Voya Financial reports Q4 EPS $1.40, consensus 75c

Reports Q4 revenue $2.01B, consensus $1.89B. “We are pleased to report strong revenue growth, margin expansion and commercial momentum in our Wealth Solutions and Investment Management businesses for the fourth-quarter and full-year 2024,” said Heather Lavallee, chief executive officer, Voya Financial (VOYA). “These results were offset by higher loss ratios in Health Solutions, primarily in our Stop Loss business where we have executed meaningful rate increases and strengthened underwriting risk selection. As a result, we expect improved profitability in our Stop Loss business in 2025. We generated $650 million of excess capital and delivered on our commitment to return $800 million to shareholders in 2024. We expect increased excess capital generation in 2025, driven by core business growth, net underwriting improvement in Health Solutions, and earnings from the recently completed OneAmerica acquisition. Creating long-term value for our shareholders and delivering exceptional outcomes for our customers remains our primary focus. We began 2025 by welcoming the OneAmerica retirement associates, plans, and participants to Voya. Our Wealth Solutions business will now serve approximately 60,000 plans and nearly 8 million participants. We are excited about the future and our shared purpose: together we fight for everyone’s opportunity for a better financial future.”