Voya Retirement Insurance and Annuity Company - Annual Statement 2023 - Insurance News

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ASSETS

		Current Year		Prior Year
	1	2	3	4
			Net Admitted Assets	Net Admitted
	Assets	Nonadmitted Assets	(Cols. 1 - 2)	Assets
1. Bonds (Schedule D)	.......... 21,668,334,606	.................................0	.......... 21,668,334,606	...........23,361,991,397

2. Stocks (Schedule D):

	2.1 Preferred stocks				127,574,102	0	127,574,102	249,564,334
	2.2 Common stocks				104,874,395	0	104,874,395	152,567,078
3.	Mortgage loans on real estate (Schedule B):
	3.1 First liens	..................................................................................................				4,043,855,659	0	4,043,855,659	4,226,566,746
	3.2 Other than first liens				0	0	0	0
4.	Real estate (Schedule A):
	4.1 Properties occupied by the company (less $	0
	encumbrances)				0	0	0	0
	4.2 Properties held for the production of income (less
	$	0	encumbrances)		0	0	0	0
	4.3 Properties held for sale (less $	0
	encumbrances)				22,850,398	0	22,850,398	22,850,398
5.	Cash ($	39,251,170	, Schedule E - Part 1), cash equivalents
	($	93,500,000	, Schedule E - Part 2) and short-term
	investments ($	372,824,446 , Schedule DA)	505,575,616	0	505,575,616	413,122,114
6.	Contract loans (including $	.................................	0	premium notes)	204,990,538	3,092,606	201,897,932	200,035,752
7.	Derivatives (Schedule DB)				290,381,000	0	290,381,000	428,566,286
8.	Other invested assets (Schedule BA)		1,349,887,626	21,383,262	1,328,504,364	1,349,147,236
9.	Receivables for securities				34,109,079	0	34,109,079	63,010,062
10.	Securities lending reinvested collateral assets (Schedule DL)	491,364,752	0	491,364,752	610,261,848
11.	Aggregate write-ins for invested assets		2,373,633	0	2,373,633	2,614,063
12.	Subtotals, cash and invested assets (Lines 1 to 11)		28,846,171,403	24,475,868	28,821,695,535	31,080,297,315
13.	Title plants less $	0 charged off (for Title insurers
	only)					0	0	0	0
14.	Investment income due and accrued		263,936,678	53,340	263,883,338	251,452,138
15.	Premiums and considerations:
	15.1 Uncollected premiums and agents' balances in the course of collection	(187,407)	0	(187,407)	(1,082,810)
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	0
	............................................................earned but unbilled premiums)		0	.................................0	.................................0	.................................0
	.................................15.3 Accrued retrospective premiums ($	0 ) and
	contracts subject to redetermination ($	0 )	.................................0	0	0	0

16. Reinsurance:

	....................................................16.1 Amounts recoverable from reinsurers	................. 65,955,558	.................................0	................. 65,955,558	................. 69,742,669
	..........................16.2 Funds held by or deposited with reinsured companies	.................................0	.................................0	.................................0	.................................0
	........................16.3 Other amounts receivable under reinsurance contracts	................. 44,827,070	.................................0	................. 44,827,070	................. 51,054,317
17.	Amounts receivable relating to uninsured plans	.................................0	.................................0	.................................0	.................................0
18.1	Current federal and foreign income tax recoverable and interest thereon ....	.................................0	.................................0	.................................0	................... 4,187,997
18.2	Net deferred tax asset	................423,182,352	................168,247,465	................254,934,887	................240,270,753
19.	......................................................Guaranty funds receivable or on deposit	................... 8,113,749	.................................0	................... 8,113,749	...................8,299,112
20.	.....................................Electronic data processing equipment and software	........................ 20,845	........................ 20,845	.................................0	.................................0
21.	Furniture and equipment, including health care delivery assets
	($	0 )	.................................0	.................................0	.................................0	.................................0
22.	.........Net adjustment in assets and liabilities due to foreign exchange rates	.................................0	.................................0	.................................0	.................................0
23.	.....................................Receivables from parent, subsidiaries and affiliates	................... 3,885,639	........................ 41,999	................... 3,843,640	................... 1,730,212
24.	Health care ($	0 ) and other amounts receivable	........................ 49,667	........................ 49,667	.................................0	.................................0
25.	Aggregate write-ins for other than invested assets	................396,417,902	................... 6,710,200	................389,707,701	................373,101,501
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines 12 to 25)	...........30,052,373,456	................199,599,385	.......... 29,852,774,072	.......... 32,079,053,204
27.	From Separate Accounts, Segregated Accounts and Protected Cell
	Accounts	90,874,447,988	0	90,874,447,988	78,236,199,049
28.	Total (Lines 26 and 27)		120,926,821,445	199,599,385	120,727,222,060	110,315,252,254
	DETAILS OF WRITE-INS
1101.	Derivative receivables	................... 2,373,633	.................................0	................... 2,373,633	................... 2,614,063
1102.	......................................................................................................................	....................................	....................................	....................................	....................................
1103.	......................................................................................................................	....................................	....................................	....................................	....................................
1198.	...................Summary of remaining write-ins for Line 11 from overflow page	.................................0	.................................0	.................................0	.................................0
1199.	Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above)
2,373,633	0	2,373,633	2,614,063
2501.	Margin call collateral	................351,053,417	.................................0	................351,053,417	................346,127,350
2502.	Miscellaneous assets	35,110,587	................... 6,710,200	................. 28,400,387	................. 26,974,151
2503.	Admitted disallowed IMR	10,253,897	.................................0	................. 10,253,897	.................................0
2598.	Summary of remaining write-ins for Line 25 from overflow page	0	0	0	0
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)	396,417,902	6,710,200	389,707,701	373,101,501

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

LIABILITIES, SURPLUS AND OTHER FUNDS

					1	2
					Current Year	Prior Year
1.	Aggregate reserve for life contracts $	25,586,104,229 (Exh. 5, Line 9999999) less $	0
	included in Line 6.3 (including $	0 Modco Reserve)	..........................................................................	25,586,104,229	27,475,790,238
2.	Aggregate reserve for accident and health contracts (including $	0 Modco Reserve)	0	0
3.	Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $	.................................0	Modco Reserve)	................718,929,512	774,023,273

4. Contract claims:


4.1	Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less Col. 6)	.................................0	0
4.2	Accident and health (Exhibit 8, Part 1, Line 4.4, Col. 6)	.................................0	0
5. Policyholders' dividends/refunds to members $	0 and coupons $	0 due
and unpaid (Exhibit 4, Line 10)	.................................0	0

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year - estimated amounts:


