	2,134
Derivatives, Asset Fair Value	49	39
Derivatives, Liability Fair Value	56	51
Held for sale | Credit contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	0	1
Derivatives, Asset Fair Value	0	0
Derivatives, Liability Fair Value	0	0
Held for sale | Not Designated as Hedging Instrument | Equity contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	1,753	1,427
Held for sale | Not Designated as Hedging Instrument | Foreign exchange contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	18	9
Held for sale | Not Designated as Hedging Instrument | Interest rate contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	2,227	2,151
Held for sale | Not Designated as Hedging Instrument | Credit contracts
Offsetting Assets and Liabilities [Line Items]
Notional Amount	$ 0	$ 1

Derivative Financial Instrume_5

Derivative Financial Instruments - Net Realized Gains (Losses) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Other net realized capital gains (losses)	$ (102)	$ (327)	$ (189)
Net investment income	2,792	2,669	2,641
Gain (loss) reclassified from accumulated other comprehensive income into income	(278)	141	(21)
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized on Other Comprehensive Income / Reclassified from Accumulated Other Comprehensive Income	1
Other Comprehensive Income (Loss) | Designated as Hedging Instrument | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized on Other Comprehensive Income / Reclassified from Accumulated Other Comprehensive Income	0
Other Net Realized Capital Gains (Losses) | Within fixed maturity investments
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	3	(6)	(10)
Other Net Realized Capital Gains (Losses) | Within products
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(6)	92	65
Other Net Realized Capital Gains (Losses) | Designated as Hedging Instrument | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	0
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(136)	(38)	1
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	2	4	(7)
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(32)	10	(31)
Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	2	(2)	13
Policyholder Benefits | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(111)	81	(52)
Investment Income | Designated as Hedging Instrument | Cash Flow Hedging | Interest rate contracts
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized on Other Comprehensive Income / Reclassified from Accumulated Other Comprehensive Income	0
Investment Income | Designated as Hedging Instrument | Cash Flow Hedging | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Amount of Gain or (Loss) Recognized on Other Comprehensive Income / Reclassified from Accumulated Other Comprehensive Income	11
Gain (loss) reclassified from accumulated other comprehensive income into income	11
Held for sale
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(44)	26	(3)
Held for sale | Other Net Realized Capital Gains (Losses) | Within fixed maturity investments
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(1)	(6)	(8)
Held for sale | Other Net Realized Capital Gains (Losses) | Within products
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	(134)	69	(87)
Held for sale | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Interest rate contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	0	4	1
Held for sale | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	0	0	(1)
Held for sale | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Equity contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	139	(75)	93
Held for sale | Other Net Realized Capital Gains (Losses) | Not Designated as Hedging Instrument | Credit contracts
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	1	(1)	4
Held for sale | Policyholder Benefits | Within reinsurance agreements
Derivatives, Fair Value [Line Items]
Gain (loss) reclassified from accumulated other comprehensive income into income	$ (49)	$ 35	$ (5)

Derivative Financial Instrume_6

Derivative Financial Instruments - Collateral and Credit Default Swaps (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Collateralized financings	$ 540	$ 474
Derivative Asset, Fair Value, Gross Asset	210	335
Liability Fair Value	203	563
Securities pledged
Derivatives, Fair Value [Line Items]
Collateralized financings	0	0
Fair value of securities delivered as collateral	180	183
Credit contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Maximum potential future net exposure on sale of credit default swaps	0
Purchased protection on credit default swaps	$ 0
Derivative, term of contract	5 years
Credit contracts | Not Designated as Hedging Instrument | Derivatives
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 0	0
Liability Fair Value	3	2
Over the Counter | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Collateralized financings	27	9
Cleared Derivative Contract | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Collateralized financings	16	82
Held for sale
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	140	312
Liability Fair Value	161	369
Held for sale | Securities pledged
Derivatives, Fair Value [Line Items]
Collateralized financings	11	18
Fair value of securities delivered as collateral	6	2
Held for sale | Credit contracts | Not Designated as Hedging Instrument | Derivatives
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Liability Fair Value	0	0
Held for sale | Over the Counter | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Collateralized financings	64	213
Held for sale | Cleared Derivative Contract | Payables under securities loan agreement, including collateral held
Derivatives, Fair Value [Line Items]
Collateralized financings	$ 0	$ 0

Fair Value Measurements (excl_2

Fair Value Measurements (excluding Consolidated Investment Entities) - Fair Value Measurement (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	$ 39,663	$ 36,897
Derivatives	316	194
Assets held in separate accounts	81,670	69,931
Total assets	169,051	155,430
Derivatives	403	164
Total liabilities	158,821	146,425
Fixed maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	43,778	40,592
U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,382	1,423
U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	95	74
State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,323	1,250
U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	14,938	14,876
U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	6,035	5,491
Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,341	4,135
Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,831	4,640
Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	5,204	4,282
Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	3,574	2,763
Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	2,055	1,658
Assets measured on recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	43,778	40,592
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	2,644	2,656
Assets held in separate accounts	81,670	69,931
Total assets	$ 128,604	$ 113,620
Percentage of Level to total	100.00%	100.00%
Total liabilities	$ 563	$ 203
Assets measured on recurring basis | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	60	44
Assets measured on recurring basis | Credit contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	2	3
Assets measured on recurring basis | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	294	179
Derivatives	371	137
Assets measured on recurring basis | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	12	13
Derivatives	22	22
Assets measured on recurring basis | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	10	2
Derivatives	8	2
Assets measured on recurring basis | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	100	(5)
Assets measured on recurring basis | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,382	1,423
Assets measured on recurring basis | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	95	74
Assets measured on recurring basis | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,323	1,250
Assets measured on recurring basis | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	14,938	14,876
Assets measured on recurring basis | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	6,035	5,491
Assets measured on recurring basis | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,341	4,135
Assets measured on recurring basis | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,831	4,640
Assets measured on recurring basis | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	5,204	4,282
Assets measured on recurring basis | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	3,574	2,763
Assets measured on recurring basis | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	2,055	1,658
Assets measured on recurring basis | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	196	247
Assets measured on recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,083	1,236
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	2,613	2,628
Assets held in separate accounts	75,405	64,064
Total assets	$ 79,171	$ 68,072
Percentage of Level to total	61.00%	60.00%
Total liabilities	$ 0	$ 2
Assets measured on recurring basis | Level 1 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	0	0
Assets measured on recurring basis | Level 1 | Credit contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured on recurring basis | Level 1 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	2	0
Derivatives	0	1
Assets measured on recurring basis | Level 1 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Assets measured on recurring basis | Level 1 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	1
Assets measured on recurring basis | Level 1 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured on recurring basis | Level 1 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,083	1,236
Assets measured on recurring basis | Level 1 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	68	144
Assets measured on recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	40,735	37,802
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	31	28
Assets held in separate accounts	6,149	5,805
Total assets	$ 47,180	$ 43,790
Percentage of Level to total	37.00%	38.00%
Total liabilities	$ 454	$ 118
Assets measured on recurring basis | Level 2 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	0	0
Assets measured on recurring basis | Level 2 | Credit contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	2	3
Assets measured on recurring basis | Level 2 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	243	140
Derivatives	322	97
Assets measured on recurring basis | Level 2 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	12	13
Derivatives	22	22
Assets measured on recurring basis | Level 2 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	10	2
Derivatives	8	1
Assets measured on recurring basis | Level 2 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	100	(5)
Assets measured on recurring basis | Level 2 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	299	187
Assets measured on recurring basis | Level 2 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	95	74
Assets measured on recurring basis | Level 2 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,323	1,250
Assets measured on recurring basis | Level 2 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	14,864	14,842
Assets measured on recurring basis | Level 2 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,578	4,357
Assets measured on recurring basis | Level 2 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,341	4,135
Assets measured on recurring basis | Level 2 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	4,503	4,423
Assets measured on recurring basis | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	5,181	4,254
Assets measured on recurring basis | Level 2 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	3,574	2,749
Assets measured on recurring basis | Level 2 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,977	1,531
Assets measured on recurring basis | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0	0
Assets measured on recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,960	1,554
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	0	0
Assets held in separate accounts	116	62
Total assets	$ 2,253	$ 1,758
Percentage of Level to total	2.00%	2.00%
Total liabilities	$ 109	$ 83
Assets measured on recurring basis | Level 3 | Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	60	44
Assets measured on recurring basis | Level 3 | Credit contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	49	39
Derivatives	49	39
Assets measured on recurring basis | Level 3 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Assets measured on recurring basis | Level 3 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Assets measured on recurring basis | Level 3 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	74	34
Assets measured on recurring basis | Level 3 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,457	1,134
Assets measured on recurring basis | Level 3 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Assets measured on recurring basis | Level 3 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	328	217
Assets measured on recurring basis | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	23	28
Assets measured on recurring basis | Level 3 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	14
Assets measured on recurring basis | Level 3 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	78	127
Assets measured on recurring basis | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	128	103
Held for sale | Assets measured on recurring basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	593	10,529
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	533	734
Assets held in separate accounts	1,485	1,297
Total assets	$ 14,827	$ 12,716
Percentage of Level to total	100.00%	100.00%
Total liabilities	$ 369	$ 161
Held for sale | Assets measured on recurring basis | IUL
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	217	82
Held for sale | Assets measured on recurring basis | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	49	39
Derivatives	56	51
Held for sale | Assets measured on recurring basis | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	1	1
Derivatives	1	0
Held for sale | Assets measured on recurring basis | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	254	91
Derivatives	20	2
Held for sale | Assets measured on recurring basis | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	75	26
Held for sale | Assets measured on recurring basis | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	786	873
Held for sale | Assets measured on recurring basis | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	161	167
Held for sale | Assets measured on recurring basis | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	439	408
Held for sale | Assets measured on recurring basis | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	5,981	4,972
Held for sale | Assets measured on recurring basis | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	912	741
Held for sale | Assets measured on recurring basis | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,497	1,321
Held for sale | Assets measured on recurring basis | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	518	455
Held for sale | Assets measured on recurring basis | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged		521
Held for sale | Assets measured on recurring basis | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	588	653
Held for sale | Assets measured on recurring basis | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	995	418
Held for sale | Assets measured on recurring basis | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	12,470
Equity securities	35	25
Held for sale | Assets measured on recurring basis | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	472	518
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	533	734
Assets held in separate accounts	1,485	1,297
Total assets	$ 2,492	$ 2,549
Percentage of Level to total	17.00%	20.00%
Total liabilities	$ 0	$ 0
Held for sale | Assets measured on recurring basis | Level 1 | IUL
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 1 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	472	518
Held for sale | Assets measured on recurring basis | Level 1 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 1 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	2	0
Held for sale | Assets measured on recurring basis | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	11,557	9,686
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	0	0
Assets held in separate accounts	0	0
Total assets	$ 11,610	$ 9,695
Percentage of Level to total	78.00%	76.00%
Total liabilities	$ 103	$ 40
Held for sale | Assets measured on recurring basis | Level 2 | IUL
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	0	0
Held for sale | Assets measured on recurring basis | Level 2 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	7	12
Held for sale | Assets measured on recurring basis | Level 2 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	1	1
Derivatives	1	0
Held for sale | Assets measured on recurring basis | Level 2 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	52	8
Derivatives	20	2
Held for sale | Assets measured on recurring basis | Level 2 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	75	26
Held for sale | Assets measured on recurring basis | Level 2 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	314	355
Held for sale | Assets measured on recurring basis | Level 2 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	161	167
Held for sale | Assets measured on recurring basis | Level 2 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	439	408
Held for sale | Assets measured on recurring basis | Level 2 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	5,949	4,962
Held for sale | Assets measured on recurring basis | Level 2 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	596	482
Held for sale | Assets measured on recurring basis | Level 2 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	1,490	1,310
Held for sale | Assets measured on recurring basis | Level 2 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	438	421
Held for sale | Assets measured on recurring basis | Level 2 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	588	521
Held for sale | Assets measured on recurring basis | Level 2 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	995	653
Held for sale | Assets measured on recurring basis | Level 2 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	587	407
Held for sale | Assets measured on recurring basis | Level 2 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	0	0
Held for sale | Assets measured on recurring basis | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	441	325
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	0	0
Assets held in separate accounts	0	0
Total assets	$ 725	$ 472
Percentage of Level to total	5.00%	4.00%
Total liabilities	$ 266	$ 121
Held for sale | Assets measured on recurring basis | Level 3 | IUL
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guaranteed benefit derivatives:	217	82
Held for sale | Assets measured on recurring basis | Level 3 | Interest rate contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	49	39
Derivatives	49	39
Held for sale | Assets measured on recurring basis | Level 3 | Foreign exchange contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 3 | Equity contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	202	83
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 3 | Embedded derivative on reinsurance
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives	0	0
Held for sale | Assets measured on recurring basis | Level 3 | U.S. Treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 3 | U.S. Government agencies and authorities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 3 | State, municipalities, and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 3 | U.S. corporate public securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	32	10
Held for sale | Assets measured on recurring basis | Level 3 | U.S. corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	316	259
Held for sale | Assets measured on recurring basis | Level 3 | Foreign corporate public securities and foreign governments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	7	11
Held for sale | Assets measured on recurring basis | Level 3 | Foreign corporate private securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	80	34
Held for sale | Assets measured on recurring basis | Level 3 | Residential mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 3 | Commercial mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	0	0
Held for sale | Assets measured on recurring basis | Level 3 | Other asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturities, including securities pledged	6	11
Held for sale | Assets measured on recurring basis | Level 3 | Equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity securities	$ 33	$ 25

Fair Value Measurements (excl_3

Fair Value Measurements (excluding Consolidated Investment Entities) - Level 3 Financial Instruments (Details) - Assets measured on recurring basis - Level 3 - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Assets held in separate accounts
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		$ 62	$ 11
Total Realized/Unrealized Gains (Losses) Included in Net income		4	1
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		78	67
Issuances		0	0
Sales		(1)	(6)
Settlements		0	0
Transfers into Level 3		3	0
Transfers out of Level 3		(30)	(11)
Assets, Fair Value, ending balance	$ 62	116	62
Change In Unrealized Gains (Losses) Included in Earnings		0	0
Other derivatives, net
Derivatives Rollforward:
Fair Value, Derivatives, beginning balance		0	5
Total Realized/Unrealized Gains (Losses) Included in Net income			0
Total Realized/Unrealized Gains (Losses) Included in OCI			0
Purchases			0
Issuances			0
Sales			0
Settlements			(5)
Transfers in to Level 3			0
Transfers out of Level 3			0
Fair Value, Derivatives, ending balance	0		0
Change in Unrealized Gains (Losses) in Earnings			(5)
Other
Derivatives Rollforward:
Fair Value, Derivatives, beginning balance		(44)	(147)
Total Realized/Unrealized Gains (Losses) Included in Net income		(6)	92
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		0	0
Issuances		(9)	(5)
Sales		0	0
Settlements		(1)	16
Transfers in to Level 3		0	0
Transfers out of Level 3		0	0
Fair Value, Derivatives, ending balance	(44)	(60)	(44)
Change in Unrealized Gains (Losses) in Earnings		0	0
U.S. corporate public securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		34	48
Total Realized/Unrealized Gains (Losses) Included in Net income		(1)	0
Total Realized/Unrealized Gains (Losses) Included in OCI		(5)	1
Purchases		5	26
Issuances		0	0
Sales		0	(13)
Settlements		(7)	0
Transfers into Level 3		38	0
Transfers out of Level 3		0	(26)
Assets, Fair Value, ending balance	34	74	34
Change In Unrealized Gains (Losses) Included in Earnings		(1)	0
U.S. corporate private securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		1,134	942
Total Realized/Unrealized Gains (Losses) Included in Net income		0	5
Total Realized/Unrealized Gains (Losses) Included in OCI		(90)	48
Purchases		342	319
Issuances		0	0
Sales		(23)	(20)
Settlements		(86)	(84)
Transfers into Level 3		11	31
Transfers out of Level 3		(11)	(11)
Assets, Fair Value, ending balance	1,134	1,457	1,134
Change In Unrealized Gains (Losses) Included in Earnings		0	0
Foreign corporate private securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		217	162
Total Realized/Unrealized Gains (Losses) Included in Net income		(24)	(6)
Total Realized/Unrealized Gains (Losses) Included in OCI		(46)	(6)
Purchases		169	134
Issuances		0	0
Sales		(80)	(57)
Settlements		0	(22)
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	217	328	217
Change In Unrealized Gains (Losses) Included in Earnings		2	(13)
Residential mortgage-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		28	31
Total Realized/Unrealized Gains (Losses) Included in Net income		(11)	(9)
Total Realized/Unrealized Gains (Losses) Included in OCI		(1)	0
Purchases		13	15
Issuances		0	0
Sales		(6)	0
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		(2)	(9)
Assets, Fair Value, ending balance	28	23	28
Change In Unrealized Gains (Losses) Included in Earnings		(7)	(9)
Commercial mortgage-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		14	7
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		0	14
Issuances		0	0
Sales		0	0
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		(14)	(7)
Assets, Fair Value, ending balance	14	0	14
Change In Unrealized Gains (Losses) Included in Earnings		0	0
Other asset-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		127	64
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		(1)	3
Purchases		8	67
Issuances		0	0
Sales		0	0
Settlements		(3)	(5)
Transfers into Level 3		0	29
Transfers out of Level 3		(55)	(25)
Assets, Fair Value, ending balance	127	78	127
Change In Unrealized Gains (Losses) Included in Earnings		0	0
Fixed maturities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		1,554	1,254
Total Realized/Unrealized Gains (Losses) Included in Net income		(36)	(10)
Total Realized/Unrealized Gains (Losses) Included in OCI		(143)	46
Purchases		537	575
Issuances		0	0
Sales		(109)	(90)
Settlements		(96)	(111)
Transfers into Level 3		49	60
Transfers out of Level 3		(82)	(78)
Assets, Fair Value, ending balance	1,554	1,960	1,554
Change In Unrealized Gains (Losses) Included in Earnings		(6)	(22)
Equity securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		103	87
Total Realized/Unrealized Gains (Losses) Included in Net income		(17)	(7)
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		42	25
Issuances		0	0
Sales		0	(2)
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	103	128	103
Change In Unrealized Gains (Losses) Included in Earnings		(17)	(8)
Held for sale | Other derivatives, net
Derivatives Rollforward:
Fair Value, Derivatives, beginning balance		83	153
Total Realized/Unrealized Gains (Losses) Included in Net income		111	(65)
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		45	42
Issuances		0	0
Sales		0	0
Settlements		(37)	(47)
Transfers in to Level 3		0	0
Transfers out of Level 3		0	0
Fair Value, Derivatives, ending balance	83	202	83
Change in Unrealized Gains (Losses) in Earnings		119	(70)
Held for sale | IUL
Derivatives Rollforward:
Fair Value, Derivatives, beginning balance		(82)	(159)
Total Realized/Unrealized Gains (Losses) Included in Net income		(134)	69
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		0	0
Issuances		(56)	(53)
Sales		0	0
Settlements		55	61
Transfers in to Level 3		0	0
Transfers out of Level 3		0	0
Fair Value, Derivatives, ending balance	(82)	(217)	(82)
Change in Unrealized Gains (Losses) in Earnings		0	0
Held for sale | U.S. corporate public securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		10	9
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		(2)	1
Purchases		0	5
Issuances		0	0
Sales		0	3
Settlements		(1)	0
Transfers into Level 3		22	0
Transfers out of Level 3		(1)	0
Assets, Fair Value, ending balance	10	32	10
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | U.S. corporate private securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		259	185
Total Realized/Unrealized Gains (Losses) Included in Net income		0	2
Total Realized/Unrealized Gains (Losses) Included in OCI		(23)	11
Purchases		50	85
Issuances		0	0
Sales		(2)	0
Settlements		(15)	9
Transfers into Level 3		1	8
Transfers out of Level 3		0	1
Assets, Fair Value, ending balance	259	316	259
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Foreign corporate public securities and foreign governments
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		11	11
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		4	0
Purchases		0	0
Issuances		0	0
Sales		0	0
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	11	7	11
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Foreign corporate private securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		34	7
Total Realized/Unrealized Gains (Losses) Included in Net income		(4)	0
Total Realized/Unrealized Gains (Losses) Included in OCI		(11)	(2)
Purchases		52	39
Issuances		0	0
Sales		(13)	13
Settlements		0	(1)
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	34	80	34
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Residential mortgage-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		0	11
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		0	0
Issuances		0	0
Sales		0	11
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	0	0	0
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Commercial mortgage-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		0	10
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		0	0
Issuances		0	0
Sales		0	0
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	10
Assets, Fair Value, ending balance	0	0	0
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Other asset-backed securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		11	27
Total Realized/Unrealized Gains (Losses) Included in Net income		0	0
Total Realized/Unrealized Gains (Losses) Included in OCI		0	1
Purchases		0	0
Issuances		0	0
Sales		0	0
Settlements		0	0
Transfers into Level 3		0	6
Transfers out of Level 3		(5)	21
Assets, Fair Value, ending balance	11	6	11
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Fixed maturities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		325	260
Total Realized/Unrealized Gains (Losses) Included in Net income		(4)	2
Total Realized/Unrealized Gains (Losses) Included in OCI		(32)	11
Purchases		102	129
Issuances		0	0
Sales		(15)	27
Settlements		(16)	10
Transfers into Level 3		23	14
Transfers out of Level 3		(6)	32
Assets, Fair Value, ending balance	325	441	325
Change In Unrealized Gains (Losses) Included in Earnings	0	0
Held for sale | Equity securities
Fixed Maturities and Equity Securities Rollforward:
Assets, Fair Value, beginning balance		25	14
Total Realized/Unrealized Gains (Losses) Included in Net income		1	(1)
Total Realized/Unrealized Gains (Losses) Included in OCI		0	0
Purchases		7	12
Issuances		0	0
Sales		0	0
Settlements		0	0
Transfers into Level 3		0	0
Transfers out of Level 3		0	0
Assets, Fair Value, ending balance	$ 25	33	25
Change In Unrealized Gains (Losses) Included in Earnings		$ 1	$ (1)

