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Mar 31
Voya Q1 2025 Earnings Report
Voya reported strong adjusted EPS growth in Q1 2025, aided by the OneAmerica acquisition and commercial momentum across core segments.
Key Takeaways
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.
Adjusted operating EPS rose to $2.00, supported by OneAmerica acquisition and capital markets tailwinds.
Net income was $139 million, down from $234 million YoY, due to absence of prior-year tax and investment gains.
Wealth Solutions showed robust performance with $207 million in adjusted operating earnings.
Health Solutions faced pressure from lower underwriting gains and strategic investments in Short-Term Disability.
Voya
Voya
Voya Revenue by Segment
Revenue by Segment
Retirement Revenue
CapyFin.comInvestment Management Revenue
CapyFin.comEmployee Benefits Revenue
CapyFin.com Forward Guidance
Voya expects continued commercial momentum supported by its expanded retirement platform and strategic investments, while managing through macroeconomic uncertainty.
Positive Outlook
- Strength from OneAmerica acquisition to continue benefiting revenue and client assets.
- Strong capital position allows for flexibility in investment and shareholder return.
- Healthy pipeline of opportunities across Wealth and Investment businesses.
- Focus on operational efficiency and disciplined spending.
- Continued net inflows expected from recordkeeping and institutional channels.
Challenges Ahead
- Macroeconomic uncertainties may affect investment performance and capital markets.
- Health Solutions profitability remains under pressure from strategic investments.
- Higher seasonal and acquisition-related expenses.
- Absence of prior-year tax and investment-related benefits limits net income growth.
- Stop Loss segment continues to face loss ratio challenges.