Voya Q1 2023 Earnings Report
Key Takeaways
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.
Net income available to common shareholders was $0.63 per diluted share.
After-tax adjusted operating earnings per diluted share (EPS) was $1.44.
Results reflect continued benefit of diverse revenue streams and strong margins across Voya’s businesses.
Excess capital was approximately $0.5 billion as of March 31, 2023.
Voya
Voya
Voya Revenue by Segment
Forward Guidance
Voya expects to meet its 12% to 17% adjusted operating EPS annual compound growth target over the three-year period ending in 2024. The company plans to increase its dividend yield to approximately 2% in the second half of 2023 and intends to resume share repurchases in the second quarter.