NYSE$VOYA

Voya Financial Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Voya Financial reported strong second-quarter results, driven by strong investment income and solid performance across its businesses.

Voya Financial announced strong results for the second quarter of 2021, with record adjusted operating earnings per share. The company reported net income available to common shareholders of $3.53 per diluted share and adjusted operating earnings of $2.20 per diluted share. Voya repurchased $518 million of common stock during the quarter and is on track to repurchase at least $1 billion in common stock in 2021.

  • Adjusted operating earnings increased to a record $2.20 per diluted share, after tax, up significantly from $0.15 per diluted share in the second quarter of 2020.
  • Wealth Solutions full-service recurring deposits for the trailing twelve months (TTM) ended June 30, 2021 were up 6.7% compared with the prior-year period and full-service net inflows in the second quarter of 2021 were $238 million.
  • Investment Management had net inflows of $249 million, driven by Institutional inflows and continued funding of new mandates, particularly in fixed income strategies.
  • Health Solutions annualized in-force premiums were up 9.8% compared with the prior-year period due to growth across all product lines.

Headline financials

Total Revenue

$2.5B

Previous: $1.66B+50.5%
EPS (adj)

$1.32

Previous: $1.09+21.1%
Free Cash Flow

$463M

Previous: -$67M+791.0%
Net Income

$463M

Previous: -$67M+791.0%
Operating Income

$546M

Previous: -$72M+858.3%
Gross Profit

$1.25B

Previous: $571M+119.3%
Cash & Equivalents

$1.77B

Previous: $1.11B+59.0%
Total Assets

$168B

Previous: $167B+0.8%

Revenue & EPS history

Voya · Revenue · Quarterly

$2.5B

Q2 2021+50.5%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Voya · $398M total across 3 segments · Q4 2020

  • Retirement
    $258M+59.3%
  • Investment Management
    $90M+52.5%
  • Employee Benefits
    $50M-9.1%

Forward guidance

Voya Financial is focused on serving the workplace and institutional clients and is positioned to meet the complex and increasing needs of our clients. Our unique digital capabilities, insights and focus on client needs will enable us to create greater value for all of our customers and position us to generate further earnings per share growth

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 Q2 2021

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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