Fair Value Measurements (excl_4

Fair Value Measurements (excluding Consolidated Investment Entities) - Significant Unobservable Inputs (Details) - Held for sale - Market Approach Valuation Technique - Investment contract - IUL	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Minimum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Nonperformance risk	0.22%	0.38%
Lapses	2.00%	2.00%
Maximum
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]
Nonperformance risk	0.42%	0.84%
Lapses	10.00%	10.00%

Fair Value Measurements (excl_5

Fair Value Measurements (excluding Consolidated Investment Entities) - Other Financial Instruments (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	$ 39,663	$ 36,897
Derivatives	316	194
Other investments	385	379
Assets held in separate accounts	81,670	69,931
Derivatives	403	164
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	43,778	40,592
Equity securities	196	247
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	2,644	2,656
Derivatives	316	194
Other investments	320	287
Assets held in separate accounts	81,670	69,931
Short-term debt	1	1
Long-term debt	3,042	3,136
Carrying Value | Other derivatives, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	403	164
Carrying Value | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	100	(5)
Carrying Value | Funding agreements without fixed maturities and deferred annuities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	33,916	34,053
Carrying Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	877	657
Carrying Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	821	870
Carrying Value | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	60	44
Carrying Value | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	6,878	7,281
Carrying Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	776	814
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	43,778	40,592
Equity securities	196	247
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	2,644	2,656
Derivatives	316	194
Other investments	456	369
Assets held in separate accounts	81,670	69,931
Short-term debt	1	1
Long-term debt	3,418	3,112
Fair Value | Other derivatives, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	403	164
Fair Value | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	100	(5)
Fair Value | Funding agreements without fixed maturities and deferred annuities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	41,035	37,052
Fair Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	877	652
Fair Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	872	854
Fair Value | Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	60	44
Fair Value | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	7,262	7,391
Fair Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	776	814
Held for sale | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	12,470	10,529
Equity securities	35	25
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	533	734
Derivatives	305	131
Notes receivable	42	25
Other investments	1,485	1,297
Notes Payable	252	222
Held for sale | Carrying Value | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	75	26
Held for sale | Carrying Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	927	551
Held for sale | Carrying Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	97	106
Held for sale | Carrying Value | IUL
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	217	82
Held for sale | Carrying Value | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,319	1,395
Held for sale | Carrying Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,005	1,019
Held for sale | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fixed maturities, including securities pledged	12,470	10,529
Equity securities	35	25
Cash and cash equivalents, short-term investments and short-term investments under securities loan agreements	533	734
Derivatives	305	131
Notes receivable	42	25
Other investments	1,485	1,297
Notes Payable	320	302
Held for sale | Fair Value | Embedded derivative on reinsurance
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivatives	75	26
Held for sale | Fair Value | Funding agreements with fixed maturities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	923	545
Held for sale | Fair Value | Supplementary contracts, immediate annuities and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	104	106
Held for sale | Fair Value | IUL
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Guaranteed benefit derivatives:	217	82
Held for sale | Fair Value | Mortgage loans on real estate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	1,405	1,420
Held for sale | Fair Value | Policy loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans	$ 1,005	$ 1,019

Deferred Policy Acquisition C_3

Deferred Policy Acquisition Costs and Value of Business Acquired - DAC and VOBA Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]
Beginning balance	$ 2,155	$ 1,935	$ 2,077
Deferrals of commissions and expenses	102	97	126
Amortization:
Amortization, excluding unlocking	(303)	(241)	(235)
Unlocking	12	(62)	(71)
Interest accrued	122	125	129
Net amortization included in Consolidated Statements of Operations	(169)	(178)	(177)
Change in unrealized capital gains/losses on available-for-sale securities	(326)	301	(91)
Ending balance	1,762	2,155	1,935
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Beginning balance	818	556	811
Deferrals of commissions and expenses	8	9	8
Amortization, excluding unlocking	(134)	(103)	(152)
Unlocking	48	(10)	(89)
Interest accrued	56	58	65
Net amortization included in Consolidated Statements of Operations	(30)	(55)	(176)
Change in unrealized capital gains/losses on available-for-sale securities	(332)	308	(87)
Ending balance	464	818	556
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Beginning balance	2,973	2,491	2,888
Deferrals of commissions and expenses	110	106	134
Amortization, excluding unlocking	(437)	(344)	(387)
Unlocking	60	(72)	(160)
Interest accrued	178	183	194
Net amortization included in Consolidated Statements of Operations	(199)	(233)	(353)
Change in unrealized capital gains/losses on available-for-sale securities	(658)	609	(178)
Ending balance	$ 2,226	$ 2,973	$ 2,491
Minimum
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Rates at which interest accrued	3.50%	3.50%	4.00%
Maximum
Movement Analysis of Deferred Policy Acquisition Costs and Value of Business Acquired (VOBA) [Roll Forward]
Rates at which interest accrued	7.40%	7.40%	7.40%
Guaranteed Minimum Interest Rates
Amortization:
Unlocking		$ (25)	$ (80)
Movement Analysis Of Value of Business Acquired VOBA [Roll Forward]
Unlocking		$ (26)	$ (140)

Deferred Policy Acquisition C_4

Deferred Policy Acquisition Costs and Value of Business Acquired - VOBA Amortization Expense (Details) $ in Millions	Dec. 31, 2019USD ($)
Insurance [Abstract]
2020	$ 50
2021	48
2022	45
2023	44
2024	$ 43

Reserves for Future Policy Be_3

Reserves for Future Policy Benefits and Contract Owner Account Balances - Future Policy Benefits (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future policy benefits	$ 9,945	$ 9,587
Individual and group life insurance contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future policy benefits	2,982	3,341
Product guarantees on universal life and deferred annuity contracts, and payout contracts with life contingencies
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future policy benefits	6,141	5,435
Accident and health
Liability for Future Policy Benefit, by Product Segment [Line Items]
Future policy benefits	$ 822	$ 811

Reserves for Future Policy Be_4

Reserves for Future Policy Benefits and Contract Owner Account Balances - Contract Owner Account Balances (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contract owner account balances	$ 40,923	$ 41,183
Universal life-type contracts
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contract owner account balances	5,300	5,563
Fixed annuities and payout contracts without life contingencies
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contract owner account balances	34,746	34,962
Funding agreements and other
Liability for Future Policy Benefit, by Product Segment [Line Items]
Contract owner account balances	$ 877	$ 658

Guaranteed Benefit Features - G

Guaranteed Benefit Features - Guaranteed Death and Benefit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017
Stabilizer and MCGs
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Guaranteed credited rates	3.00%
Variable Life and Universal Life
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Reinsurance on additional liability balance	$ 1,005	$ 899	$ 906	$ 671
Variable Life and Universal Life | Held for sale
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Reinsurance on additional liability balance	$ 569	$ 552	$ 603	$ 521

Guaranteed Benefit Features - S

Guaranteed Benefit Features - Separate Account Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	$ 81,670	$ 69,931
Variable Life and Universal Life
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	295	261
Additional liability balance:
Beginning balance	348	312	$ 467
Incurred guaranteed benefits	209	193	(34)
Paid guaranteed benefits	(163)	(157)	(121)
Adjustment for the close of The 2018 Transaction		0
Ending balance	394	348	312
Reinsurance on additional liability balance	1,005	899	906	$ 671
Stabilizer and MCGs
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	39,235	37,155
Additional liability balance:
Beginning balance	5	97	150
Incurred guaranteed benefits	17	(92)	(53)
Paid guaranteed benefits	0	0	0
Adjustment for the close of The 2018 Transaction		0
Ending balance	22	5	97
Stabilizer and MCGs | Separate Account Liability
Additional liability balance:
Externally managed assets included in Separate account liability not reported on balance sheet	31,900	29,000
Other Retained Business
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	1,486	1,854
Additional liability balance:
Beginning balance	44	44	73
Incurred guaranteed benefits	(9)	2	(28)
Paid guaranteed benefits	0	2	1
Adjustment for the close of The 2018 Transaction		0
Ending balance	35	44	44
Held for sale | Variable Life and Universal Life
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	203	174
Additional liability balance:
Beginning balance	991	869	848
Incurred guaranteed benefits	177	259	135
Paid guaranteed benefits	155	137	114
Adjustment for the close of The 2018 Transaction		0
Ending balance	1,013	991	869
Reinsurance on additional liability balance	569	552	603	$ 521
Held for sale | Other Retained Business
Liabilities for Guarantees on Long-Duration Contracts [Line Items]
Separate account liability	10	8
Additional liability balance:
Beginning balance	0	2,177	3,365
Incurred guaranteed benefits	0	0	(998)
Paid guaranteed benefits	0	0	190
Adjustment for the close of The 2018 Transaction		2,177
Ending balance	$ 0	$ 0	$ 2,177

Guaranteed Benefit Features - N

Guaranteed Benefit Features - Net Amount at Risk of Minimum Guaranteed Benefits (Details) - Variable Life and Universal Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Secondary Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	$ 1,397	$ 1,432
Net amount at risk, net of reinsurance	$ 3,978	$ 4,144
Weighted average attained age	72 years	72 years
Paid-up Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	$ 0	$ 0
Net amount at risk, net of reinsurance	0	0
Held for sale | Secondary Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	1,697	1,701
Net amount at risk, net of reinsurance	$ 11,018	$ 11,317
Weighted average attained age	63 years	63 years
Held for sale | Paid-up Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	$ 0	$ 0
Net amount at risk, net of reinsurance	$ 0	$ 0

Guaranteed Benefit Features - U

Guaranteed Benefit Features - Universal and Variable Life Contracts (Details) - Variable Life and Universal Life - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Secondary Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	$ 1,397	$ 1,432
Net amount at risk, net of reinsurance	$ 3,978	$ 4,144
Weighted average attained age	72 years	72 years
Paid-up Guarantees
Net Amount at Risk by Product and Guarantee [Line Items]
Account value (general and separate account)	$ 0	$ 0
Net amount at risk, net of reinsurance	$ 0	$ 0

Guaranteed Benefit Features -_2

Guaranteed Benefit Features - Separate Accounts by Investment Type (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Equity funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	$ 1,904	$ 1,723
Bond funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	184	185
Balanced funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	329	302
Money market funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	46	49
Other
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	10	9
Equity securities
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	2,473	2,268
Fixed income securities
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	7,400	8,000
Held for sale | Equity funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	150	127
Held for sale | Bond funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	18	16
Held for sale | Balanced funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	37	31
Held for sale | Money market funds
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	5	4
Held for sale | Other
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	3	3
Held for sale | Equity securities
Fair Value, Separate Account Investment [Line Items]
Equity securities (including mutual funds)	$ 213	$ 181

Reinsurance - Assets and Liabil

Reinsurance - Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Effects of Reinsurance [Line Items]
Premiums receivable	$ 50	$ 47
Reinsurance recoverable	3,682	3,796
Total	3,732	3,843
Future policy benefits and contract owner account balances	47,186	46,974
Liability for funds withheld under reinsurance agreements	88	(5)
Total	47,274	46,969
Direct
Effects of Reinsurance [Line Items]
Premiums receivable	125	121
Reinsurance recoverable	0	0
Total	125	121
Future policy benefits and contract owner account balances	49,757	49,568
Liability for funds withheld under reinsurance agreements	88	(5)
Total	49,845	49,563
Assumed
Effects of Reinsurance [Line Items]
Premiums receivable	12	11
Reinsurance recoverable	0	0
Total	12	11
Future policy benefits and contract owner account balances	1,111	1,202
Liability for funds withheld under reinsurance agreements	0	0
Total	1,111	1,202
Ceded
Effects of Reinsurance [Line Items]
Premiums receivable	(87)	(85)
Reinsurance recoverable	3,682	3,796
Total	3,595	3,711
Future policy benefits and contract owner account balances	(3,682)	(3,796)
Liability for funds withheld under reinsurance agreements	0	0
Total	$ (3,682)	$ (3,796)

Reinsurance - Effect of Reinsur

Reinsurance - Effect of Reinsurance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Premiums:
Direct premiums	$ 2,759	$ 2,602	$ 2,597
Reinsurance assumed	827	956	1,152
Reinsurance ceded	(1,313)	(1,426)	(1,652)
Net premiums	2,273	2,132	2,097
Fee income:
Gross fee income	1,970	1,983	1,890
Reinsurance ceded	(1)	(1)	(1)
Net fee income	1,969	1,982	1,889
Policyholder Benefits and Claims Incurred, Assumed and Ceded [Abstract]
Direct interest credited and other benefits to contract owners / policyholders	4,186	3,912	4,090
Reinsurance assumed	9	554	23
Reinsurance ceded	(445)	(940)	(455)
Net interest credited and other benefits to contract owners / policyholders	3,750	3,526	3,658
UL contracts
Policyholder Benefits and Claims Incurred, Assumed and Ceded [Abstract]
Reinsurance ceded	$ (232)	$ (216)	$ (219)

Reinsurance - Narrative (Detail

Reinsurance - Narrative (Details) - USD ($) $ in Millions	Oct. 01, 1998	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance recoverable		$ 3,682	$ 3,796
Lincoln National Corporation, Subsidiary
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reinsurance recoverable		1,300	1,400
Disposal of life insurance business	$ 1,000
Athene annuity and life | Fixed Annuity
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Ceded Reserves		451
Certain individual life and deferred annuity policies from VIAC | Individual Life
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Reserves assumed		$ 782	$ 837

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill	$ 48	$ 48
Management contract rights
Goodwill [Line Items]
Weighted Average Amortization Lives	20 years	20 years
Customer relationship lists
Goodwill [Line Items]
Weighted Average Amortization Lives	20 years	20 years
Computer software
Goodwill [Line Items]
Weighted Average Amortization Lives	3 years	3 years

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 48	$ 48
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	1,080	1,074
Accumulated Amortization	993	953
Net Carrying Amount	$ 87	$ 121
Management contract rights
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Lives	20 years	20 years
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 550	$ 550
Accumulated Amortization	532	504
Net Carrying Amount	$ 18	$ 46
Customer relationship lists
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Lives	20 years	20 years
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 120	$ 120
Accumulated Amortization	91	83
Net Carrying Amount	$ 29	$ 37
Computer software
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Lives	3 years	3 years
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	$ 410	$ 404
Accumulated Amortization	370	366
Net Carrying Amount	$ 40	$ 38

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Amortization Expense of Other Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense related to intangible assets	$ 60	$ 61	$ 62
Estimated Future Amortization Expense Related to Intangible Assets, Fiscal Year Maturity [Abstract]
2020	46
2021	21
2022	9
2023	4
2024	$ 3

Share-based Incentive Compens_3

Share-based Incentive Compensation Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period of stock options	10 years
Weighted average volatility rate used	70.00%
Expected volatility of stock price	30.00%
Aggregate intrinsic value	$ 12	$ 5	$ 0
Vested	$ 124	$ 99	$ 102
Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards vested during period (in shares)	1,300,000
Number of awards not vested (in shares)	1,900,000	2,400,000
Granted	$ 50.15	$ 50.55	$ 42.30
Restricted Share Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		1 year	1 year
Restricted Share Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		3 years	3 years
Restricted Share Units (RSUs) | Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of award granted (in shares)	18,571	22,637	27,261
PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of awards vested during period (in shares)	1,200,000
Number of awards not vested (in shares)	2,200,000	2,500,000
Granted	$ 51.64	$ 53.21	$ 42.32
PSU awards | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	1 year
Share-based payment award, vesting percentage	0.00%	0.00%	0.00%
PSU awards | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Share-based payment award, vesting percentage	150.00%	150.00%	150.00%
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option holding period	1 year
Expiration period of stock options	10 years
Strike price (usd per share)	$ 50.03			$ 37.60
Aggregate intrinsic value	$ 53.5	$ 6.6
2013 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved and available for issuance (in shares)	7,650,000
Shares available for issuance (in shares)	347,663
2014 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved and available for issuance (in shares)	17,800,000
Shares available for issuance (in shares)	3,519,189
2019 Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved and available for issuance (in shares)	11,700,000
Shares available for issuance (in shares)	11,802,649
2013 Non-Employee Director Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved and available for issuance (in shares)	288,000

Share-based Incentive Compens_4

Share-based Incentive Compensation Plans - Fair Value Assumptions (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested	$ 124	$ 99	$ 102
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	26.50%			28.60%
Expected term (in years)	5 years 11 months 26 days			6 months
Strike price (usd per share)	$ 50.03			$ 37.60
Risk-free interest rate	2.70%			2.10%
Expected dividend yield	1.00%			0.11%
Weighted average estimated fair value (usd per share)	$ 13.78			$ 11.89
Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	28.29%	28.58%	26.67%
Average expected volatility of peer companies	25.15%	26.76%	27.43%
Expected term (in years)	2 years 10 months 9 days	2 years 10 months 9 days	2 years 10 months 9 days
Risk-free interest rate	2.48%	2.40%	1.45%
Expected dividend yield	0.00%	0.00%	0.00%
Average correlation coefficient of peer companies	63.00%	67.00%	68.00%

Share-based Incentive Compens_5

Share-based Incentive Compensation Plans - Compensation Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 97	$ 97	$ 118
Income tax benefit	29	18	39
Share-based compensation expense	68	79	79
Restricted Share Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	45	49	57
Unrecognized compensation cost	$ 22
Expected remaining weighted-average period of expense recognition (in years)	1 year 8 months 12 days
PSU awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 44	43	44
Unrecognized compensation cost	$ 32
Expected remaining weighted-average period of expense recognition (in years)	1 year 7 months 6 days
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 8	5	16
Unrecognized compensation cost	$ 6
Expected remaining weighted-average period of expense recognition (in years)	1 year 4 months 24 days
Other
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost	$ 0	$ 0	$ 1

Share-based Incentive Compens_6

Share-based Incentive Compensation Plans - Awards Outstanding under Stock Option Plans by Award Type (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, aggregate intrinsic value	$ 12	$ 5	$ 0
Restricted Share Units (RSUs)
Number of Awards
Granted	0.9
Vested	(1.3)
Forfeited	(0.1)
Outstanding, ending balance	1.9	2.4
Awards expected to vest	1.9
Weighted Average Grant Date Fair Value (usd per award)
Outstanding, beginning balance	$ 43.36
Granted	50.15	$ 50.55	$ 42.30
Vested	39.93
Forfeited	48.73
Outstanding, ending balance	48.56	$ 43.36
Awards expected to vest	$ 48.56
PSU awards
Number of Awards
Adjusted for PSU performance factor	0.3
Granted	0.7
Vested	(1.2)
Forfeited	(0.1)
Outstanding, ending balance	2.2	2.5
Awards expected to vest	2.2
Weighted Average Grant Date Fair Value (usd per award)
Outstanding, beginning balance	$ 40.21
Adjusted for PSU performance factor	31.35
Granted	51.64	$ 53.21	$ 42.32
Vested	29.25
Forfeited	49.16
Outstanding, ending balance	48.85	$ 40.21
Awards expected to vest	$ 48.85
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance	2.6
Granted	1
Exercised	(0.7)
Forfeited	0
Outstanding, ending balance	2.9	2.6
Vested, exercisable	1.9
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning balance	$ 37.60
Granted	50.03
Exercised	37.60
Forfeited	45.56
Outstanding, ending balance	41.93	$ 37.60
Vested exercisable, weighted average exercise price	$ 37.60
Outstanding,weighted average remaining contractual term (years)	7 years 25 days	6 years 11 months 15 days
Vested, exercisable, weighted average remaining contractual term (years)	5 years 11 months 15 days
Outstanding, aggregate intrinsic value	$ 53.5	$ 6.6
Vested, aggregate intrinsic value	$ 42.8
Maximum | PSU awards
Number of Awards
Share-based payment award, vesting percentage	150.00%	150.00%	150.00%
Minimum | PSU awards
Number of Awards
Share-based payment award, vesting percentage	0.00%	0.00%	0.00%

