NYSE$VOYA

Voya Financial Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Announced fourth-quarter and full-year 2020 results.

Voya Financial reported strong bottom-line growth in Q4 2020, with a 21% year-over-year increase in normalized adjusted operating earnings per share. The company also completed the sale of its Individual Life and other legacy non-retirement annuities businesses and announced the sale of its independent financial planning channel.

  • Fourth-quarter 2020 net income available to common shareholders of $2.57 per diluted share.
  • Fourth-quarter 2020 adjusted operating earnings of $1.90 per diluted share.
  • Excess capital of approximately $1.8 billion, including deployable capital resulting from the company’s sale of its Individual Life business on Jan. 4, 2021.
  • Board of directors authorizes repurchase of an additional $1 billion of Voya common stock.

Headline financials

Total Revenue

$2.22B

Previous: $197M+1028.9%
EPS (adj)

$1.44

Previous: $1.19+21.0%
Net Income

$341M

Previous: -$776M+143.9%
Operating Income

$441M

Previous: $66M+568.2%
Gross Profit

$2.06B

Previous: $696M+195.5%
Cash & Equivalents

$1.8B

Previous: $896M+100.9%
Total Assets

$700B

Previous: $603B+16.1%
Stock-Based Comp

$88M

Previous: $98M-10.2%

Revenue & EPS history

Voya · Revenue · Quarterly

$2.22B

Q4 2020+1,028.9%vs Q4 2019
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 recognizes the challenges that the COVID-19 pandemic will continue to pose to the U.S. and the broader economy. Voya is optimistic about its ability to build upon its track record, and to continue to welcome new clients as it makes further investments in its workplace capabilities and expertise.

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 2020

Historical avgQ4 2020

+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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