Voya Q2 2024 Earnings Report
Key Takeaways
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.
Net income available to common shareholders was $201 million, or $1.96 per diluted share.
After-tax adjusted operating earnings were $223 million, or $2.18 per diluted share.
Approximately $0.2 billion of capital was generated and returned to shareholders through share repurchases and dividends.
The board of directors authorized a 12.5% increase in the common stock dividend to $0.45 per share beginning in Q3 2024.
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Forward Guidance
Voya is focused on strategic priorities centered on the growing needs of employers, employees and intermediaries, which has enabled the company to advance its growth plans and create positive outcomes for all of its stakeholders. Voya remains confident in the leading market position of its Health business.