6.1	Policyholders' dividends and refunds to members apportioned for payment (including $	.................................0
	Modco)	.................................	0	0
6.2	Policyholders' dividends and refunds to members not yet apportioned (including $	0 Modco)	0	0
6.3	Coupons and similar benefits (including $	0 Modco)	0	0
7. Amount provisionally held for deferred dividend policies not included in Line 6	0	0

8. Premiums and annuity considerations for life and accident and health contracts received in advance less

$	0 discount; including $	0 accident and health premiums (Exhibit 1,
Part 1, Col. 1, sum of lines 4 and 14)	.................................0	0

9. Contract liabilities not included elsewhere:

	9.1	Surrender values on canceled contracts					0	0
	9.2	Provision for experience rating refunds, including the liability of $	0	accident and health
		experience rating refunds of which $	0 is for medical loss ratio rebate per the Public Health
		Service Act						0	0
	9.3 Other amounts payable on reinsurance, including $		0 assumed and $	8,962,133
		ceded						8,962,133	8,128,030
	9.4 Interest maintenance reserve (IMR, Line 6)					0	12,714,311
10.	Commissions to agents due or accrued-life and annuity contracts $	1,809,470	accident and health
	$	.................................0	and deposit-type contract funds $	.................................	0		1,809,470	1,863,711
11.	Commissions and expense allowances payable on reinsurance assumed				0	0
12.	General expenses due or accrued (Exhibit 2, Line 12, Col. 7)					114,293,717	121,730,469
13.	Transfers to Separate Accounts due or accrued (net) (including $	(14,362,122)	accrued for expense
	allowances recognized in reserves, net of reinsured allowances)				(35,492,681)	(10,949,317)
14.	Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 6)	1,328,661	4,293,781
15.1	Current federal and foreign income taxes, including $	19,059,813	on realized capital gains (losses)	16,155,974	0
15.2	Net deferred tax liability						0	0
16.	Unearned investment income					0	0
17.	Amounts withheld or retained by reporting entity as agent or trustee				4,469,205	4,821,339
18.	........................Amounts held for agents' account, including $	.........................................41,231 agents' credit balances	41,957	........................ 61,015
19.	........................................................................................................................................Remittances and items not allocated					................... 5,779,367	...................... 698,581
20.	.....................................................................................Net adjustment in assets and liabilities due to foreign exchange rates				0	.................................0
21.	Liability for benefits for employees and agents if not included above				0	0
22.	Borrowed money $	1,871,922 and interest thereon $	0	............................................	1,871,922	2,410,305
23.	........................................................................................................................Dividends to stockholders declared and unpaid					.................................0	.................................0
24.	Miscellaneous liabilities:
	24.01 Asset valuation reserve (AVR, Line 16, Col. 7)
					224,871,600	298,086,409
	24.02 Reinsurance in unauthorized and certified ($	0	) companies		0	0
	24.03 Funds held under reinsurance treaties with unauthorized and certified ($	0	) reinsurers	0	0
	..................................................................................................................24.04 Payable to parent, subsidiaries and affiliates					................132,623,808	................. 92,314,468
	...........................................................................................................................................................24.05 Drafts outstanding						.................................0	.................................0
	24.06 Liability for amounts held under uninsured plans
					0	0
	24.07 Funds held under coinsurance					0	0
	24.08 Derivatives						263,911,900	349,830,335
	......................................................................................................................................................24.09 Payable for securities					................. 39,208,753	................. 21,717,701
	..........................................................................................................................................24.10 Payable for securities lending					................491,364,752	............... 610,261,848
	24.11 Capital notes $	.................................0 and interest thereon $		0	.................................0	.................................0
25.	................................................................................................................................................Aggregate write-ins for liabilities					322,038,992	469,180,944
26.	.....................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)				27,898,273,271	30,236,977,441
27.	.........................................................................................................................................From Separate Accounts Statement					.......... 90,874,447,988	.......... 78,236,199,049
28.	Total liabilities (Lines 26 and 27)					118,772,721,259	108,473,176,490
29.	...............................................................................................................................................................Common capital stock						................... 2,750,000	................... 2,750,000
30.	...............................................................................................................................................................Preferred capital stock						.................................0	.................................0
31.	...........................................................................................................Aggregate write-ins for other than special surplus funds					.................................0	.................................0
32.	Surplus notes
					0	0
33.	Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1)	...............................................	1,468,049,768	1,468,049,768
34.	Aggregate write-ins for special surplus funds					10,253,897	0
35.	Unassigned funds (surplus)	.......................................................................................................................................................					................473,447,135	................371,275,996
36.	Less treasury stock, at cost:
	36.1		0 shares common (value included in Line 29	$	.................................	0	)
	.................................		0	0
	36.2		0 shares preferred (value included in Line 30	$	.................................	0	)	0	0
	.................................
37.	Surplus (Total Lines 31+32+33+34+35-36) (including $		........0 in Separate Accounts Statement)	1,951,750,800	1,839,325,764
38.	......................................................................................................................Totals of Lines 29, 30 and 37 (Page 4, Line 55)					1,954,500,800	1,842,075,764
39.	Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)						120,727,222,060	110,315,252,254
	DETAILS OF WRITE-INS
2501.	Margin call collateral
					................306,377,578	............... 440,489,866
2502.	...................................................................................................................................................................Unclaimed property						...................8,041,985	................... 8,792,994
2503.	Derivative payable
					7,271,579	6,222,579
2598.	..............................................................................................Summary of remaining write-ins for Line 25 from overflow page					.......................347,851	................. 13,675,505
2599.	Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above)						322,038,992	469,180,944
3101		....................................
3102		....................................
3103		....................................
3198.	..............................................................................................Summary of remaining write-ins for Line 31 from overflow page					.................................0	.................................0
3199.	Totals (Lines 3101 thru 3103 plus 3198)(Line 31 above)
					0	0
3401.	Admitted disallowed IMR						10,253,897	0

3402		....................................
3403		....................................
3498.	Summary of remaining write-ins for Line 34 from overflow page	.................................0	.................................0
3499.	Totals (Lines 3401 thru 3403 plus 3498)(Line 34 above)	10,253,897	0

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

SUMMARY OF OPERATIONS

1	2
Current Year	Prior Year

1. Premiums and annuity considerations for life and accident and health contracts (Exhibit 1, Part 1, Line 20.4, Col. 1 less

	Col. 8)	13,188,056,485	12,947,759,860
2.	Considerations for supplementary contracts with life contingencies	................... 6,950,078	................... 3,520,903
3.	Net investment income (Exhibit of Net Investment Income, Line 17)	............ 1,529,991,695	............ 1,499,021,658
4.	Amortization of Interest Maintenance Reserve (IMR, Line 5)	................. 20,400,355	................. (1,339,068)
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	.................................0	.................................0
6.	Commissions and expense allowances on reinsurance ceded (Exhibit 1, Part 2, Line 26.1, Col. 1)	................... 2,523,076	................... 2,484,232
7.	Reserve adjustments on reinsurance ceded	..............(199,225,860)	..............(183,102,183)
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate
	Accounts	................431,323,070	................429,859,087
	8.2 Charges and fees for deposit-type contracts	.................................0	.................................0
	8.3 Aggregate write-ins for miscellaneous income	304,460,220	316,988,142

