NYSE$VOYA

Voya Financial Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Voya's Q4 2019 results were announced, showing a net loss but progress in organic growth and cost savings.

Voya Financial reported a net loss available to common shareholders of $(776) million, or $(5.45) per diluted share, but adjusted operating earnings of $153 million, or $1.07 per diluted share. The company saw strong progress in organic growth across its Retirement, Investment Management, and Employee Benefits businesses. Voya successfully removed stranded costs associated with the 2018 sale of the majority of the company's annuities business.

  • Net loss available to common shareholders was $(776) million, or $(5.45) per diluted share.
  • Adjusted operating earnings were $153 million, or $1.07 per diluted share.
  • Retirement full-service recurring deposits increased by 10.7% for the full year.
  • Investment Management generated $2.6 billion in positive net flows for the full year (excluding divested annuities and sub-advisor replacements).

Headline financials

Total Revenue

$197M

Previous: $159M+23.9%
EPS (adj)

$1.19

Previous: $1.32-9.8%
Net Income

-$776M

Previous: $121M-741.3%
Operating Income

$66M

No prior period
Gross Profit

$696M

Previous: $2.09B-66.7%
Cash & Equivalents

$896M

Previous: $1.24B-27.6%
Total Assets

$603B

Previous: $155B+288.1%
Stock-Based Comp

$98M

Previous: $96M+2.1%

Revenue & EPS history

Voya · Revenue · Quarterly

$197M

Q4 2019+23.9%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Voya · $276M total across 3 segments · Q4 2019

  • Retirement
    $162M
  • Investment Management
    $59M
  • Employee Benefits
    $55M

Forward guidance

Voya expects normalized adjusted operating EPS to reach a quarterly run rate of $1.80 to $1.90 by the end of 2021 and remains committed to growing normalized adjusted operating EPS by at least 10% in both 2020 and 2021.

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 Q4 2019

Historical avgQ4 2019

+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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