NYSE$VOYA
Voya Financial Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported strong first-quarter results driven by growth in Wealth Solutions and Health Solutions, along with effective capital management.
Voya Financial reported a net income of $1,086 million, or $8.29 per diluted share, and adjusted operating earnings of $223 million, or $1.70 per diluted share. The company saw growth in Wealth Solutions and Health Solutions, and continued to execute its capital management strategy, repurchasing $235 million of common stock and $75 million of debt.
- Net income available to common shareholders was $8.29 per diluted share.
- Adjusted operating earnings were $1.70 per diluted share, after tax, including $0.66 of prepayment fees and alternative investment income above expectations and $(0.17) of claims due to COVID-19.
- The company repurchased $235 million of common stock and retired $75 million of debt.
- Wealth Solutions full service recurring deposits grew 5% and full service net flows were $868 million.
Headline financials
Revenue & EPS history
Voya · Revenue · Quarterly
-$1.96B
Revenue by segment
Voya · $398M total across 3 segments · Q4 2020
- Retirement$258M+59.3%64.8%
- Investment Management$90M+52.5%22.6%
- Employee Benefits$50M-9.1%12.6%
Forward guidance
Voya expects to repurchase $1 billion of common stock in 2021 and expects Investment Management to achieve its 2-4% net flow organic growth target for 2021 due to a strong, unfunded pipeline.
Tailwinds
- Strong growth in Wealth Solutions fee revenue
- Favorable change in deferred acquisition costs and value of business acquired
- Expected to repurchase $1 billion of common stock in 2021
- Investment Management expected to achieve a 2-4% net flow organic growth target for 2021
- Growth across all Health Solutions product lines
Headwinds
- Net outflows in Investment Management during the quarter
- Lower earnings in Health Solutions due to higher claims from COVID-19
- Institutional net outflows of $128 million
- Retail net outflows of $252 million
- Higher Group Life loss ratio due to COVID-related claims
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+0.2%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+1.6%
Avg return
30 days after
47%
25 / 53 earnings
Positive
+10.0%
Q4 2022
Best reaction
-9.9%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -3.7% | +4.2% | |
| Q4 2025 | -6.5% | +1.2% | -10.3% | |
| Q3 2025 | -3.5% | -3.5% | -3.8% | |
| Q1 2025 | +9.3% | +15.8% | +10.7% | |
| Q4 2024 | +4.8% | +5.0% | +1.0% | |
| Q3 2024 | -6.3% | +1.6% | +2.4% | |
| Q2 2024 | -1.2% | -7.5% | -5.6% | |
| Q1 2024 | +2.2% | +2.4% | +7.9% | |
| Q4 2023 | -3.8% | -2.3% | -4.8% | |
| Q3 2023 | +2.5% | +6.1% | +8.2% | |
| Q2 2023 | -1.8% | -2.4% | -6.2% | |
| Q1 2023 | -9.9% | -8.2% | -10.1% | |
| Q4 2022 | +10.0% | +8.9% | +6.4% | |
| Q3 2022 | -2.2% | -2.0% | -4.0% | |
| Q2 2022 | +2.9% | +1.8% | +3.2% | |
| Q1 2022 | +6.4% | +0.8% | +7.1% | |
| Q4 2021 | +2.3% | +1.0% | -10.1% | |
| Q3 2021 | -2.4% | -2.8% | -9.5% | |
| Q2 2021 | +3.5% | +4.2% | -1.3% | |
| Q1 2021 | -4.3% | -1.9% | -8.1% | |
| Q4 2020 | -4.3% | -5.8% | +9.4% | |
| Q3 2020 | +1.6% | +6.8% | +18.8% | |
| Q2 2020 | +0.2% | +4.2% | +2.6% | |
| Q1 2020 | -5.3% | +1.7% | +12.9% | |
| Q4 2019 | -0.6% | +0.4% | -26.5% | |
| Q3 2019 | +3.6% | +3.3% | +3.0% | |
| Q2 2019 | -4.4% | -5.9% | -2.8% | |
| Q1 2019 | -1.4% | -0.9% | +0.0% | |
| Q4 2018 | +4.1% | +1.8% | +4.8% | |
| Q3 2018 | +5.8% | +6.9% | +8.0% | |
| Q2 2018 | -1.0% | -0.5% | -0.9% | |
| Q1 2018 | -0.7% | -0.7% | -0.8% | |
| Q4 2017 | +6.5% | +5.3% | +12.5% | |
| Q3 2017 | +2.4% | +3.8% | +9.6% | |
| Q2 2017 | +3.4% | +4.2% | -2.6% | |
| Q1 2017 | -4.1% | -3.8% | -7.1% | |
| Q4 2016 | -2.7% | +0.0% | -1.1% | |
| Q3 2016 | -1.0% | +2.0% | +28.9% | |
| Q2 2016 | +8.5% | +11.5% | +15.5% | |
| Q1 2016 | -7.6% | — | — | |
| Q4 2015 | -2.8% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | -2.6% | — | — | |
| Q1 2015 | +2.9% | — | — | |
| Q4 2014 | +3.6% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | -2.8% | — | — | |
| Q1 2014 | -2.1% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2012 | +4.7% | — | — | |
| Q3 2013 | +6.4% | — | — | |
| Q2 2013 | -1.0% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q2 2012 | — | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2011 | — | — | — |
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