Voya Financial ( (VOYA) ) has released its Q1 earnings. Here is a breakdown of the information Voya Financial presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Voya Financial, Inc. is a prominent health, wealth, and investment company, providing a range of financial services and products to individual, workplace, and institutional clients, with a focus on fostering financial confidence and a fulfilling life.
Voya Financial reported its first-quarter 2025 earnings, highlighting a net income of $139 million and after-tax adjusted operating earnings of $195 million. The company attributes its performance to the acquisition of OneAmerica Financial’s retirement plan business and strong commercial momentum.
The key financial metrics for the quarter include a 13% growth in adjusted operating earnings per share compared to the previous year, driven by strategic acquisitions and positive capital markets. Wealth Solutions saw a significant increase in pre-tax adjusted operating earnings, while Health Solutions faced a decline due to strategic investments and lower underwriting gains. Investment Management maintained steady earnings, supported by fee-based revenue growth.
Voya Financial’s strategic focus remains on generating excess capital and returning value to shareholders, as evidenced by the $43 million returned through dividends and the strategic deployment of $200 million for acquisitions and growth investments. The company continues to maintain a strong balance sheet and is committed to balancing shareholder returns with growth investments.
Looking ahead, Voya Financial remains optimistic about its growth prospects, emphasizing its commitment to long-term value creation for shareholders despite the uncertain macroeconomic environment. The company plans to continue executing its strategic priorities while maintaining financial stability.