Financial Data and Key Metrics Changes - Voya Financial reported adjusted operating EPS of $2.21 for Q2 2023, a 30% increase year-over-year [6][13] - The company generated approximately $200 million of excess capital in the quarter, with a free cash flow conversion rate above 90% [8][26] - GAAP net income for the second quarter was $154 million [13] Business Line Data and Key Metrics Changes - Wealth Solutions saw full-service net flows of $400 million, with recurring deposits growing 9.5% year-over-year [6][14] - Health Solutions reported annualized in-force premiums and fees up 22% year-over-year, with adjusted operating earnings of $124 million [6][18] - Investment Management experienced net outflows of $3.8 billion, primarily due to softer client demand, although international retail net flows exceeded $5 billion [7][20][23] Market Data and Key Metrics Changes - The company noted strong performance in the Asian markets, particularly in Investment Management, contributing to positive retail net inflows [10][22] - Institutional net outflows were impacted by strategic decisions to strengthen the active equity team [20][21] Company Strategy and Development Direction - Voya Financial is focused on achieving a 12% to 17% EPS CAGR target through 2024, emphasizing organic growth and integration of new businesses [5][29] - The acquisition of the remaining 51% of Voya India is expected to enhance operational efficiency and innovation [28] - The company is leveraging its diversified business model to navigate varying economic conditions and drive profitability [9][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business and its ability to generate profitable growth despite economic challenges [5][29] - The strong results in Health Solutions are expected to contribute positively to EPS growth, potentially pushing it into low double digits [37][38] - Management anticipates continued growth in fee-based revenues and a focus on maintaining profitability across business lines [16][19] Other Important Information - Voya Financial has resumed share repurchases, deploying $162 million in Q2 2023, and has doubled its common stock dividend to $0.40 [8][26] - The company is actively managing its capital allocation strategy, balancing debt retirement and share repurchases [72][76] Q&A Session Summary Question: Can you help with the run rate earnings power in Health Solutions? - Management indicated that the favorable stop loss loss ratio is expected to continue, with confidence in maintaining margins around the traditional guidance of 77% to 80% [32][34] Question: What is the outlook for Investment Management flows? - Management acknowledged challenges in institutional flows but expressed optimism for future growth driven by international retail and strategic partnerships [39][41] Question: How much did NNIP impact institutional outflows? - NNIP was part of the outflows in Q2, and management expects it to continue as a headwind into Q3, but sees growing momentum in the pipeline [45][46] Question: What is the strategy behind acquiring the India JV? - The acquisition is seen as a logical step to enhance operational capabilities and improve margins, contributing to long-term growth [54][55] Question: What is the outlook for record keeping business? - Management expressed excitement about the strong pipeline and ongoing opportunities in the record keeping market, indicating continued growth [56][57] Question: What is the impact of divestitures on future outflows? - Management indicated that while there may be some remaining outflows from divestitures, they are manageable and expected as part of the strategic transition [59][66]

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 March 31, 2023 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. | (Exact name of registrant as specified in its charter) | | | | | --- | --- ...

