Voya Financial Q3 adjusted EPS rises nearly 30% on higher fee income, raises dividend

Voya Financial

04/11/2025 21:44

Overview

Voya Q3 adjusted operating EPS grows nearly 30% yr/yr, driven by segment earnings growth

Company generated over $200 mln excess capital in Q3, reflecting strong financial position

Voya increases quarterly dividend by 4% to $0.47 per share, starting Q4 2025

Outlook

Company confident in long-term growth due to strategic investments and strong balance sheet

Result Drivers

RETIREMENT SEGMENT - Earnings growth driven by acquired business from OneAmerica and higher alternative investment income

INVESTMENT MANAGEMENT - Higher fee-based revenues and net inflows contributed to earnings growth

EMPLOYEE BENEFITS - Improved underwriting margins in Stop Loss boosted earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$2.13 bln
Q3 EPS
$1.80
Q3 Net Income
$272 mln
Q3 Adjusted Operating Earnings
$239 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "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 $86.00, about 15% above its November 3 closing price of $73.14

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw9xVMSfa

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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.)