Shareholders' Equity - Common S

Shareholders' Equity - Common Share Rollforward (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 19, 2019	Aug. 06, 2019	Jun. 19, 2019	Jun. 04, 2019	Apr. 09, 2019	Apr. 04, 2019	Jan. 03, 2019	Mar. 26, 2018	Dec. 26, 2017	Apr. 12, 2017	Mar. 09, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jun. 11, 2019	Sep. 12, 2018
Increase (Decrease) in Stockholders' Equity
Common stock, shares issued, beginning balance (in shares)												272,431,745
Common stock, shares outstanding, beginning balance (in shares)												150,978,184	172,000,000	194,600,000
Common stock, shares issued (in shares)												(100,000)		0
Common stock, shares acquired under share repurchase (in shares)	2,591,093	695,566	2,963,512	879,199	3,593,453	290,765	5,059,449	1,947,413	7,821,666	3,986,647	0	21,100,000	(22,800,000)	24,400,000
Common stock, shares issued for share-based compensation programs (in shares)												2,300,000	1,800,000	1,800,000
Treasury Stock retirement (in shares)												0
Common stock, shares issued, ending balance (in shares)												140,726,677	272,431,745
Common stock, shares outstanding, ending balance (in shares)												132,325,790	150,978,184	172,000,000
Dividends declared per share of Common Stock (in dollars per share)												$ 0.32	$ 0.04	$ 0.04
Payment	$ 200		$ 200		$ 236		$ 250		$ 500		$ 150	$ 1,136	$ 1,025	$ 923
Total Shares Repurchased (in shares)		3,659,078		4,472,652		5,350,214		9,769,079		3,986,647
Preferred Stock
Increase (Decrease) in Stockholders' Equity
Payment												$ 0	$ 0	$ 0
Preferred stock, shares issued (in shares)												625,000	325,000
Preferred stock, shares outstanding (in shares)												625,000	325,000
Common Stock
Increase (Decrease) in Stockholders' Equity
Common stock, shares issued, beginning balance (in shares)												272,400,000	270,000,000	268,000,000
Common stock, shares issued (in shares)												(100,000)	0	0
Common stock, shares acquired under share repurchase (in shares)												0	0	0
Common stock, shares issued for share-based compensation programs (in shares)												3,200,000	2,400,000	2,000,000
Treasury Stock retirement (in shares)												(135,000,000)
Common stock, shares issued, ending balance (in shares)												140,700,000	272,400,000	270,000,000
Payment												$ 0	$ 0	$ 0
Treasury Stock
Increase (Decrease) in Stockholders' Equity
Common stock, shares held in treasury, beginning balance (in shares)												(121,400,000)	(98,000,000)	(73,400,000)
Common stock, shares issued (in shares)												0	0	0
Common stock, shares acquired under share repurchase (in shares)												21,100,000	(22,800,000)	24,400,000
Common stock, shares issued for share-based compensation programs (in shares)												900,000	(600,000)	200,000
Treasury Stock retirement (in shares)												(135,000,000)
Common stock, shares held in treasury, ending balance (in shares)												(8,400,000)	(121,400,000)	(98,000,000)
Payment												$ 1,096	$ 1,125	$ 1,023
Series A Preferred Stock
Increase (Decrease) in Stockholders' Equity
Preferred stock, shares issued (in shares)												325,000	325,000			325,000
Preferred stock, shares outstanding (in shares)												325,000	325,000
Series B Preferred Stock
Increase (Decrease) in Stockholders' Equity
Preferred stock, shares issued (in shares)												300,000	0		300,000
Preferred stock, shares outstanding (in shares)												300,000	0

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	Dec. 27, 2019	Dec. 19, 2019	Aug. 06, 2019	Jun. 19, 2019	Jun. 11, 2019	Jun. 04, 2019	Apr. 09, 2019	Apr. 04, 2019	Jan. 03, 2019	Sep. 12, 2018	Mar. 26, 2018	Dec. 26, 2017	Apr. 12, 2017	Mar. 09, 2017	May 07, 2013	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Oct. 31, 2019	May 02, 2019
Class of stock [Line Items]
Amount authorized for repurchase																			$ 800	$ 500
Dividend per share, cash paid (usd per share)	$ 0.15														$ 0.01
Fair value of warrants issued															$ 94,000,000
Warrants exercised																0
Exercise price of warrants (usd per share)	$ 48.49														$ 48.75
Number of shares of common stock for which each warrant is exercisable (in shares)	1.002430429
Percentage of issued warrants to total shares issued and outstanding															9.99%
Number of warrants issued and outstanding															26,050,846
Preferred stock, par value																$ 0.01	$ 0.01
Proceeds from issuance of preferred stock, net																$ 293,000,000	$ 319,000,000	$ 0
Issuer's redemption option, period to redeem after a redemption event																90 days
Preferred stock, shares authorized (in shares)																100,000,000	100,000,000
Preferred stock dividends in arrears																$ 0
Common stock acquired - Share repurchase		$ (200,000,000)		$ (200,000,000)			$ (236,000,000)		$ (250,000,000)			$ (500,000,000)		$ (150,000,000)		$ (1,136,000,000)	$ (1,025,000,000)	$ (923,000,000)
Number of shares repurchased and placed in treasury		2,591,093	695,566	2,963,512		879,199	3,593,453	290,765	5,059,449		1,947,413	7,821,666	3,986,647	0		21,100,000	(22,800,000)	24,400,000
Rating Agency Event
Class of stock [Line Items]
Redemption price (in dollars per share)																$ 1,020
Regulatory Capital Event
Class of stock [Line Items]
Redemption price (in dollars per share)																$ 1,000
Open market repurchase
Class of stock [Line Items]
Common stock acquired - Share repurchase																$ (250,000,000)	$ (1,025,000,000)	$ (273,000,000)
Number of shares repurchased and placed in treasury																4,926,775	20,843,047	7,437,994
Series B Preferred Stock
Class of stock [Line Items]
Preferred stock, shares issued (in shares)					300,000											300,000	0
Preferred stock, dividend rate, percentage					5.35%											5.35%
Preferred stock, par value					$ 0.01
Liquidation preference (in dollars per share)					$ 1,000
Proceeds from issuance of preferred stock, net					$ 293
Series A Preferred Stock
Class of stock [Line Items]
Preferred stock, shares issued (in shares)										325,000						325,000	325,000
Preferred stock, dividend rate, percentage										6.125%						5.125%
Preferred stock, par value										$ 0.01
Liquidation preference (in dollars per share)										$ 1,000
Proceeds from issuance of preferred stock, net										$ 319,000,000
Depositary Shares | Rating Agency Event
Class of stock [Line Items]
Redemption price (in dollars per share)																$ 25.50
Depositary Shares | Regulatory Capital Event
Class of stock [Line Items]
Redemption price (in dollars per share)																$ 25

Earnings per Common Share Ear_2

Earnings per Common Share Earnings per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Class of Stock [Line Items]
Income (Loss) from continuing operations									$ 765	$ 491	$ (302)
Preferred Stock Dividends, Income Statement Impact									28	0	0
Less: Net income (loss) attributable to noncontrolling interest	$ 6	$ 19	$ 26	$ (1)	$ 57	$ 26	$ 62	$ 0	50	145	217
Income (loss) from continuing operations available to common shareholders									687	346	(519)
Income (loss) from discontinued operations, net of tax	(1,084)	(4)	42	(20)	29	(32)	92	440	(1,066)	529	(2,473)
Net income (loss) available to Voya Financial, Inc.	$ (772)	$ 121	$ 226	$ 74	$ 120	$ 142	$ 167	$ 446	$ (351)	$ 875	$ (2,992)
Basic (shares)									141	163.2	184.1
Diluted (shares)									147	168.2	184.1
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	$ 2.29	$ 0.80	$ 1.27	$ 0.57	$ 0.60	$ 1.09	$ 0.45	$ 0.03	$ 4.88	$ 2.12	$ (2.82)
Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders	(8.06)	(0.03)	0.29	(0.14)	0.18	(0.20)	0.55	2.56	(7.57)	3.24	(13.43)
Income (loss) available to Voya Financial, Inc.'s common shareholders	(5.76)	0.77	1.57	0.44	0.78	0.89	1	2.59	(2.69)	5.36	(16.25)
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	2.17	0.77	1.22	0.56	0.58	1.06	0.43	0.03	4.68	2.05	(2.82)
Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders	(7.62)	(0.03)	0.28	(0.13)	0.18	(0.19)	0.53	2.47	(7.26)	3.14	(13.43)
Income (loss) available to Voya Financial, Inc.'s common shareholders	$ (5.45)	$ 0.74	$ 1.51	$ 0.42	$ 0.76	$ 0.87	$ 0.96	$ 2.50	$ (2.58)	$ 5.20	$ (16.25)
Warrants
Class of Stock [Line Items]
Dilutive Effects (shares)										0.8	0
Restricted Share Units (RSUs)
Class of Stock [Line Items]
Dilutive Effects (shares)									1.4	1.7	0
Antidilutive securities excluded from computation of earnings per share											1.9
PSU awards
Class of Stock [Line Items]
Dilutive Effects (shares)									1.9	1.9	0
Antidilutive securities excluded from computation of earnings per share											0.8
Stock options
Class of Stock [Line Items]
Dilutive Effects (shares)									0.6	0.6	0
Warrants
Class of Stock [Line Items]
Dilutive Effects (shares)									2.1

Insurance Subsidiaries - Statut

Insurance Subsidiaries - Statutory Equity and Income (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)subsidiary	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Insurance [Abstract]
Number of insurance subsidiaries | subsidiary	3
Voya Retirement Insurance and Annuity Company (VRIAC) (CT) | Connecticut
Statutory Accounting Practices [Line Items]
Statutory Net Income (Loss)	$ 325	$ 377	$ 195
Statutory Capital and Surplus	2,005	2,000
Security Life of Denver Insurance Company (CO) | Colorado
Statutory Accounting Practices [Line Items]
Statutory Net Income (Loss)	(226)	(62)	58
Statutory Capital and Surplus	881	965
ReliaStar Life Insurance Company (RLI) (MN) | Minnesota
Statutory Accounting Practices [Line Items]
Statutory Net Income (Loss)	35	101	234
Statutory Capital and Surplus	$ 1,536	$ 1,633
Voya Insurance and Annuity Company (VIAC) (IA) | Iowa
Statutory Accounting Practices [Line Items]
Statutory Net Income (Loss)			$ 514

Insurance Subsidiaries - Divide

Insurance Subsidiaries - Dividends Restrictions and Approved Distributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2020
Statutory Accounting Practices [Line Items]
Dividends Paid	$ 44	$ 6	$ 8
Insurance Laws Applicable to Insurance Subsidiaries in Connecticut, Indiana. Iowa, and Minnesota
Statutory Accounting Practices [Line Items]
Percentage threshold of dividends paid in previous twelve months to earned statutory surplus of prior year end, requiring approval of payment of dividends if exceeded	10.00%
Insurance Laws Applicable to Insurance Subsidiaries in Colorado
Statutory Accounting Practices [Line Items]
Percentage threshold of dividends paid in previous twelve months to earned statutory surplus of prior year end, requiring approval of payment of dividends if exceeded	10.00%
Subsidiaries | Voya Retirement Insurance and Annuity Company (VRIAC) (CT) | Connecticut
Statutory Accounting Practices [Line Items]
Dividends Permitted without Approval	$ 396			$ 295
Dividends Paid	396	126
Extraordinary Distributions Paid	0	0
Subsidiaries | Security Life of Denver Insurance Company (CO) | Colorado
Statutory Accounting Practices [Line Items]
Dividends Permitted without Approval	0			0
Dividends Paid	0	52
Extraordinary Distributions Paid	0	0
Subsidiaries | ReliaStar Life Insurance Company (RLI) (MN) | Minnesota
Statutory Accounting Practices [Line Items]
Dividends Permitted without Approval	0			$ 0
Dividends Paid	0	0
Extraordinary Distributions Paid	$ 360	$ 0

Insurance Subsidiaries - Captiv

Insurance Subsidiaries - Captive Reinsurance Subsidiaries (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statutory Accounting Practices [Line Items]
Dividends paid	$ 44	$ 6	$ 8
Missouri
Statutory Accounting Practices [Line Items]
Prescribed practice amount	749	676
Aggregate statutory capital and surplus, including prescribed practices	172	156
Arizona | Security Life of Denver International Ltd
Statutory Accounting Practices [Line Items]
Permitted practice amount	440	$ 431
Security Life of Denver International Ltd | Subsidiaries | Arizona
Statutory Accounting Practices [Line Items]
Dividends paid	228
Roaring River II, Inc | Subsidiaries | Arizona
Statutory Accounting Practices [Line Items]
Dividends paid	$ 154

Insurance Subsidiaries - Surplu

Insurance Subsidiaries - Surplus Notes (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Schedule of Surplus Notes [Line Items]
Surplus Notes	$ 123
Surplus Notes Issued 1994
Schedule of Surplus Notes [Line Items]
Surplus Notes	40	$ 60
Surplus Notes Issued 2000
Schedule of Surplus Notes [Line Items]
Surplus Notes	26	39
Surplus Notes Issued 2017
Schedule of Surplus Notes [Line Items]
Surplus Notes	61	61
Surplus Notes Issued 2018
Schedule of Surplus Notes [Line Items]
Surplus Notes	62	62
Surplus Notes Issued 2019
Schedule of Surplus Notes [Line Items]
Surplus Notes	$ 63	$ 0

Employee Benefit Arrangements -

Employee Benefit Arrangements - Defined Benefit Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Annual credit earned by participants, percentage of eligible compensation	4.00%
30-year U.S. Treasury securities bond rate period	30 years
Deferred compensation commitment	$ 314	$ 278

Employee Benefit Arrangements_2

Employee Benefit Arrangements - Obligations and Funded Status (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Change in plan assets:
Fair value of plan assets, ending balance	$ 1,964
Accumulated other comprehensive (income) loss, net of tax	(7)	$ (7)	$ (15)
Other Postretirement Benefits
Change in benefit obligation:
Benefits obligations, beginning balance	16
Benefits obligations, ending balance	18	16
Pension Plan
Change in benefit obligation:
Benefits obligations, beginning balance	2,140	2,294
Service cost	24	25	24
Interest cost	92	86	93
Net actuarial (gains) losses	259	(157)
Benefits paid	(106)	(108)
(Gain) loss recognized due to curtailment	1	0
Benefits obligations, ending balance	2,410	2,140	2,294
Change in plan assets:
Fair value of plan assets, beginning balance	1,605	1,764
Actual return on plan assets	376	(78)
Employer contributions	85	27
Benefits paid	(106)	(108)
Fair value of plan assets, ending balance	1,960	1,605	$ 1,764
Funded status at end of the year	(450)	(535)
Accrued benefit cost	(450)	(535)
Net amount recognized	(450)	(535)
Prior service cost (credit)	0	(1)
Tax effect	0	0
Accumulated other comprehensive (income) loss, net of tax	$ 0	$ (1)

Employee Benefit Arrangements_3

Employee Benefit Arrangements - Obligations in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 1,964
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	2,410	$ 2,140	$ 2,294
Accumulated benefit obligation	2,404	2,134
Fair value of plan assets	1,960	1,605	$ 1,764
Other Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 18	$ 16

Employee Benefit Arrangements_4

Employee Benefit Arrangements - Net Periodic Benefit Costs and Other Changes in Plan Assets and Future Amortizaion of Prior Service Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations:
Net (gain) loss recognition	$ (4)	$ 50	$ 14
Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI:
Amortization of prior service (credit) cost	4	11	15
Total recognized in AOCI	4	11	15
Pension Plan
Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations:
Service cost	24	25	24
Interest cost	92	86	93
Expected return on plan assets	(113)	(129)	(115)
Amortization of prior service cost (credit)	0	(9)	(10)
(Gain) loss recognized due to curtailment	1	0	1
Net (gain) loss recognition	(4)	50	14
Net periodic (benefit) costs	0	23	7
Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI:
Amortization of prior service (credit) cost	0	9	10
(Credit) cost recognized due to curtailment	(1)	0	2
Total recognized in AOCI	(1)	9	12
Total recognized in net periodic (benefit) costs and AOCI	(1)	32	19
Other Postretirement Benefits
Net Periodic (Benefit) Costs Recognized in Consolidated Statements of Operations:
Net periodic (benefit) costs	$ (2)	$ (6)	$ (2)

Employee Benefit Arrangements_5

Employee Benefit Arrangements - Net Actuarial (Gains) Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss recognition	$ 4	$ (50)	$ (14)
Discount Rate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss recognition	(292)	160	(196)
Asset Returns
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss recognition	263	(207)	142
Mortality Table Assumptions
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss recognition	22	6	14
Demographic Data and other
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net (gain) loss recognition	$ 11	$ (9)	$ 25

Employee Benefit Arrangements_6

Employee Benefit Arrangements - Assumptions (Details) - Pension Plan	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Discount rate, benefit obligation	3.36%	4.46%
Discount rate, net benefit cost	4.37%	3.85%	4.55%
Expected rate of return on plan assets, net benefit cost	6.75%	7.50%	7.50%

Employee Benefit Arrangements_7

Employee Benefit Arrangements - Plan Assets, Allocation (Details) - Pension Plan	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	100.00%	100.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	37.50%	42.60%
Equity securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	14.00%	37.00%
Equity securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	40.00%	65.00%
Large-cap domestic
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	18.30%	23.00%
Small/Mid-cap domestic
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	5.90%	6.10%
International Commingled Funds
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	12.00%	11.70%
Other
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	1.30%	1.80%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	54.50%	46.90%
Debt securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	54.00%	30.00%
Debt securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	82.00%	50.00%
U.S. Treasuries, short term investments, cash and futures
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	5.40%	3.00%
U.S. government agencies and authorities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	5.00%	8.20%
U.S. corporate, state and municipalities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	40.80%	31.60%
Foreign securities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	3.30%	4.10%
Other fixed maturities
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	0.00%	0.00%
Other investments
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	8.00%	10.50%
Other investments | Minimum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	6.00%	6.00%
Other investments | Maximum
Defined Benefit Plan Disclosure [Line Items]
Target allocation range, minimum	14.00%	14.00%
Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	3.90%	4.80%
Real estate
Defined Benefit Plan Disclosure [Line Items]
Actual allocation	4.10%	5.70%

Employee Benefit Arrangements_8

Employee Benefit Arrangements - Fair Value of Plan Assets (Details)	12 Months Ended
	Dec. 31, 2019USD ($)fund_asset	Dec. 31, 2018USD ($)fund_asset	Dec. 31, 2017USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 1,964,000,000
Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		$ 0
U.S. Government securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		0
U.S. corporate, state and municipalities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		0
Foreign securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		0
Other fixed maturities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		0
Small/Mid-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, net asset value		0
Derivatives
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	4,000,000
Net, total pension assets, net asset value	0
Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	226,000,000
Level 1 | Derivatives
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	4,000,000
Net, total pension assets, net asset value	4,000,000
Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,205,000,000
Level 2 | Derivatives
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0
Net, total pension assets, net asset value	0
Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000
Level 3 | Other fixed maturities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Level 3 | Derivatives
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0
Net, total pension assets, net asset value	0
Pension Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,960,000,000	1,605,000,000	$ 1,764,000,000
Net, total pension assets, net asset value	519,000,000	432,000,000
Pension Plan | Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,070,000,000	752,000,000
Net, total pension assets, net asset value	98,000,000	48,000,000
Pension Plan | Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000	0
Pension Plan | Short-term investments fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	98,000,000	48,000,000
Net, total pension assets, net asset value	98,000,000	48,000,000
Pension Plan | U.S. Government securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	97,000,000	131,000,000
Pension Plan | U.S. corporate, state and municipalities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	796,000,000	506,000,000
Pension Plan | Foreign securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	64,000,000	66,000,000
Pension Plan | Other fixed maturities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,000,000	1,000,000
Pension Plan | Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	733,000,000	684,000,000
Net, total pension assets, net asset value	260,000,000	217,000,000
Pension Plan | Large-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	358,000,000	369,000,000
Net, total pension assets, net asset value		0
Pension Plan | Small/Mid-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	115,000,000	98,000,000
Pension Plan | International Commingled Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	235,000,000	188,000,000
Net, total pension assets, net asset value	$ 235,000,000	$ 188,000,000
Number of assets In fund | fund_asset	2	2
Pension Plan | International Commingled Funds | Baillie Gifford Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 125,000,000	$ 94,000,000
Unfunded commitments	0	0
Pension Plan | International Commingled Funds | Silchester
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 110,000,000	$ 94,000,000
Number of business days prior to month-end clients must submit redemption request	6 days	6 days
Unfunded commitments	$ 0	$ 0
Pension Plan | Equity Securities, Limited Partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Number of assets In fund | fund_asset	2	2
Pension Plan | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 25,000,000	$ 29,000,000
Net, total pension assets, net asset value	25,000,000	29,000,000
Pension Plan | Pantheon Europe | Pantheon Europe
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	3,000,000	4,000,000
Unfunded commitments	1,000,000	1,000,000
Pension Plan | Pantheon USA | Pantheon USA
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	22,000,000	25,000,000
Unfunded commitments	5,000,000	5,000,000
Pension Plan | Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	161,000,000	169,000,000
Net, total pension assets, net asset value	161,000,000	167,000,000
Pension Plan | Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	80,000,000	92,000,000
Net, total pension assets, net asset value	80,000,000	92,000,000
Pension Plan | Real estate | UBS Trumbull Property Fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 80,000,000	$ 92,000,000
Number of business days prior to month-end clients must submit redemption request	60 days	60 days
Real return performance objective, rate of return	5.00%	5.00%
Pension Plan | Real estate | UBS Trumbull Property Fund | Minimum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Real return performance objective, rate of return, determination period	3 years	3 years
Pension Plan | Real estate | UBS Trumbull Property Fund | Maximum
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Real return performance objective, rate of return, determination period	5 years	5 years
Pension Plan | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 81,000,000	$ 75,000,000
Net, total pension assets, net asset value	81,000,000	75,000,000
Pension Plan | Limited partnerships | Magnitude Institutional, Ltd.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	81,000,000	75,000,000
Pension Plan | Other derivatives, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value		2,000,000
Net, total pension assets, net asset value		0
Pension Plan | Level 1
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	222,000,000	601,000,000
Pension Plan | Level 1 | Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	111,000,000	132,000,000
Pension Plan | Level 1 | Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000	0
Pension Plan | Level 1 | Short-term investments fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | U.S. Government securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	97,000,000	131,000,000
Pension Plan | Level 1 | U.S. corporate, state and municipalities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	1,000,000
Pension Plan | Level 1 | Foreign securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Other fixed maturities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	115,000,000	467,000,000
Pension Plan | Level 1 | Large-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	369,000,000
Pension Plan | Level 1 | Small/Mid-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	115,000,000	98,000,000
Pension Plan | Level 1 | International Commingled Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	2,000,000
Pension Plan | Level 1 | Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 1 | Other derivatives, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value		2,000,000
Pension Plan | Level 2
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,205,000,000	565,000,000
Pension Plan | Level 2 | Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	847,000,000	565,000,000
Pension Plan | Level 2 | Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Short-term investments fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | U.S. Government securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | U.S. corporate, state and municipalities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	782,000,000	498,000,000
Pension Plan | Level 2 | Foreign securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	64,000,000	66,000,000
Pension Plan | Level 2 | Other fixed maturities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	1,000,000	1,000,000
Pension Plan | Level 2 | Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	358,000,000	0
Pension Plan | Level 2 | Large-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	358,000,000	0
Pension Plan | Level 2 | Small/Mid-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | International Commingled Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 2 | Other derivatives, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value		0
Pension Plan | Level 3
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000	7,000,000
Pension Plan | Level 3 | Debt securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000	7,000,000
Pension Plan | Level 3 | Cash and cash equivalents
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Short-term investments fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | U.S. Government securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | U.S. corporate, state and municipalities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	14,000,000	7,000,000
Pension Plan | Level 3 | Foreign securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Large-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Small/Mid-cap domestic
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | International Commingled Funds
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Other investments
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Real estate
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	0	0
Pension Plan | Level 3 | Limited partnerships
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value	$ 0	0
Pension Plan | Level 3 | Other derivatives, net
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Net, total pension assets, fair value		$ 0