9.	Total (Lines 1 to 8.3)	15,284,479,120	15,015,192,630
10.	Death benefits	.................................0	.................................0
11.	Matured endowments (excluding guaranteed annual pure endowments)	.................................0	.................................0
12.	Annuity benefits (Exhibit 8, Part 2, Line 6.4, Cols. 4 + 5 minus Analysis of Operations Summary, Line 18, Col. 1)	................374,120,131	................328,229,394
13.	Disability benefits and benefits under accident and health contracts	.................................0	.................................0
14.	Coupons, guaranteed annual pure endowments and similar benefits	.................................0	.................................0
15.	Surrender benefits and withdrawals for life contracts	.......... 15,914,651,695	...........13,773,427,257
16.	Group conversions	.................................0	.................................0
17.	Interest and adjustments on contract or deposit-type contract funds	................. 20,670,877	................. 52,610,319
18.	Payments on supplementary contracts with life contingencies	................... 8,136,849	................... 8,192,475
19.	Increase in aggregate reserves for life and accident and health contracts	(1,889,686,009)	767,512,329
20.	Totals (Lines 10 to 19)	14,427,893,543	.......... 14,929,971,775
21.	Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only) (Exhibit 1, Part
	2, Line 31, Col. 1)	............... 260,562,104	............... 262,204,492
22.	Commissions and expense allowances on reinsurance assumed (Exhibit 1, Part 2, Line 26.2, Col. 1)	........................ 10,569	........................ 12,400
23.	General insurance expenses and fraternal expenses (Exhibit 2, Line 10, Cols. 1, 2, 3, 4 and 6)	................571,257,948	............... 546,206,561
24.	Insurance taxes, licenses and fees, excluding federal income taxes (Exhibit 3, Line 7, Cols. 1 + 2 + 3 + 5)	................. 22,842,225	................. 26,536,774
25.	Increase in loading on deferred and uncollected premiums	.................................0	.................................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	..............(610,748,736)	.......... (1,409,490,285)
27.	Aggregate write-ins for deductions	6,582,322	8,566,602
28.	Totals (Lines 20 to 27)	14,678,399,974	14,364,008,320
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus
	Line 28)	606,079,147	651,184,310
30.	Dividends to policyholders and refunds to members	0	0

31. Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29

	minus Line 30)		606,079,147	651,184,310
32.	Federal and foreign income taxes incurred (excluding tax on capital gains)	(4,722,927)	10,399,886
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before
	realized capital gains or (losses) (Line 31 minus Line 32)		610,802,074	640,784,424
34.	Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of
	$	19,742,405 (excluding taxes of $	......................................(682,594) transferred to the IMR)	(33,992,211)	(91,674,521)
35.	Net income (Line 33 plus Line 34)		576,809,863	................549,109,903
		CAPITAL AND SURPLUS ACCOUNT
36.	...................................................................................Capital and surplus, December 31, prior year (Page 3, Line 38, Col. 2)	1,842,075,764	2,232,016,834
37.	Net income (Line 35)		576,809,863	................549,109,903
38.	Change in net unrealized capital gains (losses) less capital gains tax of $	(23,657,412)	..............(202,462,958)	..............(229,691,361)
39.	Change in net unrealized foreign exchange capital gain (loss)		................. (1,881,722)	.....................(956,501)
40.	...........................................................................................................................................Change in net deferred income tax		................. (7,539,505)	................. 18,045,806
41.	..................................................................................................................................................Change in nonadmitted assets		................(14,293,796)	................(75,318,264)
42.	.............................................................................Change in liability for reinsurance in unauthorized and certified companies	.................................0	.................................0
43.	Change in reserve on account of change in valuation basis, (increase) or decrease	.................................0	.................................0
44.	Change in asset valuation reserve		................. 73,214,809	................194,113,377
45.	..........................................................................Change in treasury stock (Page 3, Lines 36.1 and 36.2, Col. 2 minus Col. 1)	.................................0	.................................0
46.	..............................................................................Surplus (contributed to) withdrawn from Separate Accounts during period	.................................0	.................................0
47.	......................................................................................................Other changes in surplus in Separate Accounts Statement		.................................0	.................................0
48.	Change in surplus notes		.................................0	.................................0
49.	Cumulative effect of changes in accounting principles		.................................0	.................................0
50.	Capital changes:
	50.1 Paid in			.................................0	.................................0
	........................................................................................................................50.2 Transferred from surplus (Stock Dividend)		.................................0	.................................0
	50.3 Transferred to surplus		.................................0	.................................0
51.	Surplus adjustment:
	51.1 Paid in			.................................0	..............(173,000,000)
	.............................................................................................................................51.2 Transferred to capital (Stock Dividend)		.................................0	.................................0
	....................................................................................................................................................51.3 Transferred from capital		.................................0	.................................0
	51.4 Change in surplus as a result of reinsurance		.................................0	.................................0
52.	.........................................................................................................................................................Dividends to stockholders		..............(310,000,000)	..............(684,000,000)
53.	..................................................................................................................Aggregate write-ins for gains and losses in surplus		(1,421,655)	11,755,969
54.	Net change in capital and surplus for the year (Lines 37 through 53)	112,425,036	(389,941,070)
55.	Capital and surplus, December 31, current year (Lines 36 + 54) (Page 3, Line 38)		1,954,500,800	1,842,075,764
	DETAILS OF WRITE-INS
08.301. Miscellaneous income		181,207,090	................171,510,035
08.302. Recordkeeping fees		................123,253,130	................145,477,823
08.303. Reinsurance income		0	............................. 283
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	.............................................................................................	.................................0	.................................0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398)(Line 8.3 above)			304,460,220	316,988,142
2701.	Miscellaneous expense		4,152,948	................... 4,717,499
2702.	.................................................................................................................................................................Reinsurance expense		................... 2,429,374	................... 3,849,103
2703		....................................
2798.	..............................................................................................Summary of remaining write-ins for Line 27 from overflow page		.................................0	.................................0
2799.	Totals (Lines 2701 thru 2703 plus 2798)(Line 27 above)			6,582,322	8,566,602
5301.	Prior period adjustments		0	................. (3,635,310)
5302.	........................................................................................................................................Amortization of otherpost-employmentbenefits		(352,344)	...................... 100,987
5303.	Amortization of pension		(1,069,311)	................. 15,290,292
5398.	..............................................................................................Summary of remaining write-ins for Line 53 from overflow page		.................................0	.................................0
5399.	Totals (Lines 5301 thru 5303 plus 5398)(Line 53 above)			(1,421,655)	11,755,969

