UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— Commission File Number: 001-35897 FORM 10-K Voya Financial, Inc. ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Delaware ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897 Voya Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 52-122282 ...

Financial Data and Key Metrics Changes - The company generated $1.74 per share of adjusted operating earnings in Q3 2023, including notable items, and is on track to achieve an EPS target of 12% to 17% for the three-year period ending in 2024 [6][7][38] - Adjusted operating EPS was $2.07, compared to $2.24 in the prior-year quarter, reflecting a decrease [20] - GAAP net income was $248 million, and free cash flow generation was over $200 million, exceeding the 90% target [21][36] Business Line Data and Key Metrics Changes - In Wealth Solutions, full-service recurring deposits increased by 10%, with total client assets rising to $510 billion, including $3 billion in net flows for Q3 [7][22] - Health Solutions saw annualized in-force premiums and fees grow by 21%, with total aggregate loss ratio at 66% on a trailing 12-month basis [8][27] - Investment Management experienced net outflows of $4.3 billion in Q3, primarily due to the transition from the former international distribution partnership [32] Market Data and Key Metrics Changes - The international retail segment contributed over $1 billion in positive net flows, indicating strong market performance [9] - The company anticipates premium growth at the high end of the 7% to 10% target range in Health Solutions for 2024 [9][31] - Investment Management's unfunded pipeline is over $10 billion, with expectations of returning to at least 2% organic growth [10][33] Company Strategy and Development Direction - The company is focused on successful integration of strategic acquisitions, including AllianzGI and Benefitfocus, to diversify revenues and enhance market presence [13][15] - The acquisition of Voya India is expected to enhance technology and customer experience, driving growth in workplace and investment management businesses [16][17] - The company aims to maintain expense discipline while investing for growth, with a strong pipeline supporting future expansion [11][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the EPS growth target despite macroeconomic headwinds and moderating stop-loss favorability [46] - The company is optimistic about the growth pipeline across all business segments, with a focus on capital return to shareholders [43][63] - Management highlighted the importance of mental health offerings and community support initiatives as part of their strategic vision [18] Other Important Information - The company maintained a strong exit capital position of approximately $400 million and generated $200 million of excess capital in Q3 [12][36] - The company plans to return approximately $200 million in capital in Q4, focusing on share repurchases and dividends [43][36] Q&A Session All Questions and Answers Question: Additional color on investment management pipeline and NNIP relationship - Management expects outflows from the NNIP relationship in Q4 of $0.5 billion to $1 billion, with a pipeline over 3x the size compared to the previous year [40][41] Question: EPS CAGR expectations - Management remains confident in the 12% to 17% EPS growth guidance, though recent macro headwinds may affect reaching the top end of the range [45][46] Question: Benefitfocus cross-selling and growth expectations - Management indicated that cross-selling efforts are ongoing, but significant changes may take time due to the technology-driven sales cycle [52][56] Question: Impact of Department of Labor fiduciary rule - Management acknowledged it is early to assess the impact but is focused on delivering for participants [57] Question: Confidence in wealth solutions pipeline - Management expressed high confidence in the $12 billion pipeline, indicating clients are in implementation [59][60] Question: Capital deployment strategy - Management plans to continue deploying capital generated in prior quarters while returning excess capital to shareholders [62][63] Question: Voya India and expense discipline - Management emphasized ongoing expense discipline and opportunities for savings through automation and technology [66][68] Question: Alternative investment income performance - Management plans to pre-release alternative investment performance to provide better guidance [72] Question: Legal reserve details - Management indicated that the legal reserve is not yet at a stage for detailed disclosure but is considered a non-repeatable item [75][76] Question: Medical stop-loss business volatility - Management acknowledged the volatility in the medical stop-loss business and emphasized a disciplined approach to underwriting [86][88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897 Voya Financial, Inc. | (Exact name of registrant as specified in its charter) | | | | | --- | --- | --- | --- | | Delaware | | | 52-1222820 | | (State or other jurisdiction of incorporation or organization) | | | (IRS Employer Identification No. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897 Voya Financial, Inc. | (Exact name of registrant as specified in its charter) | | | | | --- | --- ...

