NYSE$VOYA

Voya Financial Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Voya Financial reported mixed Q4 2024 results, with strong performance in Wealth Solutions and Investment Management offset by higher loss ratios in Health Solutions.

Voya Financial's Q4 2024 net income available to common shareholders was $93 million, or $0.94 per diluted share. After-tax adjusted operating earnings were $138 million, or $1.40 per diluted share. Strong results in Wealth Solutions and Investment Management were offset by higher loss ratios in Health Solutions. The company returned $800 million of capital to shareholders in 2024 and completed the acquisition of OneAmerica Financial's full-service retirement plan business.

  • Net income available to common shareholders was $93 million, or $0.94 per diluted share.
  • After-tax adjusted operating earnings were $138 million, or $1.40 per diluted share.
  • Wealth Solutions and Investment Management showed strong results, while Health Solutions experienced higher loss ratios.
  • The company completed the acquisition of OneAmerica Financial's full-service retirement plan business.

Headline financials

Total Revenue

$2.01B

Previous: $1.82B+10.5%
EPS (adj)

$1.50

Previous: $1.97-23.9%
Full-Year Retirement Client Assets

$613B

No prior period
Full-Year Employee Benefits Annualized In-Force Premiums and Fees

$3.79B

No prior period
Full-Year Investment Management AUM

$339B

No prior period
Net Income

$121M

Previous: $118M+2.5%
Operating Income

$120M

Previous: $215M-44.2%

Revenue & EPS history

Voya · Revenue · Quarterly

$2.01B

Q4 2024+10.5%vs Q4 2023
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 expects improved profitability in its Stop Loss business in 2025 and increased excess capital generation, driven by core business growth, net underwriting improvement in Health Solutions, and earnings from the recently completed OneAmerica acquisition.

Tailwinds

  • Improved profitability in Stop Loss business expected in 2025.
  • Increased excess capital generation expected in 2025.
  • Core business growth.
  • Net underwriting improvement in Health Solutions.
  • Earnings from the recently completed OneAmerica acquisition.

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 2024

Historical avgQ4 2024

+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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