Voya Financial Reports Strong 2025 Results and Capital Generation

Voya Financial ( (VOYA) ) has issued an update.

On Feb. 3, 2026, Voya Financial reported its fourth-quarter and full-year 2025 results, highlighting robust underlying operating performance despite a slight decline in GAAP net income year over year. Full-year 2025 net income available to common shareholders was $613 million, or $6.29 per diluted share, down modestly from 2024 due to nonrecurring prior-period gains and higher severance and acquisition-related costs, while after-tax adjusted operating earnings rose to $861 million, or $8.85 per diluted share, supported by more than $1 billion in pre-tax adjusted operating earnings and approximately $775 million in excess capital generation, a 19% increase from the prior year. Retirement and Investment Management segments posted higher earnings, strong organic growth and record inflows, boosted by the OneAmerica acquisition and positive markets, while Employee Benefits saw a sharp turnaround with significantly improved underwriting margins and operating earnings, even as Corporate results reflected higher performance-based compensation costs. Voya returned $374 million to shareholders through buybacks and dividends in 2025, reduced its share count, and ended the year with about $0.4 billion in excess capital and $562 million in remaining repurchase authorization, underscoring a balance of growth investment, margin expansion and capital return that reinforces its competitive positioning in retirement, asset management and workplace benefits.

The most recent analyst rating on (VOYA) stock is a Buy with a $93.00 price target. To see the full list of analyst forecasts on Voya Financial stock, see the VOYA Stock Forecast page.

Spark’s Take on VOYA Stock

According to Spark, TipRanks’ AI Analyst, VOYA is a Outperform.

Voya Financial’s strong earnings growth and positive technical indicators are the most significant factors driving the score. The company’s attractive valuation and robust earnings call performance further support the positive outlook. However, challenges in cash flow management and potential risks in asset management slightly temper the overall score.

To see Spark’s full report on VOYA stock, click here.

More about Voya Financial

Voya Financial, Inc., listed on the NYSE as VOYA, operates in the financial services industry with a focus on retirement, investment management and employee benefits solutions. The company serves employers, employees and intermediaries, managing more than $1 trillion in combined Retirement and Investment Management assets as of 2025 and emphasizing capital-light, fee-based businesses that generate strong free cash flow and recurring revenue streams.

Average Trading Volume: 833,408

Technical Sentiment Signal: Buy

Current Market Cap: $7.3B

For an in-depth examination of VOYA stock, go to TipRanks’ Overview page.