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

CASH FLOW

			1	2
			Current Year	Prior Year
	Cash from Operations
1.	Premiums collected net of reinsurance	.......... 13,194,000,764	.......... 12,949,909,441
2.	Net investment income	............ 1,647,990,253	............ 1,745,438,347
3.	Miscellaneous income	745,122,439	713,153,476
4.	Total (Lines 1 through 3)	15,587,113,455	15,408,501,264
5.	Benefit and loss related payments	.......... 16,512,184,199	.......... 14,344,287,228
6.	.......................................................Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts	..............(586,205,372)	...........(1,417,123,763)
7.	Commissions, expenses paid and aggregate write-ins for deductions	................872,004,345	................852,391,397
8.	Dividends paid to policyholders	.................................0	.................................0
9.	Federal and foreign income taxes paid (recovered) net of $	(12,899,865) tax on capital gains (losses)	(6,007,087)	45,706,671
10.	Total (Lines 5 through 9)	16,791,976,085	13,825,261,533
11.	Net cash from operations (Line 4 minus Line 10)	(1,204,862,630)	1,583,239,732

Cash from Investments

12. Proceeds from investments sold, matured or repaid:

	12.1	Bonds	............ 4,613,916,554	............ 5,124,923,660
	12.2	Stocks	................157,887,655	................. 24,337,007
	12.3	Mortgage loans	................451,112,413	................597,070,480
	12.4	Real estate	.................................0	.................................0
	12.5	Other invested assets	................131,862,626	................127,039,544
	12.6	Net gains or (losses) on cash, cash equivalents and short-term investments	.....................(111,479)	.....................(589,428)
	12.7	Miscellaneous proceeds	303,714,849	84,101,516
	12.8 Total investment proceeds (Lines 12.1 to 12.7)	............ 5,658,382,617	............ 5,956,882,780
13.	Cost of investments acquired (long-term only):
	13.1	Bonds	............ 3,185,433,224	............ 5,837,998,165
	13.2	Stocks	................... 6,174,128	................. 40,790,492
	13.3	Mortgage loans	................295,829,031	................587,669,850
	13.4	Real estate	.................................0	........................ 23,467
	13.5	Other invested assets	................229,567,838	................260,744,631
	13.6	Miscellaneous applications	0	182,411,932
	13.7	Total investments acquired (Lines 13.1 to 13.6)	3,717,004,221	6,909,638,538
14.	Net increase/(decrease) in contract loans and premium notes	2,229,910	(10,225,927)
15.	Net cash from investments (Line 12.8 minus Line 13.7 minus Line 14)	1,939,148,486	(942,529,831)
		Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1	Surplus notes, capital notes	.................................0	.................................0
	................................................................................................................16.2 Capital and paid in surplus, less treasury stock	.................................0	..............(173,000,000)
	.................................................................................................................................................................16.3 Borrowed funds	.....................(538,383)	.....................(590,855)
	..............................................................................16.4 Net deposits on deposit-type contracts and other insurance liabilities	................(55,093,761)	..............(125,001,624)

	.................................................................................................................................................16.5 Dividends to stockholders	................310,000,000	............... 684,000,000
	...........................................................................................................................................16.6 Other cash provided (applied)	(276,200,210)	248,770,522
17.	Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)	(641,832,354)	(733,821,957)
		RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

18.	........................................Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17)	92,453,502	(93,112,056)
19.	Cash, cash equivalents and short-term investments:
	...............................................................................................................................................................19.1 Beginning of year	................413,122,115	................506,234,171
	19.2 End of year (Line 18 plus Line 19.1)	505,575,617	413,122,115

Note: Supplemental disclosures of cash flow information for non-cash transactions:

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - SUMMARY

		1	2	3	4	5	6	7		8		9
										Other Lines of		YRT Mortality
		Total	Individual Life	Group Life	Individual Annuities	Group Annuities	Accident and Health	Fraternal		Business		Risk Only
1.	Premiums and annuity considerations for life and accident and health contracts	13,188,056,485	0	0	7,344,132	13,180,712,353	0	.................................	0	.................................	0	0
2.	Considerations for supplementary contracts with life contingencies	.................... 6,950,078	...............XXX	...............XXX	.................... 6,950,078	................................. 0	...............XXX	...............XXX	.................................	0	...............XXX
3.	Net investment income	..............1,529,991,695	................................. 0	................................. 0	...................18,741,031	..............1,511,250,664	................................. 0	.................................	0	.................................	0	................................. 0
4.	Amortization of Interest Maintenance Reserve (IMR)	.................. 20,400,355	................................. 0	................................. 0	....................... (35,543)	.................. 20,435,898	................................. 0	.................................	0	.................................	0	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	...............XXX	.................................	0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	.................... 2,523,076	....................... 169,984	...........................2,325	.................... 1,625,409	....................... 725,358	................................. 0	...............XXX	.................................	0	................................. 0
7.	Reserve adjustments on reinsurance ceded	(199,225,860)	(15,868,641)	0	(104,961,635)	(78,395,584)	0	...............XXX	.................................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and
	contract guarantees from Separate Accounts	.................431,323,070	.................... 1,728,060		.................................	0	...................17,697,437	.................411,897,573	.................................	0	...............XXX	................................. 0	................................. 0
					.................................	0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0			................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	304,460,220	(158,136)			0	90,921,844	213,696,512		0	0	0	0
9.	Totals (Lines 1 to 8.3)	15,284,479,120	(14,128,732)			2,325	38,282,755	15,260,322,773		0	0	0	0
10.	Death benefits	................................. 0	................................. 0		.................................	0	0	0	...............XXX	...............XXX	0	0
					.................................	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0			................................. 0	................................. 0	...............XXX	...............XXX	................................. 0	................................. 0
12.	Annuity benefits	.................374,120,131	...............XXX	...............XXX	.................... 3,859,071	.................370,261,060	...............XXX	...............XXX	................................. 0	...............XXX
					.................................	0			.................................	0
13.	Disability benefits and benefits under accident and health contracts	................................. 0	................................. 0			................................. 0	................................. 0		...............XXX	................................. 0	................................. 0
		................................. 0	................................. 0		.................................	0	................................. 0	................................. 0	.................................	0		................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits				...............XXX
			0		.................................	0
15.	Surrender benefits and withdrawals for life contracts	15,914,651,695			88,158,336	15,826,493,359	...............XXX	...............XXX	0	0
16.	Group conversions	0	0		.................................	0	0	0	.................................	0	...............XXX	0	0

