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 ...

Financial Data and Key Metrics Changes - For Q4 2023, the company reported adjusted operating earnings of $1.63 per share, contributing to a full-year adjusted operating earnings of $7.02 per share, reflecting a 7% increase excluding alternative and prepayment income [8][25][26] - The company generated approximately $800 million of excess capital in 2023, with expectations to generate at least $800 million in 2024 [14][47] - Cash generation for Q4 and the full year was approximately $200 million and $800 million respectively, with a consistent track record of generating cash above the 90% target [26][47] Business Line Data and Key Metrics Changes - Wealth Solutions generated $187 million of adjusted operating earnings in Q4 and $742 million for the full year, with net revenues driven by fee-based revenues and recordkeeping net inflows [30][28] - Health Solutions achieved record adjusted operating earnings of $341 million in 2023, with net revenues growing nearly 36% year-over-year [36][33] - Investment Management delivered adjusted operating earnings of $47 million in Q4 and $180 million for the full year, with net revenues growing approximately 17% [44][39] Market Data and Key Metrics Changes - In Health Solutions, annualized in-force premiums and fees grew 20% in 2023, with expectations for at least 15% growth in 2024 [13][38] - The company ended 2023 with $544 billion of total client assets, including $185 billion in full-service AUM [28] - The Investment Management pipeline includes over $10 billion for 2024, with strong demand in international markets, particularly in Asia-Pacific [46][23] Company Strategy and Development Direction - The company aims for annual EPS growth exceeding 10% starting in 2025, supported by a diversified capital-light business model [11][50] - The strategy focuses on integrating new capabilities, expanding distribution, and enhancing customer experience through technology investments [15][49] - The company is committed to returning capital to shareholders through share repurchases and dividends, with a focus on maintaining excess capital until macro conditions improve [48][74] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the investment management sector but expressed confidence in returning to positive flows in 2024 due to strong investment performance and improved client confidence [42][60] - The company expects a more consistent performance in Health Solutions throughout 2024, following a year of record growth [56][57] - Management remains focused on disciplined expense management while investing in growth initiatives across all business lines [51][49] Other Important Information - The company recognized the retirement of key executives, including Rod Martin and Christine Hurtsellers, and expressed confidence in the leadership transition [6][7] - The integration of Benefitfocus has been successful, with significant improvements in customer experience metrics [18][17] Q&A Session Summary Question: Increased strategic spend in Corporate - Management highlighted investments in technology for asset management, distribution teams in Health, and mid-market sales in Wealth to drive revenue growth [51] Question: International opportunity for the pipeline - Management expressed excitement about the international pipeline, noting $4 billion of flows from overseas and the potential for further expansion [52] Question: Weaker supplemental health margins - Management attributed the weaker margins to seasonal claims activity and expressed confidence in returning to expected loss ratios in 2024 [54][55] Question: EPS guidance changes - Management indicated that the pace of growth in 2024 is slightly lower than previously anticipated due to various factors, including health and wealth business dynamics [60][61] Question: Investment Management margins - Management remains confident in achieving margins of 25% to 27% as the business grows and the pipeline develops [62] Question: Asset Management pipeline and negative flows - Management acknowledged the transformation of partnerships and expressed confidence in the pipeline translating into positive flows moving forward [64][65] Question: Cash generation outlook - Management expects stable cash generation in the future, with growth proportional to business growth [67] Question: Operating margin expectations - Management indicated that while margins may appear flat in the near term, there are opportunities for improvement through expense discipline and innovation [68][69] Question: Capital return outlook - Management confirmed a focus on returning capital through share repurchases and dividends, with expectations for strong cash generation in 2024 [74]

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]