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Dec 31, 2019
Voya Q4 2019 Earnings Report
Voya's Q4 2019 results were announced, showing a net loss but progress in organic growth and cost savings.
Key Takeaways
Voya Financial reported a net loss available to common shareholders of $(776) million, or $(5.45) per diluted share, but adjusted operating earnings of $153 million, or $1.07 per diluted share. The company saw strong progress in organic growth across its Retirement, Investment Management, and Employee Benefits businesses. Voya successfully removed stranded costs associated with the 2018 sale of the majority of the company's annuities business.
Net loss available to common shareholders was $(776) million, or $(5.45) per diluted share.
Adjusted operating earnings were $153 million, or $1.07 per diluted share.
Retirement full-service recurring deposits increased by 10.7% for the full year.
Investment Management generated $2.6 billion in positive net flows for the full year (excluding divested annuities and sub-advisor replacements).
Revenue by Segment
Forward Guidance
Voya expects normalized adjusted operating EPS to reach a quarterly run rate of $1.80 to $1.90 by the end of 2021 and remains committed to growing normalized adjusted operating EPS by at least 10% in both 2020 and 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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