17.	Interest and adjustments on contract or deposit-type contract funds				.................................	0			.................................	0	...............XXX
.................. 20,670,877	................................. 0			...................(4,319,930)	.................. 24,990,807		................................. 0	................................. 0
18.	Payments on supplementary contracts with life contingencies				.................................	0			...............XXX	...............XXX
.................... 8,136,849	................................. 0			.................... 8,136,849	................................. 0	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(1,889,686,009)	0			0	(17,976,125)	(1,871,709,884)		0	XXX	0	0
20.	Totals (Lines 10 to 19)	14,427,893,543	0		.................................	0	77,858,201	14,350,035,341	.................................	0	...............XXX	0	0
21.	Commissions on premiums, annuity considerations and deposit-type contract funds
	(direct business only)	.................260,562,104	....................... 169,508		...........................	2,325	.................. 60,078,670	.................200,311,447	..............................	155	................................. 0	................................. 0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	......................... 10,569	..............................477		.................................	0	................................. 0	......................... 10,092	.................................	0	...............XXX	................................. 0	................................. 0

					.................................	0			.................................	0
23.	General insurance expenses and fraternal expenses	571,257,948	0			26,251,914	545,006,034		0	0	0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	22,842,225	142		..............................	271	1,293,764	21,547,774	..............................	273	0	0	0

25.	Increase in loading on deferred and uncollected premiums				.................................	0			.................................	0	...............XXX
................................. 0	................................. 0			................................. 0	................................. 0		................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance				.................................	0			.................................	0	...............XXX
............... (610,748,736)	................. (14,140,195)			............... (153,096,751)	............... (443,511,790)		................................. 0	................................. 0
27.	Aggregate write-ins for deductions	6,582,322	0			0	3,108,645	3,473,677		0	0	0	0
28.	Totals (Lines 20 to 27)	14,678,399,974	(13,970,068)			2,595	15,494,443	14,676,872,575		429	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and
	federal income taxes (Line 9 minus Line 28)	606,079,147	(158,665)		............................	(271)	22,788,312	583,450,199	............................	(429)	0	0	0
30.	Dividends to policyholders and refunds to members	0	0			0	0	0		0	XXX	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and
	before federal income taxes (Line 29 minus Line 30)	606,079,147	(158,665)		............................	(271)	22,788,312	583,450,199	............................	(429)	0	0	0
32.	Federal income taxes incurred (excluding tax on capital gains)	(4,722,927)	1,236			2	(177,581)	(4,546,588)		3	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and
	federal income taxes and before realized capital gains or (losses) (Line 31 minus
	Line 32)	610,802,074	(159,901)			(273)	22,965,893	587,996,787		(432)	0	0	0
34.	Policies/certificates in force end of year	3,117,047	58,096			17,195	78,179	2,963,546		31	XXX	0	0
	DETAILS OF WRITE-INS
08.301. Miscellaneous income				.................................	0			.................................	0
.................181,207,090	......................(158,136)			.................. 43,867,453	.................137,497,773		................................. 0	................................. 0	................................. 0
08.302. Recordkeeping fees	.................123,253,130	................................. 0		.................................	0	...................47,054,391	...................76,198,739	.................................	0	................................. 0	................................. 0	................................. 0

.08.303	................................................................................................................................	....................................	....................................		....................................	....................................	....................................	....................................	....................................	....................................	....................................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	0		.................................	0	0	0	.................................	0	0	0	0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	304,460,220	(158,136)			0	90,921,844	213,696,512		0	0	0	0
2701.	Miscellaneous expense	4,152,948	0		.................................	0	678,169	3,474,779	.................................	0	0	0	0
2702.	Reinsurance expense				.................................	0			.................................	0
.................... 2,429,374	................................. 0			.................... 2,430,476	......................... (1,102)		................................. 0	................................. 0	................................. 0
2703	....................................	....................................		....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page				.................................	0			.................................	0
................................. 0	................................. 0			................................. 0	................................. 0		................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	6,582,322	0			0	3,108,645	3,473,677		0	0	0	0

6.1

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL LIFE INSURANCE (b)

		1		2		3	4	5	6	7	8		9		10		11		12
										Universal Life
										With Secondary			Variable		Credit Life		Other Individual		YRT Mortality
		Total		Industrial Life		Whole Life	Term Life	Indexed Life	Universal Life	Guarantees	Variable Life		Universal Life		(c)		Life		Risk Only
1.	Premiums for life contracts(a)	..........................	0	..........................	0	0	..........................0	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0
2.	Considerations for supplementary contracts with life contingencies	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
3.	Net investment income	..........................	0	..........................	0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0
4.	Amortization of Interest Maintenance Reserve (IMR)	..........................	0	..........................	0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................	0	..........................	0	..........................	0	..........................	0	..........................0

5. Separate Accounts net gain from operations excluding unrealized gains or

	losses	0	0	0	0	0	0	0	0	0	0	0	0
6.	Commissions and expense allowances on reinsurance ceded	.................169,984	..........................0	..........................0	..........................0	..........................0	..........................0	.......................198	..........................0	.................169,786	..........................0	..........................0	..........................0
7.	Reserve adjustments on reinsurance ceded	........... (15,868,641)	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	........... (15,868,641)	..........................0	..........................0	..........................0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management,
	administration and contract guarantees from Separate Accounts	.............. 1,728,060	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	.............. 1,728,060	..........................0	..........................0	..........................0
	8.2 Charges and fees for deposit-type contracts	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
	8.3 Aggregate write-ins for miscellaneous income	(158,136)	0	0	0	0	0	0	0	(158,136)	0	0	0
9.	Totals (Lines 1 to 8.3)	(14,128,732)	0	0	0	0	0	198	0	(14,128,931)	0	0	0
10.	Death benefits	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
11.	Matured endowments (excluding guaranteed annual pure endowments)
..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
12.	Annuity benefits	...........XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX	XXX
13.	Disability benefits and benefits under accident and health contracts	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
14.	Coupons, guaranteed annual pure endowments and similar benefits	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
15.	Surrender benefits and withdrawals for life contracts	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
16.	Group conversions	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
17.	Interest and adjustments on contract or deposit-type contract funds	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0
18.	Payments on supplementary contracts with life contingencies	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0	..........................0
19.	Increase in aggregate reserves for life and accident and health contracts ...	0	0	0	0	0	0	0	0	0	0	0	0
20.	Totals (Lines 10 to 19)	..........................0	..........................0	0	..........................0	..........................0	..........................0	..........................0	0	0	..........................0	..........................0	..........................0

