Voya Financial Q2 profit falls on lower investment income, severance costs

Voya Financial

04/08/2026 21:52

Overview
US retirement and investment manager's Q2 net income and adjusted EPS declined yr/yr
Company cited lower alternative investment income and severance expenses for earnings decline
Completed OneAmerica integration, boosting fee-based revenues and client assets

Outlook
Company says strong performance trends and expense actions support robust outlook for H2 2026

Result Drivers
LOWER ALTERNATIVE INVESTMENT INCOME - Co said decline in adjusted operating earnings was mainly due to lower alternative investment income
SEVERANCE EXPENSES - Q2 results included about $40 mln in pre-tax severance expenses for targeted cost-saving actions
HIGHER FEE-BASED REVENUES - Fee-based revenues rose in Retirement and Investment Management, supported by commercial growth and OneAmerica integration

Company press release: ID:nBw7npjfca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$1.89 bln
 
Q2 EPS
 
$0.97
 
Q2 Net Income
 
$18 mln
 
Q2 Adjusted Operating Earnings
 
$140 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the diversified investment services peer group is "buy"
Wall Street's median 12-month price target for Voya Financial Inc is $106.00, about 5.9% above its August 3 closing price of $100.07
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 3 - Jackson Financial Q2 profit jumps on favorable hedging, annuity sales growth
Aug 4 - Apollo debt deal fees and insurance earnings rise, asset sales drag
Aug 4 - Broadridge quarterly profit climbs on investor communications strength 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)