Shares of Voya Financial, Inc. (VOYA) have gained 18.5% in the past three months compared with the industry’s growth of 16.5% and the Zacks S&P 500 composite’s return of 6.4%. Currently priced at $79.93, the stock is a little below its 52-week high of $84.30. This proximity underscores investor confidence. It has the ingredients for further price appreciation. VOYA Outperforms Industry & S&P in Three MonthsImage Source: Zacks Investment ResearchThe stock is trading above the 50-day and 200-day simple moving ...

Financial Data and Key Metrics Changes - The company reported adjusted operating EPS of $1.90, a 9% increase compared to Q3 2023, driven by nearly 20% growth in Wealth Solutions and over 10% growth in Investment Management earnings [8][18] - Third quarter GAAP net income was below adjusted operating earnings primarily due to non-cash items [19] - Total capital return in the quarter was $193 million, including $149 million in share repurchases [31] Business Line Data and Key Metrics Changes - Wealth Solutions earnings were $211 million, an 18% increase year-over-year, with full-service sales up 25% year-over-year [26][24] - Investment Management achieved $3.8 billion in net inflows, marking the third consecutive quarter of positive net flows, exceeding the organic growth target for the year [28][27] - Health Solutions reported adjusted operating earnings of $23 million, significantly impacted by unfavorable loss ratio developments in Stop Loss [22] Market Data and Key Metrics Changes - The company maintained a leading position in the government market by participants and assets, with full-service net outflows of $222 million [24] - Retail client assets increased over 20% year-over-year to $31 billion, supported by investments in the retail wealth management business [25] - The mid-market sales for the year were significantly higher than total sales in 2023, indicating strong commercial momentum [10] Company Strategy and Development Direction - The company is focused on improving Stop Loss margins by prioritizing higher margins over premium growth for the 2025 book, with targeted average rate increases of 100% for January 2025 renewals [12][21] - The acquisition of OneAmerica's retirement business is expected to close on January 1, 2025, contributing at least $75 million of adjusted pretax operating earnings in the first year [15][33] - Continued emphasis on profitable growth and integration of the OneAmerica business is expected to enhance market share and operational capabilities [13][16] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with Stop Loss results but highlighted strong performance in Wealth and Investment Management, indicating a robust capital return story for the year [35] - The company is confident in its ability to improve underwriting margins and achieve targeted loss ratios through active repricing and strategic actions [82][39] - Management anticipates significant improvements in excess capital generation in 2025, driven by Stop Loss repricing and the OneAmerica acquisition [17][33] Other Important Information - The company has a strong focus on integrating technology from OneAmerica to enhance service delivery and participant engagement [46][100] - The company issued $400 million of senior debt at a 5% coupon rate, with plans to retire maturing debt in early 2025 [32] Q&A Session Summary Question: Can you provide more color on the underlying claim trends in Stop Loss? - Management noted disappointment with Stop Loss results, with elevated claims across all categories driving reserve assumptions. They are actively repricing the book to improve margins [36][37] Question: Will the loss ratio likely remain above the target in 2025? - Management is targeting a 77% to 80% loss ratio for 2025, with significant rate increases expected to improve margins [39][40] Question: What is the expected impact of the OneAmerica acquisition on retention? - Management expects lower persistency for the OneAmerica business, around 90%, but believes the transition to similar technology will help maintain service levels [44][46] Question: How should we think about EPS guidance for the next few years? - Management indicated that the guidance includes contributions from OneAmerica and expects organic growth from both Investment Management and Wealth Solutions to support future EPS growth [48] Question: Can you comment on the distribution expansion from the Allianz partnership? - Management expressed satisfaction with the flow picture, highlighting strong demand in both US and international markets, contributing to net inflows exceeding organic growth targets [51][52] Question: What is the expected participant growth in Wealth Solutions? - Management anticipates a 15% participant growth in Wealth Solutions for 2025, with strong momentum in both recordkeeping and full-service segments [58][59]

