Voya Financial Q1 net income rises

Voya Financial

05/05/2026 21:40

Overview

US retirement and investment manager's Q1 net income rose 23% yr/yr

Adjusted operating earnings for Q1 rose 13% yr/yr, driven by higher segment earnings

Company returned about $200 mln to shareholders via dividends and share repurchases

Outlook

Voya Financial did not provide specific guidance for revenue or earnings in the press release

Result Drivers

RETIREMENT SEGMENT - Higher assets and acquired revenues from OneAmerica, along with positive capital markets, drove revenue growth in Retirement

INVESTMENT MANAGEMENT - Higher fee-based revenues from strong business momentum and positive capital markets boosted Investment Management earnings

EMPLOYEE BENEFITS - Improved loss ratios and higher fee-based revenue, especially in Group Life, Voluntary, and Stop Loss, lifted Employee Benefits earnings

Company press release: ID:nBw7yhn3ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$2.03 bln
Q1 Diluted EPS
$1.75
Q1 Adjusted Operating Earnings
$214 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 $87.00, about 6.1% above its May 4 closing price of $82.02

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)