21. Commissions on premiums, annuity considerations and deposit-type

	contract funds (direct business only)	169,508	0	0	0	0		..........................	0	198	0	169,309	0		0			...........XXX
22.	Commissions and expense allowances on reinsurance assumed				0		0		0		0		..........................	0		0		0		477		0		0		0
	477
23.	General insurance expenses					..........................0				..........................0			..........................0			..........................0		..........................	0			..........................0				..........................0				..........................0			..........................0		..........................0		..........................0
	..........................0
24.	Insurance taxes, licenses and fees, excluding federal income taxes					0					..........................	0			0			142
	.......................142			..........................0				..........................0		..........................0					..........................0					..........................0		..........................0		..........................0
25.	Increase in loading on deferred and uncollected premiums		..........................0			..........................0		0			..........................0		..........................0		..........................	0		..........................0		0			0		..........................0		..........................0		..........................0
26.	Net transfers to or (from) Separate Accounts net of reinsurance		...........(14,140,195)			..........................0		0			..........................0		..........................0		..........................	0		..........................0		0			(14,140,195)		..........................0		..........................0		..........................0
27.	Aggregatewrite-insfor deductions		0			0			0			0			0				0			0			0			0			0		0			0
28.	Totals (Lines 20 to 27)		(13,970,068)			0			0			0			0				0			198			0			(13,970,266)			0		0			0
29.	Net gain from operations before dividends to policyholders, refunds to
	members and federal income taxes (Line 9 minus Line 28)	................(158,665)			..........................0			0			..........................0			..........................0		..........................	0			..........................0			0			(158,665)			..........................0		..........................0			..........................0
30.	Dividends to policyholders and refunds to members		0			0			0			0			0				0			0			0			0			0		0			0
31.	Net gain from operations after dividends to policyholders, refunds to
	members and before federal income taxes (Line 29 minus Line 30)		................(158,665)			..........................0			0			..........................0			..........................0		..........................	0			..........................0			0			(158,665)			..........................0		..........................0			..........................0
32.	Federal income taxes incurred (excluding tax on capital gains)		1,236			0			0			0			0				0			0			0			1,236			0		0			0
33.	Net gain from operations after dividends to policyholders, refunds to
	members and federal income taxes and before realized capital gains or
	(losses) (Line 31 minus Line 32)		(159,901)			0			0			0			0				0			0			0			(159,901)			0		0			0
34.	Policies/certificates in force end of year		58,096			0			3,843			0			0			51,219			0			3,034			0			0		0			0
	DETAILS OF WRITE-INS
08.301.	Miscellaneous income																..........................	0
	............... (158,136)			..........................0		0			..........................0		..........................0					..........................0		0		(158,136)		..........................0		..........................0		..........................0
08.302.	.........................................................................................................		.............................			.............................				.............................			.............................			.............................		.............................				.............................				.............................				.............................			.............................		.............................		.............................
08.303.	.........................................................................................................		.............................			.............................				.............................			.............................			.............................		.............................				.............................				.............................				.............................			.............................		.............................		.............................
08.398. Summary of remaining write-ins for Line 8.3 from overflow page		..........................0			..........................0		0			..........................0		..........................0		..........................	0		..........................0		0		0		..........................0		..........................0		..........................0

08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)		(158,136)			0			0			0			0				0			0			0			(158,136)			0		0			0
2701	.............................			.............................			.............................		.............................			.............................		.............................			.............................			.............................			.............................			.............................		.............................			.............................
2702	.............................		.............................		.............................		.............................		.............................	.............................		.............................		.............................		.............................		.............................	.............................		.............................
2703	.............................			.............................			.............................		.............................			.............................	.............................			.............................			.............................			.............................			.............................	.............................			.............................
2798.	Summary of remaining write-ins for Line 27 from overflow page		..........................0			..........................0			0			..........................0			..........................0		..........................	0			..........................0			0			0			..........................0		..........................0			..........................0

2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)		0			0			0			0			0				0			0			0			0			0		0			0
(a) Include premium amounts for preneed plans included in Line 1	0
(b) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(c) Individual and Group Credit Life are combined and included on								page. (Indicate whether included with Individual or Group.)

6.2

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP LIFE INSURANCE (c)

		1		2	3	4	5	6	7		8		9
								Variable Universal	Credit Life		Other Group Life		YRT Mortality
		Total		Whole Life	Term Life	Universal Life	Variable Life	Life	(d)		(a)		Risk Only
1.	Premiums for life contracts (b)	...............................	0	0	............................... 0	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	............................... 0
2.	Considerations for supplementary contracts with life contingencies	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
3.	Net investment income	...............................	0	0	............................... 0	............................... 0	............................... 0	............................... 0		0		0	............................... 0
	...............................	...............................
4.	Amortization of Interest Maintenance Reserve (IMR)	...............................	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	...............................	0	...............................	0	............................... 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	...............................	0							0		0
	............................... 0	............................... 0	0	............................... 0	............................... 0	...............................	...............................	............................... 0
6.	Commissions and expense allowances on reinsurance ceded	.........................	2,325	............................... 0	............................... 0	............................... 0	............................... 0	.........................2,325	...............................	0	...............................	0	............................... 0
7.	Reserve adjustments on reinsurance ceded	...............................	0	0	0	0	0	0	...............................	0	...............................	0	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract
	guarantees from Separate Accounts	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
	8.2 Charges and fees for deposit-type contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
	8.3 Aggregate write-ins for miscellaneous income	0	0	0	0	0	0	0	0	0
9.	Totals (Lines 1 to 8.3)	2,325	0	0	0	0	2,325	0	0	0
10.	Death benefits	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
11.	Matured endowments (excluding guaranteed annual pure endowments)	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

12.	Annuity benefits	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX	...............XXX
13.	Disability benefits and benefits under accident and health contracts	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
15.	Surrender benefits and withdrawals for life contracts	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
16.	Group conversions	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
17.	Interest and adjustments on contract or deposit-type contract funds	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
18.	Payments on supplementary contracts with life contingencies	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
19.	Increase in aggregate reserves for life and accident and health contracts	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
20.	Totals (Lines 10 to 19)	............................... 0	0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0