Employee Benefit Arrangements_9

Employee Benefit Arrangements - Expected Future Contributions and Benefit Payments (Details) - Pension Plan $ in Millions	Dec. 31, 2019USD ($)
Defined Benefit Plan Disclosure [Line Items]
2020	$ 125
2021	122
2022	126
2023	130
2024	130
2025-2029	682
Nonqualified pension plan
Defined Benefit Plan Disclosure [Line Items]
Estimated future employer contributions next year	$ 86

Employee Benefit Arrangement_10

Employee Benefit Arrangements - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Retirement Benefits [Abstract]
Company match, percentage	6.00%
Award vesting percentage each year	25.00%
Cost recognized for defined contribution pension plans	$ 35	$ 35	$ 39

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Derivatives	$ 145	$ 170	$ 127
DAC/VOBA adjustment on available-for-sale securities	(1,498)	(380)	(1,471)
Premium deficiency reserve	(249)	(57)	(190)
Sales inducements and other intangibles adjustment on available-for-sale securities	(185)	(64)	(278)
Other	0	0	(18)
Unrealized capital gains (losses), before tax	3,759	743	3,556
Deferred income tax asset (liability)	(435)	(143)	(840)
Net unrealized capital gains (losses)	3,324	600	2,716
Pension and other postretirement benefits liability, net of tax	7	7	15
AOCI	3,331	607	2,731
Fixed maturities
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Fixed maturities, net of OTTI	5,546	1,074	5,351
Equity securities
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Equity securities	0	$ 0	$ 35
Other Contract
Components Of Accumulated Other Comprehensive Income Loss [Line Items]
Portion of AOCI expected to be reclassified into earnings within the next 12 months	$ 25

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes in AOCI, including Reclassification Adjustments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains/losses on Other	$ 0	$ 18	$ 13
OTTI	3	32	(2)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	21	70	(3)
DAC/VOBA	(1,118)	1,091	(388)
Premium deficiency reserve	(192)	133	(136)
Sales inducements	(121)	214	(109)
Change in unrealized gains/losses on available-for-sale securities	3,041	(2,821)	1,320
Derivatives	0	69	(106)
Adjustments for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(25)	(26)	(25)
Change in unrealized gains/losses on derivatives	(25)	43	(131)
Amortization of prior service (credit) cost	(4)	(11)	(15)
Total recognized in AOCI	4	11	15
Other comprehensive income (loss), before tax	3,012	(2,789)	1,174
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax [Abstract]
Net unrealized gains/losses on Other	0	(8)	(5)
OTTI	(1)	(9)	1
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	(4)	(18)	1
DAC/VOBA	235	(255)	150
Premium deficiency reserve	40	(28)	48
Sales inducements	25	(59)	39
Change in unrealized gains/losses on available-for-sale securities	(640)	702	(414)
Derivatives	0	(19)	37
Adjustments for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	5	7	9
Change in unrealized gains/losses on derivatives	5	(12)	46
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations	4	3	4
Change in pension and other postretirement benefits liability	4	3	4
Change in Other comprehensive income (loss)	(631)	693	(364)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax [Abstract]
Net unrealized gains/losses on Other	0	10	8
OTTI	2	23	(1)
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations	17	52	(2)
DAC/VOBA	(883)	836	(238)
Premium deficiency reserve	(152)	105	(88)
Sales inducements	(96)	155	(70)
Change in unrealized gains/losses on available-for-sale securities	2,401	(2,119)	906
Derivatives	0	50	(69)
Adjustments for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations	(20)	(19)	(16)
Change in unrealized gains/losses on derivatives	(20)	31	(85)
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations	0	(8)	(11)
Change in pension and other postretirement benefits liability	0	(8)	(11)
Other comprehensive income (loss), after tax	2,381	(2,096)	810
Fixed maturities
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	4,448	(4,379)	1,943
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	(935)	1,079	(647)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	3,513	(3,300)	1,296
Equity securities
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, before Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	0	0	2
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	0	0	(1)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax [Abstract]
Net unrealized gains/losses on available-for-sale securities	$ 0	$ 0	$ 1

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current tax expense (benefit):
Federal	$ 126	$ 123	$ (128)
State	1	(2)	0
Total current tax expense (benefit)	127	121	(128)
Deferred tax expense (benefit):
Federal	(335)	(84)	812
State	3	0	3
Total deferred tax expense (benefit)	(332)	(84)	815
Total income tax expense (benefit)	$ (205)	$ 37	$ 687

Income Taxes - Income Tax Recon

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Income (loss) before income taxes	$ 66	$ 149	$ 243	$ 102	$ 126	$ 229	$ 165	$ 8	$ 560	$ 528	$ 385
Tax Rate									21.00%	21.00%	35.00%
Income tax expense (benefit) at federal statutory rate									$ 118	$ 111	$ 135
Valuation allowance									(250)	(15)	(28)
Dividend received deduction									(37)	(49)	(40)
Audit settlement									0	0	0
State tax expense (benefit)									1	10	4
Noncontrolling interest									(10)	(30)	(76)
Tax credits									(33)	0	14
Nondeductible expenses									1	4	2
Expirations of federal tax capital loss carryforward									0	0	2
Effect of Tax Reform									0	8	679
Other									5	(2)	(5)
Total income tax expense (benefit)									$ (205)	$ 37	$ 687
Effective tax rate									(36.60%)	7.00%	178.40%
Effect of Tax Reform
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
Effect of Tax Reform									$ 283

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Federal and state loss carryforwards	$ 2,147	$ 2,051
Investments	189	246
Insurance reserves	0	187
Compensation and benefits	269	295
Other assets	132	124
Total gross assets before valuation allowance	2,737	2,903
Less: Valuation allowance	388	638
Assets, net of valuation allowance	2,349	2,265
Net unrealized investment gains	(769)	(145)
Insurance reserves	(45)	0
Deferred policy acquisition costs	(66)	(493)
Other liabilities	(11)	(17)
Total gross liabilities	(891)	(655)
Net deferred income tax asset (liability)	$ 1,458	$ 1,610

Income Taxes - Tax Credit and L

Income Taxes - Tax Credit and Loss Carryforwards (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Tax capital loss/credit carryforward	$ 73	$ 34
Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards not subject to expiration	5,882
Net operating loss carryforwards	9,591	9,319
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards not subject to expiration	362
Net operating loss carryforwards	2,849	2,244
Capital loss carryforwards | Internal Revenue Service (IRS)
Operating Loss Carryforwards [Line Items]
Tax capital loss/credit carryforward	$ 17	$ 0

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense [Abstract]
Unrecognized tax benefits, balance	$ 33	$ 37	$ 36
Additions for tax positions related to current year	1	2	2
Additions for tax positions related to prior years	0	1	0
Reductions for tax positions related to prior years	(2)	(1)	0
Reductions for settlements with taxing authorities	0	(6)	0
Reductions for expiring statutes	0	0	(1)
Unrecognized tax benefits, balance	32	33	37
Unrecognized tax benefits that would affect effective rate	$ 1	$ 1	$ 8

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Contingency [Line Items]
Limit on NOL Carryforward Deduction	80.00%
Valuation allowance	$ 388	$ 638
Change in valuation allowance	250	15	$ 311
Gross interest (benefit) related to unrecognized tax	0	0	0
Unrecognized tax benefits	32	33	37	$ 36
Tax benefit related to change in valuation allowance	0	8	$ 679
Deferred Tax Asset, Operating Loss Carryforward
Income Tax Contingency [Line Items]
Valuation allowance	742	992
Valuation allowance on deferred tax assets
Income Tax Contingency [Line Items]
Valuation allowance	388	$ 638
Other Comprehensive Income (Loss) | Deferred Tax Asset, Capital Loss Carryforward
Income Tax Contingency [Line Items]
Valuation allowance	(354)
Other Net Realized Capital Gains (Losses) | Deferred Tax Asset, Capital Loss Carryforward
Income Tax Contingency [Line Items]
Valuation allowance	(354)
Continuing Operations
Income Tax Contingency [Line Items]
Change in valuation allowance	$ (250)

Financing Agreements - Long-ter

Financing Agreements - Long-term Debt (Details) - USD ($) $ in Millions	Jul. 12, 2019	Jan. 23, 2018	May 16, 2013	Dec. 31, 2018	Dec. 31, 2019	Nov. 01, 2019	Jul. 05, 2017	Mar. 17, 2015	Jun. 16, 2007
Debt Instrument [Line Items]
Revolving lines of credit, capacity					$ 5,036
Total				$ 3,137	3,043
Current portion of long-term debt				1	1
Long-term debt				3,136	3,042
1.00% Windsor Property Loan
Debt Instrument [Line Items]
Cash collateral balance required or remaining					$ 5
Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan								1.875%
Senior Notes | 2.9% Senior Notes, due 2018
Debt Instrument [Line Items]
Annual interest rate on loan					2.90%
Senior Notes | 5.5% Senior Notes, due 2022
Debt Instrument [Line Items]
Repayments of long-term debt	$ 97			125
Total				$ 96	$ 0
Annual interest rate on loan				5.50%	5.50%
Repurchase amount				$ 141
Senior Notes | 3.125% Senior Notes, due 2024
Debt Instrument [Line Items]
Total				$ 396	$ 397
Annual interest rate on loan				3.125%	3.125%		3.125%
Amount of unsecured notes issued							$ 400
Senior Notes | 3.65% Senior Notes, due 2026
Debt Instrument [Line Items]
Total				$ 496	$ 496
Annual interest rate on loan				3.65%	3.65%
Senior Notes | 5.7% Senior Notes, due 2043
Debt Instrument [Line Items]
Total				$ 395	$ 395
Annual interest rate on loan				5.70%	5.70%
Senior Notes | 4.8% Senior Notes, due 2046
Debt Instrument [Line Items]
Total				$ 297	$ 297
Annual interest rate on loan				4.80%	4.80%
Junior Subordinated Notes | 4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048
Debt Instrument [Line Items]
Total				$ 344	$ 345
Annual interest rate on loan		4.70%		4.70%	4.70%
Amount of unsecured notes issued		$ 350
Description of variable rate basis		LIBOR
Basis spread		2.084%
Junior Subordinated Notes | 5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053
Debt Instrument [Line Items]
Total				$ 739	$ 739
Annual interest rate on loan			5.65%	5.65%	5.65%
Amount of unsecured notes issued			$ 750
Description of variable rate basis			LIBOR
Basis spread			3.58%
Debentures | 7.25% Voya Holdings Inc. debentures, due 2023
Debt Instrument [Line Items]
Total				$ 138	$ 139
Annual interest rate on loan				7.25%	7.25%
Debentures | 7.63% Voya Holdings Inc. debentures, due 2026
Debt Instrument [Line Items]
Total				$ 138	$ 138
Annual interest rate on loan				7.63%	7.63%
Debentures | 6.97% Voya Holdings Inc. debentures, due 2036
Debt Instrument [Line Items]
Total				$ 79	$ 79
Annual interest rate on loan				6.97%	6.97%
Debentures | Voya Holdings Debentures
Debt Instrument [Line Items]
Total				$ 358	$ 358
Notes Payable | 8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027
Debt Instrument [Line Items]
Total				$ 14	$ 14
Annual interest rate on loan				8.42%	8.42%
Property Loan | 1.00% Windsor Property Loan
Debt Instrument [Line Items]
Total				$ 5	$ 4
Annual interest rate on loan				1.00%	1.00%
Amount of unsecured notes issued									$ 10
Revolving Credit Agreement
Debt Instrument [Line Items]
Revolving lines of credit, capacity						$ 500
Minimum net worth required for compliance						$ 6,150

Financing Agreements - Addition

Financing Agreements - Additional Information (Detail) - USD ($) $ in Millions	Jul. 12, 2019	Jan. 23, 2018	Mar. 17, 2015	May 16, 2013	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Nov. 01, 2019	Jul. 05, 2017	Jun. 16, 2007
Debt Instrument [Line Items]
Long-term debt					$ 3,043	$ 3,137
Payments of financing costs					34	34	$ 50
Business agreement, term of agreement			10 years
Put option agreement, face amount			$ 500
Debt securities | Interest expense
Debt Instrument [Line Items]
Income (loss) related to early extinguishment of debt					$ (9)	$ (40)	$ (4)
Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan			1.875%
Junior Subordinated Notes
Debt Instrument [Line Items]
Maximum deferral period for one or more consecutive interest payments					5 years
3.125% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Amount of unsecured notes issued									$ 400
Annual interest rate on loan					3.125%	3.125%			3.125%
Long-term debt					$ 397	$ 396
2.9% Senior Notes, due 2018 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan					2.90%
5.5% Senior Notes, due 2022 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan					5.50%	5.50%
Repurchase amount						$ 141
Repayments of long-term debt	$ 97					125
Long-term debt					$ 0	$ 96
5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053 | Junior Subordinated Notes
Debt Instrument [Line Items]
Amount of unsecured notes issued				$ 750
Annual interest rate on loan				5.65%	5.65%	5.65%
Description of variable rate basis				LIBOR
Basis spread				3.58%
Long-term debt					$ 739	$ 739
4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048 | Junior Subordinated Notes
Debt Instrument [Line Items]
Amount of unsecured notes issued		$ 350
Annual interest rate on loan		4.70%			4.70%	4.70%
Description of variable rate basis		LIBOR
Basis spread		2.084%
Long-term debt					$ 345	$ 344
Voya Holdings Debentures | Debentures
Debt Instrument [Line Items]
Long-term debt					$ 358	$ 358
7.25% Voya Holdings Inc. debentures, due 2023 | Debentures
Debt Instrument [Line Items]
Annual interest rate on loan					7.25%	7.25%
Long-term debt					$ 139	$ 138
7.63% Voya Holdings Inc. debentures, due 2026 | Debentures
Debt Instrument [Line Items]
Annual interest rate on loan					7.63%	7.63%
Long-term debt					$ 138	$ 138
6.97% Voya Holdings Inc. debentures, due 2036 | Debentures
Debt Instrument [Line Items]
Annual interest rate on loan					6.97%	6.97%
Long-term debt					$ 79	$ 79
1.00% Windsor Property Loan
Debt Instrument [Line Items]
Cash collateral balance required or remaining					$ 5
1.00% Windsor Property Loan | Loans Payable
Debt Instrument [Line Items]
Amount of unsecured notes issued										$ 10
Annual interest rate on loan					1.00%	1.00%
Long-term debt					$ 4	$ 5
Pre-Capitalized Trust | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan			3.976%
Aetna Notes | Voya Holdings Debentures
Debt Instrument [Line Items]
Minimum principal outstanding in year one					$ 0
Quarterly fee to guarantor of notes if minimum principal balance is not met					1.25%
Cash collateral balance required or remaining					$ 372	267
Cash collateral deposited for debt					105	36
Aetna Notes | Voya Holdings Debentures | Minimum
Debt Instrument [Line Items]
Cash collateral balance required or remaining					$ 358	$ 258
Revolving Credit Agreement
Debt Instrument [Line Items]
Minimum net worth required for compliance								$ 6,150

Financing Agreements - Future P

Financing Agreements - Future Principal Payments (Details) $ in Millions	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
2020	$ 1
2021	1
2022	1
2023	1
2024	140
Thereafter	2,932
Parent Issuer
Debt Instrument [Line Items]
2020	0
2021	0
2022	0
2023	0
2024	0
Thereafter	$ 2,700

Financing Agreements - Credit F

Financing Agreements - Credit Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Nov. 01, 2019
Line of Credit Facility [Line Items]
Capacity	$ 5,036
Utilization	3,857
Unused Commitment	928
Revolving Credit Agreement
Line of Credit Facility [Line Items]
Capacity		$ 500
Minimum net worth required for compliance		$ 6,150
Security Life of Denver International Limited | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	61
Utilization	51
Unused Commitment	10
Voya Financial, Inc. | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	500
Utilization	0
Unused Commitment	500
Voya Financial, Inc. / Security Life of Denver International Limited | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	250
Utilization	242
Unused Commitment	8
Voya Financial, Inc. / Security Life of Denver International Limited | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	475
Utilization	475
Unused Commitment	0
Voya Financial, Inc. / Security Life of Denver International Limited | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	1,725
Utilization	1,606
Unused Commitment	119
Voya Financial, Inc. | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	300
Utilization	300
Unused Commitment	0
Voya Financial, Inc. | Secured facilities
Line of Credit Facility [Line Items]
Capacity	10
Utilization	1
Unused Commitment	0
Voya Financial, Inc. / Roaring River LLC | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	425
Utilization	392
Unused Commitment	33
Voya Financial, Inc. / Roaring River IV, LLC | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	565
Utilization	357
Unused Commitment	208
Voya Financial, Inc. / Security Life of Denver International Limited | Unsecured and Uncommitted
Line of Credit Facility [Line Items]
Capacity	300
Utilization	58
Unused Commitment	0
Voya Financial, Inc. | Unsecured and Committed
Line of Credit Facility [Line Items]
Capacity	300
Utilization	250
Unused Commitment	50
Voya Financial, Inc. | Unsecured and Uncommitted
Line of Credit Facility [Line Items]
Capacity	125
Utilization	125
Unused Commitment	0
Revolving Credit Agreement
Line of Credit Facility [Line Items]
Utilization	0
Amounts of LOCs outstanding	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Payments under finance leases	$ 4
Short-term lease commitment amount	38
Operating leases, rent expense	30	$ 34	$ 29
Operating Leases
2020	31
2020	28
2021	28
2022	23
2023	18
Thereafter	17
Total undiscounted lease payments	145
Less: Imputed interest	(26)
Total Lease liabilities	119
Finance Lease, Liability, Payment, Due [Abstract]
2020	21
2021	21
2022	21
2023	2
2024	0
Thereafter	0
Total undiscounted lease payments	65
Less: Imputed interest	(3)
Total Lease liabilities	$ 62

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Undiscounted liability of future guaranty fund assessments	$ 1,000,000	$ 2,000,000
Future credits to premium taxes	14,000,000	15,000,000
Fixed maturity collateral pledged to FHLB	1,211,000,000	771,000,000
Possible losses in excess of amounts accrued	50,000,000
Liability for unpaid claims and claims adjustment expense, reported claims, amount	47
Amount of previously accrued interest subject to full or partial reversal if cumulative fund performance is not maintained	79,000,000
Federal Home Loan Bank Borrowings | Line of Credit
Loss Contingencies [Line Items]
Fixed maturity collateral pledged to FHLB	1,211,000,000	$ 771,000,000
Purchase of mortgage loans
Loss Contingencies [Line Items]
Amount of purchase commitments	107,000,000
Investment purchase commitment
Loss Contingencies [Line Items]
Amount of purchase commitments	909,000,000
Investment purchase commitment | VOEs
Loss Contingencies [Line Items]
Amount of purchase commitments	$ 255,000,000

