NYSE$VOYA
Voya Financial Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third-quarter 2021 results, achieving record adjusted operating earnings per share driven by strong investment income and solid performance in each business.
Voya Financial reported a net income of $142 million, or $1.15 per diluted share, and adjusted operating earnings of $315 million, or $2.57 per diluted share, for the third quarter of 2021. The company is on track to repurchase at least $1.1 billion of its common stock in 2021 and has increased its common stock dividend by over 20%.
- Voya achieved record adjusted operating earnings per share in Q3 2021, driven by strong investment income and solid performance across all businesses.
- Wealth Solutions full service recurring deposits grew 8.7% year-over-year, with full service net inflows of $355 million in the third quarter.
- Health Solutions annualized in-force premiums increased 10.9% year-over-year due to growth across all product lines.
- Investment Management expects annual net flows for 2021 to be at the high end of its 1-3% organic growth target, with over $7 billion in new mandates funded in Q4 2021.
Headline financials
Revenue & EPS history
Voya · Revenue · Quarterly
$2.01B
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 at least $1.1 billion of its common stock for the full-year 2021.
Tailwinds
- Voya is on target to repurchase at least $1.1 billion of its common stock in 2021.
- The board of directors authorizes the repurchase of an additional $500 million of common stock.
- Common stock dividend increased over 20% to $0.20 per share beginning in the fourth quarter of 2021.
- Approximately $400 million of senior debt being redeemed during the fourth quarter of 2021.
- Annual net flows for the full-year 2021 are expected to be at the high end of the company's 1-3% organic growth target due to over $7 billion in new mandates that have already funded during the fourth quarter of 2021.
Headwinds
- $(0.14) of claims due to COVID-19
- $(0.18) of other items, including legal and other reserve adjustments as well as higher variable and incentive compensation due to strong business results and higher alternative investment income.
- Investment Management had total net outflows (excluding sub-advisor replacements and divested businesses) of $1,094 million.
- Retail net outflows were $341 million.
- Higher Group Life loss ratio (reflecting approximately $22 million of 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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro