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Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It indicates the efficiency of the insurance company before considering its claims and investment gains or losses.
The historical rank and industry rank for Voya Financial's Expense Ratio % or its related term are showing as below:
VOYA's Expense Ratio % is not ranked *
in the Diversified Financial Services industry.
Industry Median: * Ranked among companies with meaningful Expense Ratio % only.
Voya Financial (NYSE:VOYA) Expense Ratio % Explanation
Expense Ratio % is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. It can be used to make comparisons between insurance companies as well as measure their performance. An expense ratio below 100% suggests that the premiums an insurance company earned or wrote are more than the expenses it paid to support those premiums.
However, we should keep in mind that the ratio does not indicate an ending profitability. The overall profit is also influenced by the claims, investment gains or losses and other income. The ratio can be combined with Claims Ratio % and Combined Ratio % to get an overall performance of an insurance company.
Voya Financial Expense Ratio % Related Terms
Voya Financial Expense Ratio % Historical Data
* Premium members only.
The historical data trend for Voya Financial's Expense Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
VOYA vs FRHC, HTH, TMS: Expense Ratio % Comparison
For the Financial Conglomerates subindustry, Voya Financial's Expense Ratio %, along with its competitors' market caps and Expense Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Voya Financial (NYSE:VOYA) Expense Ratio % Calculation
Expense Ratio % is calculated as:
Expense Ratio %
=
Expenses of Acquiring, Underwriting and Servicing Premiums
/
Net Premium Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Expense Ratio % of 0.00% mean?
Voya Financial (VOYA) has a Expense Ratio % of 0.00% as of Dec. 2025. Expense Ratio is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. View historical data on Voya Financial and its competitors.
Is Voya Financial's Expense Ratio % too high?
Voya Financial's current Expense Ratio % is 0.00%. Overall, Voya Financial has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Voya Financial's Expense Ratio % compare to FRHC and HTH?
Voya Financial's Expense Ratio % of 0.00% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Expense Ratio % for a Diversified Financial Services company?
A good Expense Ratio % depends on the Diversified Financial Services industry context. However, Expense Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Expense Ratio % mean?
A high Expense Ratio % can signal that a stock is expensive relative to its fundamentals. Expense Ratio is the percentage of expenses associated with acquiring, underwriting, and servicing premiums to net premium earned. View historical data on Voya Financial and its competitors. Voya Financial's current Expense Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Financial stock overvalued right now?
Based on GuruFocus' analysis, Voya Financial (VOYA) is currently considered Modestly Overvalued. The stock's GF Value™ is $82.98, compared to a current price of $102.87 — trading 24% above its estimated fair value. The current Expense Ratio % is 0.00%. Voya Financial's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Expense Ratio % calculated?
Expense Ratio % is calculated from a company's financial statements. For Voya Financial (VOYA), the current Expense Ratio % is 0.00% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Voya Financial (VOYA) Overvalued in 2026?
Based on GuruFocus' analysis, Voya Financial stock appears to be overvalued.
The current stock price of $102.87 is trading 24% above its estimated GF Value™ of $82.98.
GuruFocus considers Voya Financial to be Modestly Overvalued.
Key valuation signals for VOYA:
Expense Ratio %: 0.00%
GF Value™: $82.98 vs. price of $102.87 (24% above fair value)
No single metric tells the full story. See the VOYA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Retirement, Investment Management and Employee Benefits.The majority revenue is from Retirement segment.
77GF Score
Get the complete analysis for VOYA
Expense Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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