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Jun 30, 2022
Voya Q2 2022 Earnings Report
Voya Financial's second-quarter earnings were announced, revealing a mix of challenges and strategic advancements.
Key Takeaways
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.
Net income available to common shareholders was $0.57 per diluted share.
After-tax adjusted operating earnings reached $1.67 per diluted share.
Approximately $300 million in excess capital was deployed in the second quarter.
Investment Management generated $559 million of net inflows.
Revenue by Segment
Forward Guidance
Voya remains confident in its long-term strategy and will continue to execute on a number of organic growth, capital and margin initiatives to achieve its plans. At the same time, the company is excited about the additive, inorganic growth that will result from its recently completed transfer of certain assets and teams comprising the substantial majority of Allianz Global Investors’ U.S. business to Voya.
Positive Outlook
- Confident in long-term strategy.
- Continuing to execute on organic growth initiatives.
- Continuing to execute on capital initiatives.
- Continuing to execute on margin initiatives.
- Excited about inorganic growth from AllianzGI U.S. business transfer.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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