Commitments and Contingencies_3

Commitments and Contingencies - Restricted Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Loss Contingencies [Line Items]
Operating leases, rent expense	$ 30	$ 34	$ 29
Fixed maturity collateral pledged to FHLB	1,211	771
FHLB restricted stock	55	50
Trading securities	48	99
Cash & cash equivalents	12	13
Total restricted assets	2,734	2,395
Securities pledged
Loss Contingencies [Line Items]
Fair value of loaned securities	1,159	1,237
Fair value of securities delivered as collateral	183	180
Securities Loaned
Loss Contingencies [Line Items]
Fair value of securities delivered as collateral	183	180
Line of Credit | Federal Home Loan Bank Borrowings
Loss Contingencies [Line Items]
Fixed maturity collateral pledged to FHLB	1,211	771
Non-putable funding agreements	877	657
Collateral pledged
Loss Contingencies [Line Items]
Securities pledged	$ 1,408	$ 1,462

Consolidated Investment Entit_3

Consolidated Investment Entities - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)entityfundCLO	Dec. 31, 2018USD ($)entityfundCLO
Variable Interest Entity [Line Items]
Assets of consolidated investment entities	$ 2,226	$ 2,310
Consolidated collateral loan obligations | CLO	3	2
Consolidated funds | fund	12	12
Number of investment funds accounted for as voting interest entity | fund	1
Liabilities of consolidated investment entities	$ 1,126	$ 1,228
Number of deconsolidated investment entities | entity	1	3
Parent Issuer
Variable Interest Entity [Line Items]
Assets of consolidated investment entities	$ 279	$ 290
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Ownership interest in unconsolidated CLO	$ 377	$ 468

Consolidated Investment Entit_4

Consolidated Investment Entities - Consolidation of Investment Entities into the Consolidated Balance Sheets (Details) $ in Millions	Dec. 31, 2019USD ($)fund	Dec. 31, 2018USD ($)fund
Condensed Financial Statements, Captions [Line Items]
Consolidated funds | fund	12	12
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	$ 2,226	$ 2,310
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	1,126	1,228
Assets:
Total investments and cash	54,868	51,852
Other assets	10,218	11,292
Assets held in consolidated investment entities	2,226	2,310
Assets held in separate accounts	81,670	69,931
Assets held for sale	20,069	20,045
Total assets	169,051	155,430
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	50,868	50,770
Other liabilities	6,659	6,593
Liabilities held in consolidated investment entities	1,126	1,228
Liabilities related to separate accounts	81,670	69,931
Liabilities held for sale	18,498	17,903
Total liabilities	158,821	146,425
Equity attributable to common shareholders	9,408	8,213
Appropriated-consolidated investment entities	0	0
Noncontrolling interest	822	792
Total liabilities and shareholder's equity	169,051	155,430
Before Consolidation
Assets:
Total investments and cash	55,146	52,142
Other assets	10,219	11,293
Assets held in consolidated investment entities	0	0
Assets held in separate accounts	81,670	69,931
Assets held for sale	20,069	20,045
Total assets	167,104	153,411
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	50,868	50,770
Other liabilities	6,659	6,593
Liabilities held in consolidated investment entities	1	1
Liabilities related to separate accounts	81,670	69,931
Liabilities held for sale	18,498	17,903
Total liabilities	157,696	145,198
Equity attributable to common shareholders	9,408	8,213
Noncontrolling interest	0	0
Total liabilities and shareholder's equity	167,104	153,411
CLOs
Assets:
Total investments and cash	0	0
Other assets	0	0
Assets held in consolidated investment entities	551	589
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	551	589
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	0	0
Other liabilities	0	0
Liabilities held in consolidated investment entities	551	589
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	551	589
Equity attributable to common shareholders	0	0
Noncontrolling interest	0	0
Total liabilities and shareholder's equity	551	589
LPs and VOEs
Assets:
Total investments and cash	0	0
Other assets	0	0
Assets held in consolidated investment entities	1,675	1,721
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	1,675	1,721
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	0	0
Other liabilities	0	0
Liabilities held in consolidated investment entities	607	646
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	607	646
Equity attributable to common shareholders	1,068	1,075
Noncontrolling interest	0	0
Total liabilities and shareholder's equity	1,675	1,721
CLOs Adjustments
Assets:
Total investments and cash	(32)	(7)
Other assets	0	0
Assets held in consolidated investment entities	0	0
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	(32)	(7)
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	0	0
Other liabilities	0	0
Liabilities held in consolidated investment entities	(32)	(7)
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	(32)	(7)
Equity attributable to common shareholders	0	0
Noncontrolling interest	0	0
Total liabilities and shareholder's equity	(32)	(7)
LPs and VOEs Adjustments
Assets:
Total investments and cash	(246)	(283)
Other assets	(1)	(1)
Assets held in consolidated investment entities	0	0
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	(247)	(284)
Liabilities and Shareholders' Equity:
Future policy benefits and contract owner account balances	0	0
Other liabilities	0	0
Liabilities held in consolidated investment entities	(1)	(1)
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	(1)	(1)
Equity attributable to common shareholders	(1,068)	(1,075)
Noncontrolling interest	822	792
Total liabilities and shareholder's equity	(247)	(284)
Cash and cash equivalents
Assets:
Assets held in consolidated investment entities	68	331
Limited Partnerships/Corporations, at fair value
Assets:
Assets held in consolidated investment entities	1,632	1,421
Other assets
Assets:
Assets held in consolidated investment entities	13	16
VIEs
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	2,063	2,201
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	1,124	1,221
VIEs | Cash and cash equivalents
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	68	331
VIEs | Corporate loans, at fair value using the fair value option
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	513	542
VIEs | Limited Partnerships/Corporations, at fair value
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	1,470	1,313
VIEs | Other assets
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	12	15
VIEs | CLO notes, at fair value using the fair value option
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	474	540
VIEs | Other liabilities
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	650	681
VOEs
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	163	109
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	2	7
VOEs | Limited Partnerships/Corporations, at fair value
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	162	108
VOEs | Other assets
Variable Interest Entity, Consolidated, Carrying Amount, Assets [Abstract]
Assets of consolidated investment entities	1	1
VOEs | Other liabilities
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities [Abstract]
Liabilities of consolidated investment entities	$ 2	$ 7

Consolidated Investment Entit_5

Consolidated Investment Entities - Consolidation of Investment Entities into the Consolidated Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Net investment income									$ 2,792	$ 2,669	$ 2,641
Fee income									1,969	1,982	1,889
Premiums									2,273	2,132	2,097
Total net realized capital gains (losses)									(166)	(355)	(209)
Other revenue									465	443	379
Income related to consolidated investment entities									143	292	432
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	7,476	7,163	7,229
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									3,750	3,526	3,658
Other expense									3,121	3,060	3,099
Operating expenses related to consolidated investment entities									45	49	87
Total benefits and expenses	1,744	1,726	1,726	1,720	1,725	1,661	1,596	1,653	6,916	6,635	6,844
Income (loss) from continuing operations before income taxes	66	149	243	102	126	229	165	8	560	528	385
Income tax expense (benefit)									(205)	37	687
Income (Loss) from continuing operations									765	491	(302)
Income (loss) from discontinued operations, net of tax	(1,084)	(4)	42	(20)	29	(32)	92	440	(1,066)	529	(2,473)
Net income (loss)	(766)	140	252	73	177	168	229	446	(301)	1,020	(2,775)
Less: Net income (loss) attributable to noncontrolling interest	6	19	26	(1)	57	26	62	0	50	145	217
Net income (loss) available to Voya Financial, Inc.	(772)	121	226	74	120	142	167	446	(351)	875	(2,992)
Less: Preferred stock dividends	4	14	0	10	0	0	0	0	28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders	$ (776)	$ 107	$ 226	$ 64	$ 120	$ 142	$ 167	$ 446	(379)	875	(2,992)
Before Consolidation
Revenues:
Net investment income									2,801	2,716	2,721
Fee income									2,008	2,033	1,937
Premiums									2,273	2,132	2,097
Total net realized capital gains (losses)									(166)	(355)	(209)
Other revenue									465	443	379
Income related to consolidated investment entities									(1)	0	0
Total revenues									7,380	6,969	6,925
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									3,750	3,526	3,658
Other expense									3,121	3,060	3,099
Operating expenses related to consolidated investment entities									(1)	0	0
Total benefits and expenses									6,870	6,586	6,757
Income (loss) from continuing operations before income taxes									510	383	168
Income tax expense (benefit)									(205)	37	687
Income (Loss) from continuing operations									715	346	(519)
Income (loss) from discontinued operations, net of tax									(1,066)	529	(2,473)
Net income (loss)									(351)	875	(2,992)
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									(351)	875	(2,992)
Less: Preferred stock dividends									28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									(379)	875	(2,992)
CLOs
Revenues:
Net investment income									0	0	0
Fee income									0	0	0
Premiums									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	0
Income related to consolidated investment entities									23	28	82
Total revenues									23	28	82
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									0	0	0
Other expense									0	0	0
Operating expenses related to consolidated investment entities									23	28	82
Total benefits and expenses									23	28	82
Income (loss) from continuing operations before income taxes									0	0	0
Income tax expense (benefit)									0	0	0
Income (Loss) from continuing operations									0	0	0
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss)									0	0	0
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									0	0	0
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									0	0	0
LPs and VOEs
Revenues:
Net investment income									0	0	0
Fee income									0	0	0
Premiums									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	0
Income related to consolidated investment entities									121	264	350
Total revenues									121	264	350
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									0	0	0
Other expense									0	0	0
Operating expenses related to consolidated investment entities									64	73	55
Total benefits and expenses									64	73	55
Income (loss) from continuing operations before income taxes									57	191	295
Income tax expense (benefit)									0	0	0
Income (Loss) from continuing operations									57	191	295
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss)									57	191	295
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									57	191	295
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									57	191	295
CLOs Adjustments
Revenues:
Net investment income									(1)	(1)	(2)
Fee income									(2)	(3)	(9)
Premiums									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	0
Income related to consolidated investment entities									0	0	0
Total revenues									(3)	(4)	(11)
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									0	0	0
Other expense									0	0	0
Operating expenses related to consolidated investment entities									(3)	(4)	(11)
Total benefits and expenses									(3)	(4)	(11)
Income (loss) from continuing operations before income taxes									0	0	0
Income tax expense (benefit)									0	0	0
Income (Loss) from continuing operations									0	0	0
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss)									0	0	0
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									0	0	0
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									0	0	0
LPs and VOEs Adjustments
Revenues:
Net investment income									(8)	(46)	(78)
Fee income									(37)	(48)	(39)
Premiums									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	0
Income related to consolidated investment entities									0	0	0
Total revenues									(45)	(94)	(117)
Benefits and expenses:
Policyholder benefits and Interest credited and other benefits to contract owners									0	0	0
Other expense									0	0	0
Operating expenses related to consolidated investment entities									(38)	(48)	(39)
Total benefits and expenses									(38)	(48)	(39)
Income (loss) from continuing operations before income taxes									(7)	(46)	(78)
Income tax expense (benefit)									0	0	0
Income (Loss) from continuing operations									(7)	(46)	(78)
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss)									(7)	(46)	(78)
Less: Net income (loss) attributable to noncontrolling interest									50	145	217
Net income (loss) available to Voya Financial, Inc.									(57)	(191)	(295)
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									$ (57)	$ (191)	$ (295)

Consolidated Investment Entit_6

Consolidated Investment Entities - Fair Value Measurement (Details) - USD ($) $ in Millions	Feb. 01, 2018	Dec. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Revolving lines of credit, capacity		$ 5,036
Outstanding borrowings		3,857
VIEs | Senior secured corporate loans
Variable Interest Entity [Line Items]
Unpaid principal exceeds fair value, amount		$ 18	$ 13
Default of collateral assets, percentage		1.00%	1.00%
Weighted average maturity on debt		6 years 7 months 6 days
VIEs | Senior secured corporate loans | Maximum
Variable Interest Entity [Line Items]
Basis spread		10.00%
VIEs | Senior secured corporate loans | LIBOR
Variable Interest Entity [Line Items]
Description of variable rate basis		LIBOR
VIEs | Senior secured corporate loans | LIBOR | Minimum
Variable Interest Entity [Line Items]
Basis spread		0.70%
VIEs | Senior secured corporate loans | LIBOR | Maximum
Variable Interest Entity [Line Items]
Basis spread		5.40%
VIEs | Senior secured corporate loans | EURIBOR
Variable Interest Entity [Line Items]
Description of variable rate basis		EURIBOR
VIEs | Senior secured corporate loans | Prime
Variable Interest Entity [Line Items]
Description of variable rate basis		PRIME
VOEs | Private Equity Funds
Variable Interest Entity [Line Items]
Revolving lines of credit, capacity		$ 669	$ 753
Renewal period for term loan		3 years
Outstanding borrowings		$ 602	$ 584
VOEs | Private Equity Funds | Minimum
Variable Interest Entity [Line Items]
Basis spread		150.00%
VOEs | Private Equity Funds | Maximum
Variable Interest Entity [Line Items]
Basis spread		200.00%	200.00%
VOEs | LIBOR | Private Equity Funds
Variable Interest Entity [Line Items]
Description of variable rate basis		LIBOR
VOEs | EURIBOR | Private Equity Funds
Variable Interest Entity [Line Items]
Description of variable rate basis		EURIBOR
Nonconsolidated VIEs
Variable Interest Entity [Line Items]
Ownership interest in unconsolidated CLO		$ 377	$ 468
Credit Suisse | VOEs | Private Equity Funds
Variable Interest Entity [Line Items]
Basis spread	325.00%
Revolving lines of credit, capacity		25
Outstanding borrowings		$ 3
Term of revolving credit agreement	3 years
Commitment fee	16000.00%

Consolidated Investment Entit_7

Consolidated Investment Entities - Fair Value Hierarchy (Details) - Assets measured on recurring basis - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
NAV	$ 1,632	$ 1,421
Assets, including NAV	2,213	2,294
Liabilities	474	540
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	68	331
Liabilities	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	513	542
Liabilities	474	540
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
Liabilities	0	0
VIEs | Cash and cash equivalents
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	68	331
VIEs | Cash and cash equivalents | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	68	331
VIEs | Cash and cash equivalents | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | Cash and cash equivalents | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | Corporate loans, at fair value using the fair value option
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	513	542
VIEs | Corporate loans, at fair value using the fair value option | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | Corporate loans, at fair value using the fair value option | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	513	542
VIEs | Corporate loans, at fair value using the fair value option | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | Limited Partnerships/Corporations, at fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
NAV	1,470	1,313
Assets, including NAV	1,470	1,313
VIEs | Limited Partnerships/Corporations, at fair value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0
VIEs | Limited Partnerships/Corporations, at fair value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | Limited Partnerships/Corporations, at fair value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VIEs | CLO notes, at fair value using the fair value option
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	474	540
VIEs | CLO notes, at fair value using the fair value option | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	0	0
VIEs | CLO notes, at fair value using the fair value option | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	474	540
VIEs | CLO notes, at fair value using the fair value option | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities	0	0
VOEs | Limited Partnerships/Corporations, at fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
NAV	162	108
Assets, including NAV	162	108
VOEs | Limited Partnerships/Corporations, at fair value | Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VOEs | Limited Partnerships/Corporations, at fair value | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	0	0
VOEs | Limited Partnerships/Corporations, at fair value | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets	$ 0	$ 0

Consolidated Investment Entit_8

Consolidated Investment Entities - Maximum Exposure to Loss (Details) - Nonconsolidated VIEs - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Fixed maturities, available-for-sale
Variable Interest Entity [Line Items]
Carrying Amount	$ 377	$ 466
Maximum exposure to loss	377	466
Limited partnerships/corporations, at fair value
Variable Interest Entity [Line Items]
Carrying Amount	1,290	982
Maximum exposure to loss	$ 1,290	$ 982

Restructuring Restructuring - R

Restructuring Restructuring - Restructuring Expense by Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense		$ 55	$ 4
Cumulative Amounts Incurred to Date	$ 260
2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	8	30	82
Cumulative Amounts Incurred to Date	154
Severance Benefits | Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	39	15	4
Cumulative Amounts Incurred to Date	58
Severance Benefits | 2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	0	9	34	$ 26
Cumulative Amounts Incurred to Date	69
Asset write-off costs | 2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	0	1	16
Cumulative Amounts Incurred to Date	17
Transition Costs | 2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	0	7	17
Cumulative Amounts Incurred to Date	24
Other costs | Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	162	40	0
Cumulative Amounts Incurred to Date	202
Other costs | 2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	8	13	$ 15	$ 8
Cumulative Amounts Incurred to Date	44
Continuing Operations | Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Total restructuring expense	$ 201	$ 49

Restructuring Restructuring - A

Restructuring Restructuring - Accrued Liability for Restructuring Expense (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Organizational restructuring
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	$ 21
Provision	201
Payments	(167)
Accrued liability as of December 31, 2018	55
Organizational restructuring | Severance Benefits
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	12
Provision	39
Payments	(21)
Accrued liability as of December 31, 2018	30
Organizational restructuring | Other Costs
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	9
Provision	162
Payments	(146)
Accrued liability as of December 31, 2018	25
2016 Restructuring
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	24
Provision	8
Payments	(20)
Accrued liability as of December 31, 2018	12
2016 Restructuring | Severance Benefits
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	8
Provision	0
Payments	(4)
Accrued liability as of December 31, 2018	4
2016 Restructuring | Transition Costs
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	14
Provision	0
Payments	(6)
Accrued liability as of December 31, 2018	8
2016 Restructuring | Other Costs
Restructuring Reserve [Roll Forward]
Accrued liability as of January 1, 2018	2
Provision	8
Payments	(10)
Accrued liability as of December 31, 2018	$ 0

Restructuring Restructuring - N

Restructuring Restructuring - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
2016 Restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 8	$ 30	$ 82
Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges		55	$ 4
Organizational restructuring | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, expected cost	250
Organizational restructuring | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, expected cost	300
Continuing Operations | Organizational restructuring
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 201	$ 49

Segments - Narrative (Details)

Segments - Narrative (Details)	12 Months Ended
	Dec. 31, 2019segments
Segment Reporting [Abstract]
Number of operating segments	3

Segments - Operating Earnings B

Segments - Operating Earnings Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes	$ 66	$ 149	$ 243	$ 102	$ 126	$ 229	$ 165	$ 8	$ 560	$ 528	$ 385
Income (loss) attributable to noncontrolling interests	6	19	26	(1)	57	26	62	0	50	145	217
Less: Preferred stock dividends	$ 4	$ 14	$ 0	$ 10	$ 0	$ 0	$ 0	$ 0	28	0	0
Corporate
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes											(539)
Operating Segments
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes									591	651	292
Operating Segments | Retirement
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes									588	701	456
Operating Segments | Investment Management
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes									180	205	248
Operating Segments | Employee Benefits
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes									199	160	127
Operating Segments | Corporate
Segment Reporting Information [Line Items]
Adjusted operating earnings before income taxes									(376)	(415)
Segment Reconciling Items
Segment Reporting Information [Line Items]
Income (loss) from continuing operations before income taxes									(31)	(123)	93
Net investment gains (losses) and related charges and adjustments									25	(124)	(112)
Net guaranteed benefit hedging gains (losses) and related charges and adjustments									(14)	62	46
Income (loss) related to businesses exited or to be exited through reinsurance or divestment									98	(40)	59
Income (loss) attributable to noncontrolling interests									50	145	217
Income (loss) related to early extinguishment of debt									(12)	(40)	(4)
Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments									3	(47)	(16)
Other adjustments to operating earnings									$ (209)	$ (79)	$ (97)

Segments - Operating Revenues (

Segments - Operating Revenues (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	$ 7,476	$ 7,163	$ 7,229
Operating Segments
Segment Reporting Information [Line Items]
Total revenues									5,510	5,350	5,183
Segment Reconciling Items
Segment Reporting Information [Line Items]
Total revenues									1,966	1,813	2,046
Net realized investment gains (losses) and related charges and adjustments									18	(148)	(132)
Gain (loss) on change in fair value of derivatives related to guaranteed benefits									(13)	63	46
Revenues related to business exited through reinsurance or divestment									1,531	1,446	1,618
Revenues attributable to noncontrolling interest									109	214	321
Other adjustments									321	238	193
Retirement | Operating Segments
Segment Reporting Information [Line Items]
Total revenues									2,712	2,727	2,538
Investment Management | Operating Segments
Segment Reporting Information [Line Items]
Total revenues									675	683	731
Investment Management | Intersegment
Segment Reporting Information [Line Items]
Total revenues									104	101	103
Employee Benefits | Operating Segments
Segment Reporting Information [Line Items]
Total revenues									2,026	1,849	1,767
Corporate
Segment Reporting Information [Line Items]
Total revenues									$ 97	$ 91	$ 147