Financial Data and Key Metrics Changes - Voya Financial reported adjusted operating EPS of $1.44 for Q1 2023, down from $1.55 in the prior year quarter, but adjusted operating earnings per share excluding notable impacts was $1.69 [13] - GAAP net income for the first quarter was $69 million, which included approximately $50 million of cash impacts from the acquisition of Benefitfocus [13] - The company concluded the quarter with approximately $500 million of excess capital and a free cash flow conversion rate of over 90% [8][21] Business Line Data and Key Metrics Changes - Wealth Solutions saw full service recurring deposits grow nearly 10%, with adjusted operating earnings of $132 million in Q1 2023 [15][16] - Health Solutions achieved annualized enforced premiums and fees growth of 22%, with adjusted operating earnings of $94 million [8][18] - Investment Management experienced net outflows largely due to challenging market conditions, but total assets under management increased nearly 30% year-over-year [19][20] Market Data and Key Metrics Changes - The company reported that full service recurring deposits grew 9.6% on a trailing 12-month basis, with expectations for full year deposit growth to exceed 10% [16] - Annualized enforced premiums in Health Solutions grew 15% year-over-year, exceeding the long-term target of 7% to 10% [17][18] - Investment Management's organic growth is expected to be between 2% to 4% in 2023, despite experiencing negative flows in the first quarter [19][44] Company Strategy and Development Direction - Voya Financial aims to achieve a 12% to 17% annual compound growth in EPS over the three-year period ending in 2024, focusing on executing its plans and integrating acquired businesses [7][25] - The company plans to increase its dividend yield to approximately 2% in the second half of 2023, subject to board approval, and intends to resume share repurchases in Q2 2023 [8][23] - Recent acquisitions, including Benefitfocus and AllianzGI, are expected to drive revenue and earnings growth, enhancing Voya's market position [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capital generation capabilities, with a focus on maintaining a competitive dividend and managing expenses effectively [28][49] - The company remains optimistic about its growth trajectory, despite macroeconomic challenges, and is committed to delivering strong returns for shareholders [25][38] - Management highlighted the importance of addressing clients' growing health, wealth, and investment needs while maintaining a strong corporate culture [12] Other Important Information - Voya Financial has been recognized as one of the world's most ethical companies for the 10th consecutive year [12] - The company has generated $5.7 billion of capital since 2018, with a significant portion deployed in share repurchases [24] Q&A Session Summary Question: What conditions would prevent the resumption of buybacks? - Management indicated confidence in capital generation and plans to resume share repurchases in Q2, contingent on constructive market conditions [26][27] Question: What drove elevated surrenders in the full service business? - Management noted that a large case departure and higher participant surrenders impacted full service inflows, but expressed confidence in the long-term flow story [29][31] Question: Can you discuss the investment management pipeline? - Management affirmed a strong pipeline for investment management, with expectations for organic growth of 2% to 4% in 2023, despite some challenges in institutional flows [33][34] Question: How sustainable is the strong capital generation? - Management expressed confidence in their capital generation capabilities, supported by a capital-light business model and recent interest expense savings [36][38] Question: What drove the uptick in expenses this quarter? - Management explained that seasonal expenses and increased growth-related costs contributed to the uptick, but they expect a decline in expenses in future periods [40][41] Question: What is the outlook for the benefits ratio in the health business? - Management indicated that the strong first quarter experience would influence the full year outlook, but they expect the benefits ratio to revert to long-term targets [55][56] Question: How accurate are the LTVs in the commercial loan portfolio? - Management stated that they maintain a high-quality portfolio with rigorous internal underwriting processes, ensuring confidence in their LTV assessments [51][52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: _001-35897______________________________________ Voya Financial, Inc. (Exact name of registrant as specified in i ...

Voya Financial, Inc. (NYSE:VOYA) Q4 2022 Earnings Conference Call February 8, 2023 10:00 AM ET Company Participants Michael Katz - EVP, Finance Rod Martin - Chairman & CEO Heather Lavallee - President & CEO Don Templin - CFO Rob Grubka - CEO, Workplace Solutions Conference Call Participants Ryan Krueger - KBW Elyse Greenspan - Wells Fargo Erik Bass - Autonomous Research Tom Gallagher - Evercore Andrew Kligerman - Credit Suisse John Barnidge - Piper Sandler Alex Scott - Goldman Sachs Jimmy Bhullar - JPMorgan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897______________________________________ Voya Financial, Inc. | Securities registered pursuant to Sect ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897______________________________________ Voya Financial, Inc. | Securities registered pursuant to Section 12(b) ...