Core Viewpoint - Voya Financial, Inc. reported strong third-quarter 2024 results with adjusted operating earnings of $2.12 per share, exceeding estimates and showing a year-over-year increase of 2.4% [1] Financial Performance - Adjusted operating revenues reached $1.97 billion, reflecting a 7.6% year-over-year increase driven by higher fee income, premiums, and other revenues [2] - Net investment income decreased by 7.5% year over year to $506 million [2] - Fee income rose to $489 million, up 10.4% year over year, while premiums totaled $796 million, marking a 16.7% increase from the previous year [2] - Total benefits and expenses were $1.8 billion, an increase of 11.4% year over year [2] Segment Performance - Wealth Solutions reported adjusted operating earnings of $211 million, a 17.8% increase year over year, primarily due to growth in fee-based revenues [4] - Health Solutions adjusted operating earnings were $23 million, down 56.6% year over year, despite annualized in-force premiums and fees growing 16% to $3.9 billion [5] - Investment Management posted adjusted operating earnings of $55 million, up 12.2% year over year, with net inflows of $3.8 billion during the quarter [6] - Corporate incurred pre-tax adjusted operating losses of $59 million, wider than the $52 million loss from the previous year [7] Financial Update - Voya Financial ended the quarter with cash and cash equivalents of $1.4 billion, a 75.7% increase year over year [8] - Total investments amounted to $36 billion, down 0.4% year over year [8] - Long-term debt was $2.1 billion, up 0.2% from the end of 2023, with a financial leverage ratio of 30.6%, deteriorating by 280 basis points year over year [8] - Book value per share increased by 5.9% year over year to $60.96 [8] Capital Deployment - Voya Financial returned $0.2 billion of excess capital in the third quarter through $149 million in share repurchases and $44 million in common stock dividends [10] Assets Under Management - As of September 30, 2024, Voya Financial's assets under management, administration, and advisement totaled $391.6 million [3]

Voya Financial (VOYA) reported $289 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.9%. EPS of $2.12 for the same period compares to $2.07 a year ago.The reported revenue represents a surprise of -9.11% over the Zacks Consensus Estimate of $317.98 million. With the consensus EPS estimate being $2.05, the EPS surprise was +3.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Core Viewpoint - Voya Financial reported quarterly earnings of $2.12 per share, exceeding the Zacks Consensus Estimate of $2.05 per share, and showing a slight increase from $2.07 per share a year ago, indicating a positive earnings surprise of 3.41% [1] Financial Performance - The company posted revenues of $289 million for the quarter ended September 2024, which fell short of the Zacks Consensus Estimate by 9.11%, compared to $281 million in the same quarter last year [2] - Over the last four quarters, Voya has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Voya shares have increased approximately 9.6% since the beginning of the year, while the S&P 500 has gained 20.1%, indicating underperformance relative to the broader market [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.18 on revenues of $317.29 million, and for the current fiscal year, it is $8.14 on revenues of $1.25 billion [7] - The estimate revisions trend for Voya is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Insurance - Life Insurance industry, to which Voya belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Core Insights - Voya Financial reported a revenue of $324 million for the quarter ended June 2024, which is a 6.6% decrease compared to the same period last year, and the EPS was $2.27, down from $2.31 year-over-year [7] Revenue Performance - The reported revenue represents a surprise of -0.38% over the Zacks Consensus Estimate of $325.25 million [1] - Adjusted Operating Revenues for Investment Management showed various metrics, including net investment income and net gains/losses [4][5] Client Assets - Total AUM and AUA for Wealth Solutions was reported at $580.57 billion, which is lower than the estimated $586.37 billion [9] - Client Assets for Wealth Solutions - Recordkeeping were also monitored, indicating the importance of this segment [10] Analyst Estimates - The average estimate for total AUM and AUA in Wealth Solutions was $201.74 billion, while the reported figure was $199.20 billion [23] - Other key metrics included fee income and premiums, with reported figures often falling short of analyst estimates [11][12] Year-over-Year Changes - Several revenue categories showed year-over-year changes, such as a +9.1% change in a specific revenue category compared to the year-ago quarter [17] - The company’s stock has returned +3.5% over the past month, outperforming the S&P 500 composite's +0.1% change [21]

Voya FinancialPage 16 of 45 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------|-----------|-----------|------------------------------------------|-------------|-----------|------------------------------------------|-----------| | (in millions USD) | 6/30/2024 | 3/31/2024 | Three Months Ended or As of \n12/31/2023 | \n9/30/2023 | 6/30/2023 | Twelve Months Ended or As of \n6/30/2024 | 6/30/2023 | | Full Service - Corporate ...

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, 2024 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) | | | | | --- | --- ...

Exhibit 99.2 Quarterly Investor Supplement March 31, 2024 This report should be read in conjunction with Voya Financial, Inc.'s Quarterly Report on Form 10-Q for the Three Months Ended March 31, 2024. Voya Financial's Annual Reports on Form 10-K, and Quarterly Reports on Form 10-Q, can be accessed upon filing at the Securities and Exchange Commission's website at www.sec.gov, and at our website at investors.voya.com. All information is unaudited. Corporate Offices: Investor Contact: Voya Financial Michael K ...

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 ...