NYSE$VOYA

Voya Financial Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Voya Financial's second-quarter earnings were announced, revealing a mix of challenges and strategic advancements.

Voya Financial reported a net income of $64 million, or $0.57 per diluted share, and after-tax adjusted operating earnings of $185 million, or $1.67 per diluted share. The results reflect continued organic growth across all businesses, with significant capital deployment to enhance shareholder value. Despite a decline in net income compared to the previous year, the company remains confident in its long-term strategy and growth plans, including the recent acquisition of Allianz Global Investors’ U.S. business.

  • Net income available to common shareholders was $0.57 per diluted share.
  • After-tax adjusted operating earnings reached $1.67 per diluted share.
  • Approximately $300 million in excess capital was deployed in the second quarter.
  • Investment Management generated $559 million of net inflows.

Headline financials

Total Revenue

$1.52B

Previous: $2.5B-39.3%
EPS (adj)

$1.67

Previous: $1.32+26.5%
Free Cash Flow

$68M

Previous: $463M-85.3%
Net Income

$68M

Previous: $463M-85.3%
Operating Income

$124M

Previous: $546M-77.3%
Gross Profit

$729M

Previous: $1.25B-41.8%
Total Assets

$148B

Previous: $168B-12.3%

Revenue & EPS history

Voya · Revenue · Quarterly

$1.52B

Q2 2022-39.3%vs Q2 2021
Beat estimate in 14 of 15 quarters(93%)
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 remains confident in its long-term strategy and will continue to execute on a number of organic growth, capital and margin initiatives to achieve its plans. At the same time, the company is excited about the additive, inorganic growth that will result from its recently completed transfer of certain assets and teams comprising the substantial majority of Allianz Global Investors’ U.S. business to Voya.

Tailwinds

  • Confident in long-term strategy.
  • Continuing to execute on organic growth initiatives.
  • Continuing to execute on capital initiatives.
  • Continuing to execute on margin initiatives.
  • Excited about inorganic growth from AllianzGI U.S. business transfer.

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 2022

Historical avgQ2 2022

+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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