Financing Agreements |
6 Months Ended |
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Jun. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| Financing Agreements | Financing Agreements Reciprocal Loan Agreement The Company maintains a reciprocal loan agreement with Voya Financial, an affiliate, to facilitate the handling of unanticipated short-term cash requirements that arise in the ordinary course of business. Under this agreement, which expires on April 1, 2031, either party can borrow from the other up to 3.0% of the Company’s statutory admitted assets as of the preceding December 31. Interest on any borrowing by either the Company or Voya Financial is charged at a rate based on the prevailing market rate for similar third-party borrowings or securities. Under this agreement, the Company incurred $1 interest expense for the three and six months ended June 30, 2026 and June 30, 2025. The Company earned $3 and $9 of interest income for the three and six months ended June 30, 2026, respectively, and $7 and $12 of interest income for the three and six months ended June 30, 2025, respectively. Interest expense and income are included in Interest expense and Net investment income, respectively, in the Condensed Consolidated Statements of Operations. As of June 30, 2026, VRIAC had a $351 outstanding receivable and VIPS had a $57 outstanding payable. As of December 31, 2025, VRIAC had an outstanding receivable of $569 and VIPS had an outstanding payable of $42 under the reciprocal loan agreement. The outstanding receivable and payable are included in Other assets and Other liabilities, respectively, in the Condensed Consolidated Balance Sheets.
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