Segments - Total Assets (Detail

Segments - Total Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Total assets	$ 169,051	$ 155,430
Total assets, excluding assets held for sale	148,982	135,385
Assets held for sale	20,069	20,045
Corporate
Segment Reporting Information [Line Items]
Total assets	25,206	25,185
Total Voya Financial, Inc. Shareholders' Equity | Total Segment
Segment Reporting Information [Line Items]
Total assets	147,092	133,430
Consolidation of investment entities
Segment Reporting Information [Line Items]
Total assets	1,890	1,955
Operating Segments | Retirement
Segment Reporting Information [Line Items]
Total assets	118,024	104,995
Operating Segments | Investment Management
Segment Reporting Information [Line Items]
Total assets	745	690
Operating Segments | Employee Benefits
Segment Reporting Information [Line Items]
Total assets	$ 3,117	$ 2,560

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Narrative (Details)	Dec. 31, 2019	Dec. 31, 2018	Jan. 23, 2018	Jul. 05, 2017	Mar. 17, 2015	May 16, 2013
Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan					1.875%
5.7% Senior Notes, due 2043 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan	5.70%	5.70%
3.65% Senior Notes, due 2026 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan	3.65%	3.65%
4.8% Senior Notes, due 2046 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan	4.80%	4.80%
3.125% Senior Notes, due 2024 | Senior Notes
Debt Instrument [Line Items]
Annual interest rate on loan	3.125%	3.125%		3.125%
5.65% Fixed-to-Floating Rate Junior Subordinated Notes, due 2053 | Junior Subordinated Notes
Debt Instrument [Line Items]
Annual interest rate on loan	5.65%	5.65%				5.65%
4.7% Fixed-to-Floating Rate Junior Subordinated Notes, due 2048 | Junior Subordinated Notes
Debt Instrument [Line Items]
Annual interest rate on loan	4.70%	4.70%	4.70%
Voya Holdings Inc.
Debt Instrument [Line Items]
Ownership percentage by the company	100.00%

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information - Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Investments:
Fixed maturities, available-for-sale, at fair value	$ 39,663	$ 36,897
Fixed maturities, at fair value using the fair value option	2,707	2,233
Equity securities, at fair value	196	247
Short-term investments	68	126
Mortgage loans on real estate, net of valuation allowance	6,878	7,281
Policy loans	776	814
Limited partnerships/corporations	1,290	982
Derivatives	316	194
Investments in subsidiaries	0	0
Other investments	385	379
Total investments	53,687	50,615
Cash and cash equivalents	1,181	1,237	$ 854
Short-term investments under securities loan agreements, including collateral delivered	1,395	1,293
Accrued investment income	505	529
Premium receivable and reinsurance recoverable	3,732	3,843
Deferred policy acquisition costs, Value of business acquired	2,226	2,973	2,491	$ 2,888
Current income taxes	0	17
Deferred income taxes	1,458	1,610
Loans to subsidiaries and affiliates	0	0
Due from subsidiaries and affiliates	0	0
Other assets	902	1,027
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	2,226	2,310
Assets held in separate accounts	81,670	69,931
Assets held for sale	20,069	20,045
Total assets	169,051	155,430
Liabilities and Shareholders' Equity:
Future policy benefits	9,945	9,587
Contract owner account balances	40,923	41,183
Payables under securities loan agreement, including collateral held	1,373	1,366
Short-term debt	1	1
Long-term debt	3,042	3,136
Derivatives	403	164
Pension and other post-employment provisions	468	551
Current income taxes	27	0
Due to subsidiaries and affiliates	0	0
Other liabilities	1,345	1,375
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	474	540
Other liabilities	652	688
Liabilities related to separate accounts	81,670	69,931
Liabilities held for sale	18,498	17,903
Total liabilities	158,821	146,425
Shareholders' equity:
Total Voya Financial, Inc. shareholders' equity	9,408	8,213
Noncontrolling interest	822	792
Total shareholder's equity	10,230	9,005
Total liabilities and shareholder's equity	169,051	155,430
Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	1,632	1,421
Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	68	331
Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	513	542
Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	13	16
Consolidating Adjustments
Investments:
Fixed maturities, available-for-sale, at fair value	(15)	(15)
Fixed maturities, at fair value using the fair value option	0	0
Equity securities, at fair value	0	0
Short-term investments	0	0
Mortgage loans on real estate, net of valuation allowance	0	0
Policy loans	0	0
Limited partnerships/corporations	0	0
Derivatives	0	0
Investments in subsidiaries	(19,496)	(17,159)
Other investments	0	0
Total investments	(19,511)	(17,174)
Cash and cash equivalents	0	0	0
Short-term investments under securities loan agreements, including collateral delivered	0	0
Accrued investment income	0	0
Premium receivable and reinsurance recoverable	0	0
Deferred policy acquisition costs, Value of business acquired	0	0
Current income taxes		0
Deferred income taxes	0	0
Loans to subsidiaries and affiliates	(233)	(83)
Due from subsidiaries and affiliates	(8)	(5)
Other assets	0	0
Assets related to consolidated investment entities:
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	(19,752)	(17,262)
Liabilities and Shareholders' Equity:
Future policy benefits	0	0
Contract owner account balances	0	0
Payables under securities loan agreement, including collateral held	0	0
Short-term debt	(233)	(83)
Long-term debt	(15)	(15)
Derivatives	0	0
Pension and other post-employment provisions	0	0
Current income taxes	0
Due to subsidiaries and affiliates	(6)	(3)
Other liabilities	(2)	(2)
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	0	0
Other liabilities	0	0
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	(256)	(103)
Shareholders' equity:
Total Voya Financial, Inc. shareholders' equity	(19,496)	(17,159)
Noncontrolling interest	0	0
Total shareholder's equity	(19,496)	(17,159)
Total liabilities and shareholder's equity	(19,752)	(17,262)
Consolidating Adjustments | Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Consolidating Adjustments | Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Consolidating Adjustments | Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Consolidating Adjustments | Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Parent Issuer
Investments:
Fixed maturities, available-for-sale, at fair value	5	0
Fixed maturities, at fair value using the fair value option	0	0
Equity securities, at fair value	0	99
Short-term investments	0	0
Mortgage loans on real estate, net of valuation allowance	0	0
Policy loans	0	0
Limited partnerships/corporations	4	0
Derivatives	49	39
Investments in subsidiaries	11,003	10,099
Other investments	0	0
Total investments	11,061	10,237
Cash and cash equivalents	212	209	244
Short-term investments under securities loan agreements, including collateral delivered	11	11
Accrued investment income	0	0
Premium receivable and reinsurance recoverable	0	0
Deferred policy acquisition costs, Value of business acquired	0	0
Current income taxes		(37)
Deferred income taxes	816	553
Loans to subsidiaries and affiliates	164	79
Due from subsidiaries and affiliates	2	2
Other assets	7	13
Assets related to consolidated investment entities:
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	12,273	11,067
Liabilities and Shareholders' Equity:
Future policy benefits	0	0
Contract owner account balances	0	0
Payables under securities loan agreement, including collateral held	0	0
Short-term debt	69	4
Long-term debt	2,669	2,763
Derivatives	50	39
Pension and other post-employment provisions	0	0
Current income taxes	28
Due to subsidiaries and affiliates	4	1
Other liabilities	45	47
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	0	0
Other liabilities	0	0
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	2,865	2,854
Shareholders' equity:
Total Voya Financial, Inc. shareholders' equity	9,408	8,213
Noncontrolling interest	0	0
Total shareholder's equity	9,408	8,213
Total liabilities and shareholder's equity	12,273	11,067
Parent Issuer | Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Parent Issuer | Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Parent Issuer | Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Parent Issuer | Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Subsidiary Guarantor
Investments:
Fixed maturities, available-for-sale, at fair value	0	0
Fixed maturities, at fair value using the fair value option	0	0
Equity securities, at fair value	0	0
Short-term investments	0	0
Mortgage loans on real estate, net of valuation allowance	0	0
Policy loans	0	0
Limited partnerships/corporations	0	0
Derivatives	0	0
Investments in subsidiaries	8,493	7,060
Other investments	0	0
Total investments	8,493	7,060
Cash and cash equivalents	0	2	1
Short-term investments under securities loan agreements, including collateral delivered	0	0
Accrued investment income	0	0
Premium receivable and reinsurance recoverable	0	0
Deferred policy acquisition costs, Value of business acquired	0	0
Current income taxes		26
Deferred income taxes	39	22
Loans to subsidiaries and affiliates	0	0
Due from subsidiaries and affiliates	0	0
Other assets	0	0
Assets related to consolidated investment entities:
Assets held in separate accounts	0	0
Assets held for sale	0	0
Total assets	8,532	7,110
Liabilities and Shareholders' Equity:
Future policy benefits	0	0
Contract owner account balances	0	0
Payables under securities loan agreement, including collateral held	0	0
Short-term debt	87	0
Long-term debt	371	371
Derivatives	0	0
Pension and other post-employment provisions	0	0
Current income taxes	(17)
Due to subsidiaries and affiliates	0	0
Other liabilities	10	55
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	0	0
Other liabilities	0	0
Liabilities related to separate accounts	0	0
Liabilities held for sale	0	0
Total liabilities	451	426
Shareholders' equity:
Total Voya Financial, Inc. shareholders' equity	8,081	6,684
Noncontrolling interest	0	0
Total shareholder's equity	8,081	6,684
Total liabilities and shareholder's equity	8,532	7,110
Subsidiary Guarantor | Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Subsidiary Guarantor | Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Subsidiary Guarantor | Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Subsidiary Guarantor | Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	0	0
Non-Guarantor Subsidiaries
Investments:
Fixed maturities, available-for-sale, at fair value	39,673	36,912
Fixed maturities, at fair value using the fair value option	2,707	2,233
Equity securities, at fair value	196	148
Short-term investments	68	126
Mortgage loans on real estate, net of valuation allowance	6,878	7,281
Policy loans	776	814
Limited partnerships/corporations	1,286	982
Derivatives	267	155
Investments in subsidiaries	0	0
Other investments	385	379
Total investments	53,644	50,492
Cash and cash equivalents	969	1,026	$ 609
Short-term investments under securities loan agreements, including collateral delivered	1,384	1,282
Accrued investment income	505	529
Premium receivable and reinsurance recoverable	3,732	3,843
Deferred policy acquisition costs, Value of business acquired	2,226	2,973
Current income taxes		28
Deferred income taxes	603	1,035
Loans to subsidiaries and affiliates	69	4
Due from subsidiaries and affiliates	6	3
Other assets	895	1,014
Assets related to consolidated investment entities:
Assets held in separate accounts	81,670	69,931
Assets held for sale	20,069	20,045
Total assets	167,998	154,515
Liabilities and Shareholders' Equity:
Future policy benefits	9,945	9,587
Contract owner account balances	40,923	41,183
Payables under securities loan agreement, including collateral held	1,373	1,366
Short-term debt	78	80
Long-term debt	17	17
Derivatives	353	125
Pension and other post-employment provisions	468	551
Current income taxes	16
Due to subsidiaries and affiliates	2	2
Other liabilities	1,292	1,275
Liabilities related to consolidated investment entities:
Collateralized loan obligations notes, at fair value using the fair value option	474	540
Other liabilities	652	688
Liabilities related to separate accounts	81,670	69,931
Liabilities held for sale	18,498	17,903
Total liabilities	155,761	143,248
Shareholders' equity:
Total Voya Financial, Inc. shareholders' equity	11,415	10,475
Noncontrolling interest	822	792
Total shareholder's equity	12,237	11,267
Total liabilities and shareholder's equity	167,998	154,515
Non-Guarantor Subsidiaries | Limited partnerships/corporations, at fair value
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	1,632	1,421
Non-Guarantor Subsidiaries | Cash and cash equivalents
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	68	331
Non-Guarantor Subsidiaries | Corporate loans, at fair value using the fair value option
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	513	542
Non-Guarantor Subsidiaries | Other assets
Assets related to consolidated investment entities:
Assets held in consolidated investment entities	13	16
Collateral pledged
Investments:
Securities pledged	1,408	1,462
Collateral pledged | Consolidating Adjustments
Investments:
Securities pledged	0	0
Collateral pledged | Parent Issuer
Investments:
Securities pledged	0	0
Collateral pledged | Subsidiary Guarantor
Investments:
Securities pledged	0	0
Collateral pledged | Non-Guarantor Subsidiaries
Investments:
Securities pledged	$ 1,408	$ 1,462

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Net investment income									$ 2,792	$ 2,669	$ 2,641
Fee income									1,969	1,982	1,889
Premiums									2,273	2,132	2,097
Net realized capital gains (losses):
Total other-than-temporary impairments									(65)	(27)	(29)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									(1)	1	(9)
Net other-than-temporary impairments recognized in earnings									(64)	(28)	(20)
Other net realized capital gains (losses)									(102)	(327)	(189)
Total net realized capital gains (losses)									(166)	(355)	(209)
Other revenue									465	443	379
Income (loss) related to consolidated investment entities:
Net investment income									143	292	432
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	7,476	7,163	7,229
Benefits and expenses:
Policyholder benefits									2,583	2,364	2,422
Interest credited to contract owner account balances									1,167	1,162	1,236
Operating expenses									2,746	2,606	2,562
Net amortization of Deferred policy acquisition costs and Value of business acquired									199	233	353
Interest expense									176	221	184
Operating expenses related to consolidated investment entities									45	49	87
Interest expense									38	41	80
Other expense									7	8	7
Total benefits and expenses	1,744	1,726	1,726	1,720	1,725	1,661	1,596	1,653	6,916	6,635	6,844
Income (loss) from continuing operations before income taxes	66	149	243	102	126	229	165	8	560	528	385
Income tax expense (benefit)									(205)	37	687
Income (loss) from continuing operations									765	491	(302)
Income (loss) from discontinued operations, net of tax	(1,084)	(4)	42	(20)	29	(32)	92	440	(1,066)	529	(2,473)
Net income (loss) before equity in earnings (losses) of subsidiaries									(301)	1,020	(2,775)
Equity in earnings (losses) of subsidiaries, net of tax									0	0	0
Net income (loss)	(766)	140	252	73	177	168	229	446	(301)	1,020	(2,775)
Less: Net income (loss) attributable to noncontrolling interest	6	19	26	(1)	57	26	62	0	50	145	217
Net income (loss) available to Voya Financial, Inc.	(772)	121	226	74	120	142	167	446	(351)	875	(2,992)
Less: Preferred stock dividends	4	14	0	10	0	0	0	0	28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders	$ (776)	$ 107	$ 226	$ 64	$ 120	$ 142	$ 167	$ 446	(379)	875	(2,992)
Consolidating Adjustments
Revenues:
Net investment income									(12)	(9)	(13)
Fee income									0	0	0
Premiums									0	0	0
Net realized capital gains (losses):
Total other-than-temporary impairments									0	0	0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									0	0	0
Net other-than-temporary impairments recognized in earnings									0	0	0
Other net realized capital gains (losses)									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	0
Income (loss) related to consolidated investment entities:
Net investment income									0	0	0
Total revenues									(12)	(9)	(13)
Benefits and expenses:
Policyholder benefits									0	0	0
Interest credited to contract owner account balances									0	0	0
Operating expenses									0	0	0
Net amortization of Deferred policy acquisition costs and Value of business acquired									0	0	0
Interest expense									(12)	(9)	(13)
Interest expense									0	0	0
Other expense									0	0	0
Total benefits and expenses									(12)	(9)	(13)
Income (loss) from continuing operations before income taxes									0	0	0
Income tax expense (benefit)									0	(339)	0
Income (loss) from continuing operations									0	339	0
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss) before equity in earnings (losses) of subsidiaries									0	339	0
Equity in earnings (losses) of subsidiaries, net of tax									72	(2,680)	5,379
Net income (loss)									72	(2,341)	5,379
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									72	(2,341)	5,379
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									72	(2,341)	5,379
Parent Issuer
Revenues:
Net investment income									39	1	33
Fee income									0	0	0
Premiums									0	0	0
Net realized capital gains (losses):
Total other-than-temporary impairments									0	0	0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									0	0	0
Net other-than-temporary impairments recognized in earnings									0	0	0
Other net realized capital gains (losses)									(1)	0	0
Total net realized capital gains (losses)									(1)	0	0
Other revenue									0	(5)	8
Income (loss) related to consolidated investment entities:
Net investment income									0	0	0
Total revenues									38	(4)	41
Benefits and expenses:
Policyholder benefits									0	0	0
Interest credited to contract owner account balances									0	0	0
Operating expenses									12	11	9
Net amortization of Deferred policy acquisition costs and Value of business acquired									0	0	0
Interest expense									151	175	155
Interest expense									0	0	0
Other expense									0	0	0
Total benefits and expenses									163	186	164
Income (loss) from continuing operations before income taxes									(125)	(190)	(123)
Income tax expense (benefit)									(277)	0	113
Income (loss) from continuing operations									152	(190)	(236)
Income (loss) from discontinued operations, net of tax									0	0	0
Net income (loss) before equity in earnings (losses) of subsidiaries									152	(190)	(236)
Equity in earnings (losses) of subsidiaries, net of tax									(503)	1,065	(2,756)
Net income (loss)									(351)	875	(2,992)
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									(351)	875	(2,992)
Less: Preferred stock dividends									28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									(379)	875	(2,992)
Subsidiary Guarantor
Revenues:
Net investment income									0	1	0
Fee income									0	0	0
Premiums									0	0	0
Net realized capital gains (losses):
Total other-than-temporary impairments									0	0	0
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									0	0	0
Net other-than-temporary impairments recognized in earnings									0	0	0
Other net realized capital gains (losses)									0	0	0
Total net realized capital gains (losses)									0	0	0
Other revenue									0	0	1
Income (loss) related to consolidated investment entities:
Net investment income									0	0	0
Total revenues									0	1	1
Benefits and expenses:
Policyholder benefits									0	0	0
Interest credited to contract owner account balances									0	0	0
Operating expenses									0	0	0
Net amortization of Deferred policy acquisition costs and Value of business acquired									0	0	0
Interest expense									29	53	37
Interest expense									0	0	0
Other expense									0	0	0
Total benefits and expenses									29	53	37
Income (loss) from continuing operations before income taxes									(29)	(52)	(36)
Income tax expense (benefit)									(27)	(24)	3
Income (loss) from continuing operations									(2)	(28)	(39)
Income (loss) from discontinued operations, net of tax									(83)	0	0
Net income (loss) before equity in earnings (losses) of subsidiaries									(85)	(28)	(39)
Equity in earnings (losses) of subsidiaries, net of tax									431	1,615	(2,623)
Net income (loss)									346	1,587	(2,662)
Less: Net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) available to Voya Financial, Inc.									346	1,587	(2,662)
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									346	1,587	(2,662)
Non-Guarantor Subsidiaries
Revenues:
Net investment income									2,765	2,676	2,621
Fee income									1,969	1,982	1,889
Premiums									2,273	2,132	2,097
Net realized capital gains (losses):
Total other-than-temporary impairments									(65)	(27)	(29)
Less: Portion of other-than-temporary impairments recognized in Other comprehensive income (loss)									(1)	1	(9)
Net other-than-temporary impairments recognized in earnings									(64)	(28)	(20)
Other net realized capital gains (losses)									(101)	(327)	(189)
Total net realized capital gains (losses)									(165)	(355)	(209)
Other revenue									465	448	370
Income (loss) related to consolidated investment entities:
Net investment income									143	292	432
Total revenues									7,450	7,175	7,200
Benefits and expenses:
Policyholder benefits									2,583	2,364	2,422
Interest credited to contract owner account balances									1,167	1,162	1,236
Operating expenses									2,734	2,595	2,553
Net amortization of Deferred policy acquisition costs and Value of business acquired									199	233	353
Interest expense									8	2	5
Interest expense									38	41	80
Other expense									7	8	7
Total benefits and expenses									6,736	6,405	6,656
Income (loss) from continuing operations before income taxes									714	770	544
Income tax expense (benefit)									99	400	571
Income (loss) from continuing operations									615	370	(27)
Income (loss) from discontinued operations, net of tax									(983)	529	(2,473)
Net income (loss) before equity in earnings (losses) of subsidiaries									(368)	899	(2,500)
Equity in earnings (losses) of subsidiaries, net of tax									0	0	0
Net income (loss)									(368)	899	(2,500)
Less: Net income (loss) attributable to noncontrolling interest									50	145	217
Net income (loss) available to Voya Financial, Inc.									(418)	754	(2,717)
Less: Preferred stock dividends									0	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									$ (418)	$ 754	$ (2,717)

