Voya Financial delivered strong fourth-quarter and full-year 2025 results, exceeding targets for adjusted pre-tax earnings and cash generation. The company saw significant growth across its diversified businesses, disciplined execution, and customer focus, with Retirement and Investment Management AUM surpassing $1 trillion.
Voya Financial reported a solid second quarter in 2025, with net income of $162 million and after-tax adjusted operating earnings of $240 million. The company achieved a significant milestone by exceeding $1 trillion in total assets across Retirement and Investment Management, driven by strong commercial momentum, net revenue growth, and expense discipline. Excess capital generation remained strong, with $0.2 billion generated and $44 million returned to shareholders through common dividends.
Voya Financial delivered solid results in Q1 2025 with higher adjusted EPS, benefiting from the acquisition of OneAmerica's retirement business and positive capital market conditions. While net income declined YoY due to prior-year non-recurring gains, operating performance was strong across Wealth Solutions and Investment Management.
Voya Financial's Q4 2024 net income available to common shareholders was $93 million, or $0.94 per diluted share. After-tax adjusted operating earnings were $138 million, or $1.40 per diluted share. Strong results in Wealth Solutions and Investment Management were offset by higher loss ratios in Health Solutions. The company returned $800 million of capital to shareholders in 2024 and completed the acquisition of OneAmerica Financial's full-service retirement plan business.
Voya Financial announced its third-quarter 2024 financial results, with net income available to common shareholders at $98 million, or $0.98 per diluted share, and after-tax adjusted operating earnings of $190 million, or $1.90 per diluted share. The company is focused on improving profitability in Health Solutions through rate increases and expanding its market position with the acquisition of OneAmerica Financial's retirement plan business.
Voya Financial reported a net income of $201 million and adjusted operating earnings of $223 million for Q2 2024. The results were driven by fee-based revenue growth, offsetting lower underwriting gains, and continued spend management. The company generated and returned approximately $0.2 billion of capital to shareholders through share repurchases and dividends.
Voya Financial announced first-quarter 2024 financial results, with net income available to common shareholders of $234 million, or $2.24 per diluted share, and after-tax adjusted operating earnings of $185 million, or $1.77 per diluted share. The company generated and returned approximately $0.2 billion of capital in the quarter, including $172 million in share repurchases and $41 million in common stock dividends.
Voya Financial reported a net income of $118 million, or $1.10 per diluted share, for the fourth quarter of 2023. After-tax adjusted operating earnings were $174 million, or $1.63 per diluted share. The company is optimistic about continued commercial momentum in 2024, focusing on customer needs and strong free cash flow generation.
Voya Financial announced its third-quarter 2023 financial results, with a net income of $248 million, or $2.29 per diluted share. After-tax adjusted operating earnings were $189 million, or $1.74 per diluted share. The company deployed approximately $0.3 billion in excess capital during the quarter and generated approximately $0.8 billion of excess capital during the trailing 12 months.
Voya Financial reported a strong second quarter in 2023, with adjusted operating EPS growing 30% compared to the prior year. The company deployed approximately $0.2 billion in excess capital through share repurchases and dividends. The board of directors authorized doubling the common stock dividend to $0.40 per share and approved an additional $500 million for share repurchases.
Voya Financial announced first-quarter 2023 financial results, with net income available to common shareholders of $0.63 per diluted share and after-tax adjusted operating EPS of $1.44. The results reflect the continued benefit of diverse revenue streams and strong margins across Voya’s businesses. The company had approximately $0.5 billion of excess capital as of March 31, 2023.
Voya Financial reported a net income available to common shareholders of $1.77 per diluted share for Q4 2022. The after-tax adjusted operating earnings were $2.18 per diluted share. The company saw growth in Wealth Solutions full service recurring deposits and Health Solutions annualized in-force premiums.
Voya Financial reported a net income of $193 million, or $1.82 per diluted share, and after-tax adjusted operating earnings of $245 million, or $2.30 per diluted share. The company is on track to achieve 12% to 17% adjusted operating EPS growth in 2022, excluding notable items. Voya's Wealth Solutions, Health Solutions and Investment Management businesses all achieved organic growth.
Voya Financial reported a net income of $64 million, or $0.57 per diluted share, and after-tax adjusted operating earnings of $185 million, or $1.67 per diluted share. The results reflect continued organic growth across all businesses, with significant capital deployment to enhance shareholder value. Despite a decline in net income compared to the previous year, the company remains confident in its long-term strategy and growth plans, including the recent acquisition of Allianz Global Investors’ U.S. business.
Voya Financial reported a net income of $0.24 per diluted share and after-tax adjusted operating earnings of $1.47 per diluted share for Q1 2022. The company saw organic growth across all businesses and deployed approximately $713 million in excess capital during the quarter.
Voya Financial reported a net income available to common shareholders of $3.36 per diluted share for the fourth quarter of 2021. The after-tax adjusted operating earnings were $1.90 per diluted share. The company generated $1 billion in excess capital and deployed a record $1.7 billion in excess capital in 2021.
Voya Financial reported a net income of $142 million, or $1.15 per diluted share, and adjusted operating earnings of $315 million, or $2.57 per diluted share, for the third quarter of 2021. The company is on track to repurchase at least $1.1 billion of its common stock in 2021 and has increased its common stock dividend by over 20%.
Voya Financial announced strong results for the second quarter of 2021, with record adjusted operating earnings per share. The company reported net income available to common shareholders of $3.53 per diluted share and adjusted operating earnings of $2.20 per diluted share. Voya repurchased $518 million of common stock during the quarter and is on track to repurchase at least $1 billion in common stock in 2021.
Voya Financial reported a net income of $1,086 million, or $8.29 per diluted share, and adjusted operating earnings of $223 million, or $1.70 per diluted share. The company saw growth in Wealth Solutions and Health Solutions, and continued to execute its capital management strategy, repurchasing $235 million of common stock and $75 million of debt.
Voya Financial reported strong bottom-line growth in Q4 2020, with a 21% year-over-year increase in normalized adjusted operating earnings per share. The company also completed the sale of its Individual Life and other legacy non-retirement annuities businesses and announced the sale of its independent financial planning channel.
Voya Financial reported a net loss of $(2.64) per diluted share for the third quarter of 2020. Adjusted operating earnings were $0.30 per diluted share, or $1.19 per diluted share when normalized. The company had $642 million in excess capital as of Sept. 30, 2020.
Voya Financial reported a net loss of $(0.55) per diluted share and adjusted operating earnings of $0.15 per diluted share for the second quarter of 2020. Normalized adjusted operating earnings were $1.09 per diluted share. The company had $668 million in excess capital as of June 30, 2020, and total assets under management and administration were $606 billion.
Voya Financial reported a net loss available to common shareholders of $(98) million, or $(0.71) per diluted share, but normalized adjusted operating earnings per share grew 26% year-over-year, driven by record earnings in Employee Benefits and strong organic growth in each of its businesses. The company had $612 million of excess capital as of March 31, 2020, and is on track to achieve targeted cost savings of at least $250 million by the end of 2020.
Voya Financial reported a net loss available to common shareholders of $(776) million, or $(5.45) per diluted share, but adjusted operating earnings of $153 million, or $1.07 per diluted share. The company saw strong progress in organic growth across its Retirement, Investment Management, and Employee Benefits businesses. Voya successfully removed stranded costs associated with the 2018 sale of the majority of the company's annuities business.