21. Commissions on premiums, annuity considerations and deposit-type contract funds (direct

	business only)	2,325	0	0	0	0	2,325	0	0	...............XXX
22.	Commissions and expense allowances on reinsurance assumed	0	0	0	0	0	0	0	0	0
23.	General insurance expenses	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	............................ 271	............................... 0	............................... 0	0	............................... 0	............................ 271	0	............................... 0	............................... 0
25.	Increase in loading on deferred and uncollected premiums	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............................... 0	............................... 0	............................... 0	0	............................... 0	............................... 0	0	............................... 0	............................... 0
27.	Aggregate write-ins for deductions	0	0	0	0	0	0	0	0	0
28.	Totals (Lines 20 to 27)	2,595	0	0	0	0	2,596	0	0	0
29.	Net gain from operations before dividends to policyholders, refunds to members and federal
	income taxes (Line 9 minus Line 28)	...........................(271)	0	............................... 0	0	............................... 0	...........................(271)	0	............................... 0	............................... 0
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before
	federal income taxes (Line 29 minus Line 30)	...........................(271)	0	............................... 0	0	............................... 0	...........................(271)	0	............................... 0	............................... 0
32.	Federal income taxes incurred (excluding tax on capital gains)	2	0	0	0	0	2	0	0	0
33.	Net gain from operations after dividends to policyholders, refunds to members and federal
	income taxes and before realized capital gains or (losses) (Line 31 minus Line 32)	(273)	0	0	0	0	(273)	0	0	0
34.	Policies/certificates in force end of year	17,195	0	0	17,195	0	0	0	0	0
	DETAILS OF WRITE-INS
.08.301	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.302	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.08.303	..........................................................................................................................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
.........................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	0	0	0	0	0	0	0	0	0
2701	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2702
...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2703	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................	...................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0	............................... 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	0	0	0	0	0	0	0	0	0

(a) Includes the following amounts for FEGLI/SGLI:	Line 1	0, Line 10	0, Line 16	0, Line 23	0, Line 24	0
(b) Include premium amounts for preneed plans included in Line 1	0
(c) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which columns are affected.	......................................................................................................................................................................................
(d) Individual and Group Credit Life are combined and included on	page. (Indicate whether included with Individual or Group.)

6.3

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - INDIVIDUAL ANNUITIES (a)

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	Premiums for individual annuity contracts	7,344,132	138,813	0	5,616,811	1,532,547	55,961	0
2.	Considerations for supplementary contracts with life contingencies	.................... 6,950,078	...............XXX	...............XXX	...............XXX	...............XXX	.................... 6,950,078	...............XXX
3.	Net investment income	...................18,741,031	....................... 351,885	................................. 0	.................. 14,238,380	....................3,884,942	....................... 141,859	....................... 123,965
4.	Amortization of Interest Maintenance Reserve (IMR)	....................... (35,543)	............................ (672)	................................. 0	....................... (27,183)	.........................(7,417)	............................ (271)	................................. 0
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
6.	Commissions and expense allowances on reinsurance ceded	.................... 1,625,409	.........................30,723	................................. 0	.................... 1,243,117	....................... 339,184	.........................12,385	................................. 0
7.	Reserve adjustments on reinsurance ceded	(104,961,635)	(1,983,902)	0	(80,274,926)	(21,903,015)	(799,792)	0

8. Miscellaneous Income:

	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	...................17,697,437	................................. 0	................................. 0	...................17,697,437	................................. 0	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	90,921,844	1,718,529	0	69,537,087	18,973,195	692,809	224
9.	Totals (Lines 1 to 8.3)	38,282,755	255,376	0	28,030,724	2,819,436	7,053,029	124,189
10.	Death benefits	0	0	0	0	0	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
12.	Annuity benefits	.................... 3,859,071	.........................72,940	................................. 0	.................... 2,951,428	....................... 805,297	.........................29,406	................................. 0
13.	Disability benefits and benefits under accident and health contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	88,158,336	1,666,300	0	67,423,720	18,396,563	671,753	0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	...................(4,319,930)	......................(125,838)	................................. 0	...................(5,091,819)	.................. (1,389,303)	....................... (50,731)	.................... 2,337,761
18.	Payments on supplementary contracts with life contingencies	.................... 8,136,849	................................. 0	................................. 0	................................. 0	................................. 0	.................... 8,136,849	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(17,976,125)	(407,068)	0	(14,250,488)	(2,921,425)	(397,144)	0
20.	Totals (Lines 10 to 19)	77,858,201	1,206,334	0	51,032,841	14,891,132	8,390,133	2,337,761
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	.................. 60,078,670	.................... 1,593,351	................................. 0	...................45,948,319	.................. 12,537,000	................................. 0	................................. 0
22.	Commissions and expense allowances on reinsurance assumed	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
23.	General insurance expenses	26,251,914	494,175	0	19,995,877	5,455,875	199,222	106,765
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................... 1,293,764	.........................24,515	................................. 0	........................991,954	....................... 270,655	.......................... 9,882	.........................(3,242)
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............... (153,096,751)	................................. 0	................................. 0	.................(10,633,720)	............... (132,181,766)	.................(10,281,265)	................................. 0
27.	Aggregate write-ins for deductions	3,108,645	58,757	0	2,377,499	648,701	23,688	0
28.	Totals (Lines 20 to 27)	15,494,443	3,377,132	0	109,712,770	(98,378,403)	(1,658,340)	2,441,284
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	22,788,312	(3,121,756)	0	(81,682,046)	101,197,839	8,711,369	(2,317,095)
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .	22,788,312	(3,121,756)	0	(81,682,046)	101,197,839	8,711,369	(2,317,095)
32.	Federal income taxes incurred (excluding tax on capital gains)	(177,581)	24,326	0	636,515	(788,594)	(67,884)	18,056
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital
	gains or (losses) (Line 31 minus Line 32)	22,965,893	(3,146,082)	0	(82,318,561)	101,986,433	8,779,253	(2,335,151)
34.	Policies/certificates in force end of year	78,179	3,103	417	35,985	32,942	5,117	615
	DETAILS OF WRITE-INS
............................................................................................................................................................................08.301. Recordkeeping fees	.................. 47,054,390	....................... 889,385	................................. 0	.................. 35,987,318	.................... 9,819,140	....................... 358,547	................................. 0
........................................................................................................................................................................08.302. Miscellaneous income	.................. 43,867,454	....................... 829,144	................................. 0	...................33,549,769	.................... 9,154,055	....................... 334,262	..............................224
.08.303	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	90,921,844	1,718,529	0	69,537,087	18,973,195	692,809	224
2701.	Reinsurance expense	2,430,475	45,939	0	1,858,833	507,183	18,520	0
2702.	Miscellaneous expense	....................... 678,170	.........................12,818	................................. 0	....................... 518,666	....................... 141,518	...........................5,168	................................. 0
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	3,108,645	58,757	0	2,377,499	648,701	23,688	0

(a) Indicate if blocks of business in run-off that comprise less than 5% of premiums and less than 5% of reserve and loans liability are aggregated with material blocks of business and which which columns are affected.

............................................................................................................................................................................