Condensed Consolidating Finan_6

Condensed Consolidating Financial Information - Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (766)	$ 140	$ 252	$ 73	$ 177	$ 168	$ 229	$ 446	$ (301)	$ 1,020	$ (2,775)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									3,013	(2,810)	1,191
Other-than-temporary impairments									3	32	(2)
Pension and other postretirement benefits liability									(4)	(11)	(15)
Other comprehensive income (loss), before tax									3,012	(2,789)	1,174
Income tax expense (benefit) related to items of other comprehensive income (loss)									631	(693)	364
Other comprehensive income (loss), after tax									2,381	(2,096)	810
Comprehensive income (loss)									2,080	(1,076)	(1,965)
Less: Comprehensive income (loss) attributable to noncontrolling interest									50	145	217
Comprehensive income (loss) attributable to Voya Financial, Inc.									2,030	(1,221)	(2,182)
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									72	(2,341)	5,379
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									(5,303)	4,953	(2,004)
Other-than-temporary impairments									(5)	(62)	7
Pension and other postretirement benefits liability									6	13	18
Other comprehensive income (loss), before tax									(5,302)	4,904	(1,979)
Income tax expense (benefit) related to items of other comprehensive income (loss)									(1,110)	1,106	(622)
Other comprehensive income (loss), after tax									(4,192)	3,798	(1,357)
Comprehensive income (loss)									(4,120)	1,457	4,022
Less: Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income (loss) attributable to Voya Financial, Inc.									(4,120)	1,457	4,022
Parent Issuer
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(351)	875	(2,992)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									3,013	(2,810)	1,191
Other-than-temporary impairments									3	32	(2)
Pension and other postretirement benefits liability									(4)	(11)	(15)
Other comprehensive income (loss), before tax									3,012	(2,789)	1,174
Income tax expense (benefit) related to items of other comprehensive income (loss)									631	(693)	364
Other comprehensive income (loss), after tax									2,381	(2,096)	810
Comprehensive income (loss)									2,030	(1,221)	(2,182)
Less: Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income (loss) attributable to Voya Financial, Inc.									2,030	(1,221)	(2,182)
Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									346	1,587	(2,662)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									2,290	(2,143)	813
Other-than-temporary impairments									2	30	(5)
Pension and other postretirement benefits liability									(2)	(2)	(3)
Other comprehensive income (loss), before tax									2,290	(2,115)	805
Income tax expense (benefit) related to items of other comprehensive income (loss)									479	(412)	258
Other comprehensive income (loss), after tax									1,811	(1,703)	547
Comprehensive income (loss)									2,157	(116)	(2,115)
Less: Comprehensive income (loss) attributable to noncontrolling interest									0	0	0
Comprehensive income (loss) attributable to Voya Financial, Inc.									2,157	(116)	(2,115)
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(368)	899	(2,500)
Other comprehensive income (loss), before tax:
Unrealized gains (losses) on securities									3,013	(2,810)	1,191
Other-than-temporary impairments									3	32	(2)
Pension and other postretirement benefits liability									(4)	(11)	(15)
Other comprehensive income (loss), before tax									3,012	(2,789)	1,174
Income tax expense (benefit) related to items of other comprehensive income (loss)									631	(694)	364
Other comprehensive income (loss), after tax									2,381	(2,095)	810
Comprehensive income (loss)									2,013	(1,196)	(1,690)
Less: Comprehensive income (loss) attributable to noncontrolling interest									50	145	217
Comprehensive income (loss) attributable to Voya Financial, Inc.									$ 1,963	$ (1,341)	$ (1,907)

Condensed Consolidating Finan_7

Condensed Consolidating Financial Information - Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	$ 1,310	$ 1,868	$ 1,582
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	6,423	6,419	7,001
Equity securities	163	152	54
Mortgage loans on real estate	1,153	895	851
Limited partnerships/corporations	205	318	211
Acquisition of:
Fixed maturities	(6,455)	(7,513)	(6,445)
Equity securities, available-for-sale	(55)	(57)	(45)
Mortgage loans on real estate	(760)	(643)	(1,478)
Limited partnerships/corporations	(403)	(318)	(302)
Short-term investments, net	58	273	(28)
Derivatives, net	(29)	72	203
Sales from consolidated investment entities	586	1,365	2,047
Purchases within consolidated investment entities	(1,385)	(994)	(2,036)
Issuance of intercompany loans with maturities more than three months			0
Maturity of intercompany loans with maturities more than three months			0
Maturity (issuance) of short-term intercompany loans, net	0	0	0
Return of capital contributions and dividends from subsidiaries	0	0	0
Capital contributions to subsidiaries	0	0	0
Collateral received (delivered), net	(95)	(28)	(205)
Other, net	(35)	(9)	5
Net cash provided by (used in) investing activities - discontinued operations	(626)	(214)	(2,261)
Net cash used in investing activities	(1,255)	(282)	(2,428)
Cash Flows from Financing Activities:
Deposits received for investment contracts	4,383	4,884	3,593
Maturities and withdrawals from investment contracts	(5,180)	(4,799)	(4,763)
Settlements on deposit contracts	(8)	(10)	0
Proceeds from issuance of debt with maturities of more than three months	0	288	338
Repayment of debt with maturities of more than three months	(113)	(677)	(461)
Debt issuance costs	0	(6)	(3)
Repayments of intercompany loans with maturities of more than three months			0
Proceeds of intercompany loans with maturities of more than three months			0
Net proceeds from (repayments of) short-term loans to subsidiaries	0	0	0
Return of capital contributions and dividends to parent	0	0	0
Contributions of capital from parent	0	0	0
Borrowings of consolidated investment entities	1,106	773	967
Repayments of borrowings of consolidated investment entities	(903)	(656)	(804)
Contributions from (distributions to) participants in consolidated investment entities	715	(166)	449
Proceeds from issuance of common stock, net	3	3	3
Proceeds from issuance of preferred stock, net	293	319	0
Share-based compensation	(22)	(14)	(8)
Common stock acquired - Share repurchase	(1,136)	(1,025)	(923)
Dividends paid on common stock	(44)	(6)	(8)
Dividends paid on preferred stock	(28)	0	0
Net cash provided by financing activities - discontinued operations	813	(672)	1,271
Net cash used in financing activities	(121)	(1,764)	(349)
Net increase (decrease) in cash and cash equivalents	(66)	(178)	(1,195)
Cash and cash equivalents, beginning of period	1,538	1,716	2,911
Cash and cash equivalents, end of period	1,472	1,538	1,716
Less: Cash and cash equivalents of discontinued operations, end of period	291	301	862
Cash and cash equivalents of continuing operations, end of period	1,181	1,237	854
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(455)	(394)	(232)
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	0	0	0
Equity securities	0	0	0
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	0	0	0
Acquisition of:
Fixed maturities	0	0	0
Equity securities, available-for-sale	0	0	0
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	0	0	0
Short-term investments, net	0	0	0
Derivatives, net	0	0	0
Sales from consolidated investment entities	0	0	0
Purchases within consolidated investment entities	0	0	0
Issuance of intercompany loans with maturities more than three months			34
Maturity of intercompany loans with maturities more than three months			(34)
Maturity (issuance) of short-term intercompany loans, net	150	(525)	321
Return of capital contributions and dividends from subsidiaries	(1,501)	(1,306)	(2,044)
Capital contributions to subsidiaries	60	110	514
Collateral received (delivered), net	0	0	0
Other, net	0	0	0
Net cash provided by (used in) investing activities - discontinued operations	0	0	0
Net cash used in investing activities	(1,291)	(1,721)	(1,209)
Cash Flows from Financing Activities:
Deposits received for investment contracts	0	0	0
Maturities and withdrawals from investment contracts	0	0	0
Settlements on deposit contracts	0	0
Proceeds from issuance of debt with maturities of more than three months		0	0
Repayment of debt with maturities of more than three months	0	0	0
Debt issuance costs		0	0
Repayments of intercompany loans with maturities of more than three months			34
Proceeds of intercompany loans with maturities of more than three months			(34)
Net proceeds from (repayments of) short-term loans to subsidiaries	(151)	525	(321)
Return of capital contributions and dividends to parent	1,957	1,700	2,276
Contributions of capital from parent	(60)	(110)	(514)
Borrowings of consolidated investment entities	0	0	0
Repayments of borrowings of consolidated investment entities	0	0	0
Contributions from (distributions to) participants in consolidated investment entities	0	0	0
Proceeds from issuance of common stock, net	0	0	0
Proceeds from issuance of preferred stock, net	0	0
Share-based compensation	0	0	0
Common stock acquired - Share repurchase	0	0	0
Dividends paid on common stock	0	0	0
Dividends paid on preferred stock	0
Net cash provided by financing activities - discontinued operations	0	0	0
Net cash used in financing activities	1,746	2,115	1,441
Net increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents, beginning of period	0	0	0
Cash and cash equivalents, end of period	0	0	0
Less: Cash and cash equivalents of discontinued operations, end of period	0	0	0
Cash and cash equivalents of continuing operations, end of period	0	0	0
Parent Issuer
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	(110)	(27)	(18)
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	0	0	0
Equity securities	156	34	25
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	0	0	0
Acquisition of:
Fixed maturities	(5)	0	0
Equity securities, available-for-sale	(35)	(36)	(34)
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	(4)	0	0
Short-term investments, net	0	212	0
Derivatives, net	0	0	0
Sales from consolidated investment entities	0	0	0
Purchases within consolidated investment entities	0	0	0
Issuance of intercompany loans with maturities more than three months	0	0	(34)
Maturity of intercompany loans with maturities more than three months	0	0	34
Maturity (issuance) of short-term intercompany loans, net	(85)	111	87
Return of capital contributions and dividends from subsidiaries	1,064	1,155	1,020
Capital contributions to subsidiaries	(3)	(55)	(467)
Collateral received (delivered), net	0	0	0
Other, net	0	(13)	0
Net cash provided by (used in) investing activities - discontinued operations	0	0	0
Net cash used in investing activities	1,088	1,408	631
Cash Flows from Financing Activities:
Deposits received for investment contracts	0	0	0
Maturities and withdrawals from investment contracts	0	0	0
Settlements on deposit contracts	0	0
Proceeds from issuance of debt with maturities of more than three months	0	350	399
Repayment of debt with maturities of more than three months	(106)	(623)	(494)
Debt issuance costs	0	(6)	(3)
Repayments of intercompany loans with maturities of more than three months			0
Proceeds of intercompany loans with maturities of more than three months			0
Net proceeds from (repayments of) short-term loans to subsidiaries	65	(414)	408
Return of capital contributions and dividends to parent	0	0	0
Contributions of capital from parent	0	0	0
Borrowings of consolidated investment entities	0	0	0
Repayments of borrowings of consolidated investment entities	0	0	0
Contributions from (distributions to) participants in consolidated investment entities	0	0	0
Proceeds from issuance of common stock, net	3	3	3
Proceeds from issuance of preferred stock, net	293	319	0
Share-based compensation	(22)	(14)	(8)
Common stock acquired - Share repurchase	(1,136)	(1,025)	(923)
Dividends paid on common stock	(44)	(6)	(8)
Dividends paid on preferred stock	(28)	0	0
Net cash provided by financing activities - discontinued operations	0	0	0
Net cash used in financing activities	(975)	(1,416)	(626)
Net increase (decrease) in cash and cash equivalents	3	(35)	(13)
Cash and cash equivalents, beginning of period	209	244	257
Cash and cash equivalents, end of period	212	209	244
Less: Cash and cash equivalents of discontinued operations, end of period	0	0	0
Cash and cash equivalents of continuing operations, end of period	212	209	244
Subsidiary Guarantor
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	445	311	138
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	0	0	0
Equity securities	0	0	0
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	0	0	0
Acquisition of:
Fixed maturities	0	0	0
Equity securities, available-for-sale	0	0	0
Mortgage loans on real estate	0	0	0
Limited partnerships/corporations	0	0	0
Short-term investments, net	0	0	0
Derivatives, net	0	0	0
Sales from consolidated investment entities	0	0	0
Purchases within consolidated investment entities	0	0	0
Issuance of intercompany loans with maturities more than three months			0
Maturity of intercompany loans with maturities more than three months			0
Maturity (issuance) of short-term intercompany loans, net	0	0	0
Return of capital contributions and dividends from subsidiaries	437	151	1,024
Capital contributions to subsidiaries	(57)	(55)	(47)
Collateral received (delivered), net	0	0	0
Other, net	0	1	0
Net cash provided by (used in) investing activities - discontinued operations	(128)	331	0
Net cash used in investing activities	252	428	977
Cash Flows from Financing Activities:
Deposits received for investment contracts	0	0	0
Maturities and withdrawals from investment contracts	0	0	0
Settlements on deposit contracts	0	0
Proceeds from issuance of debt with maturities of more than three months		0	0
Repayment of debt with maturities of more than three months	0	(87)	0
Debt issuance costs		0	0
Repayments of intercompany loans with maturities of more than three months			0
Proceeds of intercompany loans with maturities of more than three months			0
Net proceeds from (repayments of) short-term loans to subsidiaries	87	(68)	(143)
Return of capital contributions and dividends to parent	(786)	(638)	(1,020)
Contributions of capital from parent	0	55	47
Borrowings of consolidated investment entities	0	0	0
Repayments of borrowings of consolidated investment entities	0	0	0
Contributions from (distributions to) participants in consolidated investment entities	0	0	0
Proceeds from issuance of common stock, net	0	0	0
Proceeds from issuance of preferred stock, net	0	0
Share-based compensation	0	0	0
Common stock acquired - Share repurchase	0	0	0
Dividends paid on common stock	0	0	0
Dividends paid on preferred stock	0
Net cash provided by financing activities - discontinued operations	0	0	0
Net cash used in financing activities	(699)	(738)	(1,116)
Net increase (decrease) in cash and cash equivalents	(2)	1	(1)
Cash and cash equivalents, beginning of period	2	1	2
Cash and cash equivalents, end of period	0	2	1
Less: Cash and cash equivalents of discontinued operations, end of period	0	0	0
Cash and cash equivalents of continuing operations, end of period	0	2	1
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Net cash (used in) provided by operating activities	1,430	1,978	1,694
Proceeds from the sale, maturity, disposal or redemption of:
Fixed maturities	6,423	6,419	7,001
Equity securities	7	118	29
Mortgage loans on real estate	1,153	895	851
Limited partnerships/corporations	205	318	211
Acquisition of:
Fixed maturities	(6,450)	(7,513)	(6,445)
Equity securities, available-for-sale	(20)	(21)	(11)
Mortgage loans on real estate	(760)	(643)	(1,478)
Limited partnerships/corporations	(399)	(318)	(302)
Short-term investments, net	58	61	(28)
Derivatives, net	(29)	72	203
Sales from consolidated investment entities	586	1,365	2,047
Purchases within consolidated investment entities	(1,385)	(994)	(2,036)
Issuance of intercompany loans with maturities more than three months			0
Maturity of intercompany loans with maturities more than three months			0
Maturity (issuance) of short-term intercompany loans, net	(65)	414	(408)
Return of capital contributions and dividends from subsidiaries	0	0	0
Capital contributions to subsidiaries	0	0	0
Collateral received (delivered), net	(95)	(28)	(205)
Other, net	(35)	3	5
Net cash provided by (used in) investing activities - discontinued operations	(498)	(545)	(2,261)
Net cash used in investing activities	(1,304)	(397)	(2,827)
Cash Flows from Financing Activities:
Deposits received for investment contracts	4,383	4,884	3,593
Maturities and withdrawals from investment contracts	(5,180)	(4,799)	(4,763)
Settlements on deposit contracts	(8)	(10)
Proceeds from issuance of debt with maturities of more than three months		(62)	(61)
Repayment of debt with maturities of more than three months	(7)	33	33
Debt issuance costs		0	0
Repayments of intercompany loans with maturities of more than three months			(34)
Proceeds of intercompany loans with maturities of more than three months			34
Net proceeds from (repayments of) short-term loans to subsidiaries	(1)	(43)	56
Return of capital contributions and dividends to parent	(1,171)	(1,062)	(1,256)
Contributions of capital from parent	60	55	467
Borrowings of consolidated investment entities	1,106	773	967
Repayments of borrowings of consolidated investment entities	(903)	(656)	(804)
Contributions from (distributions to) participants in consolidated investment entities	715	(166)	449
Proceeds from issuance of common stock, net	0	0	0
Proceeds from issuance of preferred stock, net	0	0
Share-based compensation	0	0	0
Common stock acquired - Share repurchase	0	0	0
Dividends paid on common stock	0	0	0
Dividends paid on preferred stock	0
Net cash provided by financing activities - discontinued operations	813	(672)	1,271
Net cash used in financing activities	(193)	(1,725)	(48)
Net increase (decrease) in cash and cash equivalents	(67)	(144)	(1,181)
Cash and cash equivalents, beginning of period	1,327	1,471	2,652
Cash and cash equivalents, end of period	1,260	1,327	1,471
Less: Cash and cash equivalents of discontinued operations, end of period	291	301	862
Cash and cash equivalents of continuing operations, end of period	$ 969	$ 1,026	$ 609

Selected Consolidated Unaudit_3

Selected Consolidated Unaudited Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	$ 7,476	$ 7,163	$ 7,229
Total benefits and expenses	1,744	1,726	1,726	1,720	1,725	1,661	1,596	1,653	6,916	6,635	6,844
Income (loss) from continuing operations before income taxes	66	149	243	102	126	229	165	8	560	528	385
Income (loss) from discontinued operations, net of tax	(1,084)	(4)	42	(20)	29	(32)	92	440	(1,066)	529	(2,473)
Net income (loss)	(766)	140	252	73	177	168	229	446	(301)	1,020	(2,775)
Less: Net income (loss) attributable to noncontrolling interest	6	19	26	(1)	57	26	62	0	50	145	217
Net income (loss) available to Voya Financial, Inc.	(772)	121	226	74	120	142	167	446	(351)	875	(2,992)
Less: Preferred stock dividends	4	14	0	10	0	0	0	0	28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders	$ (776)	$ 107	$ 226	$ 64	$ 120	$ 142	$ 167	$ 446	$ (379)	$ 875	$ (2,992)
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	$ 2.29	$ 0.80	$ 1.27	$ 0.57	$ 0.60	$ 1.09	$ 0.45	$ 0.03	$ 4.88	$ 2.12	$ (2.82)
Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders	(8.06)	(0.03)	0.29	(0.14)	0.18	(0.20)	0.55	2.56	(7.57)	3.24	(13.43)
Income (loss) available to Voya Financial, Inc.'s common shareholders	(5.76)	0.77	1.57	0.44	0.78	0.89	1	2.59	(2.69)	5.36	(16.25)
Income (loss) from continuing operations available to Voya Financial, Inc.'s common shareholders	2.17	0.77	1.22	0.56	0.58	1.06	0.43	0.03	4.68	2.05	(2.82)
Income (loss) from discontinued operations, net of taxes available to Voya Financial, Inc.'s common shareholders	(7.62)	(0.03)	0.28	(0.13)	0.18	(0.19)	0.53	2.47	(7.26)	3.14	(13.43)
Income (loss) available to Voya Financial, Inc.'s common shareholders	$ (5.45)	$ 0.74	$ 1.51	$ 0.42	$ 0.76	$ 0.87	$ 0.96	$ 2.50	$ (2.58)	$ 5.20	$ (16.25)

Schedule I - Summary of Inves_2

Schedule I - Summary of Investments Other than Investments in Affiliates (Details) $ in Millions	Dec. 31, 2019USD ($)
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	$ 49,434
Fair Value	54,142
Amount Shown on Consolidated Balance Sheet	53,687
U.S. Treasuries
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	1,074
Fair Value	1,382
Amount Shown on Consolidated Balance Sheet	1,382
U.S. Government agencies and authorities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	74
Fair Value	95
Amount Shown on Consolidated Balance Sheet	95
State, municipalities, and political subdivisions
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	1,220
Fair Value	1,323
Amount Shown on Consolidated Balance Sheet	1,323
U.S. corporate public securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	12,980
Fair Value	14,938
Amount Shown on Consolidated Balance Sheet	14,938
U.S. corporate private securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	5,568
Fair Value	6,035
Amount Shown on Consolidated Balance Sheet	6,035
Foreign corporate public securities and foreign governments(1)
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	3,887
Fair Value	4,341
Amount Shown on Consolidated Balance Sheet	4,341
Foreign corporate private securities(1)
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	4,545
Fair Value	4,831
Amount Shown on Consolidated Balance Sheet	4,831
Residential mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	4,999
Fair Value	5,204
Amount Shown on Consolidated Balance Sheet	5,204
Commercial mortgage-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	3,402
Fair Value	3,574
Amount Shown on Consolidated Balance Sheet	3,574
Other asset-backed securities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	2,058
Fair Value	2,055
Amount Shown on Consolidated Balance Sheet	2,055
Fixed maturities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	39,807
Fair Value	43,778
Amount Shown on Consolidated Balance Sheet	43,778
Equity securities, available-for-sale
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	196
Fair Value	196
Amount Shown on Consolidated Balance Sheet	196
Short-term investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	68
Fair Value	68
Amount Shown on Consolidated Balance Sheet	68
Mortgage loans on real estate
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	6,878
Fair Value	7,262
Amount Shown on Consolidated Balance Sheet	6,878
Policy loans
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	776
Fair Value	776
Amount Shown on Consolidated Balance Sheet	776
Limited partnerships/corporations
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	1,290
Fair Value	1,290
Amount Shown on Consolidated Balance Sheet	1,290
Derivatives
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	34
Fair Value	316
Amount Shown on Consolidated Balance Sheet	316
Other investments
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
Cost	385
Fair Value	456
Amount Shown on Consolidated Balance Sheet	$ 385

