Voya Q3 2022 Earnings Report
Key Takeaways
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.
Adjusted operating EPS increased by approximately 28%, excluding notable items.
Wealth Solutions full service recurring deposits grew 10.4% to $13.0 billion for the trailing twelve months ended Sept. 30, 2022.
Health Solutions annualized in-force premiums increased 9.7% to $2.8 billion.
Net flows in Investment Management were $9.9 billion for the trailing twelve months ended Sept. 30, 2022.
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Voya Revenue by Segment
Forward Guidance
Voya expects to achieve 12% to 17% adjusted operating EPS growth, excluding notable items, in 2022, reflecting continued progress on organic growth, margin expansion and capital management initiatives.