6.4

ANNUAL STATEMENT FOR THE YEAR 2023 OF THE VOYA RETIREMENT INSURANCE AND ANNUITY COMPANY

ANALYSIS OF OPERATIONS BY LINES OF BUSINESS - GROUP ANNUITIES (a)

		1		Deferred		6	7
			2	3	4	5	Life Contingent
					Variable Annuities	Variable Annuities	Payout (Immediate
		Total	Fixed Annuities	Indexed Annuities	with Guarantees	Without Guarantees	and Annuitizations)	Other Annuities
1.	Premiums for group annuity contracts	13,180,712,353	1,701,906,790	0	0	11,467,307,840	11,497,723	0
2.	Considerations for supplementary contracts with life contingencies	................................. 0	...............XXX	...............XXX	...............XXX	...............XXX	................................. 0	...............XXX
3.	Net investment income	..............1,511,250,664	..............1,341,644,290	................................. 0	................................. 0	.................128,432,656	.................... 1,951,884	.................. 39,221,834
4.	Amortization of Interest Maintenance Reserve (IMR)	.................. 20,435,898	.................. 22,361,968	................................. 0	................................. 0	.................. (1,757,026)	......................(184,300)	.........................15,256
5.	Separate Accounts net gain from operations excluding unrealized gains or losses	0	0	0	0	0	................................. 0	0
6.	Commissions and expense allowances on reinsurance ceded	....................... 725,358	....................... 511,200	................................. 0	................................. 0	....................... 214,158	................................. 0	................................. 0
7.	Reserve adjustments on reinsurance ceded	.................(78,395,584)	.................(56,965,856)	................................. 0	................................. 0	.................. (6,187,645)	.................(15,242,083)	................................. 0
8.	Miscellaneous Income:
	8.1 Income from fees associated with investment management, administration and contract guarantees from Separate Accounts	.................411,897,573	................................. 0	................................. 0	....................... 310,315	.................411,587,258	................................. 0	................................. 0
	8.2 Charges and fees for deposit-type contracts	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
	8.3 Aggregate write-ins for miscellaneous income	213,696,512	22,084,356	0	35,313,666	156,161,582	136,908	0
9.	Totals (Lines 1 to 8.3)	15,260,322,773	3,031,542,748	0	35,623,981	12,155,758,822	(1,839,868)	39,237,090
10.	Death benefits	................................. 0	0	0	0	0	0	0
11.	Matured endowments (excluding guaranteed annual pure endowments)	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
12.	Annuity benefits	.................370,261,060	.................155,988,870	................................. 0	................................. 0	.................210,924,315	....................3,347,875	................................. 0
13.	Disability benefits and benefits under accident and health contracts	0	0	0	0	0	................................. 0	0
14.	Coupons, guaranteed annual pure endowments and similar benefits	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
15.	Surrender benefits and withdrawals for life contracts	............ 15,826,493,359	..............3,909,881,743	................................. 0	................................. 0	............ 11,915,462,364	.................... 1,149,252	................................. 0
16.	Group conversions	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
17.	Interest and adjustments on contract or deposit-type contract funds	.................. 24,990,807	......................(395,757)	................................. 0	................................. 0	.................(13,886,756)	......................(317,926)	...................39,591,245
18.	Payments on supplementary contracts with life contingencies	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
19.	Increase in aggregate reserves for life and accident and health contracts	(1,871,709,884)	(227,012,662)	0	(677,509,678)	(977,380,421)	10,192,877	0
20.	Totals (Lines 10 to 19)	14,350,035,341	3,838,462,194	0	(677,509,678)	11,135,119,502	14,372,079	39,591,245
21.	Commissions on premiums, annuity considerations and deposit-type contract funds (direct business only)	200,311,447	24,940,651	0	0	175,370,796	................................. 0	0
22.	Commissions and expense allowances on reinsurance assumed	......................... 10,092	................................. 0	................................. 0	................................. 0	......................... 10,092	................................. 0	................................. 0
23.	General insurance expenses	.................545,006,034	.........................81,655	................................. 0	................................. 0	.................544,116,920	....................... 807,459	................................. 0
24.	Insurance taxes, licenses and fees, excluding federal income taxes	.................. 21,547,774	................................. 0	................................. 0	................................. 0	.................. 21,547,774	................................. 0	................................. 0
25.	Increase in loading on deferred and uncollected premiums	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
26.	Net transfers to or (from) Separate Accounts net of reinsurance	............... (443,511,790)	................................. 0	................................. 0	.................. (8,887,928)	............... (419,767,959)	.................(14,855,903)	................................. 0
27.	Aggregate write-ins for deductions	3,473,677	(424)	0	(678)	3,474,478	301	0
28.	Totals (Lines 20 to 27)	14,676,872,575	3,863,484,076	0	(686,398,284)	11,459,871,602	323,935	39,591,245
29.	Net gain from operations before dividends to policyholders, refunds to members and federal income taxes (Line 9 minus Line 28)	583,450,198	(831,941,328)	0	722,022,265	695,887,220	(2,163,803)	(354,156)
30.	Dividends to policyholders and refunds to members	0	0	0	0	0	0	0
31.	Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30) .	583,450,198	(831,941,328)	0	722,022,265	695,887,220	(2,163,803)	(354,156)
32.	Federal income taxes incurred (excluding tax on capital gains)	(4,546,588)	1,300,124	0	(443,569)	(5,422,765)	16,862	2,760
33.	Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital
	gains or (losses) (Line 31 minus Line 32)	587,996,786	(833,241,452)	0	722,465,834	701,309,985	(2,180,665)	(356,916)
34.	Policies/certificates in force end of year	2,963,546	550,815	0	349,376	2,034,740	28,396	219
	DETAILS OF WRITE-INS
........................................................................................................................................................................08.301. Miscellaneous income	.................137,497,773	.................. 14,984,428	................................. 0	.................. 23,960,630	.................. 98,415,807	....................... 136,908	................................. 0
08.302. Recordkeeping fees	76,198,739	7,099,928	0	11,353,036	57,745,775	0	0
.08.303	..........................................................................................................................................................................................................	....................................	....................................	....................................	....................................	....................................	....................................	....................................
..........................................................................................................08.398. Summary of remaining write-ins for Line 8.3 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
08.399. Totals (Lines 08.301 thru 08.303 plus 08.398) (Line 8.3 above)	213,696,512	22,084,356	0	35,313,666	156,161,582	136,908	0
2701.	Miscellaneous expense	3,474,779	0	0	0	3,474,478	301	0
2702.	Reinsurance expense	......................... (1,102)	............................ (424)	................................. 0	............................ (678)	................................. 0	................................. 0	................................. 0
2703	....................................	....................................	....................................	....................................	....................................	....................................	....................................
2798.	Summary of remaining write-ins for Line 27 from overflow page	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0	................................. 0
2799.	Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)	3,473,677	(424)	0	(678)	3,474,478	301	0

......................................................................................................................................................................................

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Disclaimer

Voya Financial Inc. published this content on 29 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 February 2024 20:18:39 UTC.

Voya Retirement Insurance and Annuity Company – Annual Statement 2023

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