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VOYABearishEarningsnews
Materiality pending

Voya Financial (VOYA) Q1 Earnings Surpass, Premiums Rise Y/Y

May 1, 2024, 9:23 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Voya Financial's adjusted operating earnings of $1.88 per share beat estimates by 18.9%. - Total assets under management and administration were $848.6 billion. - Segmental updates show growth in Wealth Solutions and Investment Management, offset by a loss in Corporate. - Capital deployment includes remaining $225 million for share repurchases and $500 million increase. - Exited the quarter with $0.2 billion in excess capital and increased share repurchase authorization. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings

  • Voya Financial's adjusted operating earnings of $1.88 per share beat estimates by 18.9%.
  • Total assets under management and administration were $848.6 billion.
  • Segmental updates show growth in Wealth Solutions and Investment Management, offset by a loss in Corporate.
  • Capital deployment includes remaining $225 million for share repurchases and $500 million increase.
  • Exited the quarter with $0.2 billion in excess capital and increased share repurchase authorization.

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