Reported Q: Q4 2024 Rev YoY: N/A EPS YoY: -29.2% Move: -0.94%
Voya Financial Inc
VOYA-PB
$23.13 -0.94%
Exchange NYSE Sector Financial Services Industry Financial Conglomerates
Q4 2024
Published: Feb 21, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for VOYA-PB

Reported

Report Date

Feb 21, 2025

Quarter Q4 2024

Revenue

N/A

YoY: N/A

EPS

0.93

YoY: -29.2%

Market Move

-0.94%

Previous quarter: Q3 2024

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Earnings Highlights

  • EPS of $0.93 decreased by 29.2% from previous year
  • Net income of 97.00M
  • "β€œIn Health Solutions, our Stop Loss results for the fourth quarter is in line with the expectations we shared in our December announcement. We have taken corrective actions within our Stop Loss business, including meaningful rate increases and strengthened underwriting risk selection, and we expect a material improved net underwriting result in 2025.”" - Heather Lavallee
VOYA-PB
Company VOYA-PB

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Executive Summary

Voya Financial posted a mixed-Q4 2024 with meaningful earnings momentum in Wealth Solutions and Investment Management, offset by higher Health Solutions losses in Stop Loss that pressured near-term margins. The company closed the OneAmerica acquisition on January 2, 2025, adding roughly $60 billion in assets and nearly $4 billion of spread-based assets under management, with an expected $200 million in revenue and $75 million of incremental operating earnings in 2025. Management framed 2025 as a transition year focused on margin recovery in Stop Loss, stronger risk selection, and the successful integration of OneAmerica, while continuing to invest in growth initiatives (leave management, wealth advisory expansion, and Sconset Re). For investors, the key takeaway is a path to higher capital generation and a return to the mid-teens ROE trajectory by 2026, aided by a combination of margin discipline, strategic acquisitions, and disciplined capital allocation. The earnings call emphasized: (1) robust flow momentum in Wealth Solutions and Investment Management, (2) a targeted 21% net effective rate increase for the January 2025 Stop Loss cohort, (3) accretive earnings from OneAmerica in 2025, (4) a plan to lift excess capital generation meaningfully in 2025 and beyond, and (5) a disciplined but opportunistic approach to M&A and partnerships to accelerate growth.

Key Performance Indicators

Operating Income
Increasing
120.00M
QoQ: 171.43% | YoY: 17.65%
Net Income
Decreasing
97.00M
QoQ: -14.91% | YoY: -20.49%
EPS
Decreasing
0.80
QoQ: -20.00% | YoY: -29.20%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 0.00 1.42 +0.0% View
Q4 2024 0.00 0.93 +0.0% View
Q3 2024 1,956.00 0.98 +7.3% View
Q2 2024 2,033.00 1.96 +8.7% View
Q1 2024 2,051.00 2.24 +16.8% View