Financial Data and Key Metrics Changes - Voya Financial reported adjusted operating EPS of $1.44 for Q1 2023, down from $1.55 in the prior year quarter, but adjusted operating earnings per share excluding notable impacts was $1.69 [13] - GAAP net income for the first quarter was $69 million, which included approximately $50 million of cash impacts from the acquisition of Benefitfocus [13] - The company concluded the quarter with approximately $500 million of excess capital and a free cash flow conversion rate of over 90% [8][21] Business Line Data and Key Metrics Changes - Wealth Solutions saw full service recurring deposits grow nearly 10%, with adjusted operating earnings of $132 million in Q1 2023 [15][16] - Health Solutions achieved annualized enforced premiums and fees growth of 22%, with adjusted operating earnings of $94 million [8][18] - Investment Management experienced net outflows largely due to challenging market conditions, but total assets under management increased nearly 30% year-over-year [19][20] Market Data and Key Metrics Changes - The company reported that full service recurring deposits grew 9.6% on a trailing 12-month basis, with expectations for full year deposit growth to exceed 10% [16] - Annualized enforced premiums in Health Solutions grew 15% year-over-year, exceeding the long-term target of 7% to 10% [17][18] - Investment Management's organic growth is expected to be between 2% to 4% in 2023, despite experiencing negative flows in the first quarter [19][44] Company Strategy and Development Direction - Voya Financial aims to achieve a 12% to 17% annual compound growth in EPS over the three-year period ending in 2024, focusing on executing its plans and integrating acquired businesses [7][25] - The company plans to increase its dividend yield to approximately 2% in the second half of 2023, subject to board approval, and intends to resume share repurchases in Q2 2023 [8][23] - Recent acquisitions, including Benefitfocus and AllianzGI, are expected to drive revenue and earnings growth, enhancing Voya's market position [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in capital generation capabilities, with a focus on maintaining a competitive dividend and managing expenses effectively [28][49] - The company remains optimistic about its growth trajectory, despite macroeconomic challenges, and is committed to delivering strong returns for shareholders [25][38] - Management highlighted the importance of addressing clients' growing health, wealth, and investment needs while maintaining a strong corporate culture [12] Other Important Information - Voya Financial has been recognized as one of the world's most ethical companies for the 10th consecutive year [12] - The company has generated $5.7 billion of capital since 2018, with a significant portion deployed in share repurchases [24] Q&A Session Summary Question: What conditions would prevent the resumption of buybacks? - Management indicated confidence in capital generation and plans to resume share repurchases in Q2, contingent on constructive market conditions [26][27] Question: What drove elevated surrenders in the full service business? - Management noted that a large case departure and higher participant surrenders impacted full service inflows, but expressed confidence in the long-term flow story [29][31] Question: Can you discuss the investment management pipeline? - Management affirmed a strong pipeline for investment management, with expectations for organic growth of 2% to 4% in 2023, despite some challenges in institutional flows [33][34] Question: How sustainable is the strong capital generation? - Management expressed confidence in their capital generation capabilities, supported by a capital-light business model and recent interest expense savings [36][38] Question: What drove the uptick in expenses this quarter? - Management explained that seasonal expenses and increased growth-related costs contributed to the uptick, but they expect a decline in expenses in future periods [40][41] Question: What is the outlook for the benefits ratio in the health business? - Management indicated that the strong first quarter experience would influence the full year outlook, but they expect the benefits ratio to revert to long-term targets [55][56] Question: How accurate are the LTVs in the commercial loan portfolio? - Management stated that they maintain a high-quality portfolio with rigorous internal underwriting processes, ensuring confidence in their LTV assessments [51][52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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. (Exact name of registrant as specified in i ...

Voya Financial, Inc. (NYSE:VOYA) Q4 2022 Earnings Conference Call February 8, 2023 10:00 AM ET Company Participants Michael Katz - EVP, Finance Rod Martin - Chairman & CEO Heather Lavallee - President & CEO Don Templin - CFO Rob Grubka - CEO, Workplace Solutions Conference Call Participants Ryan Krueger - KBW Elyse Greenspan - Wells Fargo Erik Bass - Autonomous Research Tom Gallagher - Evercore Andrew Kligerman - Credit Suisse John Barnidge - Piper Sandler Alex Scott - Goldman Sachs Jimmy Bhullar - JPMorgan ...

Voya Financial Fourth Quarter 2022 Investor Presentation February 8, 2023 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 new information, subsequent events or changes in strategy. Forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 —————————————————————— FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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. (Exact name of registrant as specified in its ...

Voya Financial, Inc. (VOYO) Q3 2022 Results Conference Call November 2, 2022 10:00 AM ET Company Participants Michael Katz - EVP, Finance Rodney Martin - Chairman & CEO Heather Lavallee - President, CEO, Wealth Solutions Mike Smith - Vice Chairman & CFO Charles Nelson - Chief Growth Officer & Vice Chairman Christine Hurtsellers - CEO, Voya Investment Management Conference Call Participants Suneet Kamath - Jefferies Wilma Burdiss - Raymond James Erik Bass - Autonomous Research Ryan Krueger - KBW Tom Gallaghe ...

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 June 30, 2022 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. | Securities registered pursuant to Sect ...

Benefitfocus, Inc. (BNFT) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Doug Kuckelman - Head, IR Matt Levin - President and CEO Alpana Wegner - CFO Conference Call Participants Anne Samuel - JPMorgan Jessica Tassan - Piper Sandler Operator Good afternoon ladies and gentlemen and welcome to the Benefitfocus Second Quarter of 2022 Earnings Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. ...