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Dec 31, 2024
Voya Q4 2024 Earnings Report
Voya Financial reported mixed Q4 2024 results, with strong performance in Wealth Solutions and Investment Management offset by higher loss ratios in Health Solutions.
Key Takeaways
Voya Financial's Q4 2024 net income available to common shareholders was $93 million, or $0.94 per diluted share. After-tax adjusted operating earnings were $138 million, or $1.40 per diluted share. Strong results in Wealth Solutions and Investment Management were offset by higher loss ratios in Health Solutions. The company returned $800 million of capital to shareholders in 2024 and completed the acquisition of OneAmerica Financial's full-service retirement plan business.
Net income available to common shareholders was $93 million, or $0.94 per diluted share.
After-tax adjusted operating earnings were $138 million, or $1.40 per diluted share.
Wealth Solutions and Investment Management showed strong results, while Health Solutions experienced higher loss ratios.
The company completed the acquisition of OneAmerica Financial's full-service retirement plan business.
Revenue by Segment
Forward Guidance
Voya expects improved profitability in its Stop Loss business in 2025 and increased excess capital generation, driven by core business growth, net underwriting improvement in Health Solutions, and earnings from the recently completed OneAmerica acquisition.
Positive Outlook
- Improved profitability in Stop Loss business expected in 2025.
- Increased excess capital generation expected in 2025.
- Core business growth.
- Net underwriting improvement in Health Solutions.
- Earnings from the recently completed OneAmerica acquisition.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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