Schedule II - Condensed Finan_2

Schedule II - Condensed Financial Information of Parent - Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Investments:
Fixed maturities, available-for-sale, at fair value	$ 39,663	$ 36,897
Limited partnerships/corporations	1,290	982
Derivatives	316	194
Investments in subsidiaries	0	0
Total investments	53,687	50,615
Cash and cash equivalents	1,181	1,237	$ 854
Short-term investments under securities loan agreements, including collateral delivered	1,395	1,293
Loans to subsidiaries and affiliates	0	0
Due from subsidiaries and affiliates	0	0
Deferred income taxes	1,458	1,610
Other assets	902	1,027
Liabilities and Shareholders' Equity:
Short-term debt	1	1
Long-term debt	3,042	3,136
Derivatives	403	164
Due to subsidiaries and affiliates	0	0
Other liabilities	1,345	1,375
Shareholders' equity:
Preferred stock ($0.01 par value per share; $625 and $325 aggregate liquidation preference as of 2019 and 2018, respectively)	0	0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 140,726,677 and 272,431,745 shares issued as of 2019 and 2018, respectively; 132,325,790 and 150,978,184 shares outstanding as of 2019 and 2018, respectively)	2	3
Treasury stock (at cost; 8,400,887 and 121,453,561 shares as of 2019 and 2018, respectively)	(460)	(4,981)
Additional paid-in capital	11,184	24,316
Accumulated other comprehensive income (loss)	3,331	607	2,731
Retained earnings (deficit):
Unappropriated	(4,649)	(11,732)
Total Voya Financial, Inc. shareholders' equity	9,408	8,213
Parent Issuer
Investments:
Fixed maturities, available-for-sale, at fair value	5	0
Limited partnerships/corporations	4	0
Derivatives	49	39
Investments in subsidiaries	11,003	10,099
Total investments	11,061	10,237
Cash and cash equivalents	212	209	$ 244
Short-term investments under securities loan agreements, including collateral delivered	11	11
Loans to subsidiaries and affiliates	164	79
Due from subsidiaries and affiliates	2	2
Deferred income taxes	816	553
Other assets	7	13
Total assets	12,273	11,104
Liabilities and Shareholders' Equity:
Short-term debt	69	4
Long-term debt	2,669	2,763
Derivatives	50	39
Due to subsidiaries and affiliates	4	1
Current income taxes	28	37
Other liabilities	45	47
Total liabilities	2,865	2,891
Shareholders' equity:
Preferred stock ($0.01 par value per share; $625 and $325 aggregate liquidation preference as of 2019 and 2018, respectively)	0	0
Common stock ($0.01 par value per share; 900,000,000 shares authorized; 140,726,677 and 272,431,745 shares issued as of 2019 and 2018, respectively; 132,325,790 and 150,978,184 shares outstanding as of 2019 and 2018, respectively)	2	3
Treasury stock (at cost; 8,400,887 and 121,453,561 shares as of 2019 and 2018, respectively)	(460)	4,981
Additional paid-in capital	11,184	24,316
Accumulated other comprehensive income (loss)	3,331	607
Retained earnings (deficit):
Unappropriated	(4,649)	(11,732)
Total Voya Financial, Inc. shareholders' equity	9,408	8,213
Total liabilities and shareholders' equity	$ 12,273	$ 11,104

Schedule II - Condensed Finan_3

Schedule II - Condensed Financial Information of Parent - Balance Sheets Parenthetical (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fixed maturities, amortized cost	$ 35,836	$ 36,268
Equity securities, cost	196	247
Preferred stock, aggregate liquidation preference	$ 625	$ 325
Preferred stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	900,000,000	900,000,000
Common stock, shares issued	140,726,677	272,431,745
Common stock, shares outstanding	132,325,790	150,978,184	172,000,000	194,600,000
Treasury stock	8,400,887	121,453,561
Common stock, par value	$ 0.01	$ 0.01
Parent Issuer
Fixed maturities, amortized cost	$ 5	$ 0
Equity securities, cost	$ 0	$ 99

Schedule II - Condensed Finan_4

Schedule II - Condensed Financial Information of Parent - Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues:
Net investment income									$ 2,792	$ 2,669	$ 2,641
Net realized capital gains (losses)									(166)	(355)	(209)
Other revenue									465	443	379
Total revenues	$ 1,810	$ 1,875	$ 1,969	$ 1,822	$ 1,851	$ 1,890	$ 1,761	$ 1,661	7,476	7,163	7,229
Expenses:
Interest expense									176	221	184
Operating expenses									2,746	2,606	2,562
Total benefits and expenses	1,744	1,726	1,726	1,720	1,725	1,661	1,596	1,653	6,916	6,635	6,844
Income (loss) from continuing operations before income taxes	66	149	243	102	126	229	165	8	560	528	385
Income tax expense (benefit)									(205)	37	687
Net income (loss) before equity in earnings (losses) of subsidiaries									(301)	1,020	(2,775)
Equity in earnings (losses) of subsidiaries, net of tax									0	0	0
Net income (loss)	(766)	140	252	73	177	168	229	446	(301)	1,020	(2,775)
Less: Preferred stock dividends	4	14	0	10	0	0	0	0	28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders	$ (776)	$ 107	$ 226	$ 64	$ 120	$ 142	$ 167	$ 446	(379)	875	(2,992)
Parent Issuer
Revenues:
Net investment income									39	1	33
Net realized capital gains (losses)									(1)	0	0
Other revenue									0	(5)	8
Total revenues									38	(4)	41
Expenses:
Interest expense									151	175	155
Operating expenses									12	11	9
Total benefits and expenses									163	186	164
Income (loss) from continuing operations before income taxes									(125)	(190)	(123)
Income tax expense (benefit)									(277)	0	113
Net income (loss) before equity in earnings (losses) of subsidiaries									152	(190)	(236)
Equity in earnings (losses) of subsidiaries, net of tax									(503)	1,065	(2,756)
Net income (loss)									(351)	875	(2,992)
Less: Preferred stock dividends									28	0	0
Net income (loss) available to Voya Financial, Inc.'s common shareholders									$ (379)	$ 875	$ (2,992)

Schedule II - Condensed Finan_5

Schedule II - Condensed Financial Information of Parent - Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	$ (766)	$ 140	$ 252	$ 73	$ 177	$ 168	$ 229	$ 446	$ (301)	$ 1,020	$ (2,775)
Other comprehensive income (loss), after tax									2,381	(2,096)	810
Comprehensive income (loss) attributable to Voya Financial, Inc.									2,030	(1,221)	(2,182)
Parent Issuer
Condensed Financial Statements, Captions [Line Items]
Net income (loss)									(351)	875	(2,992)
Other comprehensive income (loss), after tax									2,381	(2,096)	810
Comprehensive income (loss) attributable to Voya Financial, Inc.									$ 2,030	$ (1,221)	$ (2,182)

Schedule II - Condensed Finan_6

Schedule II - Condensed Financial Information of Parent - Statements of Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash Flows from Operating Activities:
Net income (loss) available to Voya Financial, Inc.	$ (772)	$ 121	$ 226	$ 74	$ 120	$ 142	$ 167	$ 446	$ (351)	$ 875	$ (2,992)
Equity in (earnings) losses of subsidiaries									0	0	0
Deferred income tax expense (benefit)									(332)	(83)	814
Net realized capital losses									166	355	209
Share-based compensation									98	96	117
Change in:
Other receivables and asset accruals									254	(314)	281
Other, net									11	262	22
Net cash provided by operating activities									1,310	1,868	1,582
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of equity securities									163	152	54
Fixed maturities									(6,455)	(7,513)	(6,445)
Equity securities									(55)	(57)	(45)
Limited partnerships/corporations									(403)	(318)	(302)
Short-term investments, net									58	273	(28)
Derivatives, net									(29)	72	203
Issuance of intercompany loans with maturities more than three months											0
Maturity of intercompany loans issued to subsidiaries with maturities more than three months											0
Maturity (issuance) of short-term intercompany loans, net									0	0	0
Return of capital contributions and dividends from subsidiaries									0	0	0
Capital contributions to subsidiaries									0	0	0
Other, net									35	9	(5)
Net cash used in investing activities									(1,255)	(282)	(2,428)
Cash Flows from Financing Activities:
Proceeds from issuance of debt with maturities of more than three months									0	288	338
Repayment of debt with maturities of more than three months									(113)	(677)	(461)
Debt issuance costs									0	(6)	(3)
Net proceeds from (repayments of) short-term loans to subsidiaries									0	0	0
Proceeds from issuance of common stock, net									3	3	3
Proceeds from issuance of preferred stock, net									293	319	0
Share-based compensation									(22)	(14)	(8)
Common stock acquired - Share repurchase									(1,136)	(1,025)	(923)
Dividends paid on common stock									(44)	(6)	(8)
Dividends paid on preferred stock									(28)	0	0
Net cash used in financing activities									(121)	(1,764)	(349)
Net increase (decrease) in cash and cash equivalents									(66)	(178)	(1,195)
Cash and cash equivalents, beginning of period				1,538				1,716	1,538	1,716	2,911
Cash and cash equivalents, end of period	1,472				1,538				1,472	1,538	1,716
Supplemental cash flow information:
Income taxes (received) paid, net									(127)	1	(154)
Interest paid									159	180	174
Parent Issuer
Cash Flows from Operating Activities:
Net income (loss) available to Voya Financial, Inc.									(351)	875	(2,992)
Equity in (earnings) losses of subsidiaries									503	(1,065)	2,756
Dividends from subsidiaries									0	52	73
Deferred income tax expense (benefit)									(263)	25	131
Net realized capital losses									1	0	0
Share-based compensation									12	3	0
Change in:
Other receivables and asset accruals									(10)	40	32
Due from subsidiaries and affiliates									0	0	1
Due to subsidiaries and affiliates									3	0	1
Other payables and accruals									(24)	(3)	(18)
Other, net									19	46	(2)
Net cash provided by operating activities									(110)	(27)	(18)
Cash Flows from Investing Activities:
Proceeds from the sale, maturity, disposal or redemption of equity securities									156	34	25
Fixed maturities									(5)	0	0
Equity securities									(35)	(36)	(34)
Limited partnerships/corporations									(4)	0	0
Short-term investments, net									0	212	0
Derivatives, net									0	0	0
Issuance of intercompany loans with maturities more than three months									0	0	(34)
Maturity of intercompany loans issued to subsidiaries with maturities more than three months									0	0	34
Maturity (issuance) of short-term intercompany loans, net									(85)	111	87
Return of capital contributions and dividends from subsidiaries									1,064	1,155	1,020
Capital contributions to subsidiaries									(3)	(55)	(467)
Other, net									0	13	0
Net cash used in investing activities									1,088	1,408	631
Cash Flows from Financing Activities:
Proceeds from issuance of debt with maturities of more than three months									0	350	399
Repayment of debt with maturities of more than three months									(106)	(623)	(494)
Debt issuance costs									0	(6)	(3)
Net proceeds from (repayments of) short-term loans to subsidiaries									65	(414)	408
Proceeds from issuance of common stock, net									3	3	3
Proceeds from issuance of preferred stock, net									293	319	0
Share-based compensation									(22)	(14)	(8)
Common stock acquired - Share repurchase									(1,136)	(1,025)	(923)
Dividends paid on common stock									(44)	(6)	(8)
Dividends paid on preferred stock									(28)	0	0
Net cash used in financing activities									(975)	(1,416)	(626)
Net increase (decrease) in cash and cash equivalents									3	(35)	(13)
Cash and cash equivalents, beginning of period				$ 209				$ 244	209	244	257
Cash and cash equivalents, end of period	$ 212				$ 209				212	209	244
Supplemental cash flow information:
Income taxes (received) paid, net									(128)	1	(154)
Interest paid									$ 136	$ 152	$ 138

Schedule II - Condensed Finan_7

Schedule II - Condensed Financial Information of Parent - Loans to Subsidiaries (Details) - Parent Issuer - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income, operating	$ 6	$ 5	$ 8
Loans to subsidiaries	164	79
Voya Alternative Asset Management LLC | Subsidiary Loan, Due December 30, 2019, 0.02 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 0	$ 2
Rate	0.02%	0.02%
Voya Custom Investments | Subsidiary Loan, Due January 30, 2020, 2.80 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 1	$ 0
Rate	2.80%	2.80%
Voya Capital | Subsidiary Loan, Due January 7 2020, 2.60 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 9	$ 4
Rate	2.60%	2.60%
Voya Investment Management, LLC | Subsidiary Loan, Due January 24, 2020, 2.80 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 53	$ 51
Rate	2.80%	2.80%
Voya Payroll Management, Inc. | Subsidiary Loan, Due January 2, 2020, 2.53 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 7	$ 6
Rate	2.53%	2.53%
Voya Holdings Inc. | Subsidiary Loan, Due January 10, 2020, 2.68 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 30	$ 0
Rate	2.68%	2.68%
Voya Holdings Inc. | Subsidiary Loan, Due January 30, 2020, 2.78 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 57	$ 0
Rate	2.78%	2.78%
Security Life of Denver International Ltd | Subsidiary Loan, Due January 2, 2020, 2.53 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 0	$ 16
Rate	2.53%	2.53%
Voya Services Company | Subsidiary Loan, Due January 2, 2020, 2.53 Percent
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans to subsidiaries	$ 7	$ 0
Rate	2.53%	2.53%

Schedule II - Condensed Finan_8

Schedule II - Condensed Financial Information of Parent - Financing Agreements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total	$ 1	$ 1
Revolving lines of credit, capacity	5,036
Outstanding borrowings	3,857
Payments of financing costs	34	34	$ 50
Parent Issuer
Debt Instrument [Line Items]
Intercompany financing - Subsidiaries	69	4
Total	69	4
Revolving lines of credit, capacity	5,000
Outstanding borrowings	3,800
Payments of financing costs	32	$ 28	$ 39
Parent Issuer | Unsecured and Uncommitted
Debt Instrument [Line Items]
Revolving lines of credit, capacity	425
Parent Issuer | Unsecured and Committed
Debt Instrument [Line Items]
Revolving lines of credit, capacity	4,500
Parent Issuer | Secured facilities
Debt Instrument [Line Items]
Revolving lines of credit, capacity	10
Financial Guarantee | Voya Financial, Inc. / Roaring River IV, LLC | Parent Issuer | Notes Payable
Debt Instrument [Line Items]
Other commitment	$ 565

Schedule II - Condensed Finan_9

Schedule II - Condensed Financial Information of Parent - Guarantees (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Guarantor Obligations [Line Items]
Outstanding borrowings	$ 3,857
Revolving lines of credit, capacity	5,036
Long-term debt	3,043	$ 3,137
Notes Payable | 8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027
Guarantor Obligations [Line Items]
Long-term debt	$ 14	$ 14
Annual interest rate on loan	8.42%	8.42%
Debentures | Voya Holdings Debentures
Guarantor Obligations [Line Items]
Long-term debt	$ 358	$ 358
Parent Issuer
Guarantor Obligations [Line Items]
Outstanding borrowings	3,800
Revolving lines of credit, capacity	5,000
Financial Guarantee | Parent Issuer | Voya Financial, Inc. / Roaring River IV, LLC | Notes Payable
Guarantor Obligations [Line Items]
Maintenance and reimbursement agreements	565
Financial Guarantee | Parent Issuer | Hannover Re / Voya Financial, Inc. / Security Life of Denver International Limited | Notes Payable
Guarantor Obligations [Line Items]
Maintenance and reimbursement agreements	2,900
Outstanding borrowings	600
Financial Guarantee | Parent Issuer | Voya Financial, Inc. / Security Life of Denver Insurance Company | Notes Payable
Guarantor Obligations [Line Items]
Maintenance and reimbursement agreements	13
Financial Guarantee | Parent Issuer | Voya Holdings Inc. | Notes Payable | 8.42% Equitable of Iowa Companies Capital Trust II Notes, due 2027
Guarantor Obligations [Line Items]
Long-term debt	$ 13

Schedule II - Condensed Fina_10

Schedule II - Condensed Financial Information of Parent - Returns of Capital and Dividends (Details) - Parent Issuer - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	$ 1,064	$ 1,282	$ 1,093
Voya Holdings Inc.
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	786	708	1,020
Return of capital contributions and dividends from subsidiaries, noncash		70
Security Life of Denver International Ltd
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	228	425	0
Security Life of Denver Insurance Company
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	0	52	73
Voya Financial Products Company, Inc.
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	0	12	0
Voya Services Company
Condensed Financial Statements, Captions [Line Items]
Return of capital contributions and dividends from subsidiaries	$ 50	85	$ 0
Return of capital contributions and dividends from subsidiaries, noncash		$ 5

Schedule II - Condensed Fina_11

Schedule II - Condensed Financial Information of Parent - Income Taxes (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Deferred income taxes	$ 1,458	$ 1,610
Parent Issuer
Schedule of Deferred Tax Assets and Liabilities [Line Items]
Deferred income taxes	$ 816	$ 553

Schedule III - Supplementary _2

Schedule III - Supplementary Insurance Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
DAC and VOBA	$ 2,226	$ 2,973
Future Policy Benefits and Contract Owner Account Balances	50,868	50,770
Unearned Premiums	(1)	(1)
Net Investment Income	2,792	2,669	$ 2,641
Premiums and Fee Income	4,242	4,114	3,986
Interest Credited and Other Benefits to Contract Owners	3,750	3,526	3,658
Amortization of DAC and VOBA	199	233	353
Other Operating Expenses	2,746	2,606	2,562
Premiums Written (Excluding Life)	1,361	1,187	1,155
Retirement
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
DAC and VOBA	667	1,271
Future Policy Benefits and Contract Owner Account Balances	34,008	34,064
Unearned Premiums	0	0
Net Investment Income	2,029	1,971	1,918
Premiums and Fee Income	881	879	750
Interest Credited and Other Benefits to Contract Owners	1,067	908	1,043
Amortization of DAC and VOBA	96	117	238
Other Operating Expenses	1,373	1,284	1,140
Premiums Written (Excluding Life)	0	0	0
Investment Management
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
DAC and VOBA	0	1
Future Policy Benefits and Contract Owner Account Balances	0	0
Unearned Premiums	0	0
Net Investment Income	12	(27)	(33)
Premiums and Fee Income	641	663	675
Interest Credited and Other Benefits to Contract Owners	0	0	0
Amortization of DAC and VOBA	4	3	3
Other Operating Expenses	565	555	558
Premiums Written (Excluding Life)	0	0	0
Employee Benefits
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
DAC and VOBA	117	99
Future Policy Benefits and Contract Owner Account Balances	2,133	2,109
Unearned Premiums	(1)	(1)
Net Investment Income	112	113	108
Premiums and Fee Income	1,920	1,741	1,663
Interest Credited and Other Benefits to Contract Owners	1,405	1,317	1,293
Amortization of DAC and VOBA	16	17	11
Other Operating Expenses	406	356	336
Premiums Written (Excluding Life)	1,361	1,187	1,155
Corporate
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
DAC and VOBA	1,442	1,602
Future Policy Benefits and Contract Owner Account Balances	14,727	14,597
Unearned Premiums	0	0
Net Investment Income	639	612	648
Premiums and Fee Income	800	831	898
Interest Credited and Other Benefits to Contract Owners	1,278	1,301	1,322
Amortization of DAC and VOBA	83	96	101
Other Operating Expenses	402	411	528
Premiums Written (Excluding Life)	$ 0	$ 0	$ 0

Schedule IV - Reinsurance (Deta

Schedule IV - Reinsurance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Life insurance in force, Gross	$ 648,765	$ 686,814	$ 690,790
Life insurance in force, Ceded	245,164	256,619	258,456
Life insurance in force, Assumed	8,377	9,034	7,750
Life insurance in force, Net	$ 411,978	$ 439,229	$ 440,084
Percentage of Assumed to Net, Life insurance in force	2.00%	2.10%	1.80%
Direct premiums	$ 2,759	$ 2,602	$ 2,597
Ceded Premiums	1,313	1,426	1,652
Assumed premiums	827	956	1,152
Net premiums	$ 2,273	$ 2,132	$ 2,097
Percentage Assumed to Net, Premiums	36.40%	44.80%	54.90%
Individual and group life insurance contracts
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct premiums	$ 1,246	$ 1,262	$ 1,271
Ceded Premiums	1,151	1,288	1,510
Assumed premiums	826	955	1,151
Net premiums	$ 921	$ 929	$ 912
Percentage Assumed to Net, Premiums	89.70%	102.80%	126.20%
Accident and health
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct premiums	$ 1,452	$ 1,275	$ 1,051
Ceded Premiums	162	138	142
Assumed premiums	1	1	1
Net premiums	$ 1,291	$ 1,138	$ 910
Percentage Assumed to Net, Premiums	0.10%	0.10%	0.10%
Annuity Contracts
SEC Schedule, 12-17, Insurance Companies, Reinsurance [Line Items]
Direct premiums	$ 61	$ 65	$ 275
Ceded Premiums	0	0	0
Assumed premiums	0	0	0
Net premiums	$ 61	$ 65	$ 275
Percentage Assumed to Net, Premiums	0.00%	0.00%	0.00%

Schedule V - Valuation and Qu_2

Schedule V - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Collective valuation allowance for losses, beginning of period	$ 2	$ 3	$ 3
Allowance for losses on commercial mortgage loans	(1)	(1)	0
Collective valuation allowance for losses, end of period	1	2	3
Valuation allowance on deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	638	653	964
Charged to Costs and Expenses	(250)	(15)	(311)
Write-offs/Payments/Other	0	0	0
Ending Balance	$ 388	$ 638	$ 653