UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35897 Voya Financial, Inc. | --- | --- | --- | |---------------------------------------------------- ...

Financial Data and Key Metrics Changes - The company reported adjusted operating EPS of $1.90, a 9% increase compared to Q3 2023, driven by nearly 20% growth in Wealth Solutions and over 10% growth in Investment Management earnings [8][18] - Third quarter GAAP net income was below adjusted operating earnings primarily due to non-cash items [19] - Total capital return in the quarter was $193 million, including $149 million in share repurchases [31] Business Line Data and Key Metrics Changes - Wealth Solutions earnings were $211 million, an 18% increase year-over-year, with full-service sales up 25% year-over-year [26][24] - Investment Management achieved $3.8 billion in net inflows, marking the third consecutive quarter of positive net flows, exceeding the organic growth target for the year [28][27] - Health Solutions reported adjusted operating earnings of $23 million, significantly impacted by unfavorable loss ratio developments in Stop Loss [22] Market Data and Key Metrics Changes - The company maintained a leading position in the government market by participants and assets, with full-service net outflows of $222 million [24] - Retail client assets increased over 20% year-over-year to $31 billion, supported by investments in the retail wealth management business [25] - The mid-market sales for the year were significantly higher than total sales in 2023, indicating strong commercial momentum [10] Company Strategy and Development Direction - The company is focused on improving Stop Loss margins by prioritizing higher margins over premium growth for the 2025 book, with targeted average rate increases of 100% for January 2025 renewals [12][21] - The acquisition of OneAmerica's retirement business is expected to close on January 1, 2025, contributing at least $75 million of adjusted pretax operating earnings in the first year [15][33] - Continued emphasis on profitable growth and integration of the OneAmerica business is expected to enhance market share and operational capabilities [13][16] Management's Comments on Operating Environment and Future Outlook - Management expressed disappointment with Stop Loss results but highlighted strong performance in Wealth and Investment Management, indicating a robust capital return story for the year [35] - The company is confident in its ability to improve underwriting margins and achieve targeted loss ratios through active repricing and strategic actions [82][39] - Management anticipates significant improvements in excess capital generation in 2025, driven by Stop Loss repricing and the OneAmerica acquisition [17][33] Other Important Information - The company has a strong focus on integrating technology from OneAmerica to enhance service delivery and participant engagement [46][100] - The company issued $400 million of senior debt at a 5% coupon rate, with plans to retire maturing debt in early 2025 [32] Q&A Session Summary Question: Can you provide more color on the underlying claim trends in Stop Loss? - Management noted disappointment with Stop Loss results, with elevated claims across all categories driving reserve assumptions. They are actively repricing the book to improve margins [36][37] Question: Will the loss ratio likely remain above the target in 2025? - Management is targeting a 77% to 80% loss ratio for 2025, with significant rate increases expected to improve margins [39][40] Question: What is the expected impact of the OneAmerica acquisition on retention? - Management expects lower persistency for the OneAmerica business, around 90%, but believes the transition to similar technology will help maintain service levels [44][46] Question: How should we think about EPS guidance for the next few years? - Management indicated that the guidance includes contributions from OneAmerica and expects organic growth from both Investment Management and Wealth Solutions to support future EPS growth [48] Question: Can you comment on the distribution expansion from the Allianz partnership? - Management expressed satisfaction with the flow picture, highlighting strong demand in both US and international markets, contributing to net inflows exceeding organic growth targets [51][52] Question: What is the expected participant growth in Wealth Solutions? - Management anticipates a 15% participant growth in Wealth Solutions for 2025, with strong momentum in both recordkeeping and full-service segments [58][59]

Information contained herein is proprietary, confidential and non-public and is not for public release. 1 Voya Financial Third Quarter 2024 Investor Presentation November 5, 2024 Forward-Looking and Other Cautionary Statements this presentation and the remarks made orally contain forward-looking statements. The company does not assume any obligation to revise or update these statements to reflect rhanges in strategy, Forward-kolxing statements riclude statements relating to future developments in our busine ...

Voya Financial, Inc. (VOYA) reported third-quarter 2024 adjusted operating earnings of $2.12 per share, which beat the Zacks Consensus Estimate by about 4.8%. The bottom line increased 2.4% year over year.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Behind the HeadlinesAdjusted operating revenues amounted to $1.97 billion, which increased 7.6% year over year. The increase was driven by higher fee income, premiums and other revenues.Net investment income decreased 7.5% year over y ...

Voya Financial (VOYA) reported $289 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.9%. EPS of $2.12 for the same period compares to $2.07 a year ago.The reported revenue represents a surprise of -9.11% over the Zacks Consensus Estimate of $317.98 million. With the consensus EPS estimate being $2.05, the EPS surprise was +3.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall ...

Voya Financial (VOYA) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.41%. A quarter ago, it was expected that this retirement, investment and insurance company would post earnings of $2.19 per share when it actually produced earnings of $2.27, delivering a surprise of 3.65%.Over th ...

Exhibit 99.2 Quarterly Investor Supplement September 30, 2024 This report should be read in conjunction with Voya Financial, Inc.'s Quarterly Report on Form 10-Q for the Nine Months Ended September 30, 2024. Voya Financial's Annual Reports on Form 10-K, and Quarterly Reports on Form 10-Q, can be accessed upon filing at the Securities and Exchange Commission's website at www.sec.gov, and at our website at investors.voya.com. All information is unaudited. Corporate Offices: Investor Contact: Voya Financial Me ...

The upcoming report from Voya Financial (VOYA) is expected to reveal quarterly earnings of $2.05 per share, indicating a decline of 1% compared to the year-ago period. Analysts forecast revenues of $317.98 million, representing an increase of 13.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a c ...

Voya Financial, Inc. (VOYA) closed at $76.78 on Wednesday, near its 52-week high of $77.53. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $70.38 and $71.21, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Earnings of Voya Financial grew 16.2% in the last five ye ...

Shares of Voya Financial, Inc. (VOYA) gained 0.5% in the last trading session after the insurer agreed to buy OneAmerica Financial, Inc.'s full-service retirement plan business for an upfront purchase price of $50 million. The transaction, upon materialization, will strengthen the acquirer's full-service retirement business within Wealth Solutions. This segment accounted for about 41% of total adjusted operating revenues in 2023. OneAmerica Financial is a diversified mutual insurance organization. Its full- ...